October 2021

I’m a bit late with the October update. Lots going on at home to occupy my time. Pumpkin carving to name but one. My investments have been spookily stable, with the predicted move in the crypto market eventually happening.

I’ve had some fairly significant costs this month, so have kept my investments to the minimum.

🦠 Corona Virus vaccine levels are high in the UK with the roll out of booster jabs starting for the early vaccine up-takers. UK health systems are under strain from demand never seen before, though not Covid related. Elsewhere in Europe, some countries are starting to see another wave.

I’ve had a healthy increase in my income this month. Crypto starting it’s final move of the bull cycle and a large payout from JF have mostly been responsible for this.

---

Investments

TheSunExchange has seen another investment this month. I have matched my previous investment in Outerwest Recycling plant. Once the crypto bull run has ended in a few months I will return my focus to TSE as I really like this investment. Longish lead times and good but modest returns do not excite me, but the quality of the project is excellent and the returns are very good for the sector. Invested £325

ElfinMarket. Following the plan, I invested £1000 into my IFISA account. Invested £1000

Euro P2P has not received any new investment and I have continued to withdraw capital as the loans mature. This month I withdrew a further £97 from Moncera. Withdrawn £97

FreeTrade. This months investment again went to top up another big dividend payer in the renewables sector, NextEnergy Solar. It received £500 of new money. I think another renewables dividend player will be next month too. Invested £500

Juicy Fields continues to trouble my psychology, but has received further funds this month. Almost all the weeks in my 16 week cycle are full with plants now. I have a further 2 weeks to fill in November and then every week has an investment and a payout . Invested £311

Total Invested £2038

---

Monthly Income

A nice boost this month. The graph looks quite see-saw due to the variable income from Juicy Fields. This will stabilise from December and be ever increasing from then onwards. Crypto should also stabilise as the bull run comes to an end and I transfer a significant chunk into stable coins removing any price volatility.

On with the detail…

TheSunExchange. The March towards longer days continues. No news on the school project that is in default. It will create a small drop in income, but everything else is paying out well which overall has created an increase. Income £45

CrowdProperty has had another slow month. You have to go back 12-18 months to see how this has impacted on the completed loans. Income £33

ElfinMarket income is continuing to increase with a continued investment. This month the income has increased by another £7. Income £46

Euro P2P lending has eventually started to drop as I pull out my funds. Income £14

Crypto lending across NEXO, Celsius, BlockFi and Luno has had an injection of pace this month. All 4 platforms posted increased income this month, all due to an increase in the value of the underlying assets. I have liberate my BTC from BlockFi and moved it to NEXO. Next month I will do the same with my ETH. I have more faith I will be able to convert my assets to stablecoins really quickly on NEXO. Income £416

YieldFarming and Staking is steady. CAKE income continues to fall which is the main reason my income here is falling. I’m also not chasing yield farming returns as avidly as before. I have liquidated my MATIC holdings, though they were never a high earner. My BANANA holdings, will liquidate in November. Income £421

FreeTrade Has a significant gap in its income for October. Only 2 dividends all month. I might need to look at how to fill this gap. November doesn’t look too crazy either! Income £9

JuicyFields is back to a high yield again this month, posting its biggest income. Next month is another small one. Income £629

Total Passive Income £1617

---

A great month all things considered. Most pleasingly the crypto bull run seems to be back on track. This looks after the bulk of my income. JuicyFields is still causing a saw tooth graph and I am expecting another dip next month unless crypto can compensate. After that we should start to see some steadily increasing gains. Regularly over £2000 per month would be nice for 2022.