Welcome to my August 2019 Passive Income Update. August was an incredible month, both personally and for my passive income investment portfolio. My passive income exceeded 940 EUR (~1039 USD) this past month, which is a new record for me.
I am really seeing the effects of compound interest and it’s an incredible feeling. My monthly passive income keeps growing every month even without me adding new savings. It’s crazy.
What is compound interest? Let’s make an example: In the first eight months of 2019, I earned 3882 EUR interest from P2P loans on Mintos, Grupeer and Swaper. That amount has directly been re-invested and I am receiving interest on the additional investments made. At the current average interest rate of 12.77%, that is an additional 495.71 EUR per year, which is 41.31 EUR per month. So even without adding new money (and without withdrawing money!), my porfolio and my passive income is growing by itself every month. 🙂
Back to the August update. Summer was in full swing and I have been enjoying most of August outdoors exploring the ancient Silk Road and enjoying the beauty of my new home base Istanbul.
I took the first 10 days of August almost completely off and travelled trough Kazakhstan, Kyrgyzstan, and Uzbekistan along the ancient Silk Road – which was absolutely incredible. Following the Silk Road trip, I went to Cappadocia for a few days with a good friend of mine, which was equally incredible. The rest of the month of August I worked between 20 and 25 hours per weeks mostly in the early mornings and evenings either from home or from one of the many coffee shops of Istanbul. 👨💻
This past month, my passive income investment portfolio managed itself and required basically no work. I adjusted my Mintos auto-invest portfolio once to better diversify my investments and to adjust to market interest rates (more below), and that was it!
Now, on to my passive income numbers for August 2019!
August 2019 Passive Income Update
My total passive income in August 2019:
– P2P lending: 631.09 EUR
– Real Estate Lending: 1.25 EUR
– ETF Dividends: 96.15 EUR
– Stock Photos/Videos: 215.72 EUR
TOTAL: 944.21 EUR (~1039 USD)
P2P Lending & Real Estate Lending Update – August 2019
|P2P Lending Platform||Aug'19 Interest Income||Aug'19 XIRR||Total Investment|
|Mintos||€ 321.53||11.45%||€ 29,000.00|
|Swaper||€ 172.49||13.75%||€ 14,000.00|
|Grupeer||€ 136.80||13.11%||€ 12,000.00|
|Estateguru||€ 1.25||-||€ 2,000.00|
P2P & Real Estate Lending Overview – August 2019 Passive Income Update
As part of my August 2019 passive income update, here is a quick overview of passive income that I am earning from three (3) P2P Lending and two (2) Real-Estate P2P Lending platforms that I am investing in.
–Traded Funds (ETF) Update – August 2019 🥳
Well, while heads of states talked about a global economic recession, the MSCI World ETF made only a small dip this past month (from 196.25 EUR down to 193.52 EUR) and I am positive that it will recover from that very soon. I was actually hoping that the ETFs that I am “holding” would drop in value much more, as I was planning to buy more of them (at a cheaper price!).
My ETF portfolio is my retirement plan and I am “buying an holding” ETFs for a period of at least 10-15 years. Hence, short-term market fluctuations are not an issue for me and I am indeed trying to benefit from them (buying additional ETFs when the prices are down). 🥳
Also, August was a dividend month and I received 464.80 EUR in dividends from my MSCI World ETF. Three (3) of the four (4) ETFs in my ETF portfolio are paying dividends, which provides great passive income.
Talking about my ETF portfolio: This year my ETF portfolio has gained 17.71 % in value. Since I started in 2016, the value of my portfolio has increased by 36.75%. In EUR terms, that means that the 63,000 EUR that I invested slowly since 2016, are today valued 75,643.17 EUR and I received an additional 2638 EUR in dividends over the past three years (which I used and spent as passive income).
That’s it for my August 2019 Passive Income Update! All of you enjoy the rest of the summer 🙏. If you like to, please follow my journey on my Facebook Financial Freedom Journey page for more frequent updates. And as always: If you have any questions or comments, please pop them in the comment section below or get in touch via Facebook or Email.
All the best and happy September,