Category Archives: portfolio

01 Jul

Half a year – gone. Summer mood but yet we need to report :)

We marked the first 6 months of 2019, and we kick into the second half of the year. Unlike the beginning of the first 6, now summer is in full swing, so planning for work, achievements and budgeting takes wayyy more effort. 
Having in mind the location where I live – Malta, the island spirit of beaches barbeques and boats, even if you don’t have a boat, the whole laid back feeling rubs on you.

Here are my purely summer goals:

  • I have set a summer goal to get tanned this year – which will happen for the first time in the 6 years I live here – working on that 🙂
  • Also, I decided to work out more as I found the joke “how to have a beach body 1. You have a body, 2. You go to the beach” too amusing. Which means TLC is needed.
  • I also decided that I fancy having a keto diet, which means bbq as many times as possible – my ancestors will be proud with me :))) 

Hedonistic goals aside, what’s cooking in the financial kitchen of the girl on a journey?

Investment portfolio

With regards to investing I must say that things are steady with the p2p lending platforms. Iuvo group, Envestio and Mintos continued a stable high yield (according to the size of the investment, of course). I have noticed that Envestio has not published any new projects, but I wasn’t going to invest anyway, so for me, it is good enough that the very small amount I have invested there has a stable return.  Klear is one of the platforms which is with a conservative yield of 7,5% comparing to other p2p(more than their own prognosis), but they are very selective with their customers. Very rarely there is a credit line with more than two instalments delay. In that respect, I would say a very stable platform where my money feels safe. 

A bit of a disappointment with Housers. I invested in a project in April, and it did not collect enough funds, they decided that they will have two more cycles of 20 days of investing, which left my money hanging without generating anything. No breach of rules here, but unlike Envestio who don’t offer any opportunities, they watered down with a bit too many opportunities at the same time. Which led to the slow financing of some.
All my development loans are doing well there. Yet to experience a buy-to-sell profit from the platform, rentals are steady. 

I sold my shares of the only investment which didn’t generate any rental – my very first investment, which I got on the secondary market. When buying from the secondary market, there is no fixed rent. Growth mistakes… 

This month I made a very exotic investment, which will not generate any income in the near future but will increase value with time – I invested in art. An artist I follow since a few years and I think that her paintings beside gorgeous, will increase in value. For now, I will get the pleasure to enjoy the painting.

Debt situation

I have hoped to be able to retire my car debt by my birthday – on the 14th of August. I got a side hustle for that purpose and also some small online gigs. It seems I will get pretty close to that but I have not calculated that some payments come in when reaching a threshold and after a certain period of time. So my small passive income flows will be of help but I doubt all will happen on time for my birthday. Having said that – I will be really close and by October that will be crossed off for sure. 

October is the month I plan to reach my yearly goal for the investment portfolio as well.

Job and entrepreneurship

Despite being in a pickle for having fewer hours than I am used to at my day job, I am open to seeing new opportunities for working online. I am currently testing low content niches on Amazon kdp, alongside with the book I published for Cimen Runar (adult content). 

I am lucky to have graphic design skills which I keep up my sleeve, and created some very good manga/ comic layouts and some tarot card diaries. For my content, I chose the pen name Mimi Seva. 
Also working on a prompt self-development workbook, which has to be published by – yep my birthday :)))

We have a running joke with a friend of mine about the parking lot (not trying to steal it from him, as it has its place in the second book of the trilogy) – let’s say I quote him.

If there are too many free parking spaces on a parking lot, you suddenly have a problem – you can not choose where to park. 

I have a similar problem – with regards to choosing an online occupation which has immediate remuneration, all is fantastic with my current projects, but they take time and patience. And when you are on a debt repayment journey, patience is not high on the priority list. I am well aware that you don’t eat the fruits when you plant the seed, but you better have some fruit-bearing plants in hand.

Happy second part of the year!

Read about my Iuvo-group experience here
And about my Housers experience here
About my Klear experience here
And you can check my whole portfolio here

21 May

Exploring different niches – side hustle is a good way to grow

How many times have you heard of stories, how someone left a safe job and went all way in into their passion and it worked good. Do you have the inner hunch to do so as well? Do you wish to burn all ships, so it is a certain win or certain death, as there is no way back. 
In order to take a proper decision how to advance on your path, you need to answer a few questions.

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05 May

Monthly update on the financial journey

How did April go?

As every month I update my investment portfolio and debt repayment.

Lets start with the ugly 🙂

The month of April was a high expense month, comparing to the normal cash flow, as it is a month for road taxes and car insurance for me. I swore that I will never buy a property or a car around Christmas or significant Birthday’s as it means that every year for the duration of the time I own the car or property a huge expense in a tax form would occur. So the month of April is a pretty safe choice when it comes to treating myself to a big price tag purchase.

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24 Mar

Cutting loose from the sunk cost fallacy

Have you ever heard of sunk cost fallacy? I haven’t till a few years ago when a lecturer on Economical behaviour was explaining how exactly so many people got hooked to Farmville. At one point apparently, there were 84 million Facebook users playing that game. As it seems our human brain has few biases which were formed to aid our survival as species, one of them is the sunk costs. Simply put – we tend to commit to unfavourable situations because we have made an investment – money, time or emotions (sometimes all 3 of them)

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21 Mar

A new chapter – even with a baby step

My first experience with forex trading was in 2006 and the very sad and challenging 2007. I remember the elation with which we entered daytrading and how after the 4th month we felt like we have figured life out and all was pink and RICH :)))
Little did we know, that we were yet to experience a world crisis leading to a personal crisis in our trading accounts. Although we followed the rules trading with only 10% of our balance, that was not enough to keep our positions open for very long time. Our pink lenses were shattered in pieces in a very short period of time and we decided to revert to traditional ways of earning our money. No, we were not employed to chisel stones by an Egyptian pharaohs but conventional job felt like sweat and tears for a while. 

 I would say that although money was lost in the process a valuable self knowledge was gained. 

Insight #1. Know your weaknesses

Daytrading is not for everyone – my risk tolerance is too high and it would be more beneficial for me to concentrate on building long term portfolio. People with high risk tolerance can be very successful but can fall from very high. High risk tolerance and daytriding are not good for people who have a history of heart and nervous system health issues in their family, which was my case. The adrenalin rush and my cortisol levels are too high to handle such a lifestyle in a healthy way. If I was to continue and the crisis didn’t happen, the consequences would have been bad for my overall quality of life, although very lucrative.

Insight #2. Turn the weakness into strength

High risk tolerance can be of benefit too. There are different ways to fulfil the need for higher risk. One of them is to invest in innovative platforms like p2p lending. The Fintech sector is a relatively new sector. Although many investors have already few years of experience with it under the belt, we haven’t experienced a big hit on it as 2007 was for more traditional investment platforms. So I consider my decision to grow my dough in a fintech manner a good way to quench my high risk thirst. Within the platforms, my portfolios are mid risk and with buy back guaranty. Automatic investment is a must, the daily report is nothing more than reassurance that things are on track – no big drama there. 

And the baby step in a new (old) direction.

In my last article I mentioned that I signed a contract with a trading broker, to use their platform to purchase shares. Now for many of you there is nothing of high risk in that.
For me it was a symbolic step – on many levels. One of them – overcoming fear after crashing once, although I never traded stocks, I traded currencies at the past.

I also wanted to buy my first stocks either on 14th of February or 8th of March, as a symbol of love and respect to myself and my financial wellbeing in my future. Did not manage on those two days to purchase my first stocks but I decided that the whole month of March is the month of “women who create history”. Well in my case, I created just a small step in my own history – 18 of March was the day when I bought my first stock shares in my life.

The amount is laughable, but is my own start. According to my calculations, in order to make the minimum fee of 1,5 eur feasible one needs to invest roughly 255 eur. However I was experimenting with different account top up methods (you can see them here), and 10 eurs were gathering dust in my account, without working for me. I figured that if I use them to buy shares, would be way better as the share value would go up eventually. Said and done – I own 6 shares of Bulgarian IT company, who’s focus is Internet of things. I did my happy dance, as it was a step for me on so many levels:

  • Overcoming fear of failure
  • Leading by example as a woman making an investment decision during the Women’s month
  • Choosing a young IT company with innovative thinking, with a concept in coherence with me

All those baby steps in one (all that with the monetary value of an English breakfast 🙂

Happy growing of your dough, dear ones – I managed to sprinkle a bit more yummy ingredients this month!

07 Mar

Do women invest?

I know this question would sound rather silly in this century, when a lot of women are successful entrepreneurs, but I do believe that with regards investments there is still a gap. And celebrating 8th of March as Women’s day, I ponder around the topic – women and investments. 
We have many examples of successful girls when it comes to budgeting, debt  repayment and household income. But very few I hear go the extra mile and make  their hard earned money work for them.

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28 Feb

Revolut vs Transferwise

Game changer in my investment portfolio

Revolut VS Transferwise

When it comes to comparing Revolut Vs Transferwise, we need to take in consideration how many of the products that they offer we need, and more importantly which currencies are we going to use the platforms for. I will use both for sure, according to the specific needs.

I have been reluctant for a while to open a Revolut account as at the past there were some negative reviews with regards money in transfer taking too long and not a very quick customer support system. After months of refusing to even consider the option and seeing more and more people around me sharing bills, having instant transfers and using Revolut for practically everything I got convinced I should give it a try.

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11 Feb

Homework of the week – Business plan for Airbnb

Ideas which have been on the shelf for quite some time – passive income generating AirBnB

This week my mind is occupied with another dream of mine which I was preparing since about 3 years 🙂 setting up an AirBnB. 
I do not own a property suitable for AirBnB, but there is a property at our disposal currently which stays vacant for quiet some time. Beautiful location, facing the Marina with gorgeous yachts. So it is a pity that people who would love to visit the island of Malta don’t have the opportunity to stay at such an awesome location.

The current state of the flat is rather dated and there is no furniture besides two sofas in the living room. It is in deed as a dream come true, as I love decorating and furnishing challenges.

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