Here is my monthly report of our personal net worth progress for May 2022 and other financial updates.
If you’d also like to see how much you are worth the way I do, I created this tool, especially for my readers. You can get it here.
Also, if you’d like to read the previous report to get the flow of things, you can check it here – April 2022 personal net worth update. Here are all the previous reports.
If you don’t know what the net worth definition is, check it here.
Table of Contents
NETWORTH
Our net worth this month changed in -1.54%
Our portfolio kept declining this month, mainly because of two reasons:
1. The stock market downtrend
2. Further drop in BTC and ETH rate (BTC rate is now around 30K)
I decided to borrow against my crypto collateral from Nexo, as i gave an offer for another website I was about to buy , eventually, I was outbid and didn’t get it.
I repaid some of that loan to save on interest, and in the process to pay some more. As the market is on downtrend, I prefer to take less risk. If markets drop further I’ll get a margin call and Nexo will sell some of my BTC, which of course I don’t want.
Also, Nexo lowers the interest you pay if the loan to value ratio is less than 20%, so I’m working towards that.
One more decision I made is simplifying my value stocks portfolio. I was following a few investors online, however, it became too cumbersome in the last 2 years. I ended up losing money because of that. So, time to simplify and I prefer that over the chance of making some extra % on my value investments.
DIGITAL ASSETS
My smaller website which was for sale and still is got a hit and get’s less traffic now. If you are interested in buying it please get in touch and give your offer. The website is in the automative niche and makes money from ads and Amazon associates affiliate program.
I prefer to focus more on larger websites. And on the lookout for 1-2 other sites. I currently negotiating an off market website deal and hope to get it.
PUBLIC SPEAKING
I’m getting ready for my trip to Bulgaria on June 26th. I’ll be speaking at Bansko Nomad Fest about: “How your finances can create the perfect finance-life balance for remote workers?”
If you intend to join I have a 10% discount code for you. Use: Shlomofreund at checkout
I gave a talk at Power to fly:” How to turn your passion into an income stream?” Check out the recording here:
I also spoke at Oriental career about Get Control of Your Financial Future. Check out the recording here:
MORE UPDATES:
Online course – “How to achieve the perfect life-finance balance for remote workers“
That’s it for this month.