Here is my October 2020 Passive Income Update.
This past month has been one of my favorite months this year. There’s something very magical about September. The weather is still sunny and beautiful without being as hot as July and August. The sun still rises early and sets late. It’s the perfect travel month for most parts of Southern Europe and Turkey. Most tourists have left and peace has returned.
My September this year was filled with lots of time spent outdoors: I kitesurfed, mountainbiked, hiked and went camping with friends. I explored new parts of Turkey with my van and had friends visiting me and my partner in Istanbul. Great joy. A wonderful month.
In terms of passive income, September was a good month, too: My total passive income in September 2020 was 846.62 EUR (1,000.25 USD):
– P2P lending: 491.43 EUR
– Real Estate Lending: 156.41 EUR
– ETF Dividends: 66.19 EUR
– Stock Photos/Videos: 132.59 EUR
Passive Income Breakdown:
P2P & Real Estate Lending Overview – October 2020 Passive Income Update
As part of my October 2020 passive income update, here is a quick overview of passive income that I was earning this past month from three (3) P2P Lending and two (2) Real-Estate P2P Lending platforms that I am currently investing in.
–Traded Funds (ETF) Update – October 2020 🥳
Even in times of COVID-19, I hold my opinion that investing in the MSCI World ETF back is one of the best and most cost-effective ways to save & invest long-term (e.g. for retirement) while earning passive income from dividends.
Why would I say that? Since I started investing in the MSCI World ETF in 2016, the value of the ETF has increased by 47.47% (despite the recent coronavirus-related shock in stock markets). The shares that I bought originally for 145.09 EUR a piece are currently valued at 204.51 EUR. Read more in my ETF portfolio post.
As of today, I am holding 85,767.77 EUR in MSCI World and MSCI Emerging Market ETFs. The value of my ETF portfolio decreased by 1.04% in September, which brings the year-to-date balance to -0.75%, but I am not worried.
My 1,000 EUR monthly ETF savings plan
Many of you will know about my 1,000 EUR monthly ETF savings plan which I talked about in my January 2020 Blog Post. It’s automated, runs in the background, and keeps buying MSCI World ETFs worth 1,000 EUR on the first of every month. It’s a fantastic way of cost-averaging and keeps me committed to my financial savings goals. More about my ETF savings plan and why it was such a great idea to go back to an automated saving plan in this blog post.
That’s it for my October 2020 Passive Income Update! If you are interested, please follow my journey on my Facebook page Financial Freedom Journey 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.
Stay healthy and enjoy the first days of fall!