Wealth Building & Income Update – March 2018

Hello & welcome back to another Wealth Building & Income Update.

A quick note to bloggers, if you do monthly passive income or portfolio updates like I do, drop the link in the comments below so I can check them out!

I hope March didn’t see you snowed in. London didn’t deserve to be that cold in my opinion!

patient portfolio

Let’s get straight to the wonderful passive income.

Passive income for March

Source

Amount

Dividend

£53.53

Bank

£3.20

Property Partner

£8.44

Rate Setter

£1.50

Grand Total

£66.67

Dividends came in from 9 different companies! too many to list, see below:

dividends

I love the 9p from Nvidia as much as I love the £26.18 from  Easyjet <3

Last year, the total for March dividends was £51.16 from just Easyjet and BP. Since then, Easyjet had to reduce their dividend and I sold some BP shares to help rebalance….

The Patient Portfolio.

as you should know, my portfolio goes now goes by the name above. As I’m in this for the long term, patience is crucial to my investing success.

With that said, March was a bad month! see below

patient portfolio

My first ever month on month decrease. Help!

As you can see, the main drops came from holdings in crypto and stock.

Crypto

My Crypto holdings seem to be dissipating faster with each passing month! I spent £140 on crypto in March yet still ghastly loses. However, I’m bullish on crypto for the following reasons:

  • The crypto markets tend to follow Bitcoin, if Bitcoin can trend upwards again then the other coins should follow.
  • There is a lot of work being done to improve the Bitcoin network to increase utility. The Lightning Network has attracted a lot of mainstream investment. Others are also working to improve the Bitcoin network.
  • A lot of the tokenised projects are not yet fully operational. Once projects like Experty & Fortuna are working then they should see increased demand.
  • Increased scrutiny of ICO’s and crypto marketing should help weed out scammers.

Of course, I could be fooling myself when it comes to crypto & the ship could continue to sink. Either way, I have the patience to wait it out.

Stocks

My stocks took a hammering in March. As far as I’m aware, it was mostly due to brewing trade war headed by President Trump.

To be perfectly honest, I don’t care. I’m moving to a Vanguard ISA which will mean buying the index instead of individual stocks. I’ll still buy the stocks that I like, but I’ll be focussed on index investing.

Heres the visual for March:

patient portfolio

Thanks for passing by. I hope April is a good month for you and your portfolio!

2 Replies to “Wealth Building & Income Update – March 2018”

  1. No worries, the recent volatility makes for some nice opportunities. Also it’s a good emotional test to see how we fare when the correction really comes.

    As crypto are concerned. I hope we can all have a good laugh at the end of the year, because it’s really not funny at the moment 🙂

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