Financial Goals 2021: Real Land and Crypto

This is my response to @theycallmedan's latest challenge question(s), which are particularly difficult to answer this year given the economic uncertainties we are facing mainly thanks to the way governments are responding to Coronavirus.

I've personally just had to modify my financial goals because of the UK government's latest announcement that A-level exams won't take place this summer as planned.

Most of my income derives from selling revision resources and if A-level exams in the UK are cancelled in 2020 (which is a possibility) then I'll probably be earning less every month than I need to meet my day to day living expenses, up until September 2021 when things should normalise again, meaning I'll have to draw down on some of the assets I've got.

So if I can get through to the end of 2021 with as much wealth as I've got now, I'll regard that as a success.

My investment strategy for 2021...

I've currently got, or am about to acquire the current asset classes as investments, in order of value:

A house in the UK, rented out
A crypto portfolio consisting mainly of 6 coins.
Two Hectares of land in East Central Portugal (about the be purchased).
Stocks and shares
Cash
Money tied up in P2P small business loans with Funding Circle
Gold and silver.

My investment strategy for 2021 involves shifting around a few of these asset classes.

I have very recently sold off the majority of my shares to buy my land in Portugal and am in the process of selling off my peer to peer loan shares, gradually cashing them out as they mature.

IF I need to cash out any investments from the above classes to meet day to day living expenses (because of reduced income due to Covid) the order will be as follows

P2P business loans
Shares
Cash, well I hold this in Premium bonds, but I quite like them!
Gold and silver - although that's back in the UK, so actually getting to it to sell it is going to involve some effort!
The house - I don't want to sell it, but it might be necessary!

Crypto has been a red line during my land purchase, and it's also a red line for surviving the Corona income crises - I'm not prepared to sell off any of that to fund the land purchase.

Preferred Investment? Crypto, Real State, Commodities, Stocks?

For me it's definitely Crypto and 'real state' together I think these are just the ideal combination for personal financial freedom

Land

The intention for my land in Portugal is to meet at least >50% of my food, heating and energy needs from said land, reducing my cost of living.

This will take a considerable amount of physical effort and learning of new skills to be able to realise, and a thousands of EU more of investment - especially in water and the house I need to finish off (the land comes with a partially built house).

But doing more physical work is something I've long wanted to do anyway, I'm looking forward to it!

Annoyingly, if my income reduces due to the government's incompetent response to the Covid situation in the UK, I might now have to delay any Permaculture style development of the land until my income picks back up again (hopefully) in September, or sell the house in the UK if necessary.

One of many views from the top of the Land I'm buying!

Crypto

The recent spate of money printing from the US and UK governments have been somewhat alarming, and I've also had quite a few negative experiences getting my money from various UK companies recently as I try to get ready for my land purchase - I sold my shares in one Fund about 3 weeks ago, I STILL don't have the money as I've come up as needing to be verified, and they're dragging their feet. (I've decided I'm going to close that down completely as a result and bad mouth them a lot on Twitter, after I've got my damn money).

Where crypto is concerned, I'm invested in mainly...

BTC
LEO and Hive and DEC
ETH
LTC
Rune and now....
AVA (thanks to @trumpman)

All of these I've chosen, besides BTC, for their utility, especially Hive.

Do you have a plan or a set of goals on how to use and grow your stake?

In terms of Hive, which I think this question is aimed at, I'm just going to keep doing what I'm doing, which is the following:

posting at least once a day, sometimes twice - 40 a month is a figure i like to aim for.
Commenting and engaging.
Using my VP effectively - I find I have to have a few people on auto to make sure it's never at 100%, but I do about 50-50 auto to manual - use it or lose it!
Keep playing the old Splinterlands!

In terms of other cryptos:

Most of my ETH is staked in liquidity pools.
AVA gains interest anyway
I've got 10% of my BTC and 100% of my LTC spread across Blockfi and Celcius to earn interest, but I see the former as too precious to risk, so 90% is in cold storage.
Rune eventually I will stake, but not ATM, I think it'd just get drained, HARD, at this point. (Read more on Rune here if yer interested).

Final thoughts

So for me 2021 is probably going to involve going 'all in' on Land and Crypto - a combination of the global and the local mediated by the blockchain!

One thing I do know is that 2020 has made me much less keen on the FIAT economy, and stocks look overvalued to me, so for me the security of land and the potential of crypto for financial but a whole load of other reasons too are a winning combination.

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