Welcome to my One Million Journey – Introduction
Hey there! Thank you for stopping by my first post never ever written by me. This blog is all about my journey towards archiving a one million euros investment portfolio. I will post monthly reports that will get into the numbers, but I would like to focus this post on briefly summarizing my portfolio.
At the time of writing, my portfolio sizes 145.299€. Assuming that I archive a compounded annual return of 10% and none of my current investments fails, I will archive my goal in 20 years by the age of 53, that’s a long journey but I will try to do better than that!
Table of Contents
Portfolio allocation
As I am not a professional investor, I try to diversify my investments into different allocations to minimize risks and reduce volatility. However, I must confess that I took
- Stocks: 10.5%
- Bonds: 10.5%
- Real Estate: 10%
- P2P Lending: 14%
- Currency exchange: 55%
As you will see Currency Exchange or Forex is taking a big stake. The returns have been outstanding (7.6% average monthly returns), so I decided to deposit extra money to improve my cash flow, and afterwards, spread the returns over other allocations. All good until the broker announced that the bank, where the customers’ money was kept, had been taken by the financial authorities, due to likely to fail. Investors monies have been blocked and withdrawals are not allowed. I will write further about this, so you don’t make the mistakes I did (and a huge ones!)
Portfolio diversification by platforms
I use several platforms or financial services to spread the money across the allocations mentioned above.
Stocks & Bonds
Real Estate
- Property Partner
- Housers
- Crowdestate
P2P Lending
- Grupeer
- Mintos
- Envestio
- Fast invest
Currency Exchange
- Algotechs
That is the general overview of how my portfolio looks at the begining of documenting my journey. Visit this page to read more about me and the purposes of this blog. Don’t forget to subscribe for future updates. Will I succed or fail? Only time will tell, but one thing is certain:
The wisdom accumulated along the way will be priceless, and that is already a victory.
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Tony
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Hi Tony
All the best with your journey to become a euro-millionaire! It’s interesting that Forex is such a large part of your portfolio as I don’t believe I’ve come across another FIRE blogger who includes Forex (of such significance).
It sounds like you’re getting good returns and know what you’re doing.
Good luck for 2019!
Hi Weenie! 🙂 thanks for your comment.
You are right, Forex is taking more than 50% of my portfolio, way too much! Unfortunately, there’s not much I can do about it now to rebalance it rather than wait 🙁
Thanks, good luck for 2019 you too!
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