The 500K Challenge – June update

It’s time for another monthly update on The 500K Challenge, where June didn’t bring the upswing I so badly need in what seems to be an endless period of mediocrity…

Read on, and don’t forget to subscribe if you wan’t to witness this plane crash from the first row.

Yes, it is still very much an uphill battle to get this investment ball rolling. The main reason is still that I am just not making enough money to invest anything, so it is only the very small changes I can present these days. Hopefully it will change for the better soon…

I have actually started looking for a second income to get back on track and minimize the pressure (I am putting on myself) to earn more money in the markets. I need to be balanced in any way to get the best results when trading, so hopefully this will bring that balance.

Real Estate: 1.333,33€ (+0,00 €)

My one and only real estate project has finally been fully funded, following a long period on 99% completion, which was starting to get me worried. But now everything should be in place, and the investment should be bringing som profit any day soon.

Read more on my Real Estate experiences here.

Stock Market: 3.414,95 € (+91,74 €)

A positive month in the stock market brought almost 100 € of profit. It has been almost a year since my first stock/index investment, and a profitable one. But once again: This is a 20+ year investment, and one year is nothing in the bigger picture.

Take a look at my Stock Market portfolio here.

Crowdlending: 1.971,15 € (+21,50 €)

It is slightly worrying that there has been no new projects on Envestio since the early start of June. A couple of the projects I invested in earlier has ended with the principal refunded, and as a result more than 10% of my money on Envestio are now uninvested. That is the reason for the decrease of the XIRR. New projects, please!

On Mintos on the other hand, my tinkering with the auto invest a couple of months ago is really kicking in now with the XIRR rising and is now close to the initial goal of 10%.

Crowdlending portfolio here.

Sportsbetting: 3.964,29 € (+71,11 €)

Total bets: 81
Total stake: 2.999,57 €
Profit/loss: +15,17 €
ROI: +0,5 %
Bonus income: +55,94 €
Total profit/loss: +71,11 €

The month started really well, with a lot of profitable bets, but in a very bad week towards the end of the month almost all of the profit was gone. In the end a tiny profit from bonuses, which is the main reason I am still keeping my head (just) above the water.

Just keep swimming!

More on my sportsbetting here.

Betfair trading bankroll: 11.023,21 €
Cash reserve: 3511,42 €

Total Portfolio Value: 25.218,35 € (-311,80 €)

Not much else to say, really. I am disappointed about the first 6 months of the challenge, and need some progress soon. Lets see what July brings…

Jesper/The Trading Dane

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