#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….

Increasing targets

Changing the long term crypto hold targets

When setting up the #111Months challenge to enable my early retirement, I have set up some target hold levels for Cryptocurrencies. However as time progresses new insights occur.

Where I originally started my crypto travel with $NANO and I still believe in this coin, my focus in time has shifted to TRON and with the current progress in Cardano also $ADA which was there in the beginning is back on my radar.

The graph below shows the 5 years targets, which I set for different coins by the beginning of this year.

Actual vs target (November 2019)

As is visible here, I already modified the target for $XRP as I sold out a significant portion. Also visible is that $TRX already achieved the target and $ADA is getting very close.

The amount of $BTT and $BTC is climbing slowly but steadily by daily stacking and their target levels seem realistic.

All other coins for which there is a target are currently on the back burner and they will receive the proper focus when there is budget left after reaching the desired purchases for the ones in focus.

To the above clear, I have modified the targets for $TRX and $ADA significantly:

Updated targets in November 2019

And the journey continues

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!!

#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.

Pynk

On the lookout for new ways to build #passiveincome in order to fund my #earlyretirement, I came across Pynk.

pynk

Pynk is still a Beta version of an investment platform. Their platform is looking for two type of investors:

  1. Time investors
  2. Cash investors

Time investors

The time investors can invest their time into the platform to make predictions on the value of Bitcoin or they can do a forecast on different type of commodities.

By participating in the platform you can get crowd points, which you can use a collateral for earning wisdom point. For logging in you receive points, for answering forecasting question you receive points, but once you forget to log in for a day some points are deducted.

Pynk2

The accuracy of your daily prediction will than define the exchange ratio of your crowd points into wisdom points. The more points you bet and the closer your prediction is to the reality the more wisdom points you earn.

Than once per quarter your wisdom points are converted to Pynk points, which serve as shares in the Pynk investment fund and with that you will get your share in the profits from the Pynk investment fund.

Pynk3

If you can achieve a top 20 result at the end of the month, you can get an additional USDC reward.

The data provided by the time investors are fueling the artificial intelligence, which is a big part of the trade input process.

Cash investors

Soon you will also be able to purchase Pynk points to fund the investment portfolio and to have Pynk to work with your money to earn more. Of course a portion of this profit will be shared with the “time investors”

At this moment I am a “time investor” but as soon as it is possible I will become a cash investor as well with the purpose to achieve my #111Months challenge an retire at the age of 55!

Telegram

Pynk has a very lively community on Telegram and is worthwhile to bring the Telegram page a visit for more info and for becoming a part of this very supportive community

If you appreciate this blog, please use my referral to join Pynk:
https://beta.pynk.io/r/Carapthian