What a month!!! As we get closer to the end of the year, looks like we are at the brink of a big economic colapse xD. Both world biggest economies are having their own fair share of issues due to debt (one way or another). On one side we have China and their now infamous Evergrande scandal, and on the other (literally opposite things xD) the US running out of dough and struggling to increase their debt ceiling to get them printers printing. What a time to be alive folks!!! What a time!!!
Jokes a side, hope you all had a good September, regardless of where this all takes us I truly hope is not too bad. Chances are in a few weeks we will be just talking about Halloween and we would have left all of this fear and uncertainty behind. I myself had an interesting month, did some buying here and there, got some juicy dividends and pretty good P2P results.
Life itself is going good, summer is officially behind us here in Emerald Island as we've had very chilled days lately. On the bright side, I finally got my tickets to see my family in December. It's going to be almost 2 years without being there, so can't wait!!! All that said, lets get to the numbers September left.
P2P Update
This month my P2P returns were good (better than expected to be honest) setting a new high at €34.63 barely above the peak of June. This result finally ends the down trend that was in place for the last 3 months!!! The savior platforms this time were Peerberry and (ironically) Mintos, particularly Peerberry setting a new maximum at €10.23 \o/.
Despite the other platforms having reported results lower than the previous month, the avg annual yield remained strong above 10% siting at 11.17%.
Looking at delays and dragging graphs, there hasn't been any major revelations. Peerberry did improve the current loans, now sitting at 88% so that's good news.
Mintos, despite showing positive results for this month, is still showing serious signs of distress in my loans. Current funds have slightly increased to 68%, from the 63% of the previous month but still too low for me to be happy about it.
All things considered the P2P portfolio seems to be doing ok, can't wait to see the full returns of the extra euros I put in the platforms last month.
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Dividend Update
Leaving P2P aside... Oh my oh my, dividends have been nice in September. Reached by far the highest dividend income ever, a good and juicy €94.62!!! This is not magic though, this number is mostly driven by the excellent year mining companies like RIO and BHP had with Iron Ore prices going to the moon (and now crashing down xD). I purchased these two a few months back before they went ex-dividend and plan on taking some more shares now that they have gone cheaper, despite the iron ore prices dropping, I believe these two companies have solid balance sheets and are leaders in the industry.
The year-over-year graphs looks stunning for September xD, 2021 beat 2020 for 4x!!! Unfortunately this is not going to be reflected in October again, since companies like BHP and RIO pay their dividends once a year, but hopefully it'll become a September thing from now on :).
Stocks Update
This month has been quite hectic in the stock market, there's been a lot of FUD (Fear, Uncertainty and Doubt) coming and going. The Evergrande default in China, their energy crisis, the US debt ceiling, etc. Because of this, some stocks have had some rough days and prices have dropped. I took this opportunity to do some buyings:
- BUY: Bought my first shares of the Germain Reit Vonovia (tiker VNA). First batch 6 shares at €55.7 and then 6 more shares at €54.9. I know Germany and Vonovia in particular is now in the eye of the storm, due to Berlin housing issue, but the company seems to be willing to negotiate with the government while keep its growth and expansion.
- BUY: Bought some more BABA on one of the dips, 4 shares at $144.7, this means Alibaba now represents 5% of my portfolio so considering doesn't pay dividends I'll stop acquiring them for now.
- BUY: got myself 2 more shares of ALV for €182.9.
Overall passive income
The total passive income for September was €129.25!!! This is the first time I pass the €100 mark, so it feels quite an accomplishment to be honest :).
The passive income coverage went to the moon! This month reached a good 4.22% which automatically became my highest coverage ever :O. Now, regarding this metric, there's something I didn't think about when I initially set it. The idea of this metric is to track how much of my expenses my passive income can cover. All good so far, right? Well, the problem is/was that I've been using my monthly expenses to calculate this coverage every month. For example, in June my expenses were about €3579 and my passive income was a good €79.93 and this results in a coverage of 2.23%, but the catch is that June was a VERY expensive month so it would qualify as an outlier. In order to smooth out the metric, from now on I'll be using the 12 months rolling average of my expenses instead (sum of the most recent past 12 months divided by 12). In fact, now that I think about it, I'll keep tracking both for transparency :).
So the passive income coverage for September using the 12 months rolling average expenses is .... 4.70%!!! OMG, it got so damn close to the 5% target, but not there!!!! Unfortunately I don't think I'll be hitting that 5% this year, but heck I tried!
Personal life and health
Health wise, despite September having been a bit of a lazy month, somehow I managed to get 75.5 km walked so cheers to that! I've also kept a pretty consistent assistance to the bouldering gym with my girlfriend, going 2 to 3 times per week, except this last week xD. On top of that I've been doing a short workout routine at my place the days that I don't do bouldering just to keep the body strong :). My weight is still a problem xD, I really can't manage to get below 80 kg without actually putting serious dietary effort or intense excercise :(, right now I'm stuck in 84.7 kg... waay above my target.
Well, I think I'll wrap it up here, there's a pizza and some cold beers asking for me xD. Yes, they are the reason I can't lose weight hahahaha. Have a nice weekend out there!
Hey Juan congratulations on surpassing the 100 Euros mark! Nice jump the one you had this month.
ReplyDeleteGreat idea on issuing the 12 rolling average on your expenses, may start doing a similar thing myself.
You must be so looking forward to go home after two years. One of my colleagues is from the Dominican Republic and can't wait to visit his family in December as well. Can't imagine the enjoyment you will both have!
Pizza and beers are mandatory on all diets hahaha
Hi!, Thanks for stopping by.
DeleteYeah, we've been through 2 very crazy years so can't wait to have a proper break and see my family again. I'm not very excited about all the airports/pcr test situation, but yeah, it's the world we live in now I guess.
Cheers!