January 2022

In with the New year. 2022! Lots going on on a macro level creating a lot of uncertainty. The end of money printing, the start of inflation that has been on the cards for a while. Potential rises in interest rates. A major amount of sabre rattling between Europe/US and Russia over Ukraine with the potential for war.

🦠 Corona Virus seems to be almost removed from the public consciousness. Omicron and the vaccines in combination seem to have reduced the threat to a manageable level so society is opening up again with a move towards minimising restrictions.

On with the investment detail…

---

Investments

Another modest month. Identical to last month

ElfinMarket. Following the plan, I invested £1000 into my IFISA account. I’m at £11000 of this years ISA allowance. By the last payment at the start of April I will have put £14000 in. Invested £1000

FreeTrade. This months investment is in a different direction. I started a position in the Vanguard all world ETF. It received £500 of new money. I also exited my position in Coinbase and Riot blockchain. It didn’t make sense to have exposure to crypto here as well as directly. The proceeds bought more Atlantica, a dividend play. Invested £500

Total Invested £1500

---

Monthly Income

I spent the month of January sitting on the sidelines of yield farming and staking. So another quiet month.

On with the detail…

TheSunExchange. As predicted January had the most sunlight of the year. The Nhimbe Fresh project has started generating and the income does not disappoint. It was worth the wait. I didn’t hit £100 this month but that’s not surprising as I haven’t expanded my portfolio very much. Income £82

CrowdProperty Income is steady. Income £28

ElfinMarket income is continuing to increase with a continued investment. This month the income has had a nice increase. Income £77

Euro P2P lending continues to bring in a small bonus with its reduced funding. Income £11

Crypto lending across NEXO, Celsius, and Luno has had a rubbish month. Rates are steady but the market has continued to fall all month. Income £226

YieldFarming and Staking income has remained low. My funds are all sitting in Terra LUNA which initially was gravity defying, but has succumbed to the pull of the bear market and dumped like a stone. I still plan to convert it to UST at some point. Income £66

FreeTrade is having another quiet month. Income £32

JuicyFields has had a 5 week month so the income is great this month. The following months should only expect 4 harvests each so will be a bit less than this month. I am continuing a mixture of withdrawing and compounding with an aim to be de-risked by the summer. Income £926

Total Passive Income £1450

---

The graph above looks to be achieving some level of stability. I’ll be wanting to reengage an upswing to the income in the coming months if I am to reach £2000 passive income by the end of the year. I suspect it will require something significant in the crypto world of yield farming. Time to do some more research.