My Passive Income Report – August 2020

Good morning guys! Today we’re here to check my Passive Income Report of August 2020 🙂

In the last month I made some new investments (Stocks, ETFs). Moreover, I’m reducing the amount invested the P2P lending because think that at the moment there are more interesting opportunities in the stock market.

Let’s start with the bad news: Grupeer still have issues. I consider it in my portfolio but I know that at 99% my momey on it is lost. The platform is not yet closed, but the loans are stopped. So my advice is: stay away from this platform! Then, finally, also DiversityFund scammed. Fortunately I withdrew almost all my balance in the previous weeks.

As you probably know, in the last months I’ve been modifying a lot my Investment Portfolio: I acquired and then sold some stocks, as you can check on the dedicated page and I’m continuing to constantly increasing my ETF shares.

I started to invest in ETFs at the beginning of the year, and now I’m following my ETF Investment Strategy. I suggest you to also read my previous Passive Income Report so you can have an idea of how my Passive Income is evolving.

But how much Passive Income did I generate in August?

Earnings from P2P Lending and Real Estate crowdfunding platforms

Platform

Balance

Interest

Referral

TOTAL

EstateGuru

1145,73

10,22

25,00

35,22

Mintos

782,78

6,63

0,00

6,63

ViaInvest

129,88

1,13

0,00

1,13

Lenndy

354,58

3,84

0,00

3,84

Swaper

83,44

0,70

0,00

0,70

Housers

1095,33

2,34

0,00

2,34

Twino

10,95

0,07

0,00

0,07

Robocash

144,17

2,18

0,00

2,18

Grupeer

1107,81

0,00

0,00

0,00

TOTAL

4854,67

27,11

25,00

52,11

Earnings from my other Passive Income sources

Platform

Earnings

Referral

TOTAL

Oval

10,42

0,00

10,42

Amazon Aff.

0,00

0,00

0,00

E-book

0,94

0,00

0,94

Targetcircle

0,00

0,00

0,00

eToro

0,61

0,00

0,61

SolidTradeBank

3,00

2,50

5,50

Dividends

1,96

0,00

1,96

Celsius Network

1,17

20,00

21,17

Blog

1,04

0,00

1,04

TOTAL

19,14

22,50

41,64

Total Passive Income: 93,75€

Comments about P2P Lending and Real Estate crowdfunding

Passive Income from P2P Lending increased last month, thanks to the big interest received on EstateGuru. However, as I said before, I’m withdrawing from all my P2P balances so it’ll be normal to see a decrease in the earnings in the next months.

As you know, my strategy for 2020 is to mainly invest in ETFs and stocks, and reduce the share of P2P lending in my Investment Portfolio. That’s why in parallel, I’m buying also some individual stocks when I see a good opportunity.

If I add the Passive Income generated in August to the previous total, I obtain a result of 4667,00€ of Passive Income (from November 2017). I would like to reach 5000€ within the end of the year, but it’s hard. Remember that you can always find the updated results in the dedicated pages: My Investment Portfolio and Income Graphs.

Mintos

Average month on Mintos (6,63€). I re-started the auto-invest because I reached the balance I was aiming for. Now I have something like 775€ on this platform.

EstateGuru

Very good month on EstateGuru, thanks to my referrals. Currently, I have 14 current loans in my Portfolio and one late loan (loan #8162). I’m still investing my earnings on the platform because I think that it works very well. Indeed in August I invested in 2 new projects.

Housers

The monthly return gained on this platform is always in the range 0.25%-0.35% for me. Not so good, indeed I’m thinking of exiting from Housers.

Swaper

Month above the average on this platform, that is quite volatile. In any case, I’m satisfied about my balance on this platform, so I’ll not withdraw anything in the next months.

Twino

I withdrew all my Twino balance some months ago. At the moment I only have two defaulted loans that pay me 0,07/0,08€ per month.

ViaInvest

Standard month on ViaInvest. I started again the Auto-Invest function, because I reached the balance I want to keep on this platform, but the interests earned are obviosuly less compared to months ago.

Comments about other Passive Income sources

Let’s start from TargetCircle, the affiliation platform that I use to present you interesting bonuses. In August I earned 0,00€ from TargetCircle. I believe this is due to the fact that it’s a hard period for P2P platforms, and people is staying away from these websites at the moment.

I received some dividends during August, for a total of 1,96€. A little bit lower compared to July, but the amount is decent and quite stable. My goal for next months and years is to increase it to at least 100€ per month.

In August I sold two copies of  my e-book dedicated to the Financial Freedom Challenge. As you know, I finally published the Italian version. I suggest you to check it out, it can be a very interesting read in this particular period. Click on this link to open the Amazon page of the e-book.

The HYIP that I use (SolidTradeBank) made me earn a total of 5,50€ in August. SolidTradeBank is still working fine, and I’m largely positive.

Remember: this kind of platforms is very very risky, so pay attention!

Now let’s talk about eToro, the trading platform I’m currently using to copy trade two traders. In August I followed OlivierDanvel and kela-Leo, but at the end of the month I replaced kela-Leo with a new trader (rubymza), with the hope to perform better. Howewer, August had been a positive month: I got a 0,61€ return.

Then a brief update about Oval, an application that I use to invest part of my savings. At the moment I have a balance of 147,13€ (10,42€ more than the end of July).

Finally, the latest platform that I added to my Investment Portfolio. I’m talking about Celsius Network, a platform that I use to invest part of my crypto coins. In August I got earnings for 21,17€. Interests on my deposited cryptos are always on time and I suggest this platform to crypto newbies 🙂

Portfolio Composition

Some changes in August:

  • I increased my investment in ETFs (ISHARES MSCI EM A and VANGUARD FTSE HDY)
  • I bought shares of a new ETFs (MSCI World Momentus by Xtrackers)
  • I decreased my investments in P2P Lending
  • I decreased my HYIPs balances
  • I bought many individual stocks (LX, AAPL, INTC, BABA, KEY, PTON, HUYA, BIIB, ANTM, FRT, IIPR, CHA)

News & Updates

I finally published the Italian version of the Financial Freedom Challenge e-book. You can buy it HERE for a very little price! 🙂

As you probably know on Amazon is already available the English version, that you can find here.

Finally, some months ago I created an Instagram account for the blog. I’m pretty happy about how it’s evolving, and I’m trying to publish a post a day. So please, follow me also on Instagram! In addition, be sure to make part of the biggest italian Telegram group dedicated to P2P lending, P2P Lending Italia.

I hope you liked this new Report, and stay tuned for the next one

Remember to subscribe to the blog if you want to receive my content directly on your mail 🙂

0

2 Replies to “My Passive Income Report – August 2020”

  1. Hey Domenico, what email plugin are you using? I like it a lot.
    Also, saw that you earned 1.04 with your blog, do you run ads?

    0

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.