This is my third Quarterly report. Now is the first time when I compare my figures from one quarter to another. You can check out my previous quarter report and I hope you enjoy my current Portfolio Quarterly earnings report quarter 2 2020.
The idea of this post is to show my active and passive income streams and highlight the profit and loss statement, the investments done and the returns. In parallel to this, I will mention the challenges faced and the decisions I took to overcome them.
If you are reading an older post, but want to check my progress towards my goals, then you can check my passive income goals or just check out my monthly updated portfolio. If you are interested in the passive income article, just click passive income in the menu.
Active Income
Consulting Firm – My consulting services
As you may know from my previous report, the revenue and scope of my business is not something that I am currently comfortable to disclose. This is still my bread and butter (>90%) of revenue and I must respect my customers and my company’s confidentiality.
On this area, I have continued promoting my website via a total cost of 493 EUR for Hosting, SEO services. This is ~100 EUR less than the prior quarter and I intend to bring it further down. Even though my eBook venture is a clear loss, I almost started getting an additional customer that could of brought my loss to an end. As this did not yet materialize, I will continue with minimal business promotion and improvements. My YouTube channel now has 102 subscribers, and my business blog had OKish statistics this last quarter.
As for my eBook sales, since I transferred to PayHip I have a profit of 20 EUR and managed to get the below statistics for this quarter. Please keep in mind that I had a PROMO with FREE eBook during 2 months of the COVID-19 Pandemic.
Personal Blog
I still have no revenue from the blog. This is currently only generating a cost which I expected as the initial investment. I am still keeping this blog separate from my main business one and as I do not have a proper reader base for now, I do not expect to gain revenue from the blog, but I hope to start increasing the number of readers.
The total cost for the blog was of 111 EUR for this first quarter and I intend to further bring this down.
The number of clicks from Google and profits made from the blog are listed below:
| What | EUR | Comments |
| Ads | 0 | No ads on blog for now |
| Affiliate | 0 | Nothing so far |
| Donations | 0 | No donations button on blog for now |
| Total Revenue | 0 |
This means that I am currently at a loss of 584 EUR with my company’s website and personal blog for this quarter. All I can say is that my hosting is paid for the year and that I slowed down the SEO services for both. My aim is to bring this to a halt in the next quarter. What I learned was that I cannot stop it abruptly as it may impact my rankings.
Passive Income
Paying off Debt
As you remember from my active and passive income streams article, I consider paying off debt a good part of my passive income. Why? Simple – reducing the amount paid in loans increases the amount invested.
There was no further prepayment on the mortgage this quarter, but the money is there and waiting. Due to the pandemic, we decided to play it safe and further wait with prepayment on the mortgage until things are a little bit more stable.
Stock and ETF investments
The core of my passive income is my investing. This is the area towards which I want to allocate most of my savings and go long. As my strategy is buy and hold, I can easily flag this under my passive income stream. During this quarter I have added some GOLD and some stocks that I flagged under the series of articles entitled The Experiment. This is based on research I did not do myself, but from which I picked what I could and what I thought that might make a 10x return in 5-10 years time. Check out the first update after 2 months since the initial buy orders.
The key news of this quarter is the sale of Etergo to OLA Electric. This hit me with a 95% loss for the 13350 shared that I held of Etergo. Frankly, I am not happy about it at all and there is already a community of shareholders that are trying to fight this, or at least try to understand what happened and why did such a painful sale has to happen. For those interested in further details, you can check the road from 0.33 to 0.017 a share. What does this mean to my financial portfolio, well this means a 5100 EUR hit (%10 of my investments), but an actual loss of 4167 EUR. The difference is mainly due to the comparison of the unrealized value as the stock was evaluated at 0.40 prior to the news of the sale to OLA Electric.
Besides the Etergo issue, my other stock investments did well and countered the loss I had last quarter. This brought my 5100 EUR loss to a much smaller figure. Overall loss for Q2 2020 in unrealized profit: 1665 EUR which leads me to a total unrealized profit of only 1746 EUR for my investments since inception.
Venture Capital investments
| Symbol | Position | Currency | Market Value |
| Carwow | 447 | GBP | 1,500 |
| Etergo | 13350 | EUR | 238 (loss of 5102) |
| Total | EUR | 1903 | |
| vs previous Q | EUR | -5102 |
Single Stocks and ETFs
Due to the outbreak I have added some stocks and ETFs to my portfolio. I have marked them below as new additions to my portfolio. Some are new and some are just increases in my current positions.
| Symbol | Currency | Market Value |
| 2343 | HKD | 4405 |
| 4GLD | EUR | 2546 |
| AAPL | USD | 3671 |
| AEO | USD | 221 |
| AIR | EUR | 1986 |
| ATVI | USD | 1552 |
| BABA | USD | 2247 |
| BIDU | USD | 1243 |
| BMW | EUR | 1165 |
| BRYN | EUR | 3202 |
| CGG | EUR | 184 |
| CLF | USD | 271 |
| COKE | USD | 2327 |
| CSEMUS | EUR | 1906 |
| CSSPX | USD | 6298 |
| CVET | USD | 535 |
| DPW | EUR | 995 |
| DRO | AUD | 1120 |
| EQQQ | EUR | 2720 |
| EXK | USD | 227 |
| EXS3 | EUR | 900 |
| FCU | CAD | 374 |
| FCX | USD | 1160 |
| GCM | CAD | 289 |
| GILD | USD | 769 |
| HLX | USD | 750 |
| INRG | EUR | 265 |
| IWDA | EUR | 2698 |
| MCD | USD | 1109 |
| MEUD | EUR | 1837 |
| MVOL | EUR | 1754 |
| NCU | CAD | 990 |
| NEE | CAD | 340 |
| NESN | CHF | 1058 |
| PVG | CAD | 237 |
| RADA | USD | 1634 |
| TDW | USD | 184 |
| TLRD | USD | 70 |
| TNOW | EUR | 2529 |
| URG | USD | 283 |
| UUUU | USD | 366 |
| WSML | USD | 1455 |
| XOM | USD | 889 |
| Cash | AUD | 0 |
| Cash | CAD | 9 |
| Cash | CHF | 18 |
| Cash | EUR | 1202 |
| Cash | HKD | 84 |
| Cash | USD | 592 |
| Total Invested | EUR | 50090 |
| Total Market Value | EUR | 56242 |
P2P Lending
During the COVID-19 pandemic, I have noticed that governments tend to lower interest rates and try to boost the economy. Besides this, there are a lot of people who become unemployed and several sectors are badly hit financially. As most of my loans are either on real-estate or on small loans, I start to lose confidence in the lenders ability to guarantee them as more and more borrowers will have to postpone their payments. Due to this I managed to successfully withdraw most of my investments from Mintos and Crowdestate, even if some were at a loss.
When I draw the line, my P2P investments are still profitable, but I have one big loan still in pre-bankruptcy proceedings with Crowdestate. If this does not go well, then I will be at 0 when summing up these two platforms.
The below are the overall statistics, but when comparing to the previous quarter, this one I made 64 EUR. Please keep in mind that this is after I pulled out of P2P lending.
| Invested | Profit/Loss | Total | |
| Crowdestate | 7,040 (-5532) | 103 | 1867 |
| Mintos | 8,000 (-6552) | 879 | 1772 |
Sell eBook online
Not a lot to say here, in total I sold 2 more eBooks. I mainly gave the eBook for FREE and had a decent number of downloads ~100 for the free copy.
The main changes is that I use PayHip now and i like it more than Teachable when you are selling eBooks. The reason why I choose these two platforms is because they manage VAT and to an European seller, this is of importance and less of a headache.
Just a reminder of the number of eBooks sold versus the number of free previews for the last 3 months.
Sell Course online
A complete revamp of this was put in place. The current approach is to create free YouTube videos in order to promote the eBook and improve the existing articles on my company’s site in order to boost eBook sales.
This will mean that 70% of the context of the course I was thinking about will be free and on YouTube. I plan to monetize it once I either have the 1,000 subscribers (35 so far) or 4,000 hours (52 so far) of public watching via YouTube. Until then, I have to wait.
So far, I was able to create 5 videos and I am still pending 19 more in order to cover all my articles. Once this is done, I will shift my focus and start creating videos for this personal goals blog.
Starting with the next quarterly report, this section will be removed.
Affiliate marketing
At this point in time I do not have the actual time, nor the willingness to invest a lot in affiliate marketing. The only improvements I have done here was to add some banners on the side bar for P2P lending, Hosting and Fiverr. You can check them out or you can just go to my Resources page to see all the items for which I am an affiliate.
YouTube videos
Last, but not least is YouTube. I have already hinted to this in a previous chapter, but I am happy to say that I have +10 subscribers and +50 public hours of videos watched compared to the previous report.
Starting from next quarterly report, my online courses section will merge with this areas as I will focus via YouTube to improve eBook sales and cover 70% of the course for free via this platform and with embedded videos on my company website blog articles.
Last month I have created a Instagram page for my cats. I am currently trying to gain followers to see if my cats can become influences. If you love cats and want to check them out, just go to Amazing5Catsor just check out the image at the end of the post.
Conclusion
In order to conclude my Passive Income Portfolio Quarterly earnings report for Q1 2020, I have listed below the overall profit and loss across all mentioned segments.
| + | – | |
| Company | N/A | 1,146 |
| Blog | 0 | 165 |
| VC | 934 | 0 |
| Stocks/ETFs | 0 | 222 |
| P2P Lending | 1856 | 0 |
| eBook | 21 | 0 |
| Course | 0 | 0 |
| Affiliate | 0 | 0 |
| YouTube | 0 | 0 |
| 2,811 | 1,533 | |
| Bottom Line | 1,278 |
I am happy to say that I am at an overall profit of 1,278 EUR between Dec 19 and Mar 20, but I lost 766 between Jan and Mar 20.
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