🗓Month #18

April 2021

Spring has sprung! All the trees are popping in to leaf and the blossom is budding on the fruit trees.

🦠 Corona Virus vaccinations are rolling out really well in the UK and by the end of the month over half the population have had at least 1 dose and many have had 2. The most vulnerable in society have been vaccinated which has made a dramatic difference to the strain on the NHS services. This is allowing the restrictions on the population to ease and life to head towards normal.

It’s a new tax year which brings a breath of fresh air. My investment strategy has rationalised and my investments are much more concentrated.

My income has gone ballistic, mostly due to yield farming. It will be interesting to see how sustainable this is.


Investments

An almost empty spreadsheet!

TheSunExchange. My SunExchange project that I invested in back in September ran into some regulation issues delaying the project significantly. Due to this the investment money was refunded. I have invested in another project this month, however the investment was completely covered by the returned funds so no additional funds were necessary. Reassigned funds £249

ElfinMarket. I invested my normal £100 at the beginning of the month into my Standard account. After April 6th I closed my standard account and withdrew all the funds. I then opened an IFISA account and transferred all my funds across, plus an extra £433. Invested £533

In Euro P2P lending I withdrew the last of my funds from IUVO. Rationalising my P2P platforms is a slow process! Money returned £13

Yield Farming has received the bulk of this months investments. I have played around with farming a number of different single assets and liquidity pairs through the month. By the end of the month though I am only farming 4 different single assets. Invested £2500

FreeTrade investments involved the final moving around of funds from my General Investment Account across to my ISA account. As part of the process I kept some of the funds back as profit. Overall my net investment was negative for the month. Invested -£311

JuicyFields ends my investments for the month. I have started to get returns from my initial investments now so I have reinvested some of the returns and topped up with new money. I only have 1 more purchase to go at the beginning of May and then this investment becomes a self sustaining income generator. Invested £176

Total Invested £2885


Monthly Income

I thought last months income was extraordinary… That was before this months came in! Most of my investments are just ticking along, but Yield farming has created parabolic growth in my income.

TheSunExchange. Another project has come online this month though has only been generating for a few days so not much income. The Southern Hemisphere is heading towards the shorter daylight hours part of the year. Even so the income has held up well. Income £39

CrowdProperty had a real boost to its income this month more than doubling the previous best. EstateGuru on the other hand had almost no income, due to the 3 month bullet repayments creating an un-equal distribution of income across the months. I have received communication from the UOWN team regarding the investment I made with them back in April 2019. The project was severely delayed by Covid but has now completed. They have refinanced and the money is with the solicitors, so it should be in my account for May. Income £64

ElfinMarket had almost no income this month?… This is the consequence of withdrawing all my loans in the Standard account forgoing the interest due. The new funds in the IFISA account don’t start to receive interest until May. Income £0

Euro P2P lending had a fairly quiet month. Fairly normal income was generated by most of the platforms. Lendermarket is almost halved as I am withdrawing funds from them. RoboCash which is now my biggest investment has an unequal distribution of payments and April is a quiet month. Income £15

Invictus IML fund is back up to normal returns with an increase in fund size bringing a nice return. Income £34

Crypto lending across NEXO, Celsius, BlockFi and Luno had a slightly lower BTC price but a significantly higher ETH price. Combined with a higher interest rate on NEXO this month, this has brought a further increase in income from these platforms. Income £160

YieldFarming and Staking has just blown everything else out of the water. I have experimented with a number of high APY liquidity pairs and single assets, some of which paid off and some of which didn’t. By the end of the month I am just farming 4 assets, CAKE, BANANA, BNB and BUSD all on the Binance Smart Chain. Income is measured only as the value of new coins generated. I haven’t included any appreciation value of the underlying assets. Income £1585

FreeTrade dividend income has had a really good month. Partly this is due to reshuffling my portfolio towards dividends and partly due to the mining stocks giving out special dividends. Income £59

JuicyFields has had its 3rd harvest and sale of plants this month. May will have a single harvest as well, but from June onwards there should be 2 harvests per month as I moved to planting every 2 weeks a few months ago. Income £65

Total Passive Income £2025


I’m quite interested to see what will happen with the Yield farming and staking income in the coming months. Is my current income from this sector, just the start of a sustained income stream? Or is it an anomaly that will quickly correct?

🗓Month #17

March 2021

Spring is definitely in the air with one of the hottest March days in 50 years in the UK. Lockdown has started to be lifted and schools are back on this side of the Chanel, due to the successful roll out of our vaccine programme. The numbers of new infections has climbed a little however the numbers of patients requiring hospitalisation or dying has fallen dramatically. Across much of Europe a much slower roll out of their vaccine programs has consequently left them in the midst of a third wave of Covid.

March tends to be a flat month for many investments and so has been the case this month. The stock market has come off its dramatic highs of last year, with tech and renewable stocks taking the greatest hit. They have somewhat stabilised now, but their short term direction of travel is uncertain. Bitcoin and Crypto posted some decent gains before tailing off towards the end of the month.

My strategy aimed at income rather than capital appreciation makes the market prices of various assets much less of a factor for me, allowing me to look on with almost an outsiders dispassionate view.

As you will see later on this has been a bumper month for income, but first let’s have a look at where my investments have been this month.


Investments

TheSunExchange received my third investment into the Nhimbe Fresh project, the same as last month. This project has finally closed for funding and is expected to be generating electricity in August. Invested £527

CrowdProperty has a cash drag of £8300 at the end of this month, so no need to invest further. It is going down slowly but surely.

ElfinMarket claimed its current level of investment. In April it will get its regular £100 at the start of the month and then I will open an IFISA account with them after April 6th and transfer my general account across to the ISA. Invested £100

In the world of European P2P investing there was no new money invested but I did shift around some money. I have withdrawn the majority of my investments from the IUVO and Lendermarket and transferred the balance to Moncera and RoboCash. The process is ongoing in my rationalisation of this area.

Invictus IML… There has been some progress with the fees, Invictus has mentioned they are looking to deploy their funds on the Binance Smart Chain which will dramatically drop the fees for interacting with the smart contracts. I am encouraged by this news, so a further investment in this fund should be possible in the upcoming months.

NEXO has changed their interest rates this month. They have dropped their rates for flexible accounts. If you choose to lock up your assets for a month then you can achieve the previous rates. In the locked savings interest is paid out monthly. Due to this change I withdrew my TUSD and GBP savings. The GBP I converted to BTC on the NEXO platform and the TUSD I converted to BTC and transferred to my Celsius wallet. The reason for swapping from fiat/stable coins to BTC is my perception of potential gains over the next 9 months. Net effect was zero investments.

Following last months Yield Farming experiment, I invested a chunk into Staking and Yield Farming. Invested £1640

FreeTrade had a complicated investment journey this month as I sold most of my investments in my General Investment account. I cashed in some healthy gains in my growth stocks and have transitioned to Dividend stocks. I opened an ISA account and transferred £7K across to max out this years ISA allowance. I also withdrew a small amount to my bank account. Net investment -£500

Lastly this month JuicyFields received 2 investments. I only have a couple of further investments to make in JuicyFields before it becomes self sustaining and compounding. Invested £261

Total Invested £1963


Monthly Income

Earnings this month have really exploded 💥. I was impressed with last months increase, but this months has been an eye-opener.

TheSunExchange was expected to post lower earnings compared to last month, but they must have had a sunny month in South Africa as the earnings are up. Income £44

CrowdProperty and EstateGuru both posted steady incomes. Dependable and reliable. Income £32

ElfinMarket continues to increase its returns and should start to look really healthy once I invest more heavily in its IFISA account in the coming months. Income £11

Euro P2P is back up to a healthy income. As I am not currently adding to this investment class, just rationalising into fewer platform I am not expecting much change in the future. Income £27

The Invictus IML fund had a disappointing month with a slow and steady growth. I have grown to expect more from this investment, but I suppose every month can’t be an increase on the last. Income £23

My Crypto Lending continues to benefit from the bull run with steady increases in income complimented by fantastic increases in the value of the underlying assets. Income £137

Now this is where things start to look interesting… Following on from my dabble into Crypto Staking and Yield Farming at the end of last month, this month has seen a full month of returns. It is truly mind blowing what is available if you look carefully and manage your risk. Not all of my investments were successful so there were some negative returns but overall the result was extremely positive. The bulk of the income comes from staking CAKE tokens from Pancake Swap, but there are also some smaller contributions as well. Income £568

Income from FreeTrade this month is on par with previous months. I have now transitioned to a much more dividend rich portfolio so I should see an increase coming in the next few months. Income £16

Lastly this month is a new income stream. My initial investments in crowd-growing with JuicyFields 4 months ago have now harvested and been sold creating my first income. I have made further repeated investments so this should now be a regular income. Next months should be a little smaller, followed by an income similar to this month the following month. The following 4 months should be double with an increasing trend thereafter. Income £81

Total Passive Income £941


In the next few weeks HMRC is going to update its tax advice regarding Cryptocurrency investments. It should cover Crypto Lending, Staking and Yield Farming income, so I am watching with baited breath to see how this will pan out.

Re-Shuffle of investments

9th March 2021


It’s the last month of the tax year and it is worth considering where I am at and my plans for the next tax year.

I have only deployed £13000 into my ISA allowance this year and that has all been with CrowdProperty. That leaves me with £7000 allowance not yet deployed. CrowdProperty isn’t the place to top up at the moment. Due to the popularity of the platform it is really slow to deploy the funds I already have deposited with them. It may take most of the next tax year to fully deploy them at this rate. Although I would love to put more money into CrowdProperty, it doesn’t make financial sense if it just sits there not ‘working’. I am limited to only one IFISA each year so that rules out any other IFISA product this month.

I haven’t invested in a stocks and shares ISA this year so this could be just the opportunity do do that. I have already got Stocks and Shares ISAs with BMO and L&G from previous years. Instead of topping these up I think it would be just the right time to jump across to the ISA product in my FreeTrade account. At the time of writing stocks are taking a battering and this could be just the right time to be out of the market for a few days as I transfer my general investment account across to an ISA account. I will endeavour to transfer all £7000 across in the remaining part of this month. The rest of my FreeTrade portfolio I will transfer next month.

FreeTrade. While transferring my assets from my general account to my ISA account, this is a great opportunity to rebalance my portfolio. I am going to cash in some of the gains from my growth stocks and up my investments into high yielding dividend stocks. I’d like at least £100 in dividends coming in every month at this point, instead of the £10-20 that I am currently getting.

ElfinMarket. I have definitely decided to open an IFISA account with ElfinMarket in April. The income is steady and stable and will be tax free. I have check in their terms and conditions and I should be able to withdraw my current investment and transfer it over to the ISA account without much problem. Again I think a nice round number of £100 per month, interest would be nice. To achieve that I will need around £10,000 deposited based on how much I am earning on my current deposit levels.

Crypto Lending. I had around £1000 in USD stable coins and a further £1000 in GBP on the NEXO platform earning me 10% APR. Although this is very good interest, I have decided to convert it all to BTC for the rest of the current crypto bull run. There are much more gains to be had in BTC for the coming months than a mere 10% per annum. As the bull run comes to an end and BTC tops out I will convert a significant amount of my BTC back to stable coins to earn a stable interest moving forward.

Crypto Staking and Yield Farming. I’ve had a fun couple of weeks learning my way around this investment sphere. Conclusion… Staking is relatively low risk and very passive. There are excellent returns to be had with very little downside risk, unless a platform rug-pulls. Yield farming on the other hand can have extra+ordinary returns, but with significant downside risk and a lot of time invested in tracking your investments. I will be staying away from Yield farming, but am happy to invest further in Staking. I’m also going to stick to the more established players in the market.

JuicyFields. I’m really torn between 2 strategies here. It is a nice business model, but I am not 100% secure in my faith in the platform. for that reason I feel the need to take out my original investment as early as possible leaving only profits moving forward. I can continue with my original plan of investing small and having a small regular income coming in. I will be able to get my original investment back after around a year and still be able to grow my income slowly. Alternatively I could invest big and them withdraw my original investment after 4 months leaving a sizeable amount to provide a steady and increasing income. 🤷‍♂️ I will need to ponder further on this one. In the mean time I will continue with the smaller principle with a longer time frame strategy.

🗓Month #16

February 2021

The depths of winter in the UK, just before spring erupts. Covid Vaccinations are in full swing, with the glimmer of hope that the restrictions placed on the population will be relaxed progressively through the year.

It’s been an interesting month, with theWallStreetBets group battling with the short traders, both in the stock market and the crypto markets. Fascinating to watch but definitely one to avoid getting drawn into. To me it looked like lofty anti-establishment ideals covering up classic pump-and-dump schemes.

My investment strategy is developing and maturing somewhat. My scattergun approach last year has shown me which areas to concentrate on and which to pause or pull back from. I’m still interested to learn about new income streams, so there is a few new areas being investigated.

So on with the detail…


Investments

A real rationalisation of my investments this month.

TheSunExchange project this month is the same one as 2 months ago. It is outside of South Africa and has the income denominated in USD to protect it from currency fluctuations. It also has a fixed payout, unrelated to monthly changes in energy consumption, which will provide more stability to the income through the year. Invested £543

CrowdProperty still has £9000 of un-deployed assets, so no further investment. I have though of investing the money elsewhere for a short time until the assets are able to be deployed, but I am not sure I want to be that aggressive.

EstateGuru is certainly on my radar for further investment, but it’s not where my focus is at the moment

ElfinMarket received my regular £100 investment again this month. With the slow deployment of assets in crowd property it is becoming more likely that Elfin Market will get a significant chunk of next years ISA allowance. Invested £100

Euro P-2-P lending hasn’t received any investment. I have shifted some assets from Lendermarket to RoboCash. I am planning to continue to rationalise which platforms my funds are in. With regards to ongoing investment, I am not sure the risk Vs rewards is really worth it.

Invictus IML is still prohibitively expensive to invest in due to the high gas fees on the Etherium network, so again no investment.

In the crypto lending world things are really hotting up. This has seen a new high for BTC just above $58K followed by a correction as low as $43K. Wild stuff. I added to my BTC holdings, choosing Celsius for this months deposit. Invested £1237

New to this months investments is Staking and Yield Farming in the crypto world. The summer of 2020 was big for yield farming on the ETH network. This is now playing out on the new Binance Smart Chain (BSC), so I thought I would dive in. I’ve tested the waters, staking some CAKE tokens on the PancakeSwap platform. Invested £500

FreeTrade has had its regular investment. Invested £500

Lastly this month, JuicyFields received an increased investment as my confidence has grown with the platform. The first returns have hit my account on the 1st of March, though this won’t show up in this February summary. This is looking good for now. Invested £346

Total invested £3226


Monthly Income

This months income posts another healthy boost, breaching the £300 mark for the first time. crypto in various forms is responsible for this, so we will have to see how successful this is once this years bull market reverses. For now it is worth riding the wave. So on to the details…

TheSunExchange is now on the downward path towards winter for earnings. This month is down from last months peak, even with another project coming online. Income £40

CrowdProperty saw another solid month. No contribution from EstateGuru though this month. Income £28

ElfinMarket continued to post a standard return. Income £9

Euro P2P couldn’t match last months results but posted a steady amount in line with previous months. Income £12

The Invictus IML fund had a great month growing at its largest rate to date. Income £38

Crypto lending reflects the increase in price of the underlying assets namely BTC and to a lesser extent ETH this month. NEXO contributed a healthy £67. BlockFi added another £37. Celsius followed up with £17. And finally Luno almost made it to £1. Income £121

Yield Farming is the new addition to the income flow this month. Despite only investing for 7 days at the end of the month, my £500 brought in over 10%. This will be something to invest heavily into in the coming months I think. Income £51

Lastly this month there is the dividend income from FreeTrade. A little down from last month but not by much. Income £17

Total Passive Income £320.03

🗓Month #15

January 2021

The start of 2021 and no let up of the volatility seen last year. New Covid lockdowns in the UK and abroad. A transfer of power in the US as Biden is inaugurated with a shift in world dynamics.


Investments

Let’s start with TheSunExchange. My regular investment this month went to the same project that I invested with in November. It’s a big project and has taken time to reach its funding goals. A few days after my investment, the funding round completed and they are already installing the solar array. Invested £321

CrowdProperty still has plenty of funds not yet deployed. I’m not expecting to need to add further funds for a number of months, though I may top up in March to capture this years ISA allowance. That will allow me to fund a different IFISA next year. Invested £0

ElfinMarket received my regular investment. I’m thinking of investing next years IFISA into ElfinMarket, I have a few months to think about it. Invested £100

In the world of Euro P2P lending I have decided to rationalise my investments. I have turned off my Auto-Invest settings on Viventor, IUVO and LenderMarket. As the loans complete I intend to withdraw my funds and redistribute to my other platforms. Let’s wait and see how that goes. On a macro scale the Covid pandemic still has a while to run and this is impacting the P2P lending market. I’m not keen on adding any further funds at present as I’m not in favour of the risk profile. Invested £0

In the crypto lending world, I see this as a great year for BTC. I have held off investing in the Invictus IML fund for the same reasons as last month regarding high gas fees. I have however invested a chunk into BTC. With Celsius I have bought and deposited £1815 worth of BTC. In NEXO I have deposited BTC to the value of £973. As with last month this was a conversion of NEXO tokens to BTC. A few days later I then deposited £1432 worth of BTC also to NEXO. Across NEXO, BlockFi and Celsius I now hold a total of 0.54 BTC. I would like to hold a whole BTC but I’m not sure how realistic that is. I see BTC in an accumulation phase while it remains below $50k. After that I will probably stop adding funds to this investment. Total invested £4220

Lastly this month I have invested in JuicyFields. I am still not very confident in this venture but there are only positive signs at the moment. Invested £135

Total invested £5276


Monthly Income

On checking last months figures I have made a minor adjustment down, but last months income remains just above the £200 mark. The month of January has seen another significant jump, catapulting past the £250 mark. Let’s see the breakdown…

TheSunExchange has hit the peak sunshine month for the Southern Hemisphere, so the earnings reflect this. The total number of live projects remains the same and most of them posted an increase in earnings for the month. The next project is up and running and will go live in the early part of February. Hopefully this will partially offset the drop in earnings from the other projects. Income £46

CrowdProperty has started to complete on a number of my initial loans so the income is becoming more regular, with an increase to £27 this month. I would expect at my current investment level for this to flatten out around the £40 per month. With the whole £16000 deployed, this would rise to £100 per month. EstateGuru continues to perform, bringing in a further £6. Income £33

ElfinMarket continues to punch above its weight considering the size of investment. Income £10

Euro P2P has had a great month. A number of platforms posted increased earnings, namely Debitum, ViaInvest and RoboCash. Moncera and Lendermarket have always had good earnings and this continued. Income £37

Invictus IML although is designated in USD and therefore not benefitting from the rise in BTC, has had a great month. Increased Volatility in the crypto space has lead to higher margin lending rates and so the fund has made some great gains this month. Income £35

Crypto lending has had a great month primarily due to the increases in the price of BTC. The interest rates have remained the same, but the value of the earned BTC and ETH has gone up markedly. Interest rates are similar across NEXO, BlockFi and Celsius. My BTC holdings in both NEXO and Celsius increased this month adding to the increase in income. I have a small amount of interest coming in from LUNO but this is insignificant at the moment. Income £84

FreeTrade brought in its second highest dividend this month but considering the amount invested is still reasonably small. The main reason being that I have heavily invested in growth stocks this year due to the market conditions. Income £19

Total Income £268

🗓Month #14

December 2020

The end of a quite remarkable year. The world will never be the same again. 🦠


Investments

A shift in focus is evident in my investments this month.

My regular investment with TheSunExchange turned out to be on the pricier side, so £542 went in this direction. The project is their first outside South Africa and has a slightly different payment structure. This one will pay out a regular amount every month regardless of generation, so won’t ebb and flow with the seasons. It is also using USD as the base currency, insulating it from the effects of ZAR exchange rates. My income will still be in BTC though. Invested £542

No property development investments this month. CrowdProperty has over £9000 not yet invested, so there is little point adding any more to the platform at the moment. As you can see from the chart property partner is now off my list of investments, having closed the account last month. Invested £0

ElfinMarket saw my regular £100 standing order. As did FreeTrade, with a further investment of £500.

In the world of Euro P2P platforms, I topped up my investment in ViaInvest. Nothing extra in this realm. Invested £371

Crypto is the big winner this month. I am very bullish on the crypto market in 2021. If BTC follows previous cycles then this will be an extraordinary year. As mentioned previously the fees of making multiple small investments were significant so I have opted to make larger investments less often. For that reason I didn’t top up my IML fund or add to my NEXO TUSD fund. What I did do is buy a load of BTC. New money has gone into BlockFi and now I am diversifying into the Celsius platform. The significant chunk that has gone into NEXO is actually a transfer. I have held a lot of NEXO tokens for years and they recently sky-rocketed in value. I have sold a portion of them and bought BTC placing it on the NEXO platform to earn interest. Invested £2495

Finally this month I have made 2 small investments into coffee loans (EhicHub) and Cannabis farming (JuicyFields). Just to see what happens. Invested £173

Total monthly Investment £4392


Monthly Income

Following on from last months fantastic earnings, seeing me catapult past my £150 target and bring in £182, I have had another good month with a rewarding increase in earnings.

TheSunExchange is coming into the peak months for solar generation, earning £42 this month. January should also be good, but after that the days will be getting shorter. Income £42

Development loans had a great month earning £30. It was a good month for CrowdProperty, but EstateGuru made a considerable contribution. Income £30

A steady increase from ElfinMarket and a good month from Euro P2P lending. Income £25

Crypto is where the big gains have come from. The IML fund had a steady month, but my BTC interest is where the performance has really jumped. Not only do I have more assets earning interest, but the value of BTC has soared over the last month resulting in the £GBP value of the BTC interest growing significantly. A whopping rise to £70 in interest from my crypto assets. Income £92

Finally I had a modest month from FreeTrade. As mentioned last month I will be shifting my focus towards dividend paying stocks on FreeTrade in the coming few months. Income £9

Total income £201