My wealth has increased nicely during October, mainly due to Crypto gains, especially those from the last week, so it's just as well I'm a week late in reviewing my wealth!
The money I drew down from my main shares account a few months ago has been sufficient to fund phase one of my move to Portugal, at a cost of just under £4500.
And I've got enough easily liquifiable assets to spend up to £20K on a nice plot of land, that's REAL land, not the @splinterlands stuff.
I could push to more if I found something ideal: but I'd rather not, as there will be further expenses on top for lawyers, tax, building something to live in, possibly a bore-hole, solar system and probably a whole load of other things I haven't thought about.
Barring a total global economic meltdown, my current wealth should remain intact for the next few months as my my current income (which is actually doing better than I'd expected combined with my 40% cheaper cost of living here in Portugal compared to the UK means I'm actually saving money, which is nice!
Discretion won't allow my to be that obvious about how much wealth I've got, but here's the breakdown:
Breakdown of Non Crypto Assets
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These are what I'll be using to buy the land, I'll probably liquify equal portions of each, except for the gold and silver which is sitting in a safe somewhere in the UK!
I did have a lot more in shares until drawing down gradually over the last couple of years, that was thanks to Fundsmith doing so well with over a 400% return over the last decade.
I wouldn't usually have so much in cash, but I drew down some as a covid-crash hedge and because I wanted to start stacking for my land purchase.
The private pension may be small, but that's my voluntary contributions, I contributed just enough for a few years to stop the tax man getting that higher threshold amount. I've not counted my main TPS in this.
Premium bonds - ONE DAY, I will win something other than £25! I've had a few mind, which makes that a better investment than just cash sitting in the bank.
Breakdown of Crypto and Non Crypto Assets
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Look at that - near perfect balance, for now!
It's quite possible that crypto growth could see that crypto share creep into the 50% range by next month, 60% by early 2021 and then carry on.
And when I buy land, it could easily go up to 60-90% overnight even if it just holds its value.
I'm very comfortable having a huge chunk of my wealth in crypto going forwards!
NB - I can't compare this with last month's breakdown, as I've changed my crypto calculations to now include LEO and DEC/ Splinterlands - before I didn't include them, I just sort of liked to under-report and treat those like 'crypto under the mattress', but I've decided to include them now, they are doing so well after all! So I will be able to compare from this point forwards, and I'm quite looking forward to that - obviously anticipating some nice growth over the coming months (who here isn't?!?)
Breakdown of all assets, including my house in the UK (minus the outstanding mortgage)
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WOW! That really puts things in perspective! That's my house value factored in minus the outstanding mortgage.
Of course it's also the only type of wealth that requires maintenance, so maybe that pie chart is a bit distorted!
Still, I'm glad I've got a house!
Final thoughts
I know we all love crypto, but looking at the above I think to date there's one lesson to be learned about investing: buy a house! At least one of them!
And then some land on top.
And crypto, lots of crypto.
At least something, invest in something - but that's definitely not financial advice.
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So little gold/silver when you expect an exonomic meltdown? Compared with your second chart I have app. 15% gold!
Well most of my non-crypto wealth is going towards my land purchase, and about £1000 of shares are in a gold mining company.
I'm kind of hoping the mainstream economy doesn't crash until I buy land!
That won't be too long away!
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You got this! So sounds like you are thinking about settling down. Seemed you had a eye towards being more mobile earlier. I like how detailed you are.
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Hey cheers,
I've been mulling over ideas for a while - I do want some land, but it's actually so much hassle to matriculate my car in Portugal I might just end up selling it and buying a live-in van too!
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I really like the van idea. If I was a single man I would likely have me a camper van. I've seen a number of nice Ford Transit hightops setup for camping that looks pretty comfortable. Sprinter vans are super nice, but that would take a good bit of $$$$.
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I think a Renault Traffic is the best I can get for the money, but i'll explore my options in a couple of months!
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Nice breakdown and I'm pretty sure my top 2 sections on my pie will eventually look like yours - house and crypto! The rest probably a bit of cash, some gold maybe. But yeah, definitely want my own house, although might take a while so crypto it is!
You're right in your last sentence but I'd also add, if you're going to invest in something, invest in yourself!
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Formal notice of litigation
@nickyhavey - You are being sued by @revisesociology because of your advice that he 'invest in himself' (ref https://hiveblocks.com/tx/49c80eb0407512d90f00826829127a1fa34f3b6f) on close investigation he realised there is no such thing as 'the self' and thus lost everything.
Please liquify all your assets immediately, convert them to Hive and send to @revisesociology.
Failure to do so may result in legal proceedings against you.
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Formal Rejection of Notice of Litigation
@revise.leo - Your claim for suing @nickyhavey has been formally rejected due to insufficient evidence of "not having a self" given in response ref: https://www.hiveblockexplorer.com/tx/db9eea4d68b6e5726298961bfdc02cc3c6161b93
@revisesociology shared evidence in the original post what happened when he invested in himself already, thus any possible legal action directed at nickyhavey regarding comments of investing in himself is formally waived: https://www.hiveblockexplorer.com/tx/7a3e2f7761035f5e71853366f446524a107e5285
On further inspection of @revisesociology's wallet, claims of having "lost everything" have turned out to be not true as per screenshot below taken at time of comment:
Case closed
😃
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Possibly the highest quality of interaction on the chain today this!
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Haha! Definitely agree there - not very often you see hiveblockexplorer links dished out willy-nilly!
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Wish I understood this. ;-/
Great that you bought land. Definitely a good investment. I also admire that you started investing quite early and diversified your portfolio. I'm only into crypto and it's three years since I bought my first one. Are you planning to move forever to Portugal?
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I think I'm here to stay yes!
Although ATM I've got little choice, I don't think I can get in anywhere else!
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One thing about your content is that it makes me want to get a wife, get a nice home, maybe near the lake have like 2 million Leo staked and of course grills some nice meat.
Haha it got me when you said "real land and not the splinterland stuff"
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One has to put life into perspective after all!
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Of course, of course; I like your finance content, they're physically relatable, sometimes I consider it a hack
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Did you try for any of the Splinterlands land? I tried to get on the site and it was down. A couple seconds later I was able to and then it was all sold out. Pretty disappointing. That is cool about buying real land. I would like to own some property up north at some point. I don't know if it will ever become a reality. The way my alts are going, it doesn't appear so!
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I was going to pump $750 into get a tract, but decided not too when they announced support for the whales only.
It made me come to my senses - the way crypto's looking at the moment - I'd rather have that $750 in ETH and then buy back DEC when it's cheaper later and some land in the secondary market - it'll probably sell for not much more than it's going for now!
Hell of a risk going in for that pre-sale.
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Yeah, especially since it is all just speculation at this point. I have faith in the team that they can and will deliver, but at this point there isn't even a tangible product besides the base Splinterlands.
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NB I should mention that I did pick up 10 plots as part of a pool! And I do have 600K DEC in the liquidity pool, so I'm probably OK for land off those two!
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Haha, I joined a pool but it didn't get selected. I think I should be good to get a couple plots in the second round but the discount won't be as good. Sadly, I didn't even know about the land pools until the Friday before and I think there were a lot of other people who didn't know about them at all, so that put the general public at a huge disadvantage.
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It has been pretty badly handled TBH!
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I just love the balanced portfolio theory! And managent! It's really cool, and you sleep at night! Thanks for sharing!
Cheers! And I do make sure to get a VERY good night's sleep every night, sleep is MOST important!
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Just looking at what I wrote and I see I left out a key word. I should have said you can sleep at night. What a difference a word makes!