Next phase in portfolio building

Change of approach to build crypto portfolio

In the last 12 Months, I have almost tripled the amount of FIAT money invested in my crypto-currency portfolio. With that some mayor goals are achieved:

  • Enough CITYUPTAKE tokens accumulated for receiving steady rewards;
  • Enough $COTI tokens accumulated as a team effort to run an advanced node when the Testnode is moved to mainnet;
  • A base of $ADA tokens build, staking on the Shelley Testnet;
  • Enough $WINk tokens accumulated to slowly increase the bag on $WINk tokens.
Changes in crypto-portfolio over the last year.

Overall the crypto-portfolio is in profit mainly due to the fact that the rewards (mainly CITYUPTAKE) is driving the dollar average per token owned down.

There is a clear target to increase the stack of (future) passive income tokens for this year.

Passive income carrying tokens target for 2020

The expectation now is that the further build can be done without the need of injection anymore FIAT money, allowing a steady increase of the portfolio value and a reduction of the average dollar cost of all tokens.

BUIDL BUIDL & HODL HODL

Real estate investment preparation

What better excuse to travel than to prepare for future real estate investments..

Some of the key focus points for my future real estate investments are that investment needs to be:

  • located in a touristic area;
  • In the center of a city
  • in a relatively unknown real estate area with future growth
  • Appealing through all seasons
  • Affordable

Mako

So as a family we agreed to visit at least one potential area in Hungary per month. And the first visit was to Mako in the south of Hungary near to the Romanian border.

Mako is mainly known for the cultivation of unions and garlic and because of its famous architect, who uses these vegetables as an inspiration for architecture.

It has some nice tourist atractors, like the “hagymaticum” thermal bath complex, a canopy walk, some nice architecture and a beach at the river for summers. So it is an all season destination.

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The local library
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The movie theater
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Statues
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The Canopy walk in winter
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The Thermal bath

In the middle of the Center there is a nice early 19th century building, with the potential to be improved and posing a great investment for some instant hotel room (AirBNB) set up. With the potential to generate passive income in the distant future.

Second phase of passive income.

After setting up the CITYUPTAKE passive income stream in 2019. In 2020 I want to add:

  • Cardano blockchain based passive income
  • COTI blockchain based passive income
  • Passive income through Pynk

CARDANO

For Cardano I joined the Shelley testnet and although majority of ADA is used to boost the CITYUPTAKE Trade Desk, still a portion is used to receive staking rewards. Waiting for projects like CITYUPTAKE to emerge for serious passive income.

COTI

For COTI, first staking pool participation has begun, now I am saving to have enough COTI to start my own active node.

Pynk

For Pynk I finally accumulated enough community points to be converted into Pynk shares.

For that I had to predict and invest time for 5 months:

I made 148 predictions and 42 forecasts.

Anybody interested in exploring Pynk please use this link: link

2019 the year of passive income.

An overview of how 2019 was the year of building a crypto base

This post gives a summary of how I have dealed with Crypto through the year. I started the year as a small holder of $CITYUPTAKE, a fan of $Nano and $TRX, with high hopes for $XRP and in the state of lost faith in $ADA. $BTC was like dinosaur technology for me. But what did I know? I was only in crypto for 9 months and still a rookie in all area’s.

Since then I have started the #111Months challenge, with the goal to retire by the age of 55 by focusing on a healthy mix of crypto, stock and real estate portfolio. I have turned around this website to document the road to financial independence.

Targeted crypto coins held vs realitiy month by month

A target hold for a wide variety of stock has been created and besides being the co-founder of the Oh!live.hu webshop for selling quality olive oils in Hungary, I had the honor to become and agent for CITYUPTAKE as well.

Value of crypto portfolio since August 2018

The value of the crypto-portfolio (blue line) has increase steadily mainly by investing a significant sum (orange line) prior to the summer holiday. Mainly through the rewards from CITYUPTAKE and the start of CITY Alpha, my investment shows a minor profit at this point (red line).

Passivive income has been steadily increasing:

Passive income 7 day rolling average USD and $TRX per day

It can be said that 2019 was the year of building a foundation for passive income. Mainly CITYUPTAKE and CITY Alpha rewards have been main contributors, with small support from WINk and temporary projects like BOOM. In 2020, $ADA staking and $COTI staking will be adding to the mix, also the amount of dividend paying stocks will be increased and Pynk will be explored for passive income as well.

Hope that 2020 will be a successful investment year for all!

Chasing KYC

Why am I chasing KYC?

As the Crypto world is evolving, regulations are catching up slowly. The US new regulations is a clear indication that in order to be able to engage with US citizens as a blockchain project, one has to comply to these regulations.

For adoption of a bigger audience also this compliance is essential, as compliance will create easier entry into mainstream, which will result in tapping into a larger user base.

It is no surprise that Ripply has created a lobby arm in cooperation with Cardano called the blockchain for Europe association. No less is it a surprise that TRON has hired a former SEC attorney to give guidance in how to handle regulations. Binance has set up its Binance US branch etc. Regulations and compliance is on the move.

Besides the project mentioned above, I am very happy that two of my other favorite projects $CITYUPTAKE and $COTI also take regulations and compliance seriously.

CITYUPTAKE

CITYUPTAKE has upgraded their compliance needs in the last year. Initially only holding a token was enough to be applicable for rewards, end of last year registration was required and in Q4 this year after CITYUPTAKE became officially incorporated a complete KYC needs to be done in their lounge to receive your rewards. On top of this a taxation document needs to be filled in for being tax compliant as well.

The lounge also provides all your historical transactions and a record of all your received rewards

COTI

COTI (Coin of the Internet) has a KYC requirement in case you want to set up a wallet for holding your coins in the official wallet. Staking is only possible through the official wallet and if you have the ambition to be a node also the KYC wallet is required.

All the above gives a clear explanation why $XRP, $ADA, $TRX, $CITYUPTAKE & $COTI are a substantial part of my crypto portfolio as it makes sense to chase KYC.

The Purge

Reviewing my crypto portfolio, I came to the conclusion that during 2019, it has become a big mess. I have some coins, which I really track and for which I have really set a target of the amount of tokens I want to hold in my portfolio:

Crypto portfolio target.

From these “base tokens” most of them have been growing nicely with the exception of $BNB and $GLD. $TRX is mainly CITYUPTAKE tokens converted to $TRX and a huge variation of Altcoins in the TRON blockchain.

As I am addicted to Data, I have been tracking the hold of all the tokens I am holding on TRON Blockchain. I have been actively accumulating 26 tokens on the TRON blockchain and even more passively. Seeing the messy portfolio, I now have taken the decision to clean up. This clean up exercise has been initiated by the recent value growth for $Play and $IGG, providing a good moment to cash out and convert the value to more $CITYUPTAKE and move some into $ADA and $COTI.

So now in time, I will purge the rest of the portfolio, cleaning out non reward giving tokens and gambling tokens once the value exceeds the initial value. $WIN will stay for the time being, $CITYUPTAKE and $CITY Alpha will stay for sure as they are the fuel for my passive income.

For now all TERC based tokens like Game of Tron and Aftermath Island will stay at least until the game is live. $Nole will stay as it gives a dividend in $Nolewater. But all e-sport teams, PRO, Mazer , LimeJuice will go. Beatzcoin will go (although I will use the app). $Vcoin will be cashed out, Egguity and Boom will await the time it will have a better value. TWX and PLAT will go as well and EVO will await the launch of the new game and the level of dividend will drive the decision.

By purging my stack, I will be able to add a significant amount to the $CITYUPTAKE stack and will bring the goal of setting up a $COTI node also closer.

It is time to refocus on the end goal. Early retirement with a good passive income. I will need to be more selective in the coins to invest in.

#111Months November 2019

11 months have passed from the #111Months challenge. Time for a review #passiveincome #ada #cardano #TRON #earlyretirement

#111/11

Summary of the 11th month of the 111 month challenge.

100 Month to go..

11 Month have passed, 100 more to go. What started as a general idea to retire at the age of 55, slowly transformed in a real plan with the following elements worked out

  • Defined a target crypto portfolio;
  • Established 2 participations, generating work and income after retirement;
  • Started to work on community involvement;
  • Defined a roadmap with milestones to reach the final goal.

Summary

#111/11 Scorecard

Both passive income and liquid wealth targets are ahead of schedule, although wealth didn’t show a significant growth.

Passive income

My position in all passive income generating entities is continuously increasing. Both in Crypto: CITYUPTAKE, CITY Alpha, WINk and in conventional shares: Unicum, AbbVie and Altria.

CITYUPTAKE has initiated being KYC and Tax compliant, which decreased the paid out amount of income but prevents future offsetting through local taxation. As the amount of CITYUPTAKE held increased, also the weekly rewards are increasing. CITY Alpha delivered a record return, which offset the low value of $TRX completely. Returns in WINk are low, but accumulation is ongoing for future rewards.

The trading profits in shares have been used to increase the position in AbbVie and Altria.

With all of this, passive income is now at 11% of the final target, supporting a quicker accumulation, creating a boomerang effect.

Staking in Cardano (ADA) will start delivering some additional regular rewards

Loans

Loans still make up 39% of total wealth and are continuously decreasing. In 4 months time one of the mortgages will expire, which will create additional free income, to speed up repayments of debt for the future

Stocks

Again during the month of November two stock flips could happen creating profit too increase the hold of AbbVie and Altria.

Crypto

A position of more than 30k $ADA was build up to be ready for testnet and participate in the Cardano staking which will start in the first half of December. After snapshot a part was converted into CITYUPTAKE to increase weekly rewards.

When $BTC was at a level of $7200, the size of the $BTC bag was increased as well. Besides that daily 0.0025 BTC is purchased to build a strong position.

For the near future, $BTT is cheap and accumulation will be expedited also $ADA will be in focus to build up again as I have high expectation on $ADA performance in the second half of 2020. Also BTFS will do some magic for $BTT.

Once all targets below are achieved, focus will shift from Crypto to regular stock market, but before doing so a major correction of stock market has to happen first.

Crypto targets.

100 Months to go….