Wealth Building & Income Update – October 2017

Check me out, bright and early with the Wealth Building & Income Update for October.

To begin with, let’s take a look at this lovely passive income:

Passive Income For October

Source

Sum of Amount

Bank

£3.00

Dividends

£10.97

Property Partner

£6.02

Rate Setter

£1.23

Grand Total

£21.22

Dividends came in from Diageo (£8.09) and RIT Capital Partners (£2.88).

Property Partner income continues to grow steadily, up from £5.59 last month. In October of last year, I made £1.87 on Property Partner! Consistency clearly pays off.

Moving forward, I will be committing fewer funds to Property Partner as they have increased their minimum deposit from £50 to £250 – without warning, might I add.

I will switch to Auto-invest where the minimum deposit is £50 per month and any un-invested funds will receive 5% interest!

By reducing investment in Property Partner and other forms of alternative investment, I can continue to move towards Index investing.

Passive Income to Date

Month

Passive income

June

£33.70

July

£11.99

August

£8.25

September

£76.88

October

£21.22

Grand Total

£152.04

Wealth Building

Largely due to my trip abroad this month, I cut down on new purchases in October. I will try to continue this trend moving forward to focus more on getting started with index investing, I may have mentioned this already?

My crypto-coins have surged as you can see. Bitcoin has been on a real roll and doesn’t look like slowing down just yet. Part of me is hoping for a crash in the price so I can buy more.

A notable buy this month was a small stake in Assetz Capital (a company I want to use… after I’ve started index investing) via its equity crowdfunding campaign on Seedrs. Assetz Capital is a p2p lending company which has lent 110m to businesses in the last 6 months alone.

Portfolio Tracker

Month

Snapshot date

Stock

Rate Setter

Property Partner

Seedrs

Crowdcube

Crypto-coins

WiseAlpha

Other

Total

Monthly increase

Purchases

Saved in month

July

05/08/2017

£9,895.62

£354.31

£1,790.72

£93.26

£330.00

£372.93

£301.48

£0.00

£13,138.32

n/a

£320.00

August

01/09/2017

£9,705.19

£355.38

£2,056.24

£108.85

£360.00

£646.42

£303.26

£0.00

£13,535.34

3.0%

£469.79

£325.00

September

01/10/2017

£9,824.55

£366.27

£2,234.89

£155.92

£380.00

£670.45

£405.30

£70.00

£14,107.38

3.7%

£480.66

£320.00

October

31/10/2017

£10,205.37

£402.50

£2,295.37

£176.47

£380.00

£867.43

£407.76

£70.00

£14,804.90

4.9%

£111.75

£320.00

Total

£1,062.20

£1,285.00

There have been a few updates on the tracker worth mentioning. Firstly, snapshot date has been added to show the actual date that the data is taken from.

In addition, Purchases and Saved in month columns have been added. Purchases show how much is being spent each month on growing the portfolio and Saved in month shows the cash saved outside of the portfolio.

I think these additions help give a wider context to my financial position.

I hope this post has value to you. Be sure to keep track of my progress and share with a friend that’s currently not investing!

Wealth Building & Income Update – September 2017

wealth building & income report

Better late than never. I hope!

September was a work-a-thon for me which will show in the upcoming  Side Hustle Summary.

I’ve only just got back from a week each in Miami & Montego Bay so I’m refreshed and ready to crack on.

First, a look at the passive income made in September.

Passive Income For September

Source

Amount

Dividends

£66.98

Bank

£3.00

RateSetter

£1.31

Property Partner

£5.59

Total

£76.88

Big improvement here on last month but I won’t get too excited, progress is progress. the dividends came from BT (£32.71), Unilever (£1.91), Legal and General (£2.02), BP (£15.62) and Lloyds Bank (£14.72).

In addition, It’s nice to see healthy growth from RateSetter. The growth is mainly due to improved lending rates on the platform.

Passive Income To Date

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

September

£66.98

£3.00

£5.59

£1.31

£0.00

£76.88

Total

£105.31

£6.00

£29.36

£4.26

£0.00

£130.82

Portfolio Tracker

Month

Stocks

Ratesetter

PropertyPartner

Seedrs

Crowdcube

Crypto-coins

WiseAlpha

Other

Total

Purchases

Change

July

£9,895.62

£354.31

£1,790.72

£93.26

£330.00

£372.93

£301.48

£0.00

£13,138.32

n/a

August

£9,705.19

£355.38

£2,056.24

£108.85

£360.00

£646.42

£303.26

£0.00

£13,535.34

£469.79

3.00%

September

£9,824.55

£366.27

£2,234.89

£155.92

£380.00

£670.45

£405.30

£70.00

£14,107.38

£572.64

3.70%

What may stick out is the £70 sitting in the ‘Other’ category. This is the SNES Classic Mini I bought to sell on. any money made will be reinvested straight back into the portfolio. Hopefully, it’s a quick and easy win.

2 stocks were added to the portfolio in September. these were SSE (8 shares purchased for £117.39) and Daily Mail General Trust (16 shares for £104.59). These additions will be contributing to dividend growth and provide much-needed diversification.

Moving forward, it’s time to slow down with the alt investments and focus on one of my key financial goals: buying index funds. I also want to be more flexible with buying individual stocks and rebalance towards saving.

Property Partner has increased its minimum investment to £250 (it was previously £50). To navigate this, I have opted-in to auto-invest which means my funds will be allocated automatically to new properties and I will earn 5% interest on funds sitting in my account!

That’s it for this month, be sure to keep track of my wealth building journey here.

Do you have a tip to improve my strategy? Or maybe you have a great dividend stock tip? don’t be afraid to let me know below!

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

wealth building & income report

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