Dear fellow investors, friends, family and future self.
Welcome to my third 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: still no good options for a new job, only some initial talks with some companies. The market is quite screwed at the moment, the are a lot of people applying and wanting to change jobs (some unemployed) and the competition is bigger that the previous years. At my current work place I am also transitioning to a new team, let’s see what this change will bring.
Personally, we went for the summer vacation. I was a much needed break, after a first year with school and kindergarten, a lot of time spent for the kids to drive them to different places and activities. We also did some changes in the garden, that brought some additional stress. It’s nice to do DIY stuff from the cost perspective, but from the time spent and stress… better to call professionals. We had a really nice vacation where we managed to do a mini Euro road-trip, visiting Poland, Slovenia, Hungary, Austria, spending one week in Romania and one in Italy at the seaside, near the city of Grado. It was a much needed vacation that made me realize I was suffering from a mini burnout.
That’s it from the personal side, let’s see how my investments performed:
My investment account was at €22,460, with only €123 more than previous update, this small gain of €123 made only due to assets appreciation. 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 €310 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 €7,000 compared to last quarter (savings + investments). The increase can be attributed to saving, stocks & ETFs appreciation, some annual interest gained by some savings accounts 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.
