August 2018

Passive income update:

Total passive income for August : £771.03 (second highest this year).


Whats new:
50% flat purchase. I've purchased a flat with my father in law  and that now pays weekly at £30. So thats increased the passive income.

Ive also invested 10K into bonds (https://www.londoncapitalandfinance.co.uk) that pay quarterly 8% at a three year bond. When this starts to pay out this will increase that particular month by £200. I would love to reach £1000 in one month.

Dividends have not been very good this month with only £19.32. Though its common for August to be a low month.

Total current invested in the stock market is £9981 and i have £1974 free in cash in the account.

Problems:
Its nice to say nothing major for once as everything is going smoothly (touch wood). The only payment missed was for the unit rental. The guy owes me £200 (for July and August) . Hes paid me £100 last week . But as today is the 31st August , tomorrow he will be back to £200. So the money does come in but its slow and ad-hoc.

Rentals:
They currently stand at:
1 3 bed house
1 1 bed house
1 2 bed bungalow
1 1 bed flat
2 fields (people rent for horses)
1 garage
1 unit

Trading: 
Natgas is currently doing well with a profit of 6% .
Gold and silver are also going the correct way but im currently at a loss of 9.64%.
I'm only using trading lightly to top up my stock account and as im buying stocks in these commodities i can hold forever if it goes the wrong way.

Conclusion:
My target for the whole year is to average £382 a month in passive income; im currently on  £471.78. I need to just keep reinvesting , reinvesting, reinvesting. Then i should be smiling for when i hit 50.