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February 2020 Overview

A wonky February has passed. Time for a long-due overview!

Finances

Finances were good, except for my investments, which were plummeting along with everyone else’s investments! Let’s dive in.

Business Income

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

In February 2020, my taxable profit from the business was 14,321 euros. Amazing! Whoohoo! Of that, 288 euros came from online income such as affiliate marketing on this site. The rest was invoiced as billable hours from the consulting part of the business.

For reporting purposes, I have chosen a goal of 100k in profits this year. That’s 8,333 per month. Year-to-date, I made a profit of 19,456 (Jan and Feb combined). That’s on-track to beat the 100k goal this year by a healthy margin (even considering things like taking days off).

Personal Income and Expenses

My personal income this month was just 3,700 euros, which consists of 3,500 taken from the business (my regular “salary”) and 200 euros income from the podcast I co-host (about personal finance, in Dutch, check the Goed met Geld Podcast).

My total expenses were 1,457 euros, leaving me with 2,243 euros saved (or 60.6% of my net income). Year-to-date, my savings rate is now 30.4% and that is considering I didn’t pay myself in January.

Investments and Net Worth

Both stocks and crypto went down down down this month.

DeGiro

My stock portfolio at DeGiro gained lost over 3,200 euros, which is 10% of its value. Stocks were valued quite high at the moment, but corona really knows how to kill this. As I’m writing this mid-March, I know what next month’s overview is going to show: more red numbers!

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. I do plan to return to Mintos once my business finances are fully healthy – I like the diversification.

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

With Grupeer, I maintain the same strategy as with Mintos. I have put in 4,000 euros in total, and for now that’s enough. For now I will not add any more funds, and take out the cash that is generated in the portfolio. I do plan to resume investing with Grupeer soon though.

If you also want to invest in Grupeer, please consider doing so via my affiliate link. I might receive a small fee if you do, which helps me put out great content for you in return.

Crypto

My crypto portfolio did shit this month, as it lost almost 1,500 euros in value.

I’m still working on selling off crypto to let it be less than 5% of my total net worth. It’s currently not profitable for me to sell, so I’ll wait it out a little bit longer. And with these corrections downwards, it’s starting to look like 5% very easily already!

Net Worth Progression

Net worth went down due to all the market movements

Blogging

February 2020 was not a great month on the blog, but I did see 3,849 visitors generating 9,300 pageviews, while I wrote almost nothing! That’s not too bad.

While my overall traffic went down compared to January, my Google traffic went up from 2,700 to 2,747. That doesn’t seem like much, but it is 30% in February versus 24% in January.

The best-read new article in February was the January 2020 overview.

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

How did your month go?

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