On the ninth month of Covid, the pandemic gave to me...
Despite the pandemic raging on, I still managed to have a pretty decent month in terms of income, and a really great amount of growth in my investment portfolio.
It's been a busy week (I'm already late in posting this!) So let's get down and dirty with the numbers:
The breakdown:
- $366 from Nicehash mining. Rigs have become unstable again... it's a never ending problem
- $166 from Youtube ad revenue. Colder months lead to a downturn for outdoors youtube channels, seems to be a pattern
- $104 from flipping. A continuing the trend of decline as my listings sell and I haven't spent any time replacing them with new ones (though I have been putting tickets in the backlog)
- $96 from Print on Demand from Redbubble and Society6 (Have yet to make a sale on Teepublic)
- $27 from 3D Print sales
- $25 from my various cryptocurrency trading bots (two homebrew instances and one Gekko)
- $19 from 3d model sales on MyMiniFactory
- $13 from 3d print sales on Shapeways
- $7 in dividends from my stock investments
- $3 in Amazon affiliate commissions
So, something I stated in previous posts about where my dividends where going was false--I actually discovered that it's not being reinvested a la DRIP, but rather a quarterly fee that RBC takes. My mistake.
Nicehash continues to be fairly stable in mining income; though I suspect I will gradually decline as my cards age out compared to what's on the market now. I decided to sell my two ASIC miners & ditch my HDD mining, and just go purely GPU. I will update my GPUs sporadically.
Print on demand and 3D model/Shapeways sales are doing well, increasing month over month as I add more listings and retroactively improve older listings' SEO. (This is something I will do every month to my existing back catalogue)
Youtube ad revenue was my second biggest earner again. Huge drop off from the previous month, but that's because I seem to be in a downturn that seems to happen every year due to the colder weather (as I am an outdoors channel). That being said though, I released a video last night which is my best performing video to date, and may bring me back up to the crazy growth I saw last month! (Cybertruck related, of course). I also went back and updated a bunch of my worst-performing titles & thumbnails to up my CTR game.
Let's take a look at my Youtube metrics:
- Published five videos. Last one barely made it out before the clock ticked over to December last night!
- Currently at 1912 subscribers, up 212 over last month
- Subscriber growth rate:12.47%, A drop of over half compared to last month's 31.48%
- Average daily views throughout November: 700, down over last month's 1,146, or a decrease of -38.91%
- Average daily subscribers throughout November: 7, down over last month's 13, or a -46.15% decrease
I've come up with some secondary content ideas for my channel; through something I dub 'What's Up With Mike'. Weekly episodes to add on to the existing main weekly video releases, that's as minimalistic to do as possible. Just vlog 'talking head' style videos, under 10 minutes, to talk about future channel plans, stuff I have going on for the channel, gear, and the meta outdoors youtube community. I plan to do my initial episode this week to see how it does.
In crypto land, nothing major to update; just that I've slowed down the trading bot to have a two-day timeout period for sell orders instead of half a day; filling sell orders is the most important factor for getting my bot to perform as testing says it should I will probably slow it down even more (including the buy timeout).
With manual trading on Coinsquare, I've made a couple bad trades so I'm currently down by -2.84% over my base line BTC value. -_-
Let's take a look at my work item list from last month, and see how I did:
- Four new Youtube videos
Yep, managed five! - One to two new chapters of my novel
Managed to do the prologue and first two chapters, actively working on chapter 3 - At least three 3D model listings on Shapeways/MyMiniFactory out of my backlog
Yes, pretty sure I did more like 4 or 5 - At least three artwork Print on Demand listings on Redbubble/Society6/TeePublic out of my backlog
Yep, I think I did exactly three - Stretch goal: Implement new Print on Demand sales channel: Zazzle
Nope, didn't get to it, but I'm making it a main work item for this coming month.
Mostly hit my targets; I'm putting more and more focus on Youtube as it continues to show promise. So here's my work load for the coming month:
- Four new main Youtube videos, and two 'What's Up With Mike' videos
- Finish novel Chapter 3 and revisions to previous chapters/prologue
- 3 new Shapeways/MyMiniFactory listings
- 3 new Print on Demand listings
- Implement Zazzle sales channel for Print on Demand
- Refurbish Patreon tiers & rewards (still don't have a single patron)
And lastly, we take a look at my investment portfolio for the month of November:
What a wacky month for portfolio growth. Primarily thanks to, as you likely have guessed, Crypto. It spiked up quite a bit this month, leading to a 23.84% month-over-month growth in my portfolio! Still on track with the nuts MoM growth rate target of 6.5%... Don't invest like I do kids, crypto is worse than gambling. I've been incredibly lucky so far. My only crypto investments have been what I've mined through Nicehash; my stock portfolio remains untouched since I am actively trying to pay off debts to prepare for the arrival of my Cybertruck next year.
I've also hit an important milestone: I'm now at five digits' worth of investment, breaking past the $10k mark. My next milestone is $25k.
If you find these posts helpful, and you are interested in cryptocurrency, try signing up for Binance! It's a widely-known cyrptocurrency exchange (think stock exchange, but for crypto). It's free to do so, and by using my referral link we'll both earn 10% of any trading fees you pay.
https://www.binance.com/en/register?ref=WZKZ16ZW
See you next post!
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