What a roller coaster! After the crash of March, the crypto markets picked up very fast. in fact so fast that I have now reached my first passive income goal: I’m over 500€ for the first time in my investing strategy! I will adjust my goal to 1000€/ month when I have 2 consecutive months in a row above that mark.
In April I invested 2099€. The most of this was invested in CRO since this has been my best performing asset so far.
Because of the increase in the markets, my portfolio is now worth 32822€ up from 22350 € at the end of March. That’s 131% of my first value goal and a 10472€ increase in a month! If next month stays above 25.000 I will adjust the value goal to goal 2 of 50.000€.
In April, the income from investments was 689€, that’s 138% of my first monthly goal of 500€ per month!! It’s my best month so far! This is largely due to an airdrop from Crypto.com rewarding their longtime users, so my CRO has been overperforming this month, and we’ll see if I manage to keep next month over 500€. In any case it’s amazing for me to reach this first milestone!
Overview of investments
*MRA% = (Monthly Return Amount*100/Amount invested*12) This helps me to see the monthly income vs the amount invested.
A couple of updates for April:
– I’ve started to remove my investments from Fast Invest. It’s based on a gut feeling, but I also feel that some red flags are showing up for that platform (basically since the markets crashed, they have been overagressively marketing which I think is a result of many people removing their investments from the platform). I’ve also been conflicted about P2P lending since I feel I can be contributing to people being kept in financial bondage by lending to them…
– As you see from the table above, CRO has been performing amazingly in April. This is due to the Syndicate events of the Crypto.com exchange where you can buy selected cryptos at 50% discount, in addition to an airdrop of 5000 CRO I received for being a long time user of the platform.
– I participated in the Auction of Celo.org on Coinlist. You can read a bit more about the project on their website.
Services I use:
Crypto.com to earn interest on my ETH (5%), MCO (8%), CRO (20%) & TUSD (12%).
Bitrue.com to earn interest on my ADA (5.3%).
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%)
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: