Part 2? Why part 2?…Ok…part 2…but why 2019?… You are confused, and you have the right to be confused, but please bear with me a couple of minutes as this article is not that long, but has all the explanations you need.
In my last article, I said we want to reach 2000 USD per month from investments and FOREX trading. Leaving trading on the side, we need 500USD per month from investments and that is the 1st milestone. From here the name of the article, Milestone I.
In each article (that will be 1 per year) we will analyze how far are we to reach that sum. Now, this article is part 2 because it focuses on the passive income of 2019 and the prediction for 2020. The part 1 article will be for the 2018 and 2019 (and yes it will be an older dated article) and to make it easier for you guys to find it I will make a summary each time with the past parts:
Now, that I hope we cleared all the misunderstandings, let’s get to the 2019 numbers and progress and what we hope to achieve in terms of income for 2020.
Passive Income 2019
Considering our investments, only the rent from the studio we own and the investment in P2P pay off so we can consider a generated passive income. The other assets we own, including crypto, are with ‘accumulation’ and just grow over time. They are considered income only if I would sell them completely and divide the sum by 12.
I separated Forex from Passive incomes with the milestones of 1500 USD and 500USD per month.
For 2019 we generated 2750 USD from rent and close to 100 USD from P2P. That is around 2852USD per year, giving us a 238 USD income per month.
Unfortunately FOREX didn’t even reach the positive side, so 0 progress on that front. I’ve traded some crypto in 2019 for about 150USD profit, but all of them where reinvested so we can’t consider them either.
I am looking at almost the same numbers for passive income in 2020: the return from the studio (that will fluctuate with the USDRON pair), return from P2P where I expect a 120-140USD return and as addition, I would hope to a 30-40USD return from stock dividends (but we already know the sum).
This equals 246-250USD per month. It’s a low increase from what we had last year but we just started building the return per year portfolio and not pic assets that accumulate wealth over the years.
For FOREX I was ambitious and I hoped to have a 1000USD return, but considering how the account and the progress are going, I hope to finish on 0 this year.
Well, these are the high hopes for the year and I promise that soon I will get back to you with the article from 2018 and linked on this page.
Thank you for reading this!
Disclaimer: I am not a financial consultant, all the information you find here are my decisions, I taken at that moment, on my own analysis. I am open to any type of discussion about money. If you want to replicate my portfolio take into consideration that it is your money.