🗓Month #30

April 2022

Vive la France!

France has gone to the polls to elect their president. In the final run-off between the top 2 candidates from the first round, Macron faced off against Marine La Penne. Luckily for Europe, France rejected the far right narrative and voted Macron back in for another term. All is not lost in European politics.

The war in Ukraine continues, with an increase in support for Ukraine from western allies, notably the US, UK, Poland and the Baltic states. Europe also is still funding the Russian state through Oil and Gas purchases which is causing a problem. Russia has cut off supplies of gas to Poland and Bulgaria after they refused to pay in Rubbles. Germany being one of the most dependent European nations on Russian gas is slowly extracting itself from dependency giving them more freedom to support Ukraine. Rhetoric from Putin is increasing, threatening Nuclear retaliation for NATO support of Ukraine. All very troubling.

On a financial front, inflation is ramping up with supply chain issues and the fall out of money printing from the Covid pandemic. Mix in the increase in oil and gas prices due to the war and we are in a perfect storm.

The stock market has been very gittery, with tech stocks taking a big hit. The crypto market is also struggling. Crypto seems to be in sync with the regular stock market at the moment, reacting to macroeconomic factors.

On with the investment detail…


Investments

Same as last month, the ISA restrictions has given me a choice between Elfin Market and FreeTrade. Elfin Market got the nod. Then I had a moment of clarity and it dawned on me that I could make a Free trade investment as well as long as it was after April 6th, so the next tax year.

It’s nice to be back in yield farming. I’ve put in some new money but also moved some money over from my crypto holdings into yield farming. It’s definitely the most interesting investment area.

ElfinMarket. My last investment of the year for Elfin Market. I’ve had a good think about the platform and decided to continue next year putting £1000 per month in the IFISA product. I’m now sitting at £14000 with an income approaching £100 per month. Another year of invested money will put me in the £26000 range with hopefully an income of £200 per month. That might be a good place to stop. Invested £1000

Staking and Yield Farming. I haven’t invested further in YieldNodes as I am waiting for the first months return. Luna staking is also static. What I have done that’s interesting is investing in an automatic delta neutral strategy for UST. I’ve moved over $2000 UST from Anchor protocol to Aperture Finance using a delta neutral strategy on mirror KO (coca cola). The new money invested has gone to some more high risk yield farming strategies. Invested £500

Free Trade. A delayed investment to make sure I was in the new tax year. This months investment went high risk, straight into Ferrexpo. It’s price is significantly depressed due to its mining facility being in the Ukraine. I will do very well if it comes through the war intact. Invested £500

Total Invested £2000


Monthly Income

The new phase of my income generation looks to be on the cusp of happening. After zig-zagging in an ever tighter range for the last year it’s finally started on an upward direction. A generous increase this month should be accompanied by a further increase next month which will take me over the £2K mark for the first time this year. It should dip the next month but hopefully stay above the £2K mark.

On with the detail…

TheSunExchange. Nothing unexpected this month. A small drop from the last couple of months as we move away from the summer sun. Income £59

CrowdProperty Another disappointing month with only a modest income. I get regular updates on all the projects and they are progressing steadily. Supply chain issues are definitely affecting the industry. At least the market is very buoyant so when the projects eventually finish they easily sell or get refinanced. Income £13

ElfinMarket A steady rise this month taking the income here over the £90 range. A further increase over the £100 will happen next month. I’ve decided to continue with my IFISA allocation to Elfin Market for another year. This time next year should bring the income level above the £200 per month which is probably where I will stop. Income £93

Euro P2P lending limps on. Most of my remaining loans are fairly long term so it is taking time to exit the platforms. Income £12

Crypto lending across NEXO, Celsius, and Luno has continued to be stable. My BTC position continues to creep up, slowly increasing the income. In June there should be a jump in income from NEXO, as I have been locking my NEXO tokens up for a year for a higher interest rate. I have locked them up in tranches once a month. The first tranche should mature in June and then monthly there after. Income £309.

YieldFarming and Staking has had a healthy increase in income this month as the first return from YieldNodes comes in. There was a small decrease from Anchor as I transferred almost a third of my UST to Aperture Finance. Earnings from LUNA staking is consistent with last month. Income £510

JuicyFields is bringing in my largest income now. A small increase from last month which should be the trajectory from now on. I am following a plan of partial withdrawal and partial re-investment. This should ensure my goal to withdraw my initial investment and also increase my monthly income. I am anticipating August as the month I become risk free with this investment. Income £826

FreeTrade has dropped this month. Income is ticking along with a zig-zag performance. Income £46

Total Passive Income £1856


I’ve finally broken out of the ever tightening trend, with a clear upward momentum on my income from passive investments. I haven’t broken above the anomalous result from April 2021, but I should be there next month.

🗓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.