#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….

Vision, goals & roadmap

Roadmap is there

After an inspiring week, where the innovation center of one of our biggest customers was visited, where CITYUPTAKE is really stepping up the plate concerning compliance with SEC requirements and where Cardano is getting closer to the implementation of staking, I had a lot of inspiration to think about the future and the roadmap of Carpathian-Basin.

This resulted in updating the vision & goals section of the Carpathian-Basin website, and also in creating a first shot at a roadmap for the #111Month challenge.

Carpathian-Basin roadmap

Never stop chasing your dream!!

Crypto portfolio tracking

My blogpost on Carpathian Basin explaining the crypto portfolio

My Crypto portfolio showcases the various crypto projects in which I am invested and in which I see the potential for wealth increase in the future.

Crypto projects.

The Blockchains I am invested in are the following:

  • TRON
  • CARDANO
  • BITTORRENT
  • RIPPLE
  • BITCOIN
  • NANO
  • WAVES
  • WANCHAIN
  • GULDEN

For Crypto progress I am tracking the value of the following chains in details: TRX, XRP, BTT, NANO, ADA. The other projects’ bag is still to insignificant to be tracked in detail.

Portfolio profitability of tracked projects

The portfolio profitability shows how much the value of the total hold of the coin is versus the money invested in the coin. It is visible that with the current values (November 4, 2019) only $TRX is in profit, while $BTT is not too far off. $NANO, which was the first Crypto I bought in March 2018, still has a far road to travel.

Profitability of Crypto investments

The graph above shows the value of the tracked Crypto portfolio (blue) versus the invested amount of USD (orange) and the resulting profitability of the portfolio (Red). Due to the fact that the vast majority of my crypto hold is TRX and that is the only coin in profitable status, the whole portfolio is profitable.

Within TRON blockchain, I have invested in several projects bringing passive income. The majority of the passive income is coming from CITYUPTAKE and WINK.

Passive income on TRON blockchain.

The daily passive income is continuously growing to a level of close to 20 USD per day. The average daily TRX rewards are close to 900 $TRX per day. This passive income is a key element on the #111Month challenge

#111Months October 2019

Summary of the 10th months of the 111 months challenge

#111/10

Passive income

Due to the fact that the majority of the passive income is coming from the CITYUPTAKE returns, which value is directly connected with the value of $TRX, the passive income has decreased in October compared to September. First passive income was received from the Stock Holdings as well.

WINk and BOOM have become good passive income providers on the  TRON blockchain as well and the revenues are used to increase the hold in WINk for long term income. 

111Months10

Loans

The amount of money in outstanding loans has decreased significantly versus the total amount of wealth and is now standing at 39% of wealth.

Stocks

The Fitbit stock was sold with a 35% profit and part of that was used to increase the stake in passive dividend paying stock Altria and a portion was used to buy another speculative stock PG&E which had a recent big drop.

Crypto

Tron recovered slightly and the vibe is very good with the cooperation with Samsung. This bodes well for the vast majority of my crypto holdings. BTC I keep stacking continuously by adding 0,0003 BTC to my stack each day independent of the price. CITYUPTAKE is giving me through its rewards at least 3k TRX tokens per week, which is slowly increasing the stack. 

And as Cardano is getting closer to the possibility of staking and the Shelley net is to be launched soon, this is the next Crypto on which I will focus to build the stack.

Continuous decision

With investment emotion is a big factor. It is important to be honest to yourself. Are you an emotional person when it comes to investments? Are you quick to be drawn into a FOMO? Are you likely to have a panic sell when prices drop? Have you done impulse purchases in the past?

When your answer is yes to most of the above, it is best to steer away from the temptation of emotion impacted investment.

I have done so by locking most of my investments and making them difficult to touch. Instead of trading, I put a significant part of my holdings in the hands of transparent and compliant professional traders like CITYUPTAKE and soon also accompanied by PYNK. These are taking care of my funds while generating a nice passive income. With that passive income, I can choose to re-invest or to use it for more risky investments.

Besides CITYUPTAKE and PYNK also nice opportunities are opening up at Cardano, which is soon to be ready for staking as well.

So the monthly decision is now, what to do with my investable money? Crypto or stock? CITYUPTAKE or PYNK?

In the end I know that as long as I am not trying to trade myself, the return on my investment will be good whatever decision I take.

Fast Bullits Hungary Rally

Planning to enter the Fast Bullits Rally Hungary

Today I had a chat with my Tennis trainer while playing. He is the organizer of the first Fast Bullits Rally in Hungary, which is loosely inspired by the Burt Reynolds movie.

The idea is to have a three day Rally through Hungary, driving from city to city while having fun as well. One night the intention is to stay at a go-kart hotel in Kecskemét. This is a hotel with a private go-kart track. Another destination for this rally will be the Hungaro-ring, which is where the Hungarian Formula 1 race is driven every year at the end of July.

The date for this rally is set for somewhere late August in 2020 and the amount of participating cars will be capped at a number of 100.

Further details are still in preparation. But this guy has got my blood pumping. This is a great opportunity to get visibility for all the brands and companies I am supporting. Front and back sponsoring of the car is limited to the logo of the Fast Bullets Hungary rally. But the sides of the car are still open for sponsoring.

I could imagine some of the following logo’s on the side of the car I will be driving through this rally:

A nice opportunity to bring name and fame to the brands which are the chosen ones to ensure my possible early retirement from the corporate world.

But first to find a car!

#111 Months

In January, I started the #111Months program, to try to be in a position for early retirement in 111 Months.

111 Months

After 5 months I have achieved a blended 4,3% of the final target (helped by the small surge in value of crypto-currency.

The goal is to acquire enough wealth combined with Passive income to be able to retire at the age of 55 (111 months from start) and be able to survive by means of passive income, without eating up the wealth.

The approach is:

  • Pay back existing loans, decreasing negative wealth and having more spendable income to build up wealth.
  • Maintain position in Brewdog shares
  • Maintain and slightly increase position in Crypto
  • Reinvest weekly CITYUPTAKE rewards to increase further passive income
  • Build a position in dividend paying shares.

Besides being able to retire after 111 months, the ambition is to have a solid social media presence by that time as well, so I can retire in my home office and can do investment management, while engaging in the crypto social media. The two chosen channels are:

  • Twitter
  • FriendsterIO

Twitter has been chosen because of the historical Crypto engagement. Current amount of followers is just above 100, the target is to have 500 by the end of the #111Months project.

FriendsterIO has been chosen as I believe this is the future of social media. A young fresh new social media site, with integrated Crypto functionality. Non censored and decentralized. The target is to have 1.000 followers by the end of the #111Months project.

Friendster top post

On way to get more engagement on Friendster is by starting the weekly “Castles of Carapthian” game, which his hit the top of the most popular posts section.

New updates will follow…