▶️ Dividend Portfolio Update #5: Waiting On The Wave | EP#340
Description: Hey everyone, I wanted to share another update on my dividend portfolio and my investing journey. We’ll be covering my recent cryptocurrency & stock purchases, the current market, and all my forms of passive income.
I cover the recent stock buys I went through, share my portfolio breakdown updates, and share my thoughts on the current market. My goal for 2020 was to earn $75 worth of dividends on average per month and now I’m well past that when crypto is included. I am currently making $136.74 a month from dividends. $523.03 of yearly profits are coming from stock investments, $870.64 is coming from cryptocurrency passive income, $98.99 is coming from crypto tokenized real estate, and $72.50 from music royalties. My portfolio is up from $13,481 42 days ago to $16,018 now. My payout didn’t increase by much because there were some corrections I made to my spreadsheet as well as I sold out of some of my riskier investments and invested in safer lower-yielding investments.
Now I don’t recommend you trying to copy my trades because the timing was important, but I do recommend you put in the time to research and track what you want to purchase and this isn’t financial advice.
I invested a little over $2000 and had close to $1000 earned in passive income and appreciation of stocks and cryptocurrencies in the past month and a half. I was saving my money for a bit to build up a nest egg and have now begun to dollar cost average back into the market. I bought more Sun Life Financial and TD Canada Trust stock as well as Saputo (Food & Grocery) and Leon’s Furniture. The first two were to balance out my portfolio more and the last two were to diversify more.
For crypto, I sold out of my small investment in WINK because I just want to stick with TRON for their earning model. I sold out of KCS because the price has been falling consistently and while I took a loss, all my other cryptocurrencies were performing really well. Currently, I’m trying to find platforms or services that allow me to do some crypto lending so I can hold some stablecoins without worrying about their value and get up to 10% APR on them.
This is a link to the last update which you can go and check out: https://lbry.tv/@ScottCBusiness:4/finance:a
My crypto coming in is 100% earned and I will be using a portion of it each month to pay for expenses, one portion will be put into savings, and the rest will be invested into my crypto dividend portfolio. The rest of my crypto is held as savings in the form of Bitcoin and Ethereum but I'm not including that in this portfolio since I'm not generating dividends with them.
Was this helpful for you? What dividend stocks are you investing in? Do you prefer dividend investing or another style? Do you invest in cryptocurrencies that payout regularly? Let me know what you think about this in the comments below and don’t forget to subscribe!