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⇩

 

3 Replies to “Wealth Building & Income Update – July 2017”

  1. Just stick to your strategy. That works out long term. If you keep changing up the strategy, you tend to not make as many gains. Investing is a waiting game after all. Nice to see so much diversification on what earns you passive income. You should hit 10k any time. The amount may be down now, but it is an off month. Just keep making quality buys and stick to the strategy.

  2. Congrats on the dividend income. As I have mentioned many times on my site, the hardest part is getting started. People see only minimum amounts hitting their bank account in the initial stage and give up. The key is to keep going and keep reinvesting that passive/dividend income. Before you know it, your passive income will snowball. Great to see you own Disney as well – a real supercompounder of a company.

    1. Thanks! I’ve been checking your blog for a while now. I started investing in 2015 and I’ve already seen solid growth.

      Yeah – got to love Disney, I’m convinced it’s a long term keeper!

Speak your mind :)