Cash / SRS / Crypto Portfolio
Performance Indicators / Dividends (TradFi Portfolio only)
- YTD Time weighted return: 1.40%
- XIRR since portfolio inception in 2013: 16.55%
- Dividends collected YTD: SGD 3,132.61
Note: I don’t provide details or returns metrics on my crypto portfolio publicly.
June was more of a continuation of what happened in May as retail mania continues to leave the system. Nothing much new happened, just a series of news about China aggressively shutting down major BTC miners spooking investors out of their coins. Multiple retests of the $1700-$1800 ETH levels happened this month before bouncing a bit to the end of the month when CNBC’s Jim Cramer announced that he was buying ETH.
Consequently, my overall portfolio value fell to $1,756,959. An eye-popping amount of losses no doubt but not unexpected given the bear market, especially in DeFi.
As I’ve said during the Endowus webinar in May, it is difficult to say where crypto goes from here. My personal view is that we are going to be short-term bearish / neutral, while I still maintain a long term bullish view. Things are continue to be bearish or soft until something fundamental changes.
I would caveat that “fundamental” here refers to market dynamics, rather than technology related. The technology related fundamentals catalysts have been well documented in the past few months (EIP-1559, ETH2.0 merge, etc) and retail investors didn’t really care in the selloff. Market dynamics changes here most likely needs to be deployment of institutional funds into the crypto space. A positive sign from that front include JP Morgan’s continued education to their customers about DeFi. MAS managing director Ravi Menon also shared a view that was consistent with my DeFi thesis, which was interesting.
But until institutional fund flows happen, I feel we were still going to be in limbo. Although markets seem firmer into the end of the month.
Not that I’m concerned about where the market is going though. I’m actually quite agnostic about whether we are going to stall here or go gangbusters. Being long term bullish, its just a matter of when the next exponential move happens. In the meantime, I’m earning enough stablecoin yield to support my livelihood and reinvest in cheaper coins where opportunities arise.
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.
Quick shoutout to Investment Quadrant
I’ve been quite lazy in promoting the courses from my friends over at The Fifth Person. I actually forgot to promote their Dividend Machines course when it was open early this year lol.
Well with Investment Quadrant closing tonight (lol almost forgot again), I thought I’ll give them my quick annual shoutout.
For new readers, Investment Quadrant is budget priced, fundamental analysis-focused, investment course with the goal of equipping you with the tools necessary to find your own multi-baggers. If you are looking for a course that teaches real knowledge, limited upsell and fluff that also teaches you to identify solid growth companies, this is the course for you.
You can find my past review here. My views still remains relevant.
While I’m largely in crypto nowadays, sound fundamental analysis is still important base knowledge to have. This has growing importance as crypto gains more equity like characteristics.
investment Quadrant is currently open for registration till midnight tonight (5 July 12am) for SGD 497. I’m told that they will raise the price next year so its your last chance to get Investment Quadrant at this price.
You can sign up through this link. Do note that this is an affiliate link and I gain a small commission from this.
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. Nothing much special this month, just the recurring monthly top up.
If you want to learn more about Endowus, do check out my review (Cash/SRS/Fund Smart portfolio details to be updated). Also, if you’re interested in opening an account, do feel free to sign up through my referral link. We will both receive $20 off access fees per referral.
As usual, to the 3 and 10 people who liked my Facebook page and subscribed to my blog respectively since my last portfolio update, welcome. Most of you guys subscribed / liked after my webinar with Endowus, which is awesome. 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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