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A crazy summer of crypto helped me rocket through my second income goal.

A crazy summer of crypto helped me rocket through my second income goal.

Hi fellow financial freedom friends! I’m back from summer holidays with yet another personal record for passive income. This is due to a crazy summer in the cryptocurrency markets.

August Recap

Amount Invested
In August I invested 162€.

Portfolio Value
Because of the increase in the markets, my portfolio is now worth 63595€ up from 39697 € at the end of May! That’s 187% of my first value goal and a 23898€ increase in three months! Since I now have 2 months above 50.000€, I am adjusting my value goal to 100.000€.

Monthly income
In August, the income from investments was 1823€, that’s 182,3% of my second monthly goal of 1000€ per month!! Once again it’s my best month so far! I didn’t think I would reach this goal in 2020, so I’m again in advance on my goals. Since this is the second month over 1000€, I will increase my income goal to 2000€ per month.

Overview of investments

InvestmentIncomeValue
Ada2911780
Fast Invest41465
Earn ETH5210946
Near Protocol01200
Earn CRO161230980
Earn TUSD974776
BTR2407
Nexo2427
Coinmine20142
Celo Gold51472
SUM182363595
*MRA% = (Monthly Return Amount*100/Amount invested*12)
This helps me to see the monthly income vs the amount invested.

Important updates

A couple of updates for the Summer:
– As you see from the table above, CRO has been again performing amazingly in August. This is due to the Syndicate events of the Crypto.com exchange where you can buy selected cryptos at 50% discount. This is also due to an MCO to CRO swap where I earned an extra 20%.
– I joined a coinlist auction for Near protocol, spending some of my CRO to get in early. Near protocol is a scalable competitor to Ethereum, with an all star team.
– Fast Invest finally started to payout, and I will continue to gradually remove my money from the platform.

Services I use:

Crypto.com to earn interest on my ETH (5,5%), CRO (20%) & TUSD (12%).
Bitrue.com to earn interest on my ADA (7%).
Fast Invest for my € peer to peer lending (12,9%). (As I mentioned I’m removing my investment from this service)
Binance for all my other crypto trading
Nexo.io to earn interest on € (8%)

Special offers

Crypto.com
If you decide to download the Crypto.com app, you can use my code when you signup, you will get 50$ if you stake 50MCO:
Code: yfwxp0ygjq

Other posts to read:

An introduction to my investing journey, portfolio and investing philosophy
Starting the journey to financial freedom
I almost doubled my passive income goal

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