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.

 

Compounding Success With Bonds on WiseAlpha?

Earlier this year I decided to support the WiseAlpha crowdfunding raise on Crowdcube as it is the type of business that gets my juices flowing.

Disruptive, innovative, democratizing, fin-techy. No one says fin-techy but everyone should get it. The platform allows anyone to get involved in high yield corporate bonds from as little as £100.

I approach all new investment platforms the same way, start cautiously then increase my holding as I become more comfortable. I have split £300 between 3 bonds. This should gross me roughly £21 a year which is about 7% give or take.

If things go well I will obviously add to my portfolio. If things go not so well the n the worse that can happen is a £300 L.

I learn best by doing, bonds can be tricky to understand so WiseAlpha is perfect for me to get to know bonds more thoroughly whilst adding to my passive income.

Have any questions about my WiseAlpha experience or any other investment plans? get at me  on Twitter.

Disclaimer