October-November Wealth Review: I'm becoming increasingly comfortable with Crypto!

My wealth has increased nicely during October, mainly due to Crypto gains, especially those from the last week, so it's just as well I'm a week late in reviewing my wealth!

The money I drew down from my main shares account a few months ago has been sufficient to fund phase one of my move to Portugal, at a cost of just under £4500.

And I've got enough easily liquifiable assets to spend up to £20K on a nice plot of land, that's REAL land, not the @splinterlands stuff.

I could push to more if I found something ideal: but I'd rather not, as there will be further expenses on top for lawyers, tax, building something to live in, possibly a bore-hole, solar system and probably a whole load of other things I haven't thought about.

Barring a total global economic meltdown, my current wealth should remain intact for the next few months as my my current income (which is actually doing better than I'd expected combined with my 40% cheaper cost of living here in Portugal compared to the UK means I'm actually saving money, which is nice!

Discretion won't allow my to be that obvious about how much wealth I've got, but here's the breakdown:

Breakdown of Non Crypto Assets

These are what I'll be using to buy the land, I'll probably liquify equal portions of each, except for the gold and silver which is sitting in a safe somewhere in the UK!

I did have a lot more in shares until drawing down gradually over the last couple of years, that was thanks to Fundsmith doing so well with over a 400% return over the last decade.

I wouldn't usually have so much in cash, but I drew down some as a covid-crash hedge and because I wanted to start stacking for my land purchase.

The private pension may be small, but that's my voluntary contributions, I contributed just enough for a few years to stop the tax man getting that higher threshold amount. I've not counted my main TPS in this.

Premium bonds - ONE DAY, I will win something other than £25! I've had a few mind, which makes that a better investment than just cash sitting in the bank.

Breakdown of Crypto and Non Crypto Assets

Look at that - near perfect balance, for now!

It's quite possible that crypto growth could see that crypto share creep into the 50% range by next month, 60% by early 2021 and then carry on.

And when I buy land, it could easily go up to 60-90% overnight even if it just holds its value.

I'm very comfortable having a huge chunk of my wealth in crypto going forwards!

NB - I can't compare this with last month's breakdown, as I've changed my crypto calculations to now include LEO and DEC/ Splinterlands - before I didn't include them, I just sort of liked to under-report and treat those like 'crypto under the mattress', but I've decided to include them now, they are doing so well after all! So I will be able to compare from this point forwards, and I'm quite looking forward to that - obviously anticipating some nice growth over the coming months (who here isn't?!?)

Breakdown of all assets, including my house in the UK (minus the outstanding mortgage)

WOW! That really puts things in perspective! That's my house value factored in minus the outstanding mortgage.

Of course it's also the only type of wealth that requires maintenance, so maybe that pie chart is a bit distorted!

Still, I'm glad I've got a house!

Final thoughts

I know we all love crypto, but looking at the above I think to date there's one lesson to be learned about investing: buy a house! At least one of them!

And then some land on top.

And crypto, lots of crypto.

At least something, invest in something - but that's definitely not financial advice.

Posted Using LeoFinance ^Beta