Welcome to the ninth (#9) dividend income report, covering earnings I've made from dividend-paying stocks, peer to peer lending (both fiat and cryptocurrencies) in January 2018.
Surprisingly, but January 2018 turned out much better I thought before, an unexpected dividend payment from Silvano Fashion Group boosted total earnings in January, and I was able to generate $100.95 income in a very passive way. Silvano Fashion Group have been in my portfolio since the July of 2017, I literally chased to buy this stock for a couple of days back then.
As usual, I was doing nothing much, just investing in great companies, playing a little bit with cryptocurrencies and lending out money via peer to peer marketplace. Most of the January was on autopilot, just at the start of the month I deposited some chunk of money to Mintos.com peer to peer lending marketplace, bought Lietuvos energijos gamyba and ENERGIJOS SKIRSTYMO OPERATORIUS stocks at Nasdaq Baltics.
See a complete list of things going on behind the scenes and my investment plans for 2018: 2017 in Review and Financial Goals for 2018
Additionally I continued to experiment with cryptocurrency mining, adding new gpu's to my custom built ethereum mining rig, and investing in Hashflare.io cloud mining contracts, but for right now these mining operations don't fit in my philosophy of a true passive income, I'm not planning to add earnings made in crypto mining to these monthly dividend income reports. On the other hand, right now cryptocurrency mining operations make me about $6 - $7 daily if combined and I want more, way more.
See: HashFlare.io Review After 1 month Bitcoin Cloud Mining Experiment
HashFlare.io (Affiliate link here - if you will click, register and decide to invest, I might earn 10% commission from that) - Estonia based cloud mining company
Please note - I'm not a financial advisor, services mentioned in this article use at your own risk and remember your capital is at risk, you could lose some or all of your money.
Also, It should be noted - to finance a purchase of Lietuvos Energijos Gamyba stock I used earnings made on Mintos.com platform in 2017. See: Mintos.com Review After 12 Month of Investing in Peer to Peer Lending
Both individuals and entities can invest through Mintos. Individual investors must be at least 18 years old, have a bank account in the European Union or third countries currently considered to have AML/CFT systems equivalent to the EU, and have their identity successfully verified by Mintos. At the moment, US citizens or taxpayers cannot register as investors at Mintos.
Affiliate link here: Sign up to Mintos.com here. By using this affiliate link for registration both you and I will receive — 1% of your average daily balance which should be paid in 3 installments for the first 90 days.
Remember - investments are risky, never invest more you can afford to lose.
Interest income in January 2018
From investments in stocks, peer to peer lending marketplace Mintos.com and from cryptocurrency lending on Poloniex.com I got following income last month:
- Vilniaus baldai : EUR 5.73
- SILVANO FASHION GROUP AS: EUR 37.8
- Mintos.com: EUR 42.22
- Poloniex.com: EUR 1.63
Total: EUR 87.38 / USD 100.95
Monthly income to the date
January 2018 marks the one-year anniversary since I started this road to the million dollars in savings account journey. Unfortunately, a year ago, the first months of the year didn't generate me much. Just starting with March, April and May the journey started to roll.
Monthly Income chart as of January 2018
Technically speaking in January I've reached one of my smaller goals - Investment Goal #1 - $100/mo from Dividend Payments
Last January also has been third in terms of dividend income with December 2017 and July 2017 being first and second.
It looks like I won't reach $100/mo at least till April/May, on the other hand, I keep wondering will I make more than 200$/mo in 2018? If, then most probably July and/or December.
About investments and return 2018
In January I've invested a total of $1,586.53 what is about 14.8% of the total $10,700.18 planned investments in 2018. Also, I've reached 1.61% in value for my planned 1 million dollar savings account by 2045.
YTD value at the end of January is down by - 8,29% but still positive since the begging in 2017 with a positive 18.31% value growth.
Investment portfolio structure January 2018
Most up and downs in the portfolio are because of the crypto investments. YTD value for investments in cryptos at the end of January was -29.30%. I'm still positive on cryptos in the long term, and this, I would even say, HUGE, very bearish drop for crypto holdings in January, doesn't concern me much. Let's say I see this as a great opportunity to buy the dips.