Portfolio update – November 2023
How to achieve financial freedom? Through systematic investing. It’s easy to say, but more difficult to maintain consistency. This journal entry is for my future self, to record the entire – long journey, successes, and mistakes I’ve made, rather than just the final result. I hope it will motivate you to build your financial independence.
Summary
The story of a stable month is greatly disturbed by the good performance of ETFs. However, even after deducting them, the profit in November amounts to €330. In next months I will be looking for new positions to invest in.
Portfolio history (last 12 months)
Portfolio summary
| Position | Value | Profit |
|---|---|---|
| Bitfinex Lending | €10 492 | €123 |
| Mintos (EUR) | €13 313 | €147 |
| Mintos (RUB) | €2 747 | €0 |
| Robocash | €11 057 | €63 |
| ETF | €2 703 | €220** |
| Total | €40 312 | €553 |
Bitfinex Lending*
A stable month, the profit percentage gets back to 17-18%.
Chart of all loans from the last month:
Mintos (Euro €)*
I had to make small changes in my Mintos strategy to diversify the portfolio and not keep large sums in one country or company. The result of that is a reduction in the interest rate on new loans to 11.5%. Compared to the current ROI of 14.5%, the difference is significant. The advantage is that it applies to new loans, so propagation should take about a year.
The residual deposit is the result of automatic conversion of closed ruble positions.
Mintos (Rubel rosyjski ₽)*
Position in the withdrawal process. The last IDF Eurasia loans was repaid this month and converted to euros. I can celebrate success, partial success, but still success!
Garść statystyk: Since the war in Ukraine and problems with the payment of rubles, over 270,000 RUB has been withdrawn. So a half of the entire ruble wallet was saved.
Deducting the profit achieved from ruble loans on the Mintos platform (136k). It turns out that the current loss (including profits) is 136,000 rubles, or 1/4 of the portfolio. Under the circumstances of the war’s commencement and the market freeze, the result doesn’t look too bad. Of course, I still count on the repay from the last company Kviku, but that’s a separate story. Currently, the company is in the process of legal proceedings conducted by Mintos.
If you are interested, please visit the Mintos blog where you can follow the ruble thread.
Robocash*
I hiccup with last month’s oversight, where half of the balance remained uninvested. This month the new loans were added.
ETF
Investment in ETFs is still in the testing phase. For now, I do not plan any major changes in this position.
(*) I play open cards. Links marked with an asterisk are affiliate links. If you use them, I will receive a commission. It won’t cost you anything, and often you will get a bonus too – More information can be found on the pages under the specific links.
(**) Due to the nature of the stock market, income should be understood as potential until the position is realized.