Dear fellow investors, friends, family and future self.
Welcome to my fourth and last portfolio update or the year 2024, I hope you still enjoy them. Now let’s get into things!
On the professional side, things are calmer now and I started again to like what I am doing. I am not holding a management position anymore, but a technical one, but I still enjoy it. No more endless meetings, no more juggling 7 balls in the same time, no more constant sensation that you are not doing enough. I am still looking for a new position, but again, no interview processes yet to reach later or final stages. The search is on going, but I am not rushing in finding something immediately.
Personally, we went for the autumn school vacation in Barcelona, Spain. This was my self chosen present for my birthday, a special birthday as I’ve turned 40 years old during that time. It’s was a time of reflection, as you feel time is passing by fast and you need to work more on things in order to retire faster. The trip to Barcelona was nice, but it raised some questions for me, as I was seeing Spain and maybe Catalonia as the perfect place to retire. But things don’t look in reality as good as in your dreams or thoughts.
That’s it from the personal side, let’s see how my investments performed:
My investment account was at €24,180, with €1720 more than previous update, this gain of €1720 made only due to assets appreciation. I’ve stopped for the moment investing in the stock market, as I am “investing” in the RSUs given by my employer – which are not liquid at the moment, but I pay taxes on vesting. 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 €2,300 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.
