My Investing Journey with Passive Income, Stocks, and Cryptocurrencies!

Month: January 2021

Buying more VeChain and Cardano

Today the Crypto market saw a pretty good correction. BTC going from 40K to 30K very quickly.

In this video I discuss what moves I’m making.

I’m buying more Vechain and Cardano first and foremost. My Stellar Lumens is holding up very well, but I’m not adding to it yet. I think we could see a further decline with it.

Stockwise-I’m adding to Citizens Financial Group, Fortinet, Medical Properties Trust, and Uber. Talk about a group of stocks unrelated 😛

YEAR OF 2020 in Review

My Total Passive Income for the year was $3300. $1315.63 of that came from dividends; therefore, dividends represent 40% of my PASSIVE INCOME.

DIVIDENDS

I saw a 37% increase in my dividends in my brokerage account. My retirement accounts only saw a 7% increase. However, that is to be expected as I am maxed out on how much I can add to my retirement accounts (no 401K for me!).

I made $683.01 from stock trades this year. Only $214.56 were short-term capital gains. I am not much of a trader, I might do a swing trade once every two months or so. I’m more of a long-term investor.

After running the numbers, it appears I increased my TOTAL NET STOCK/EQUITY worth 32.56% this year. This means that I now have that much more in the markets than I did at the end of last year. Some of this is due to Capital appreciation, some is due to contributions. I will give an EXACT PERFORMANCE number here in a week or so, after I get the data from my broker.

GOALS

1)Reduce the number of positions in my brokerage account to 15

2)Add another 10K into investments

3)Get my Patreon Passive Income up to $200

4)Increase my monthly Youtube income to $75

5)Create some sort of Ripe for Investing product. I have NO IDEA what this will be yet

6)Increase my investment in Silver Age Graded Comic Books. I want to add more hard asset, collectibles to my portfolio. Some unopened Pokemon boxes will be added as well

7)I believe we may be facing a sideways market in the next year or two, so I think I’m gonna invest a bit more into dividend stocks. For the last 7 months I’ve been heavy in NON-DIVIDEND stocks, so I want to change course a big.

Some final words:

December is looking fantastic; so far, it looks like I will pass the FIVE HUNDRED DOLLAR mark. I can’t believe it, just a few months ago, my goal was to pass $300. I’ll be bringing you that report on the second week of January, so stay tuned.

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