Portfolio update July 2021

Portfolio update P2P investments HEX crypto Bulkestate Reinvest24 Viventor FastInvest Swaper Robo.cash Mintos Bondora Crowdestor Crowdestate Grupeer PeerBerry Wisefund review



Dear fellow investors, friends, family and future self.

This update is out much later than usual because we moved to Portugal again. First by train to Copenhagen and then from Copenhagen to Lisbon by plane. I can’t say I enjoy carrying that much luggage but it was worth it when we arrived.

The view from my “office” (corner of the living room) is decent, especially comparing to the view I had when I was in a regular day job. Sitting by the window while enjoying the warm breeze is something else.

Regarding finances, the biggest highlights since last month’s update are:

  • I lost lots of money on stocks mainly due to China regulation changes.
  • I sacrificed ~10k EUR to get into the cryptocurrency PulseChain.
  • Viventor announced wind down.

Here’s the overview of my finances from last month:


Net worth: July 2021

Crowdlending Income Invested Value
Bondora* -93.66€ 6 177€ 4 541€
Bulkestate* 2.52€ – 2 567€ 226€
Crowdestate* 2.85€ 4 851€ 5 871€
Crowdestor* 3.85€ 67 067€ 83 675€
Mintos* 13.99€ 1 073€ 10 007€
PeerBerry* 90.79€ 6 000€ 7 797€
ReInvest24* 7.21€ 1 000€ 1 196€
Swaper* 2.91€ – 5 886€ 78€
Viventor* -1 812.68€ 4 083€ 3 303€
– 1 782.22€ 77 624€ 116 695€
Real Estate Income Invested Equity
Property #1 710€ 18 080€ 46 505€
Property #2 1 167€ 61 200€ 68 487€
Property #3 464€ 41 383€ 49 693€
2 341€ 120 663€ 164 686€
Stocks (DEGIRO*) 84 961€ 124 718€
Crypto 20 650€ 33 451€
Cash 2 212€
Total 558.78€ 303 898€ 441 764€

Comparing to last month

My Net Worth dropped 45 443€ compared to last month. This was primarily due to Chinese stock prices dropping from regulation changes.

Crowdlending

PeerBerry*, ReInvest24*, Swaper*, Robocash* and Bulkestate* performs nicely as usual. Most others are currently not worth mentioning.

Crowdestor* has introduced a new investment product called CROWDESTOR FLEX*. It’s a fixed income product yielding 12% p.a. Interest is paid out daily and withdrawals are available at any time.

Currently, new CROWDESTOR FLEX investments are not accepted due to more active interest than expected. They are working on portfolio diversification in order to meet the demand.

Real Estate

All units are rented out, except the unit we lived in, in the third property. The bathroom needs to be extended and renovated before it can be rented out because it doesn’t have a shower yet.

In the second property, I had the bathroom painted in the apartment on the ground floor. It’s amazing what a bit of paint can do!

Stocks

My stocks have been dropping like a rock in the past month. China introduced new rules, forcing all education companies to be non-profit. That announcement ruined my GOTU stock investment which dropped 85% in 2 days following that news. Other Chinese stocks have been hurt as well due to fearful investor sentiment.

You can track my stock portfolio here.

Follow me on Twitter to get live updates when I make a trade!

I buy my stocks and trade on DEGIRO*, which I consider the best and cheapest no-bullshit broker in Europe. If you use this link* to sign up we will both receive a 20€ in transaction reimbursement (fee deduction).

Crypto

The price of HEX doubled from 0.08$ to 0.16$ since last update and 4x’ed from where I bought it at 0.04$.

HEX probably has the best looking chart in crypto. I challenge you to find a better one.

Earning trustless interest every day on my 10 year HEX stake is quite amazing. My stake is generating ~230 HEX per day. At the current price of 0.163$ per HEX that is equivalent to 37.49$ per day.

If you own HEX (or plan to) you should definitely check out the Staker app. It has a lot of cool features, is free to use and it’s ad free! You can get a new HEX wallet directly in the app or connect your existing MetaMask wallet.

Screenshot from August 3rd.

I sacrificed ~10 000€ into PulseChain on day 5, and I expect to receive ~120 million Pulse tokens when PulseChain in released in a couple of months. The value of the Pulse token will be determined by the market, thus I have not included it my crypto portfolio value (because it doesn’t technically exist yet).

If you didn’t get in during the sacrifice phase, there’s no way to buy it until it’s released for public trading.

You can see my crypto portfolio here.

Free EUR bank account with no fees

I use N26 to transfer to and from my investments. It even comes with a free debit MasterCard. N26 is by far my favorite banking provider!

N26 bank account

That’s it for this month!

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P.S. When you comment, please use your real name (first name is enough).

16 Replies to “Portfolio update July 2021”

  1. Heya there Jørgen,
    I’m glad you once again are trying to move to Portugal and start over there one more time. I hope it all works out.

    On the other news, just saw an article about Crowdestor being a scam, or at least something very fishy is going on …
    You can read it here, at least part of it – https://arileht.delfi.ee/artikkel/94310975/rahapesu-kahtlusega-uhisrahastusplatvormi-ahvardab-sulgemine

    Is this something new to you or did you know about this, care to comment?

    Cheers.

    1. Hi Lukas,
      Without access to the entire article I cannot give a meaningful comment. All I know is that Crowdestor has provided financing to some problematic projects but that in itself doesn’t make Crowdestor fraudulent. You should try to get a comment directly from Janis Timma, CEO of Crowdestor. He often answers questions in the Facebook group.

  2. Welcome til Portugal again Jorgen! My mother moved here from Denmark in 1964 and has lived here ever since! Would be happy to meet up if you fancy exchanging ideas on financial independence.

    It feels like a good time to be here, and I wish you and your family all the best for round 2!

    1. Hello Martin. That is fun to hear! I’d love to meet some day. Where do you live now? I’m on the Silver Coast not too far from Caldas da Rainha.

    1. Thank you Morten, it’s great here 💥Congrats on the second restaurant in Copenhagen, I wish you all the best!

  3. Hi Jørgen I have been following you the last 2-3 years, and I must say I am very impressed with your Realestate investments. They seem very stabile and makes a very good return. Have you considered a stock portfolio with a lot more dividends paid out ? must be cheaper in taxes in Portugal, and the create a a steady income.

    1. Hi Balder. I’m happy with my real estate portfolio as well, it brings another level of stability to my monthly income. Dividend investing is a valid strategy that many investors use. It’s a more conservative approach than growth stocks. If a company can afford a dividend payout it has limited growth potential. I rarely buy a stock based on it’s dividend payout.

      1. Dividend stocks has limited growth potential? tell that to Novo Nordisk or Starbucks or Apple or xxxx other dividend stocks. The misconception that dividend payouts means less growth (due to not investing that money in the company instead) has been prevalent for too long. There are plenty of stocks that are both growth, value and dividend stocks. Dividends can also but used for stability, tax, investor relations improvement etc. which can increase trust and healthy management inadvertently raising the stock price. Dividend payout equating to inability to invest is an incredibly simplified view of a business.

        1. I won’t turn down a stock because it pays out dividend. Mostly I’m happy about dividends. My point is, I’m not picking a stock because of it’s dividend payout. If it pays a dividend, fine. If it doesn’t, it’s also fine. I’m not looking to have a dividend heavy stock portfolio just for the sake of more dividend payouts because I think it would affect the overall return of my portfolio.

  4. Sorry but PulseChain and HEX looks like they are both worthless tokens, how could you invest so much money in both of them?

    1. Worthless? HEX has 5x’ed in price since I bought it. It keeps making new all time highs. PulseChain has not been released yet, so how do you value it?

      1. HEX is just a ERC20 Ethereum token. It has zero value in terms of technology innovation and utility, so I think that will also be its price in the long term. PulseChain is just an Ethereum fork made by the same people behind HEX, a fork like the Binance Smart Chain. Again, zero technology innovation and questionable utility. Overall I think your crypto portfolio is extremely unbalanced towards very risky projects, but that’s just my opinion!

        1. HEX is the world’s first blockchain CD with true locked staking. Zero utility? The market seems to disagree.

          PulseChain is a fork of Ethereum, which has several improvements over ETH and Binance smart chain.

          I’m not looking to have a balanced crypto portfolio I’m looking for 100x opportunities. Those are my picks and my conviction grows every day.

  5. Hi Jørgen
    Thank you for sharing your investment endeavors/ideas. I really enjoy reading about other investor’s perspective/strategies especially when they are so transparent as you.
    I am especially thankful for you mentioning the HEX investment. I had to do a lot of research on HEX (I am mostly in stocks). I found the stacking mechanics/incentive are designed very well and the community around HEX is simply outstanding, so I got in at around 8 cents. I also ended up sacrificing for Pulsechain.
    What’s your thoughts on the next 2-3 months? Buy more HEX and get free (p)HEX airdrop? or save the cash to buy more pulse right after “Go—live”?

    Br. Jakob

    1. Hi Jakob,
      Thank you for following my journey! I’m also excited about HEX/PulseChain. My thoughts about the next 2-3 months… If HEX drops below 20 cents before the snapshot (highly unlikely in my opinion) I might buy more. However, as we’ve seen in most instances, the best time to buy HEX could very well be now! My plan is to wait until PulseChain is released and if it drops within the first 30-60 days, or the price stays close to the sacrifice value, I’ll add quite a lot to my stack. Many people expect the Pulse price to be 2-3x or more right off the bat, so it might not happen. We’ll see…

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