In this year’s financial goal (yes I have one, you should make one too!), I have slotted an additional Rs.1,50,000 to be added under Alternate investments. Rs.1,00,000 the bulk of it will be added to the loan I have already with my family friend that is currently generating me 15% pa interest every month. The remaining to be put into alternate areas that I will have to identify.
January’20 all alternate investments
|1||30 Nov 2019||203,400||203,400||10.00|
|2||31 Dec 2019||303,400||303,400||10.00|
|3||31 Jan 2020||303,400||303,400||10.00|
The Rs.2,00,000 I had given out as loan continues to pay me Rs.2,500 per month. For this money, I earned Rs.2,500 in January’19🤘
In installation – Sun exchange
The solar cells I bought on Sun exchange are still under installation. They will start generating electricity and in turn generate passive income for me from Feb’19. Can’t wait! Meanwhile, I have received a few requests from my readers on how to get started with this. I haven’t been procrastinating on putting up my review of this great platform. I am actually waiting for my income to start getting generated and post that I will share the review with screenshots and all.
Caution and Paranoia
There is a lot of paranoia in the alternate investment space at the moment due to Kuetzal and a few other platforms going bust. Turns out they were possibly running scams. Please be cautious when investing your money anywhere. I am being cautious too. For one, I am not investing a lot in any given platform. Additionally, I do my due diligence to ensure that my money is safe and isn’t going to vanish.
My Alternate Investments as of December 2019:
|wdt_ID||Segment||Interest Generated pa (ROI%)||Total Invested||Value in Jan'20||Value in Dec'19||Value in Nov'19||Value in Oct'19|
|3||Loan to Family Friend @ 15% pa||15% pa||200,000||200,000||200,000||200,000||200,000|
|8||Sun Exchange||11% pa||3,400||3,400||3,400||3,400||0|
|9||Loan to Friend||0% (provided as help)||100,000||100,000||100,000||0||0|
|Segment||Interest Generated pa (ROI%)||Total Invested||Value in Jan'20||Value in Dec'19||Value in Nov'19||Value in Oct'19|
|∑ = 303,400||∑ = 303,400||∑ = 303,400||∑ = 203,400||∑ = 200,000|
All updates for the month of December’19:
- My Investment Updates for January’20 – Tax Season
- Stock Investment Updates Jan’20 – The Bloodbath continues
- Mutual Fund Investments Update – January’20 – Mutual Funds on FIRE!
- My Alternate Investments Update – January’20 <–You are here
- Earning Reward Points & Cashbacks update – January’20
- P2P lending updates – January’20 Cautious when lending