Dear fellow investors, friends, family and future self.
Welcome to my second portfolio update or the year 2024, I hope you still enjoy them. Now let’s get into things!
On the professional side, things are looking not as good as expected: I did not get the raise I’ve expected and I’ve lost some motivation in my job. Also, the position is quite demanding, with a lot of balls to juggle, and I’m getting mentally tired of it. Still testing the market, still no concrete offer, but thing look good, as I am getting leads, even though I have only two years of experience in the manager position.
Personally, nothing much happened. We have some plans for some investments in the house and garden (hopefully the last big investments for a while), some plans for the summer vacation and the autumn vacation. I am waiting for the school to end, because waking up every day at 6am was quite hard and I could use a break from the morning rush to prepare the kids for school and Kita.
That’s it from the personal side, let’s see how my investments performed:
My investment account was at €22,337, with €690 more than previous update, broken down in NO cash invested and €690 gain due to assets appreciation. This quarter was not so bad as expected, having a gain even though I’ve paused my investments is a feat. I use Trade Republic as a broker and if you create an account using this link, we will both receive a bonus of €25 after your first trades.
I had experienced investing into P2P lending with Mintos, but at the moment I am withdrawing all the funds. At the moment I have €354 in the account and all the money are in the recovery phase, with little chance of seeing my money back. Most of the lending companies are either in liquidation or agreed a plan with Mintos to return the money by 2026-2028. I am sorry, but I cannot keep my money blocked for soo many years, with no compensation for it.
Finally, some numbers about our total net worth: it increased by about €1,500 compared to last quarter (savings + investments). The increase can be attributed to saving, stocks & ETFs appreciation and paying back my mortgage (and increasing my own capital share in the house). I need to increase my income first, before thinking of future investments.
