Cash / SRS / Crypto Portfolio
Performance Indicators / Dividends (TradFi Portfolio only)
- YTD Time weighted return: 2.58%
- XIRR since portfolio inception in 2013: 15.65%
- Dividends collected YTD: SGD 5,316.79
Note: I don’t provide details or returns metrics on my crypto portfolio publicly.
Back to ATHs
First of all, apologies to avid readers for missing out last month’s update. I had started writing it 1 week into October but life caught up with me and it was unfortunately left to one side. As such, this is double month update.
September and October was as different as months could be. A short term bear off massive liquidations in September was clawed back to ATHs in October on the back of BTC futures ETF launches.
Consequently, my overall portfolio value grew to $2,702,930, largely led by gains in ETH and other Layer 1s.
As mentioned previously, I’ve been looking at gaming NFTs as a way to stay connected to this emerging trend. My significant investments in the past 2 months has been largely in service of that. I’ve adopted largely a “shotgun” approach to these investments, many small and equal weighted positions as I’m not sure which of these will become successful. My only criteria is that its a game I might play myself and there is significant community backing.
Here are some gameplay examples:
So cool right. As you can see, I’m largely a RPG gamer lol.
And I’m still looking to add more to portfolio. Do let me know if you have any blockchain based game recommendations.
Notable news / trends
Facebook’s rebrand to Meta
Mark Zuckerberg has been telegraphing this move for some time and finally going through with it was significant validation in the premise of the metaverse. Consequently, it sent shockwaves through crypto markets.
Anything and everything remotely related to the metaverse saw significant gains.
That being said, I feel the vision of Mark Zuckerberg’s metaverse runs counter to what I believe the metaverse should be. In order to have trust in the value of assets in any metaverse, there needs to be open and auditable infrastructure (distributed ledgers for example) backing it. If not, you run into the same centralised nonsense we have been living in for the entire history of humanity, where the people in control of the system milk all the benefits, leaving little to nothing for the participants.
Whether Meta’s vision of the metaverse wins remains to be seen. My bet is on the open metaverse.
Mastercard to offer crypto services to its merchants
As a another sign of adoption, Mastercard is set to offer crypto services to its merchants. I’ve been waiting for the day where I can spend and earn crypto in seamless way and this is another step in that direction.
I know that Crypto.com has been offering a debit card for years now, but to me that is not the best option. I’ve seen other countries having superior crypto cards from Binance, Gemini and BlockFi for a while now, and I just want it available here in Singapore.
Hopefully this comes true sooner rather than later.
Tharman says crypto may have a place in future finance
Singapore has typically taken an open approach to crypto by neither supporting or condemning it. That approach continues to be seen by the announcements and speeches MAS directors / government officials have given versus what they are doing.
While Tharman threads that line again in a recent forum, Payments Services Act licenses continue to be issued. Temasek probably holds at least some BTC and invested in Binance.SG.
In short, they are signalling that its probably ok to speculate at your own risk.
Is it scam? Probably not.
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. Nothing much special this month, just the recurring monthly top up.
My current strategy is to allocate my monthly top up to funds that track the S&P500 and MSCI World Index.
If you want to learn more about Endowus, do check out my review (New features 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.
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