December 2021

Christmas has come and gone, as has the New Year. The world of finance tends to have a quiet month as lots of people exit positions at the end of the year. Crypto had a minor uptrend followed by a sharp correction. My gut feeling is that the top of this cycle hasn’t happened yet. Lots of people think the cycles are extending so we will have to wait and see.

🦠 Corona Virus came home once again, this time on Christmas Day. My son has got ‘lucky’ for the third time. He is currently topping the leaderboard in the house.

On with the investment detail…

---

Investments

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

FreeTrade. This months investment again went to top up another big dividend payer in the renewables sector, JLEN Enviro. It received £500 of new money. Next year I might move my focus towards building up my ETFs. Invested £500

Total Invested £1500

---

Monthly Income

Due to the market volatility in the crypto world I pulled out of all my yield farming. There seemed little point earning a few hundred pounds in yield if the underlying assets were loosing thousands. For this reason my yield farming income has almost disappeared this month. This has had a significant impact on my earnings.

On with the detail…

TheSunExchange. The longest day of the year in the Southern Hemisphere is December so the income is reaching a peak. January tends to have more sunlight overall though. The Nhimbe Fresh project has started generating so there is a small amount of income this month and should be a full month in January. Income £66

CrowdProperty Income has started to return, thankfully. Income £41

ElfinMarket income is continuing to increase with a continued investment. This month the income has had a modest increase of £5. Income £60

Euro P2P lending has continued to bring in a small bonus with its reduced funding. Income £15

Crypto lending across NEXO, Celsius, and Luno has had an slowing of pace this month as the bull run stalls once again with a massive flash crash. I have liberated all my BTC and ETH from BlockFi and moved it to NEXO, so BlockFi is no longer on my list of platforms. Income £346

YieldFarming and Staking income has almost disappeared. I’ve liquidated most of my yield farming positions and moved all the funds on to the Terra network. Instead of putting it all in UST on Anchor, it is sitting in my Terra wallet as LUNA. I plan to slowly convert the LUNA to UST and put it on the Anchor protocol in the coming months. Income £63

FreeTrade is having another steady month. Income £54

JuicyFields now has income on a weekly basis for a full 16 week cycle. Most months will be like December with 4 harvests, with the occasional 5 harvest months like January. My plan is to partially withdraw profits and partially reinvest to increase the size of the harvests. I will have de-risked completely by the middle of the year. Income £599

Total Passive Income £1248

---

Considering the almost complete removal of yield farming income, December was pretty good. with its re-introduction I should be back on track for my planned income growth for the year.