Finally, here it is, my September 2020 Passive Income Update.
Summer is in full flow and I prefer spending time outside over staring at my computer. I apologize for the late passive income update from last month – things were “busy” the past four weeks.
August was a mix of beach life, road-tripping along the Mediterranean coast, Istanbul city-life, as well as a short trip to Germany to visit my parents.
In terms of passive income, August was a decent month: My total passive income in August was 744.60 EUR:
– P2P lending: 473.13 EUR
– Real Estate Lending: 105.77 EUR
– ETF Dividends: 66.19 EUR
– Stock Photos/Videos: 99.51 EUR
Passive Income Breakdown:
P2P & Real Estate Lending Overview – September 2020 Passive Income Update
As part of my September 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 – September 2020 🥳
Even in times of COVID-19, I hold onto my opinion that investing in an MSCI World ETF back in 2016 was one of the best decisions of my life. I am explaining details in my ETF portfolio post, but in a nutshell, I believe there is no better and more cost-effective way to save & invest long term (e.g. for retirement) while earning passive income from dividends than through ETFs.
Why would I say that? Since I started investing in the MSCI World ETF in 2016, the value of the ETF has increased by 48.59% (despite the recent coronavirus-related shock in stock markets). The shares that I bought originally for 145.09 EUR a piece are currently valued 200.51 EUR.
As of today, I am holding 80,624.05 EUR in MSCI World and MSCI Emerging Market ETFs. The value of my ETF portfolio increased by 4.42% in August, which brought it back to where things were before COVID-19 hit the world.
Moving my ETF Portfolio to Degiro
I am in the process of moving my ETF portfolio to Degiro. After many years of investing at my regular bank (ING Bank), I am moving my ETFs to Degiro, a well-know and big European broker which offers a free online trader account and much lower transaction fees than my regular bank. When buying and selling ETFs, Degiro charges €2 + 0.03% per ETF trade which is the lowest I have seen on the market.
I was inspired to move to Degiro throug a post from my fellow investor blogger thepoorswiss.
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 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 September 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 safe, stay healthy, and enjoy the summer!