Wednesday, August 16, 2017

My experience with Bitconnect

What is Bitconnect ? 

'Bitconnect is an open source, peer-to-peer, community driven decentralized cryptocurrency that allows people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment.'

Recently I have been looking into Bitcoin and what it's all about. I used to mine it years ago but it just wasn't profitable for me at the time. In hindsight I wish I would have kept at it and held on to those bitcoins since the price is over $4300 now!!! Anyway recently I ran across another bitcoin related site called Bitconnect. There are a few ways to invest on Bitconnect but I went with Bitconnect lending. 

With Bitconnect lending you will receive daily profit based on your investment option. Upon investment term completion, you will receive your capital back to take out from the bitconnect lending platform or optionally reinvest back in lending platform to continue receiving daily profit.

I'm not confident enough in the platform to put in any serious money so I only put in $140 and I'm already earning interest on that. Right now I'm averaging a return on 1.6% daily (yes, daily) interest which I am reinvesting once I build up to the $10 minimum reinvestment total.

If you want to invest in BitConnect lending first you need to buy Bitcoins. I used to purchase mine and then just transferred it over to Bitconnect. From there you simply exchange the bitcoin into Bitconnect tokens.

I admit I am still skeptical of the program but if anyone wants to give it a try here's my link.


The information on this website is for educational purposes only, and is not intended as investment advice. All bitconnect promoters are independent mentor of cryptocurrencies. I give no representation, warranty, or guarantee as to the accuracy or completeness of any information. You represent that you have been, are, and will be solely responsible for making your own independent appraisal and investigations into the risks of the transaction.

Monday, August 14, 2017

July 2017 Dividend Update

It's time for my July dividend update! For the month of July I was able to earn $324.75 in dividend income.

In July I sold my shares of Avista since it was being bought out by another company and it drastically shot up in price close to the actual buyout price. I nearly doubled my return on this investment and with the proceeds I bought a little more Southern Company to stay in the utility space, and with the rest I purchased more General Mills (GIS) as I think it has bottomed here and it's still a great company despite some growing pains.

July Stock Sales
  • Avista (AVA) - 58 shares @ 52.15 = $3,017.68
July Stock Purchases
  • General Mills (GIS) - 37 shares @ 54 = $2,004.95
  • Southern Co. (SO) - 26 shares @ 47.00 = $1,228.95
  • Southern Co. (SO) - 25 shares @ 47.43 = $1,192.70
July Dividend Income
  • Vanguard Long-Term Bond ETF (BLV) - $3.40
  • Annaly Capital (NLY) - $16.80
  • Realty Income (O) - $7.91
  • Coke (KO) -  $22.57
  • Sysco (SYY) - $21.78
  • Cisco (CSCO) - $40.89
  • Glaxso Smith Kline (GSK) - $37.76
  • Philip Morris (PM) - $14.56
  • Altria (MO) - $57.95
  • New Jersey Resources (NJR) - $ 90.78
  • Powershares Muni Bond ETF (PZA) - $10.35
Total Dividends July 2017: - $324.75
In the chart below you can see my dividend growth. Lets keep that moving average going up!