This obviously isn’t ideal, but I’m happy to be prudent and patient. Instead of buying assets with money I don’t have. Income from the side job is not set at a certain amount so I am ready for the fluctuations.
I’ll be back next month with some sales in the bag.
Be sure to let me know of any other ways I can side-hustle my way to extra income in the comments below.
Dividends came in from Apple (£2.28), BT (£17.95) & Daily Mail General Trust (£2.53). I’m not a Daily Mail reader, I just like the stock.
Last February, I made £12.25. A sweet increase.
A note of interest, Apple paid £1.92 in the same period last year. The jump to £2.53 is because I got my withholding tax reduced to 15% from 30% by completing a W-8BEN form. Get on it if you have American dividend payers!
The Patient Portfolio
I decided that my portfolio needed a name to help bring it to life and give it character.
From here on, it will be known as The Patient Portfolio. Firstly, because alliteration just works and secondly because patience is central to my thinking.
The plan is long-term & the grind is constant.
The Patient Portfolio
Saved in month
What should stand out is the lack of investment in February. Don’t worry, I didn’t gamble all my money away or anything like that. I’m sitting on some for investments down the line & my side hustle income declined in February so I focused on research instead of buying.
Research and reading is often the best investment anyway.
The above helps to explain the relatively small MoM increase. The much-hyped stock sell-off was also unhelpful as it made my stock value shrink.
These things happen, though. I’m not stressing.
To wrap up, let’s see the visual for February:
Thanks for passing by, let me know any stocks that I should be looking at for the rest of the year ⬇
Hello intelligent reader, I appreciate you being here.
There are 2 crowdfunding opportunities that have caught my eye that I want to shine a light on. These are Appetise on Crowdcube and Investly on Seedrs.
Appetise is an online takeaway marketplace which is trying to compete with the dominating force in the industry, Just-Eat.
It’s an interesting pitch. The company is owned by asset management firm, Bergen Asset Management & has been in operation since 2008 (so sadly no EIS).
There are a few key advantages that Appetise has over FTSE100 company, Just-Eat:
no fee for customers when ordering
smaller commission charge than Just-Eat for restaurants
no joining fee restaurants
hygiene ratings for all restaurants
loyalty point scheme for customer
As you can see, the main advantage of Appetise for restaurant partners and customers is that Appetise charges less than Just-Eat.
The plan is to set up a competitive presence in Birmingham & then spread across the country city by city. I’m also impressed by the strong management team they have in place.
Investly offers a marketplace for invoice financing. Companies awaiting payment via invoice can sell these invoices for quick cash. Investors (invoice financiers) enjoy an annualised average return above 10% & relatively quick returns.
EIS is available for UK investors for this investment.
Heres what has me bullish on Investly:
operations in the UK & Estonia (diversified risk)
Impressive growth in 2017
strong advisory board
strategic partnerships with Telema e-invoicing platform & KredEx (owned by the Estonian government)
strong position to benefit from Open Banking
no fee charged to investors
Both companies excite me. There’s great potential there but the risk is extremely high too.
I’ve decided to invest a small amount into Appetise. This business could really take off with the right marketing. Low capital expenditure will help the management team focus on increasing the customer base & restaurant partners.
Having said that, Appetise is a long way from its 500k target with 11 days left of the campaign so this could be for nothing! Hopefully, some big spenders come through last-minute.
I’m now a fan Investly, they have a service that could benefit me as an investor & potentially be of use to the company that I work for. Before I invest, I’ll need to find out more about the invoice financing sector as I am not too familiar.
Investly will be pitching at a Seedrs event I’m attending this week. I’ll have a chance to ask them any questions directly then!
Both online pitches will be below for you to check out. let me know your thoughts on these opportunities & remember this is not investment advise! Please check the site disclaimer.
There’s a bit of luck involved here as there was plenty of work available in the side job which isn’t always the case. Cant complain, just have to take the smooth with the rough.
It was a good month for the Job Spotter app, £10.67 is pretty good for simply taking a few pictures. I’ll admit, it’s a bit awkward when people are looking at me as I take pictures of the ‘help wanted poster’ & the company signage. But it’s literally just a few seconds & I’m gone!
I had 2 car park audits for Task360 which took a few minutes to complete. Easy money for sure.
No sales this month! I kept it in there as seeing the £0.00 figure will motivate me to get selling. There’s nothing stopping me, right?
So there’s January in the bag, a strong start to the year. Did you do any hustling this January? Let me know how it went below!