Summer has bid farewell with fantastic weather. I made the most of the hot days last month to swim after work or at the weekend. While I worked steadily on my fitness for crawling and diving, my investments continued to work hard for me and brought me the fourth highest monthly dividend of the year, just behind the previous month. A very good performance for a month that is known for less passive cash flow. Time for a look back.
I present the following points for the past month of August 2024:
➡️ SHARES
➡️ ETFS
➡️ DISTRIBUTIONS
➡️ CASHBACK
➡️ AFTER-PURCHASES
➡️ P2P CREDITS
➡️ CRYPTO
➡️ COST REDUCTION AND EVEN MORE INTEREST
➡️ OUTLOOK
➡️ Shares
My class leader$AVGO continues to let out some air. Perhaps this is because I am constantly increasing my weighted buy-in through the savings plan. So the $AVGO only +121% in the books. The heavyweight is accompanied in the portfolio volume by $WMT and $NFLX (+2,19%) accompanied.$NOVO B (-2,39%) The stock dropped a few ranks, but $SAP (-0,16%) and $ABBV (-1,82%) in front of the podium. The depot breathes like a living organism. This can be seen from the fact that$NFLX (+2,19%) i with a performance of +88% and $NOVO B (-2,39%) with a slight gain of just under +101%.
Due to a lack of significant changes, I am leaving out my smallest positions this time. Only the minus is steadily going back to zero and thus becoming "smaller".
➡️ ETFs
Compared to other techniques, breaststroke requires less effort and you can cover long distances without having to stop. It is similar with my beloved ETFs. We need to invest very little attention in the broadly diversified bread and butter ETFs (and decent dividend ETFs) to get an average (but still good!) output. That's why I keep preaching about this tool. It's simply something everyone should have in order to build wealth. It's so easy to make provisions, for example, as I did with a $VWRL (-0,56%) . The largest position in my portfolio accounted for 13.1% of the total portfolio and is self-regulating in terms of its composition. This means that the vehicle does not require any real maintenance. Simply save stubbornly and steadily every month and then pursue other enjoyable activities that fulfill life. For example, swimming, running or hiking.
➡️ Distributions
I received 20 distributions on 11 payout days in August. I am grateful for this additional income stream.
As mentioned in the last update, I have taken a closer look at the development of the dividend and decided to increase the size of my reinvestments from dividends. $UPS (-0,91%) and $HTGC (-1,01%) will be included in the savings plans, probably from this December. This is also an indication that the monthly income stream is growing reliably. I only want to look at the coming weaker months of October and November in order to be able to calculate fully and reliably for the coming year. After all, I want the system to be completely self-sustaining. I will publish a separate article in September on how my reinvestment works and how the Deutschlandticket and my employer are connected to it.
➡️ Cashback
I received additional cashback again in August. First, I redeemed €4 in Payback points at REWE's delivery service and, as always, transferred the equivalent amount from my grocery account to my settlement account. I also had €10 paid out from Shoop, as I finally exceeded the minimum threshold again. Lastly, I received a €25 voucher for MediaMarkt for scanning my purchases, which I used for household goods. I transferred the equivalent value from the corresponding provision for household goods to a clearing account. The investment will only be made in September, as two more refunds were still outstanding. By the time you read this, the cashback has of course already been reinvested. It's great when others also help to build up my retirement provision/assets and increase my passive income.
➡️ Subsequent purchases
Many of you saw this great buying opportunity in the first days of August, even if the background was of a sad nature. I would like to congratulate you on your snap-up, as I was unable to add to my position due to a lack of cash at the time.
Only a dividend not reinvested in July, which was still in a clearing account, found its way into the stock market with the subsequent purchase of a small $FGEQ (-0,67%) on the stock exchange.
➡️ P2P loans
Nothing new in the West back then, nothing new in my defaulted and recovering P2P loans, they say today.
I wish for the day when I finally get rid of this asset class, my forecast is up to 4 years.
➡️ Crypto
I am simply not doing anything here at the moment. I'm also not buying any more in order to be out of the holding period with all coins at the planned sale at the turn of the year. The only exception will be Solana. What I am investing the proceeds in is roughly known, as is my subsequent procedure for rebuilding my holdings. I advise everyone to familiarize themselves with the debt cycle and the crypto cycle in order to understand price movements in the long term.
➡️ Cost reduction and even more interest
One of my banks (N26) announced last month that it was cutting its interest rate. The reduction is so drastic that the payment model was no longer justifiable for me.
So I decided to give notice to this bank, where I had my provisions and my food account in Pockets, and look for a replacement. From a video test by a small but very friendly financial youtuber from my area, I took a look at C24 Bank, found it to be good and set up my account infrastructure for the bank account I no longer had there in just a few minutes. I would never have imagined that it would be so easy to change my bank account. This reduces the costs of my account structure to €0 and even more sub-accounts will earn interest in future.
➡️ Outlook
As things stand, there will most likely be a half-year bonus after all. As I already want to put cash aside for future expenses, I can only use the bonus to buy one additional share. $UPS (-0,91%) buy one more share.
At the start of the year, I have set myself the goal of investing at least €15,000, and if I manage that, then €16,000 up to €16,500. I'll have the €15,000 for sure, but I won't reach the upper target. But that's not a bad thing, I always set myself higher goals. Let's see where I end up.
Left:
Instagram post about the review:
https://www.instagram.com/p/C_1DA5RNGXE/
X Profile: https://x.com/frugalfreisein
