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April 2020 Overview

This is my financial overview of April 2020.

Finances

My finances did well this month. The business did generate less revenue (as expected) and the markets returned a profit.

Business Income

Since my business income is related to my personal finance, I will start with that.

In April 2020, my taxable profit from the business was 8,820 euros. That’s just about what I need to make on average to have a 100k gross income. However, it’s less than what I usually make because one of my clients stopped due to corona.

For reporting purposes, I have chosen a goal of 100k in (commercial) profits this year. That’s 8,333 per month. Year-to-date, I made a profit of 49,275 EUR. I’m still ahead of the 100k goal there, but with the virus it still looks like it won’t be an extremely good year.

Personal Income and Expenses

My personal income this month was 3,500 euros, which is the base (net) salary I pay myself.

My total expenses were 2,154 euros, leaving me with 1,346 euros saved (or 38.5% of my net income). Year-to-date, my savings rate is now 48.8%.

Overall, this was a very cheap month. The 2,154 euros total spend include a 940 euros car repair bill, that I budgeted for using YNAB of course. Without that bill it would have been an extremely cheap month, with a savings rate of 65.5%.

Investments and Net Worth

Both stocks and crypto went up this month. Together with my savings, that’s good for my net worth.

DeGiro

My stock portfolio at DeGiro gained over 2,500 euros. That’s quite the rebound! We’re still not back to normal levels, but at least we’re showing green again.

I rebalanced my portfolio to also include two dividend funds. I now invest in VWRL/(TDIV & IDVY)/IUSN in a 60/30/15 split. You can read how to invest in these two index fund ETFs here.

Use my link to sign up for DeGiro. It’s at no extra cost to you, and it helps me run this website. Just click the link of your country and give it a go! NL / DE / AT / ES / IT / PL / SE / UK

Even with the current market correction, I still believe (my opinion!) that it is a good idea to invest in stocks. After all, it gives a possibility for capital growth. If you want to invest in stocks like me, please use the affiliate link above to sign-up for DeGiro. That helps me without costing you a dime!

Mintos

Mintos has been a place of mixed feelings. Originally, I’ve put in 4,000 euros to test this platform, and I have not been adding any more money towards it.

As a starting entrepreneur I need investments that are liquid. So I have taken out almost all my money I had in Mintos. That money is reallocated to stocks. Although the concept of Mintos appeals to me, I’m not sure if I’ll go back to P2P lending after all of this is over.

Currently almost all my money is taken out of Mintos and reinvested into stocks.

If you want to invest in peer to peer lending via Mintos, please sign up using this link. It is completely free to you, and I might receive a small compensation to help me run this website. Win–win!

Grupeer

Grupeer looks like a scam lately. I would not advise to invest any money with them before we know more.

I have written off my entire investment (about 3,900 euros) in Grupeer. That hurts, yes. But I’d rather take the pain now than to pretend the money will come. My take on it is we’ll be lucky (as investors) to see any money back. I’m also participating now in the preparations of a lawsuit, that you can find out about here.

Crypto

My crypto portfolio did well this month, gaining almost 2,000 euros in value and almost making up for the losses in the previous month.

I am waiting a little bit to pull the trigger on the next few sell orders to further limit my exposure to crypto.

Net Worth Progression

Net worth going back up

Blogging

April was quite a good month blogging with 4,038 visitors generating 8,977 pageviews. I didn’t write a single article, so that’s not too bad.

Google sent me 3,269 people this month. That’s less than last month but definitely not bad. I might have to write a few additional pieces these days when I find time.

The best-read new article in April was the March 2020 Overview.

The three best-read old articles are the same as last month (thank you again Google!)

How did your month go?

7 thoughts on “April 2020 Overview”

  1. Very nice month blogging. Keep up the great work FTB!! It’ll be interesting to see how P2P loans hold up during the recession. My gut tells me that some platforms will see some high default rates.

    Bert

    Reply
  2. Is the value of your house (minus outstanding mortgage) included in the graph? Next to that, are your business savings part of the graph? And would you be willing to elaborate a bit more on your portfolio when it comes to crypto (maybe percentages, if you don’t want to share exact numbers)?

    Reply
    • My house and mortgage are included, yes. My business accounts are not.
      With regards to crypto, currently that’s approximately 8k. Stocks are approx 32k. Ideally I would like crypto to make up less of my net worth. I’ll sell off bits going forward.

      Reply
  3. Yes, I stumbled on your page via Google and I just want to say. thank you for the content! Keep up the good work.

    Depending on when you joined the crypto world and bought some cryptos. I would say: hodl and stay bullish on it.

    Reply
  4. Inspired by “goed met geld podcast” and your blog i tried to open an account (with your link of course) at DeGiro. I think you guys inspired to many people cause i’m number 26432 in line…

    Reply

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