Portfolio Update – October 2020

Portfolio Update October 2020

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Hello Investors. Another month has passed, let’s take a look at how my portfolio performed in this portfolio update for October 2020! This month was quite a nice month for my overall portfolio. The stock market has had some losses but these were more than made up for by the cryptocurrency part of the portfolio. Proof that diversification is key!

Don’t forget that you can always find an up-to-date overview of all the ‘numbers’ in my portfolio on the My Portfolio page.

Portfolio overview

Portfolio overview

As you can see we are still in the green across the board. My ETFs went down a bit during the month due to COVID getting worse all over the world. A lot of European countries are in (semi) lockdown again, including Belgium starting tomorrow.

The cryptocurrency part of my portfolio is certainly performing the best. It is up around 70% at this moment while the stock part of my portfolio is up around 5%. I’ve always said that cryptocurrencies are a riskier and more volatile investment. The other side of that coin is potentially a higher reward. This is something that we are seeing right now and I do think that there is still a lot of room to grow. But who am I to make that prediction, right?

My P2P lending portfolio is almost totally liquidated. I am thinking about completely removing it from the spreadsheet since I have only €25 of my own money still on the platform.

Monthly Cash-flow

My monthly cash-flow is still the same this month. This month I invested €1200 into the stock market instead of €1000. I had some extra money leftover due to spending almost nothing. I decided to put €100 in two different stocks just to have some fun and to learn a bit more about stock picking. You can read my stock analysis on Albertsons (ACI) here!

Portfolio Allocation

Portfolio allocation
  • Cash: Saved €700
  • Stocks: Invested €1200 – €273.23 depreciation
  • Crypto: Invested €100 – €1863.14 appreciation (!)
  • P2P: Transferred €15 to my bank account

Overall, you can see that this was a pretty decent month. Not counting the P2P transfer I’ve invested €2000 this month which is quite a lot! If only I could do that every month! If everything goes well, I should be able to pass the €50.000 mark at the beginning of 2021!

Overview

This was it again for my portfolio update of October 2020. If you have any questions about my portfolio or investing in general, please feel free to leave a comment down below or contact me personally. I am always very glad to help a fellow investing enthusiast! 

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Alex Hawes
Alex Hawes
10 months ago

Hey Michiel!
First of all, thanks for sharing your portfolio update each month.

I have a question. Do you invest at the beginning of each month (let’s say the 1st of the month) regardless of market price, or do you “wait” for some kind of dip in the market, each month, to invest?

Tanja
Tanja
10 months ago

Hi Michiel,

Thanks for sharing your knowledge about investing in this blog. I also live in Belgium and appreciate all the info. In particular because I live in Belgium too, I have a few questions, if you don’t mind me asking.
Do you use a pension fund due to tax benefits?
Which bank do you use as a saving account? I’m at Argenta with an interest rate of Base 0.01% Fidélité 0,10 % Taux d’intérêt 0,11 % which seems to be standard compared to other banks, or do you have a closed saving account? Sorry I’m really just starting to think about investing and saving.
Thank you! Best regards. Tanja

Tanja
Tanja
10 months ago

Hi Michiel,

Many thanks for your quick reply! I really appreciate it. Regarding the pension fund I have talked to some friends who also had the opinion that it wasn’t really worth it when you do the math, but it’s always good to have another opinion, especially since I just started to think about investments and have barely checked the system and regulations around it! So thanks for sharing your opinion. I might come back with more questions at a later point regarding ETFs! 🙂 But for now have a great evening!

Tanja
Tanja
10 months ago

Hi again! So I do have another question for you if you don’t mind me asking!
You mentioned that at some point you wouldn’t touch the money in your ETFs for the next 10-15years. In which time frame are you looking to invest in an apartment? Say you will buy it in around 2 years from now, wouldn’t it be better to have it in an ETF instead, and say the market goes down, so you just wait another year and buy the apartment then? Or to take a portion of your existing money in ETFs and buy an apartment?
Also if you bought an apartment would you take out a mortgage, and in the particular case of Belgium and the interest rate here, would that make sense? Sorry, I hope this questions aren’t too obvious! Thank you. Best, Tanja

Tyme Lyme
Tyme Lyme
10 months ago

Hi, do you invest in Asia ETF Stock?

Mark Moore
9 months ago

Hey Michiel,

Great blog, nice to see another Belgian FIRE blogger around. Great for you that you started early and are doing so well, keep it up!