Another month has gone by. My investments have appreciated and are a lot more than it was last month😎 . But all is not rosy though, my stock investments are down by quite a bit. More importantly, it is the tax season! That painful time of the year, where you pull out your excel sheets, key in income and cry over how much you need to pay the government :P.
Here is a summary of my overall investments
|1||30 Nov 2019||Stock Market Investments||150,000||156,694||4.46|
|2||31 Dec 2019||Stock Market Investments||150,000||145,364||-3.09|
|3||31 Jan 2020||Cashbacks, Rewards and Points||0||43,773||0.00|
|4||31 Jan 2020||Stock Market Investments||150,000||132,894||-11.40|
|5||31 Jan 2020||Mutual Funds Investments||125,513||131,879||5.07|
|6||31 Jan 2020||Alternate Investments||303,400||303,400||0.00|
|7||31 Jan 2020||P2P Lending Investments||27,231||27,325||0.35|
|8||31 Dec 2019||Mutual Funds Investments||103,513||105,871||2.28|
|9||31 Dec 2019||Alternate Investments||303,400||303,400||0.00|
|10||31 Dec 2019||P2P Lending Investments||2,731||2,777||1.68|
Few other interesting details on my journey to Financial Freedom…
|Final Goal||Rs.5 Crores||wdt_ID|
|Total Invested||Rs. 6,06,144||1|
|Current Value||Rs. 6,39,271||2|
|Passive Income in Jan'20||Rs.11,091||4|
|Time left||141 of 144 months||6|
Cheat sheet to get through this tax season
As I was preparing and assessing my damages taxes I need to pay, I thought why not share best practices with you. So, I’ve put together an easy to follow list of all possible options that are available to the salaried in India to save on taxes. This tax season and for the ones coming here after save some tax. Money saved is income too! Here is the tax cheat-sheet I put together.
Writings in Jan’20
I have been busying with my office work. I did take some time to put out three articles
- Cheat sheet on all possible ways to save tax in India
- Review of Cashkaro: How to earn cash on day-to-day transactions
- Does Marriage, new House of Baby bring luck in making money
I got a new house, then got married and finally had a baby. Around all of these events, my position in life and money I earned changed dramatically. So, I have been wanting to write on Luck, making money and life milestones for a while. Check it out.
P2P Investments in focus for this month.
This month, I added an additional Rs.24,500 to my P2P lending portfolio. So in total I have over Rs.27,700 as money let out in the peer to peer space. I am being a bit cautious in this area though due to the collapse of Kuetzal, a P2P platform earlier this month. Kuetzal was pretty famous among European FIRE practitioners to park their funds. Turns out most of the projects might have been fake. Quite a few of my friends from Netherlands and other parts of Europe lost a bit. Thankfully for me, I was cautious and did not invest anything here. I still stick with Mintos which is stable and trustworthy.
Stocks and Mutual Funds in Jan’20
My Mutual fund investments are hitting the roof. At one point of time, I had a ROI of 17.2% for my investments! That is almost as good as stocks. Most of this is lead by Mid-cap and Small-cap funds I own. My investment in DSP is at a 40% return, with what I have bought in the past 3 months alone for Rs. 4,000 giving me 10% return.
Stocks are on the opposite end of the spectrum. Losses almost across the board. I did manage to offload a few for 10% returns. And the best part is, I managed to sell my lot of SUZLON shares for a 10% profit. Gems such as IOC and ONGC are near all-time lows! I really wish I could buy more. But I need to maintain my discipline and not go overboard with buying stocks beyond my risk appetite.
My Passive Income Statement for January’20
|wdt_ID||Segment||Passive Income in Jan'20||Total Passive Income in 2019|
|3||P2P Lending Investments||47||47|
|8||Cashbacks, Rewards and Points||411||139,289|
|9||Cashbacks & Rewards Redeemed||8,086||98,155|
|Segment||Passive Income in Jan'20||Total Passive Income in 2019|
|∑ = 11,091||∑ = 267,491|
All updates for the month of January’20:
- My Investment Updates for January’20 – Tax Season <–You are here
- Stock Investment Updates Jan’20 – The Bloodbath continues
- Mutual Fund Investments Update – January’20 – Mutual Funds on FIRE!
- My Alternate Investments Update – January’20
- Earning Reward Points & Cashbacks update – January’20
- P2P lending updates – January’20 Cautious when lending