Portfolio Update – October 2023 ($100k!)

Posted in   Portfolio Updates   on  November 7, 2023 by  Money Bren0

Nothing in this article is financial advice. The writer is not your financial advisor. Investing contains risk and you can lose money. Consult your own professionals before making investment decisions. This article may contain affiliate links. 

It felt like markets were getting whooped in October, but we actually came out okay in the end.

The big story of the month was a surge in crypto and whispers of a Bitcoin ETF on the verge of being approved.

A lot of my stock positions did take a small whack, but nothing to cause any concern.

Niche sites

I will admit that I am totally empty of any interest in working in niche sites right now.

Niche sites are great in that they are remote and can produce passive income when built correctly, but it is a constant grind trying to win Google rankings from your competitors and improve your sites.

In that sense, it can almost feel like a dead-end job – writing more articles and getting more links to get more rankings, only for your competitors to do the same, so you work on even more articles and links and the cycle continues.

Any free time I do get is spent working on this particular site, and I don’t find it all that fun or interesting. Thankfully it still brings in a few hundred USD per month, so it’s not a cash cow by any means but at least there is some reward. However, I think now I’m finally ready to put it on ice.

I have several more exciting things I actually want to work on at the moment, so I’ll be putting my time and attention on those. What’s the point of working so hard and retiring early if you don’t even get to spend time on the things you want!? So, of course it will be nice to see my three sites still drip feeding in some income, but I won’t be spending any time building/improving them at least for the next few months.

That said, if you’re at the start of your wealth journey and looking for something to work on, I think niche sites are a great starting place. You can read everything you need to get started in my free guide here.

Dividends

Had a decent dividend season in October, with four stocks paying a dividend this month (two companies and two ETFs).

In total, the public portfolio cashed approximately $200 NZD from dividends.

Crypto is moving!

As I predicted, crypto has started moving about six months before the halving.

I wrote about the Bitcoin halving and its importance in this article here.

What I believe we are seeing is the “pre-bull” stage of the four year market cycle which has held true since Bitcoin’s inception in 2008.

As I’ve been saying for almost two years, the Bitcoin bear market is a great time to accumulate and the bull market will come back.

The public portfolio now has around 12% in Bitcoin and we’ll see how this plays out over the next 18 months.

If I’m right, I think we could be in for a nice bump in the portfolio.

Portfolio Breakdown

We did it.

Public portfolio has finally crossed $100,000 NZD.

It took us 173 weeks.

Next stop: Quarter mil ๐Ÿ˜‰

This portfolio is made up of:

๐Ÿ’ฅ BOOM weekly savings: $4,459
โ €โ €
๐Ÿšฎ Decluttering: $7,202
โ €โ €
๐Ÿ’ธ Matched betting: $47,847
โ €โ €
๐Ÿ“ฆ Flipping: $2,676 โ €
โ €โ €
๐Ÿ“ Surveys: $150โ €โ €
โ €โ €
๐Ÿ–ฅ๏ธ Simple Courses sales: $9,739

๐Ÿ‹๏ธโ€โ™€๏ธ 1-on-1 coaching: $390
โ €โ €
๐ŸŽ‰ Sharesies bonuses: $145โ €โ €
โ €โ €
๐ŸงงLeftovers from Chinese New Year Instagram giveaway because people didn’t want free money: $90โ €โ €

๐ŸŽLeftovers from 500 follower Instagram giveaway because people didn’t want free money: $300
โ €โ €
๐Ÿ’ฐ Personal dividends: $2,014

๐Ÿ–ฑ๏ธ Niche Site A (Home Remedies): $8,540
โ €
๐Ÿ–ฑ๏ธ Niche Site B (Fitness): $3,297
โ €
๐Ÿ–ฑ๏ธ Niche Site C (Superfoods): $3,428

๐Ÿ–ฑ๏ธ moneybren.com (affiliate commissions): $4,283

๐Ÿ’ต Interest: $78
โ €
๐Ÿ’น Sharemarket gainz: $2,042

๐Ÿ’น Crypto gainz: $3,057

Top 10 Holdings

The only major change is Bitcoin has jumped to the top after its little 30% run.

I’ve also increased the cash position quite heavily by selling off a few old US ETFs.

You can view all previous portfolio updates here.

Everything above can be done by you!

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