Wealth Building & Income Update – August 2017

August was a fun month for me, but let’s see how it was financially with this months Wealth Building & Income Update.

Last months passive income was £11.99. This month there is a small dip to £8.25 (Note to self: try to stay calm).

August

Source

Amount

Dividend

£2.05

Bank

£0.00

RateSetter

£1.03

Property Partner

£5.17

Other

£0.00

Total | Change

£8.25

-31%

 

Apple alone provided the dividend for this month. Dividends income should improve for September through to November.

Income from Property Partner is growing steadily if we disregard the one-off promotional payments from last month.

Month

Dividend

Bank

Property Partner

Rate Setter

Other

Total

June

£26.10

£3.00

£3.70

£0.90

£0.00

£33.70

July

£2.09

£0.00

£8.88

£1.02

£0.00

£11.99

August

£2.05

£0.00

£5.17

£1.03

£0.00

£8.25

Total

£30.24

£3.00

£17.75

£2.95

£0.00

£53.94

Fingers crossed September brings an increase.

In terms of the overall portfolio, Crypto surged since last month and stock decreased slightly.

Portfolio Tracker – 1/9/17

Month

Stock

Ratesetter

PropertyPartner

Seedrs

Crowdcube

Crypto-coins

WiseAlpha

Other

Total

July

£9,895.62

£354.31

£1,790.72

£93.26

£330.00

£372.93

£301.48

£0.00

£13,138.32

August

£9,705.19

£355.38

£2,056.24

£108.85

£360.00

£646.42

£303.26

£0.00

£13,535.34

Nothing too exciting. Just need to keep buying and keep reinvesting income. Roughly £360 was used to add to the portfolio in August, I’d be happy to keep this up but I’m sure life will get in the way of that!

Thanks for reading.

 

Wealth Building & Income Update – July 2017

July is now done which means it’s time for a brief look at my passive income and portfolio size for the month.

These updates will become more detailed and insightful as I gather more data.

Last month, I made £33.70 in passive income. This month sees a vast decline due to a lack of dividend payouts for me.

July

Source

Amount

Dividend

£2.09

Bank

£0.00

RateSetter

£1.02

Property Partner

£8.88

Other

£0.00

Total

£11.99

Only Disney paid me dividends in July. Months like this only remind me that I need more dividend stocks in my portfolio.

Stupidly, I missed out on a free £3 from my reward current account because I accidentally went above the overdraft buffer.

Guess I’ll have to be more organised going forward. It’s never fun to miss an open goal.

RateSetter takes a small step forward from 90p to £1.02. It’s strangely satisfying to smash through the £1 mark.

Providing £8.88 this month, Property Partner has seen a jump of 140% from last month. However, this level will not be sustained as it is mostly due to one off payments from special offers a year ago.

Month

Dividend

Bank

Property Partner

Rate Setter

Other

Total

June

£26.10

£3.00

£3.70

£0.90

£0.00

£33.70

July

£2.09

£0.00

£8.88

£1.02

£0.00

£11.99

Total

£45.69

The table shows the situation so far. My income shrunk by 64.4% but I am not bothered. Just need to keep buying.

Taking a look at my overall portfolio, it’s obvious that there is a lot of work to do.

Portfolio Tracker

Month

Stock

RateSetter

Property Partner

Seedrs

Crowdcube

Crypto-coins

WiseAlpha

Other

Total

July

£9,895.62

£354.31

£1,790.72

£93.26

£330.00

£372.93

£301.48

£13,138.32

The above figures are based on current valuations which can quickly fluctuate so the table is best taken with a pinch of salt.

My immediate portfolio goals are to reach 10k on individual stocks, begin index investing with Vanguard and to continue to find disruptive new platforms to invest on.

Am I missing any tricks? should I invest more into crypto? should I just give up??

Definitely jump in the comments if you have any ideas that may be beneficial to my growing empire. Equally, let me know how July was for you and your portfolio⇩

 

Passive Income For June: Patience Is Key

Man, I’m so glad to be a patient investor. Patience is my secret weapon to fuel the growth of my passive income.

My passive income can be low now but with patience I will watch it grow for years and years.

In June I took in a modest sum of £33.70. This was actually one of the good months!

Source

Amount

Dividend

£26.10

Bank

£3.00

RateSetter

£0.90

PropertyPartner

£3.70

Other

£0.00

Total

£33.70

As shown, the bulk of the £33.70 came from stock dividends. Theres something so sweet about dividends.

Being paid for owning part of a company – how?

Sadly, not all months are like this as most dividend-paying companies  pay out quarterly at the most.

The £3 from the Bank is the monthly reward for chosen current account.

RateSetter really is a strange one. Although 90p income isn’t anything to blog about. Along with the interest generated, I also received £86.56 of my own money back to reinvest (or withdrawal if I felt that way). I will be posting a full review of RateSetter soon but you can see for yourself in the meantime by clicking here.

Income from Property Partner was decent enough.  I’m hoping to see a nice increase on next month if I am able to secure all of my enhanced dividend pre-orders.

So theres month one complete. £33.70. Im happy, many will be underwhelmed but I remember when my passive income was £0, so I’m good. With patience I will continue to grow my portfolio and monthly income.

Do you know a strong source of monthly income that I should be tapping into? let me know  below!

Disclaimer