Portfolio summary

• Current portfolio value is $227,187 after 74 months.
• The change in portfolio value for the quarter was +7.6% (Last quarter $211,147).
• The investment return for the quarter was +7.3% and is currently -11.3% for the year.

This portfolio is made up of:

💥 BOOM weekly savings: $8,263
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🚮 Decluttering: $11,686 (get started here!)
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💸 Matched betting: $47,847 (get started here!)
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📦 Flipping: $2,676 (get started here!)
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📝 Surveys: $150 (get started here!)
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🖥️ Simple Courses sales: $12,241 (view all my courses here!)

🏋️‍♀️ 1-on-1 coaching: $390
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🎉 Sharesies bonuses: $150⠀⠀
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🧧Leftovers from Chinese New Year Instagram giveaway because people didn’t want free money: $90⠀⠀

🎁Leftovers from 500 follower Instagram giveaway because people didn’t want free money: $300
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💰 Personal dividends: $3,541

🖱️ Niche Site A (Home Remedies): $12,899 (get started here!)
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🖱️ Niche Site B (Fitness): $4,432 (SITE SOLD!)
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🖱️ Niche Site C (Superfoods): $8,921

🖱️ moneybren.com (affiliate commissions): $52,300

💵 Interest: $736

💵 Investback Sharesies card: $265
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💹 Sharemarket gainz: $29,976 (get started here!)

💹 Crypto gainz: $22,308 (get started here!)

Bitcoin

Bitcoin remains the biggest position in the portfolio and we had a decent rally this quarter. That was actually disappointing because I was hoping to buy a sizeable chunk at the lows, but it seems I may have missed that. Of course that’s fine, the portfolio already has a big position and there are no plans to reduce that.

I’m expecting Bitcoin to generally follow the same four year cycle we’re used to, which would mean a new peak somewhere in 2029.

Personally I think now is a great time to buy Bitcoin, if you’re new to Bitcoin you can read my free guide on getting started here.

Summerset

Summerset is getting absolutely hammered in the market right now. Stock is down to $7 as I write this, which means it’s selling at 0.5 book, a historic discount.

Have my thoughts on Summerset changed? Not really.

I do think we might be in for some longer term pain, but in terms of the fundamentals I’m comfortable and ironically, business is better than it’s ever been. They’ve been reporting record sales almost every quarter, and they still can’t keep up with demand even building at full pace.

While other retirement villages like Oceania and Ryman have been forced to cut the dividend, Summerset is still paying. I would actually prefer them to suspend the dividend and keep that cash for development, but NZ investors are allergic to non-dividend payers so that would likely crash the share price. And I wouldn’t mind that either, but I understand why the dividend is still being paid.

So you might be asking, why is the stock price crashing? Well – a lot of Summerset’s business (at least theoretically) is tied to the property market. Retirees usually need to sell their homes in order to move into a Summerset village, and with interest rates rising at the last two Reserve Bank meetings, investors are predicting a tougher property market. Rising rates also make stocks less desirable overall, as capital moves into savings accounts. Right now the 10-year bond rate in NZ is hitting 5%, which is a pretty good “risk-free” rate.

I’ve written about Summerset multiple times on the blog and Instagram, here and here for example. Thesis hasn’t changed and in fact is stronger now than it was when I first started buying.

So as for me, I’m still buying Summerset every week.

Deckers

Deckers is another company I like and the share price has taken a hit lately.

It’s currently trading around $80. I started buying at $97. Since then sales are up, profits up, cash flow is up, and they’ve bought back a crap ton of shares and are actively buying back more.

Business is booming, management is doing an excellent job, all brands are growing, yet share price is down 70%.

This is the exact kind of company I’m always hunting for. Deckers is the 6th largest position in the portfolio and I hope to make it bigger. The trouble is the portfolio is fully invested at the moment, so it’s a case of finding an investment I like less and reallocating. Will see how it goes this coming quarter. I’ve written about Deckers on the blog here.

MoneyBren Workshop

This is the new project I’ve been working on for the past few months. After I finished publishing The First $100K, I wanted something else meaty to sink my teeth into, not just another “make some side hustle money” thing.

I built my first game which was something I’ve always wanted to do. I still play it nearly every day, especially if someone’s beaten my score on the leaderboard – it’s a ton of fun!

Since then I’ve also built my first app, Brick by Brick, which I also use every day and is probably the most used app on my phone nowadays. I use it for my to-do lists, to track habits, I use the pomodoro when I’m working, and I use the gym tab every time I work out which is probably my favourite part of the app!

I’m also an avid badminton player and play semi-professionally, so I built a game for the community called Badminton Underground, which I’d also love for you to check out. It’s available on both iOS and Android here!

Finally I built a game called Grand Master Tournament which is now ready for the public to play here.

These projects are all being built under MoneyBren Workshop, the new studio arm of @moneybren. I’m documenting this on the blog and building everything in public. To be honest, I’m doubtful any of these projects will ever earn any income worth talking about, because that’s just the reality of the app world. However, I’ve been learning so much and it’s been tons of fun. Go check out what we’ve built, I’d love to hear what you think.

Portfolio is passive

Portfolio is almost fully passive.

Other than some reallocating, I don’t have any active income streams going into the portfolio. It earns dividends and it gets the standard $25/week that we’ve been topping up since the beginning. The niche sites I built a few years ago still drip in a few hundred each month.

With everything I mentioned above, my time is spread quite thin nowadays! And I’m focusing more on building long term assets than side hustle incomes. Plus, if you’ve been paying attention, that is exactly the game plan! Focus on building capital at the start, then growing and maintaining capital as you grow. As the portfolio is now around the quarter million mark, we’re at a different stage in the journey. I can let the portfolio grow on its own while I focus on bigger and better things.

See you next quarter!

You can view all previous portfolio updates here.

Everything above can be done by you!

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