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.
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:
To all my readers and followers. Happy New Year everyone!
It’s time to wrap up the year and see how my portfolio performed in the last month of 2019.
But before we continue I’d like everyone to take a chill-pill. I get way too many emails and messages from people who are worried by the slightest hickup.
Crowdlending platforms are high-risk investments! If you’re not prepared for some rollercoaster action you should probably invest in something else.
Yes, I follow the sector closely. Yes, I visit platforms, engage with the community etc. In fact, I do everything I can to be the guy who has the most insights into the Baltic crowdlending industry. But in the end, please keep in mind;
Please join our group in Telegram @ t.me/KuetzalDiscussion for comments regarding Kuetzal. The comment section gets filled up too quickly here.
Is Kuetzal a scam? Is Kuetzal a fraud?
These questions are often posted in many private forums and Facebook groups these days. I think it’s time to share my concerns about Kuetzal with my readers. EDIT: It’s not really a question anymore, it’s more a statement.
I have been investing with Kuetzal since 13.05.2019, so about 6 months. It’s a much shorter duration than many other platforms in my portfolio. Unfortunately, I keep finding things I don’t like.
I’ve discussed most of the issues with the former CEO Alberts, who have been giving his best explanation every time. There’s probably a logical explanation to some of the concerns, I just don’t see it! EDIT: There’s no logical explanation.
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Aaaalright financial freedom seekers from all over the world. Here we are back again with a new Portfolio Update for November 2019.
Airplane tickets are bought…
Our apartment contract has been terminated…
We will move from Denmark to Portugal on February 15th!
Reality is coming closer. Could you imagine leaving everything behind, except for your closest family and whatever you could fit into your suitcase?
I was just about to write some more thoughts about this subject, when I realized something… Why not make an entire post series called “Moving to another country to FIRE earlier”? It could be an interesting read.
I think I will do that and focus on MONEY in the portfolio updates.
Here’s what my investments brought in while I was busy sleeping.