🗓Month #29

March 2022

The news is still dominated by the war in Ukraine. Whole scale regime change and take over of the country has stalled due to solid resistance from the Ukraine people. Reorganisation of the Russian mission to concentrate on the East and South of the country is underway. War crimes committed by Russian forces are being documented in many areas. Talks of war crime tribunals are in the air.

Anonymous, the decentralised hacking group has joined the war against Russia and are attacking their infrastructure and vital systems. They have published the names and addresses of all the Russian military personnel on the internet. There is nowhere to hide! A truly modern war.

Sanctions have been extreme. Europe is preparing to live without Russian Gas and Oil supplies. Prices are sky rocketing. Inflation was already on the cards after the disruption of Covid, but with the war it is looking like it could be quite damaging.

Some of my investments are affected and others not so much. My stocks and shares are mostly in green energy companies which have had a boost from the expected increase in investment over the short term. My legacy energy companies have also risen due to the supply chain shortages pushing up the prices, increasing profits. The only one adversely hit was my Ferrexpo Iron Ore mining company which has its mining facilities in the Ukraine! The mine is still operating but ability to ship to its customers is severely disrupted. All the uncertainty has severely hit the share price.

Crypto had an initial wobble at the start of the war but has since recovered and has been making some mild positive movements. My lending portfolio is stable and I have been dabbling in the staking and yield farming arena again.

On with the investment detail…


Investments

Due to ISA restrictions I have had to make a choice between Elfin Market and FreeTrade. I have decided to continue with Elfin Market till the end of the tax year and pause new investments into FreeTrade until April.

As promised I have rekindled my interest in yield farming. Initially I put some money into the new Mars Protocol on the Terra/Luna ecosystem, but I soon took it out again as the APYs started to drop dramatically. It was no longer worth the risk. What I did do though was invest in a product I looked at over a year ago, but was unsure of its legitimacy. I have been looking on and off since then and have decided to take the plunge.

ElfinMarket. Following the plan, I invested £1000 into my IFISA account. I’m at £13000 of this years ISA allowance. As my investment goes out on the first day of the month, April will also belong to this tax year so my total will be £14000. For this reason I have had to halt my FreeTrade investment to avoid going over the £20K limit. Invested £1000

Staking and Yield Farming. I’m not sure if I should make a separate category for this, but I have put some money into YieldNodes. They have a huge and diverse set of investments, mostly based around running nodes for crypto networks. I’m not 100% secure in this investment but as it has been running for 3 years, I think I can extract my initial investment with a 50:50 split between compounding and withdrawing the profits within a reasonable timeframe. I have marked the investment in full though in fact most of it has come from redistributing some of my crypto holdings in LUNA. While on the subject of LUNA I have also decided to stake my LUNA holding which brings in some monthly revenue. Invested £4600

Total Invested £5600


Monthly Income

Income has had a small uptick due to a steady rise across most of my income streams. They are setup nicely for continued positive movement in the next few months

On with the detail…

TheSunExchange. We are off the January peak but surprisingly there was only a minor reduction in earnings this month compared to last. Income £71

CrowdProperty Income was almost identical to last month. Some projects have seen delays due to Covid so as these work through to completion there should be a small increase in earnings in the future. Income £44

ElfinMarket income is back on the increase. A nice jump this month with the promise of something in the £90s next month. Getting towards the pleasing psychological milestone of crossing the £100 mark which should hopefully come in May or June this year. Income £77

Euro P2P lending is remarkably stable, posting the same modest returns the last 3 months. Fairly insignificant but it all counts in the end. Income £11

Crypto lending across NEXO, Celsius, and Luno has had an increase this month due to the rising prices of BTC and ETH. Luno has decided to stop their savings product for UK citizens so I will need to move my funds off the platform by the end of June this year. I have been slowly increasing my BTC holdings at NEXO by transferring my JuicyFields earning there. I’m not far from having a whole BTC to my name. (Small pleasures 😊). Income £309.

YieldFarming and Staking is still dependent on my UST on the Anchor protocol, but as planned I have staked my LUNA holding giving me around 8% APY. This has doubled my income from this sector. At the end of the month I invested a chunk in YieldNodes which wont pay out until the first of May for the earnings of April. So I expect another increase in next months earnings. Income £160

JuicyFields is going to plan, with a mixture of withdrawing and compounding of the profits each harvest. This is ensuring a steady increase in profits each month and also reducing my exposure and risk, until I am entirely invested only with profits. I have reached the first milestone this month, with my total profits reaching £5540 which is more than my initial investment of £5410. The next milestone is to withdraw all of my initial investment, I’m currently at the £2400 mark. Only £3000 more to go. I should reach there around August/September time. Income £799

FreeTrade has had a small increase which is normal for March as there are a number of dividends that pay out this month. Income £75

Total Passive Income £1549


The graph above continues to be pleasing to the eye 👁. Next month should see the addition of an income stream from YieldNodes. As long as crypto holds its value then we should be getting pretty close to my £2000 a month target for the year. Definitely I will be there in May due to a 5 week JuicyFields month, the challenge will be to see if I can maintain it in June.

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