Portfolio update June 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 comes out later than usual because I prioritized helping my brother doing garden work around an investment property he bought recently.

The property has 3000 m2 of land and it needs a lot of work. The outside area has not been maintained for years. It was filled with weeds well above waist level when he bought it. Plants, trees and bushes were fighting each other to reach the sun light.

It took us a while to get down to the soil of this place. Access to heavy duty machinery is a necessity.

We’re already progressing nicely. I think he’ll be able to flip the house within a year or two and make a respectable amount of money from the renovation.

It’s lovely to be in Denmark when the weather is warm and sunny. Especially with close family nearby.

Next month we’ll be moving back to Portugal. Flight tickets have been booked and we already secured a 12 month lease contract on a house. While it’ll be sad to part with those close to us, I look very much forward to seeing our friends in Portugal again.

I hope everything will work out for us even though we haven’t reached financial independence by most frequently used measurements. Combined assets worth just shy of 500k EUR is really not much for a family of 5. But we LOVE our freedom to be able to live our lives as we want. Maybe I’ll start a business dealing with real estate in Portugal, that would be fun.

The future is unknow but I’m sure the universe has something exciting in store for us. I look forward to journey and living the adventure with my girls.

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


Net worth: June 2021

Crowdlending Income Invested Value
Bondora* -126.22€ 6 385€ 4 594€
Bulkestate* 2.52€ – 2 567€ 223€
Crowdestate* 1.42€ 4 851€ 5 868€
Crowdestor* 167.83€ 67 067€ 83 671€
Mintos* 58.02€ 1 496€ 10 402€
PeerBerry* 89.71€ 6 000€ 7 708€
ReInvest24* 6.14€ 1 000€ 1 188€
Swaper* 43.01€ – 5 886€ 75€
Viventor* 0.34€ 4 083€ 3 275€
242.77€ 78 254€ 117 007€
Real Estate Income Invested Value
Property #1 710€ 18 080€ 46 505€
Property #2 1 167€ 61 200€ 68 487€
Property #3 464€ 54 793€ 49 693€
2 341€ 134 073€ 164 686€
Stocks (DEGIRO*) 84 961€ 171 755€
Crypto 10 650€ 21 054€
Cash 12 708€
Total 2 583.77€ 307 938€ 487 213€

Comparing to last month

My Net Worth rose 20 036€ compared to last month. This was primarily due to rising stock prices. I’m getting closer to 500k, will I be able to reach before the year is over?

Crowdlending

Not much interesting to report here. Envestio and Kuetzal investors who reported their losses to the bankruptcy trustee received an email a couple of days ago, where they could see their claim which has been validated in court. Now the big question is what the value of the seized assets is and how much of the claims it will cover.

Real Estate

Not much new in the Real Estate portfolio. All units are rented out.

Stocks

You can track my stock portfolio here.

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

Here’s an example of one of my latest trades:

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

While most other crypto currencies struggle, HEX is marching on. I’ve been waiting for HEX to dip so I could double my position but it has not wanted to come down to the 0.06$ level I was hoping for.

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 0.085$ per HEX that is equivalent to 19.55$ 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.

I’ll invest 10-20k EUR into PulseChain (which is a fork of Ethereum) during the sacrifice phase which is expected to happen this month.

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!

If you enjoyed this post, maybe your friends will like it too? Hit the like button below and/or share it with your friends!

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

26 Replies to “Portfolio update June 2021”

  1. Hi Jorge. I’m very much aware of what is being said about HEX. There’s a lot of ignorant people in the world who like to share their point of view.

    This guy calls HEX a scam and goes on by saying that he doesn’t see a use case for it. Just because he doesn’t see a use case doesn’t make it a scam. Some people still think Bitcoin is a scam.

    I’ll encourage you to read the comments in the link you posted and do your own research.

    1. Well, what is the purpose of HEX and its use case despite earnings more HEX ?
      Matter of fact is there is none.

      Don’t get me wrong, almost every crypto doesn’t have a tangible use case and it doesn’t stop them from doing 10, 100 or 1000x.

      But by investing in a centralized cryptocurrency you run the risk of waking up to a -99% when the CEO decide to pull the plug on you.

      Something that is not possible with BTC,

      1. You might as well ask “What is the purpose of Certificate of Deposits”, one of the most popular products in the finance world. Satoshi owned 100% of Bitcoin in the beginning. The best time to buy Bitcoin when it was the most centralized. Today 42% of Bitcoin is owned by only 2000 addresses, is that really decentralized? It still drops 85% every 4 years. Watch this video, many of your questions will be answered.

  2. Hello Jorgen, Thanks for sharing. Have you had any luck with withdrawing money from FastInvest? I have 4 withdrawals pending since March, not a single euro received…

    1. Hello Matej. I’ve had several successful withdrawals from FastInvest. But just like you, I have 4 withdrawals pending where the oldest one goes back to March. When I asked FastInvest support about it recently, they said they’re awaiting payments from the loan originators to be able to process the withdrawals. I call bullshit. I think FastInvest is a Ponzi now and they need more money from new investors to be able to process the withdrawals. They delay withdrawals even though the money appears to be available in the dashboard, yet they allow the “available cash” to be reinvested into new loans. That’s not how a real business would work. Either the money is available or it isn’t.

      1. Thanks a lot for your reply. My opinion is the same. How comes I can reinvest money but not withdraw, right? 🙁

  3. Hi Jørgen!

    3000 m2 property, that sounds like a dream size, lots of room, and to work on it with your family just great times. I really admire your drive, glad to hear you are coming back to warm Portugal soon. I’d like to give Portugal a try in a few years, hopefully I’ll be at least half retired/financially independent.

    Are the three properties in the same Country or they are split between Portugal and Sweeden? I’m asking because must be hectic to keep track of taxes and currency exchanges, isn’t it?

    Thanks for sharing your experience!

    1. Hi Juan,

      It’s a really nice plot. I’d like to own something similar in Portugal when I can afford it. I dream of having a 3000-5000 m2 garden with lots of fruit trees and lots of room to enjoy nature.

      The 3 properties I own are in Denmark. There’s no tax or currency implications. Tenants pay rent to my Danish bank account and the income will always be taxed in Denmark, no matter where I live.

  4. I am moving all i have from crowdlending sites to crypto. Pancakeswap offers on the autocake pool 100%+ APY (made 6% in 1 month), pancake bunny 185%+ APY and the pancakebunny team right now are launching new services that will generate possibly higher APY mndvault.mound.finance (vault that gathers fees from all of their projects) and qbt.fi (crypto lending)

  5. Hi Jorgen,

    I have a question: how do you proceed when the virtual wallet does not support (i.e. Elrond) a currency from exchange (i.e. Binance)? Do you use multiple wallets? Or do you keep your crypto inside the exchange?

    1. Hi Bogdan. If your favorite wallet doesn’t support a coin you want to own, then you can keep it on the exchange (if you trust them) or you get a wallet that does support it. As they say “not your keys not your coins”, I wouldn’t keep too much on exchanges.

      1. But is it worthy to continously deposit-withdraw between exchange vs wallet? As far as I know there are some fees for every action of this kind. What exchange and wallet do you recommend?

        1. It depends on the fees of what you’re withdrawing. The fees vary from exchange and depends on the coin you’re withdrawing. It all depends on how much you trust the exchange you use. I prefer to hold my own keys whenenever possible.

          1. Which part sounds like a pyramid scheme to you?
            – HEX has 2 security audits
            – HEX is an immutable smart contract. It’s a finished product that cannot be changed.
            – HEX has no referral program
            – 3.69% yearly inflation is built into the contract. Inflation is paid to stakers (instead of miners like in Bitcoin).

          2. You can only get as much money out of this coin as people put in. Its not creating any added value so its not creating $$. The inflation to the coin will cause the price of the coin to drop, unless you manage to convince other people to invest, who then also convince others to invest = pyramid scheme.
            No added value = you invested into air

          3. “You can only get as much money out of this coin as people put in.” Well, of course. To be able to sell an asset you need a buyer. That is true for any currency including Bitcoin and FIAT.

            “The inflation to the coin will cause the price of the coin to drop”. Ethereum’s inflation rate is currently ~4.25% (it used to be higher). Yet the price of ETH went from $90 to 2000$ in 2021. So ETH is a pyramid scheme too? Apparently, low inflation doesn’t seem to be a problem. Inflation doesn’t cause prices to drop. The only thing that makes prices go down is when supply is greater than demand. That goes for any asset. null

            Your definition of a pyramid scheme is wrong. A pyramid scheme pays early investors with money from new investors. It promises one thing but does something different. HEX does exactly what is promises and interest is not paid by new investors. It’s just you and the smart contract, you mint your own coins. The HEX contract will never fail to deliver on it’s promise, as it pays you in HEX. There’s not even a referral program.

            What is the added value of Bitcoin? There’s no use case anymore, besides store of value. It was also created out of thin air, (just like USD btw) and people said BTC was a scam in 2011 and it would go to zero. In fact, some still think Bitcoin is a scam. Yet, people paid $65.000 per Bitcoin at it’s peak.

            HEX is the first crypto currency that offers true time locking and earning interest while doing so. That’s a use case in my book.

          4. What you call certificate of deposite is now just called staking and 100s of coins are doing this in some form, including Ethereum, but most coins at least try to pretend its needed for a reason, hex just claims its needed to ermmmm sit there and produce shitcoins.
            This is no usecase in this coin.

            Shitcoins like this is exactly what caused the Cryptocrash in 2018.

            Ethereum’s use case is smart contracts btw, I bet you had to purchase it to stake your shitcoin.

          5. Staking and locking up coins is not the same. You can unstake the 100’s of coins you’re talking about instantly, get your money back and dump them on the market if you want to. That’s not how CD’s are supposed to work.

            Currencies don’t have to have a use case. The Danish currency don’t have a use case, besides being transferred from one person to another in Denmark. I’d prefer the Euro but hey DKK works too. HEX is just another currency which has the option to be time locked. If someone was to purchase anything from me, I’d gladly accept HEX as a payment.

            HEX is usually purchased using USDC. There’s many bridges which allows trading between all sorts of coins and yes, ETH is one of them.

            I know the use case of ETH, which I like btw. You forgot to tell me the use case for Bitcoin. Blaming alt-coins for the 2018 crash is kind of narrow minded. Crypto crashes every 4 years, natural corrections are part of the game after rising hundreds of percent.

            Why so angry? It’s not a pyramid, it’s not a scam. It’s just you and the smart contract. If you don’t like HEX, don’t use it and move on. I don’t need to convince you, there’s nothing in it for me. I’m documenting my investments, mainly for my own sake so I can look back in 10 years.

  6. Good luck in Portugal. What about buying property in Portugal for rent out ? is that is your plans ?

    1. Thanks Christian. I’m not sure yet. It will depend on the opportunities that shows up. Some areas are ideal for Airbnb and in other areas it would make more sense to renovate and sell. A mix of both would be great.

  7. Dear Jørgen (and others), with regard to investing opportunities in Portugal, if you guys want to pool together, I would be all for it.

    Sometimes I see interesting opportunities, but I sometimes lack the capital and I also don’t want to assume the entire risk. So far, my real-estate investment is in renovating a house in Porto downtown which we rent for international students and a store. It would be interesting to pool resources and invest together. I know of a pretty cheap land plot near Valongo train station which might be an interesting investment if people want to pool together resources.

  8. Thanks for the value you share.
    I’d like to start with cryptocurrency, do you have a post where you explain step by step how to start? Or any recommendations to read. Thanks.

    1. Hi Oscar,
      I have not written any crypto currency posts. If you’re brand new, be very careful in your learning process. There’s endless ways people try to scam and mislead you. Try to Google “Blockchains explained” or “Smart contracts” explained.

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