Time for another update on my dividend portfolio and my passive income investing journey in stocks and crypto. We’ll be covering my recent cryptocurrency & stock purchases, tokenized real estate, lending, 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 about $109 a month from passive income. This is about $9 more than last month. While I’ve made more deposits and investments lately, I’ve continued to make some more conservative changes and move around my crypto in my staking portfolio. I’ve deposited about $2,350 since the last video in my stock trading accounts and sold off several coins from my crypto portfolio.
I’ve shifted my entire investing focus to be something like 50% crypto, 40% stock, 5% gold, and 5% in reserves but I aim to get more gold and crypto moving forward. I’ve begun to dollar cost average into bitcoin, gold, and stocks and up all of my regular investment deposits. This is inline with earning more money and saving 65% of my income and investing it which I will cover how I do that more in another series.
About $760 of yearly profits are coming from stock investments, about $296 is coming from cryptocurrency passive income, $115.54 is coming from crypto tokenized real estate, and $72.50 from music royalties. My portfolio is up from $17,577 one month ago to $18,491 now. Keep in mind, I also sold out of half of most of my crypto investments and made a lot of changes to my crypto portfolio. I continued to sell out of some of my riskier investments and invested in safer lower-yielding investments.
I invested a little over $2,300 and earned $22.85 CAD from stock dividends, about $6.30 USD from crypto real estate, and $19.76 USD from crypto lending & staking the past month. Note that in the video, I hadn’t converted my crypto earnings into CAD yet. In total, I have earned $135.42 CAD from crypto and over $226.97 CAD from stock dividends.
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.
Previously I was saving my money for a bit to build up a nest egg and have spent the last couple months dollar-cost-averaging into the market again. My recent stock sells were: 50 Plaza Retail REIT, 10 Manulife Insurance, 30 Firm Capital Property REIT, 50 BTB Real Estate Invstment, 10 Pembina Pipeline, 10 in VRE, 10 in XRE, 10 in Canadian Utilities, 10 in Imperial Oil, 10 in Keyera Corporation, and 10 into SmartCentres Real Estate. These buys were mostly based on price opportunity and focused mainly on oil and real estate. I also have made some of these buys on a new exchange I’m using called QuestTrade. It has $5 trade fees instead of $10 which is what I pay with my bank, so it will be great to test out another exchange and diversify where I invest a little bit as well. I will also be testing out the WealthSimple platform soon too for $0 fee trades and automatic reinvesting.
For crypto, I’ve made dramatic changes to my portfolio. I’ve sold all my BTT and withdrew that money to invest elsewhere. For ARPA and TROY tokens, I sold those and invested that into the other coins I have that are performing well on Binance like LOOM, FET, ALGO, and XTZ. The money I withdrew will be invested elsewhere and or saved as ETH or BTC in my savings. BTMX continues to be my best performer and bring me tons of USDT.
Now that I’ve been lending a bit, I can report that it’s going smoothly and I earned a whopping $6.63 CAD worth of crypto during August from lending which is a good start. This will continue to compound and earn me more. I will do another review of all the lending platforms soon but this video shows my first impressions: https://lbry.tv/@ScottCBusiness:4/lending:5.
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, Ethereum, and a few other coins, but I'm not including that in this portfolio since I'm not generating dividends with them.
My next big move is still to continue exploring and looking into crypto tokenized gold. Please leave your recommendations and look out for that in the next update or two.
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? Have you tried crypto lending? Do you invest in crypto tokenized gold? Let me know what you think about this in the comments below and don’t forget to subscribe!