Total Portfolio Update: December 2020

Christmas this year has been very unusual, families were discouraged from mixing and presents exchanged in a socially distanced manner. I spent Christmas in Northern Ireland forming a bubble with my partner’s family, despite the very long drive it was very refreshing to get away from home for a little bit.

The month of December has been dominated by working two jobs, I recently started working at a covid test centre for some extra cash. Additionally, I have spent so much on Christmas, but still in budget somehow. Most of my Christmas shopping was done online which I am sure has become a rather common theme. The high street was also hit yet again by lockdown as a new tier 4 level forced non-essential shops to close in large parts of the country; in what should have been the busiest time of year for retailers.

Covid continues to dominate the economy with tier 4 being extended to cover over half of England, which is now in a lockdown in all but name. But one thing that has caused some optimism was the finalisation of a EU-UK free trade agreement which comes into force today (1st January 2021). This agreement continues the trade of goods worth some £668bn with zero tariffs and zero quotas. However, the agreement brings to end the free movement of peoples with between the UK and EU and does not include the financial services sector, a huge part of the UK economy. That being said, it is impressive that such a comprehensive agreement has been negotiated and implemented in such a short period of time. Additionally, this free trade agreement can be further built upon in a future working relationship with the EU.

While stock markets have been relatively uneventful, the star of the shop must ultimately be cryptocurrencies – specifically Bitcoin (BTC). In the last month alone the price of BTC has gone up by $7,516 (38.7%) hitting an all time high of $26,893. I do own a very small amount of BTC and I have definitely seen an increase in value of my holdings. On the flip side, Ripple (XRP) has crashed after the SEC too legal action against Ripple for “illegally selling unregistered securities worth $1.3bn.” As a result many crypto exchanges has moved to delist XRP including Coinbase. Luckily I sold my holdings of XRP on the Sunday before the SEC lawsuit was announced, talk about good timing.

The Total Portfolio

My total portfolio breaks down as follows:

  • Cash: £2,389.81 (+20.47)
  • Pension: £4,851.20 (+192.91)
  • Peer to Peer Lending: £784.66 (+1.97)
  • Stocks: £3,650.88 (+227.47)
  • Cryptocurrency: £442.15 (+29.88)
  • Silver: £107.96 (+13.64)

So my total net worth is £12,326.66 (+586.34)

For a breakdown of my stocks portfolio: here

Passive Income

  • Dividends: £3.58
  • Peer to Peer Lending £1.97
  • Cryptocurrency £2.40

Total: £7.94

All dividends and peer to peer lending interest is reinvested to produce more income. Income from crypto is currently just accumulating in order to hopefully get some capital gains.

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