May is in the books and the portfolio continues to tick along with ups and downs.
I added about $2,500 to the portfolio during May through the various @moneybren income streams, which we’ll take a look at below.
Matched Betting
I added around $1,000 NZD in matched profits during May.
However, sadly, I think my matched betting time might be coming to an end.
For the last 3 years, Kiwis have truly enjoyed a golden age of matched betting with Tab NZ.
Gubbing was unheard of and we were simply cashing out thousands each month risk-free.
(For non-matched bettors, “gubbing” is when they ban/restrict your account when they figure out you’re making too much money, kind of like how card counters get kicked out of the casino).
Unfortunately, Tab NZ was recently taken over by the owner of Ladbrokes, and Ladbrokes are the most gub-happy bookie ever.
So it’s not a surprise that myself and most other NZ matched bettors have now been gubbed/restricted at Tab NZ:
Sad day indeed!
However, I’ve made around $20k just from matching bets at Tab NZ, and several Simple Bets students have done even better. It’s been the best side hustle I’ve ever had, with my bank account looking like this for the last 2 years:
As of now I have no more active betting accounts, so matched bet profits for me will be zero for the forseeable future.
Was definitely fun while it lasted.
Does this mean matched betting is dead?
Absolutely not!
It’s alive as ever in Australia, and you can still get accounts with most of the major Aussie bookies.
If you’re not yet started your matched betting career, now is the time.
You can learn everything you need in my free guide by clicking here.
Crypto
I’ve slowly been adding to my Bitcoin holding, but it still remains around 6%.
I would like to make this higher, but also trying to be mindful of my low cash allocation right now.
However, I’m still bullish on BTC and believe a bull market should be just around the corner.
Still stacking.
Niche Sites
I’ve been spending quite a lot of my spare time on niche sites – any time I’m not looking through stocks I’m building my sites.
The one site I’ve been focusing on has been giving me some trouble though.
I work on it every day, though am not getting the results that I want.
I’m still hoping to build this income stream to above $1k per month. Right now it sits around $700 NZD, and not very reliable either.
I wrote about what I’ve been working on in this article here.
I’m still a big believer in the niche site space and there are some peers in this space making ridiculous money. I just need to break through and hit the next level. Will get there.
Portfolio Breakdown
This portfolio value is made up of the following:
⠀⠀
💥 BOOM weekly savings: $3,899
⠀⠀
🚮 Decluttering: $7,202 (all detailed in my course Simple Flips)⠀⠀
⠀⠀
💸 Matched betting: $47,847 (get started with my free guide!)
⠀⠀
📦 Flipping: $2,676 (all detailed in my course Simple Flips)⠀⠀
⠀⠀
📝 Surveys: $150⠀⠀
⠀⠀
🖥️ Simple Courses sales: $8,955⠀⠀
⠀⠀
🎉 Sharesies bonuses: $140⠀⠀
⠀⠀
🧧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
⠀⠀
💰 Personal dividends: $2,014
🖱️ Niche Site A (Home Remedies): $6,846 (get started with my free guide)
⠀
🖱️ Niche Site B (Fitness): $2,619 (get started with my free guide)
⠀
🖱️ Niche Site C (Superfoods): $1,698 (get started with my free guide)
🖱️ moneybren.com: $769
💵 Interest: $61
⠀
💹 Sharemarket gainz: $1,262 (get started with Simple Stocks!)
💹 Crypto gainz: $310⠀
Top 10 Holdings
No new additions the portfolio.
I did up my stake in Arvida substantially, putting in pretty much all the cash the portfolio had left.
It’s now the second biggest position, and thankfully has performed well so far. I still think it has a lot of room to run.
Dusk is the one holding that’s been getting hammered after a profit downgrade. I think financially they are stable so I’m not thinking of reducing or selling, but it’s pretty clear I was early/wrong on this call. I still think they have great economics and should pull through. Not afraid of losing my money, but might be a long wait.
You might recall when I first started accumulating MCK it wasn’t because I thought it was such a great company, but because it was so undervalued that I felt losing money on that stock was pretty much impossible (while collecting a 4% dividend). That has played out as planned as the stock has moved very little during an otherwise volatile two years.
At some stage soon though I might start reducing that position to put into better opportunities.
Other than that things are ticking along without much action.
You can view all previous portfolio updates here.
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