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September 2020 Wealth Update - Holding Steady! by revisesociology

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· @revisesociology ·
$10.05
September 2020 Wealth Update - Holding Steady!
My Total Net Wealth has held steady over Autumn, which I'm VERY pleased about, given that I've lost a LOT of income due to Covid, and managed to prep the house to move abroad, and actually moved abroad, with pretty much all of my transitional expenditures paid for already. 

I'm only about $4K down on where i was back in Summer in fact. 

The breakdown of my TNW is as follows. I've decided to stop reporting the actual figures, just focusing on the percentages instead, to be discrete! 

### TNW breakdown (Excluding mortgage and housing) 
![September  2020 Wealth.png](https://files.peakd.com/file/peakd-hive/revisesociology/rtDfVIED-September2020202020Wealth.png)

### Shares 
<br>my main shares account is Terry Smith's Fundsmith's account, and I must say it's weathered the latest crisis very well - I recently took £3000 out as an initial draw down to fund my intended land purchase here in Portugal and the value of what was left was the same as the value back in March when I last took some out! Happy days. 

That and a few other, much smaller share funds, make up around 34% of my wealth. 

### Crypto, ahh crypto! 
<br>It's mainly the combination of BTC rising to a respectable price, everything else following it, the HIVE fork, and my managing to be reward a decent amount of Hive every month (which nullifies the ever decreasing price) that's responsible for boosting Crypto to be my second largest asset class, almost as much as shares. 

To think, it was down at around 10% back in the nadir!

NB I'm not including LEO or DEC in my Crypto or wealth calculations. Maybe I should, I think my total holdings of both are worth about $5K (nuts, huh?!) 

### Peer to Peer
<br>I've temporarily stopped relending ATM - partly covid, and partly because I want my money to stack up for my land purchase. I might re-invest once I've got my land, I quite like lending to small businesses!

### Cash, gold and silver, well they're not exciting, but you've got to have some of each. I like having a bit of cash in Premium bonds, but I'm still waiting for that decent prize. The odd £25 win here and there is a bit of anti-climax, I've got to be honest! 

### Final Thoughts
<br>This autumn is going to see me invest a reasonably sizeable chunk of my wealth, from shares and peer 2 peer, maybe a grand's worth of Premium Bonds too, into some land in Portugal, which I think should end up paying for itself in the long term as that land will hopefully become my home for the next decade. 

I'm far to attached to my Crypto to sell significant amounts of that, and besides, I trust decentralised algorithms more than people, so I think there's more scope for the Crypto price to be buoyant compared to share prices especially!

In the meantime, I'm just amazed, and happy, that my wealth has been so resilient, I was expecting to be a bit poorer. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@revisesociology/september-2020-wealth-update-holding-steady)
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vote details (289)
@felander ·
Happy to see your finances holding up.

Bonds are going negative in the UK, why would you buy those?  

That is worse than having it in your bank account?

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@revise.leo ·
Because you expect everything else to do worse?!?

I think it was Ulrich Beck who famously said the difference between governments since the 1980s compared to those before is that governments used to promise people life would get better, since the 80s they just promised them life wouldn't get any worse, now I guess they're promising that life will get worse more slowly than any other government?!?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@revise.leo/re-felander-5ecpcd)
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@revisesociology ·
Crikey! Isn't that just like terrible news for the British government, the UK finances and most of the UK population? 

This is so much why I just want to get as many of my basic needs met as off-grid as possible! 

I think some bank accounts are now charging people, it's only a few but it's only a matter of time until charging is standard. 

That'll be a real pain for me as I have lots of bank accounts, having taken advantage of numerous 'open one and get £50 or £100 offers!

Lots to close down! 

Crypto and off-grid are where it's at! 

It's damn nice here in central Portugal! 
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@lucylin ·
![aaa1.jpg](https://files.peakd.com/file/peakd-hive/lucylin/dUDRU8P4-aaa1.jpg)

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@steevc ·
Spreading across lots of investments seems like a good idea. Crypto is still very volatile, but could pay off eventually. Hope it all goes well for you. My kids have more premium bonds that I do and they get one or two prizes each year that probably gives a better return than bank interest.
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@revisesociology ·
$0.03
I'm pretty pleased with the spread I've got! 

I'm also quite a fan of premium bonds, but I'm not gonna lie - you do hope for a 5 figure win when you get the 'you've won' email - but it's always just £25! 

The return is definitely better than with a regular bank account. I've got about £4K in there and I've won several times over the 2 years I've had them, which is, well, better than 0.1%!
👍  
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@steevc ·
I don't have that much in crypto, but then if Hive can go as high as St++m did in the past I stand to benefit. Best to have some safer investments too.
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