My Investing Journey with Passive Income and Stock Market investing

Month: November 2020

Cryptocurrency is SOARING

I don’t talk much about Cryptocurrency here on this “channel,” but I’m an avid investor in Ethereum, Stellar Lumens, and Cardano. Personally, I’m more interested in the Defi aspect of things.

These past two weeks has show some INCREDIBLE gains in the crypto markets. Some alt coins are going up over 40% over the last month.


ETHEREUM

First, let’s take a look at Ethereum. Ethereum just so happens to be my largest allocation in the cryptocurrency market. It’s up a whopping 36% in this past month. It is up 256% in the last year. My purchase prices are from $245-350. To think I had some I had bought around $100 and sold…..ouch! There are some things happening in the ETH space with staking and it will be interesting to see if they meet their targets here.


BITCOIN

Next, let us look at Bitcoin. Up over 43% in one month. Up 152% in the last year. Bitcoin eyes taking out a new ALL TIME HIGH. Unfortunately, I no longer own any Bitcoin. To think I bought it around $6500-7000 and sold for a nice gain….if I had only held :). I must say, I’m no longer a huge fan of BTC, despite the recent surge of institutional buying and companies like Paypal/Square adding it to their books.


CARDANO

One of my favorite cryptocurrency plays is Cardano (ADA). It is up over 27% in the past week. ADA is up 257% in one year. I think Cardano is going to be a slow but steady mover. I’m dying to see some price appreciation as my purchase prices have been .10-.14. It is the laggard of my cryptocurrency portfolio but the one that I remain the most bullish on.


STELLAR LUMENS

Lastly, we have Stellar Lumens, up almost 26% in a week. Stellar is my smallest position, but man it made a HUGE move this week. It’s desperately needing some capital appreciation. Up 72% over the last year but seriously off from it’s all time high. My entry points are .10-.11, so I’m in the red with Lumens. However, the more I research Lumens the more bullish I become, despite it going nowhere for some time.

Overall I will just say I think 2021 is going to be a great year for cryptocurrency. I’m anxious to see the developments with Ethereum and Cardano the most. I think Bitcoin price will continue to be driven up by instutional investing for some time; however, I fear it could simply crash again. My main worry is that will take down my “alt coins.”

My timeline with Crypto investing is years. Only recently have I logged back into my accounts. I will literally go months without looking at them and then when the action heats up, I’ll watch them again.

OCTOBER PASSIVE INCOME REPORT

Here is my October Passive Income Report:

Patreon-$113.29

Adsense-$5.34; traffic is down on my music website considerably. Not sure what is going on but ever since I converted to https my traffic has dropped off! This truly affects ad revenue.

Dividends $69.13

Amazon Affiliate $0.18; Once again Amazon continues to be the weakest link, just a few book sales via clicks on my youtube channel.

Credit Card Rewards $6.25

Credit Union Rewards $14.27

Skillshare-$31.52

Digital Products $12.55; had a few TAB sales but most were of the lower priced tier, so it didn’t amount to much.

Youtube $29.28; It FINALLY happened, I’m able to monetize my music channel on youtube. Looks like that is going to net me around an extra $30 per month.

TOTAL PASSIVE INCOME FOR OCTOBER is $278.62

This is a little less than last month, largely because I didn’t make any video sales through TEACHABLE as normal. I still have my prize on making over $350 in passive income over the next couple of months. I think I got this now with the extra Youtube ad revenue.

Powered by WordPress & Theme by Anders Norén