Cash / SRS / Crypto Portfolio
Performance Indicators / Dividends (TradFi Portfolio only)
- YTD Time weighted return: -12.22%
- XIRR since portfolio inception in 2013: 17.44%
- Dividends collected YTD: SGD 4,354.56
Note: I don’t provide details or returns metrics on my crypto portfolio publicly.
Boom goes the dynamite
Simply put, August was insane. I didnt expect for my rotation into crypto to pay off within a month of shifting over. Better to be lucky than good I guess.
Consequently, my overall portfolio value blew through all sorts of milestones to $594,302. Gains were largely contributed by the crypto portfolio, with the traditional portfolio providing a small bump to portfolio value.
The stealth bull market of 2020
Who knew coming into 2020 we would see such an insane run for crypto this year. The best part of this is that most traditional investors are completely clueless about this.
What most investors are aware of is the run up in mainstream coins like BTC and ETH. Where they don’t get it is the underlying trends driving gains in the smaller altcoins. Mainstream media are starting to get a whiff of this, but nothing too major yet.
And I’m happy that this is the case at the moment, as it confirms to me that:
- We’re still very early in the cycle and the euphoria hasn’t arrived yet.
- Markets are definitely not efficient, thanks to this tremendous blindspot in investors’ minds. Thanks Buffett.
- MOAR ALPHA FOR ME MUAHAHAHA 😛
That said, crypto is super volatile though, so who knows next month I’ll be brought back down to Earth. But for the first time in crypto’s history, we can actually try to value certain cryptoassets using traditional valuation techniques. Thus my confidence in holding my crypto portfolio at this time.
Food for thought for readers
Traditional markets appear ridiculously expensive at this time. Winners like the tech companies keep getting PE expansion as people pile into “relative safe havens”. On the other hand, losers just continue to get stomped on due to lack of growth catalysts. True value is getting harder and harder to find.
The question everyone should be thinking about now is whether we want to continue to play this game or not.
Buying winners may make sense as I do agree that these tech companies will probably grow into their valuations. But in how many years time?
As for digging around among the beaten down stocks waiting for a recovery, I find that a sucker’s game too.
Which is probably why I choose to not play the game at all, keeping my tradfi portfolio mainly as a hedge against my cryptoassets.
As usual, this is not a call to buy or sell securities and its just sharing my own thought process for your information. Also, crypto is dangerous AF. Please do your own due diligence prior to investing.
Endowus CPF OA Portfolio
As you may know, I’ve started investing my CPF OA funds with Endowus. I’ve been sharing my portfolio performance for readers’ reference to evaluate product performance for themselves. This month was nothing special, just my regular monthly top up of $1000. My portfolio is up 12.89% for the year.
As much as I crap on the current stock market earlier, I’m glad my CPF funds are making money off the bull run.
If you want to learn more about Endowus, do check out my review (Cash/SRS portfolio details to be updated). Also, if you’re interested in opening an account, do feel free to sign up through my referral link.
Ramblings about life
First of all, I’ll like to thank everyone for the unexpected outpouring of support from the community at large to help me find a job. I deeply appreciate it.
While I’ve not been able to find a job yet, I’ve decided to focus on my studies and take advantage of some of the Government support measures like the SGUnited Mid-Career Pathways programme and the Professional Conversion Programme (PCP) administered by the various government agencies. My applications are still in progress so we’ll see what happens.
New adventures await.
Why financial independence is important
I recently had a catch up with a friend who expressed a lack of satisfaction and interest in his current work. That said, he couldn’t afford to leave his current job for his previous job (which he enjoyed very much but paid much less) as his expenses could not be supported by that job.
I’m sure this conundrum is faced by a lot of people. Do the high paying but soul-sucking job or do the low paying job that sparks joy. Not everyone is lucky to find a job that does both.
This conversation reminded me of why I embarked on this journey in the first place and why despite being retrenched, I have no financial fears.
This is because I’m a man of simple needs and few wants. This allows me to not be stressed about my job and career. If I was retrenched while having a giant mortgage and kids to feed, I’ll probably be panicking right now.
By having this small cost base, it gives me freedom to do a job that I at least have some interest in. Or in my case, be free to take a pay cut to learn about an area that I hope to work in the future.
I tried to say as much to my friend, unfortunately we had differences of opinion what are needs and wants.
Hope you find your path to happiness, my friend.
As usual, to the 17 people who liked my Facebook page respectively since my last portfolio update, welcome. Feel free to reach out via email or Facebook. I’m usually quite responsive as readers can attest to. Hope that you have found my blog content useful 🙂
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