Cash / SRS / Crypto Portfolio
Performance Indicators / Dividends (TradFi Portfolio only)
- YTD Time weighted return: 3.01%
- XIRR since portfolio inception in 2013: 15.56%
- Dividends collected YTD: SGD 6,621.69
Note: I don’t provide details or returns metrics on my crypto portfolio publicly.
The crypto rollercoaster continued its journey through November. We saw new all time highs for most Layer 1 currencies before a correction in the latter half of the month brought us back to where we were at its beginning. Metaverse and crypto gaming was an especially hot sector this month as it seemed that it could do no wrong in spite of the broader sell off. This was dampened by the Thanksgiving Covid related sell-off, but most coins from this sector remained resiliently expensive.
Consequently, my overall portfolio value ended relatively stable this month at $2,706,232.
Enhanced portfolio disclosure
Ever since transitioning my portfolio into crypto, I decided to not disclose my explicit positions in crypto for several reasons:
- Abundance of caution as what I’m invested in are highly volatile / experimental and not for the uninformed
- Maintaining a certain level of privacy as knowing someone’s positions can potentially lead to crypto wallets being doxxed.
That said, doing so has led to my portfolio updates seem to be pointless, except to report numba go up / down. This is especially since I’ve all but abandoned REITs despite supporting it in the past <wink>.
As such, I decided to change my portfolio disclosures by specifying broad categories of crypto I’m invested in, but not the actual positions themselves. This also reflects the narratives that I believe and invest in.
Some explanatory notes on the crypto categories:
- Layer 1 – Refers to base currencies like BTC and ETH
- DeFi – Refers to coins related to Decentralised Finance apps including stablecoins
- Metaverse / Crypto Gaming – Self explanatory. This includes any gaming NFTs I’ve purchased. Value of NFTs is based on average sale price in the past week.
- Others – Catch-all category for highly experimental investments that are not in the core categories.
Hope this enhanced disclosure gives you some additional insight into my portfolio.
Notable news / trends
One observation that happened in the past month was the quite rapid strengthening of the DXY USD Index.
As you may know, the DXY measures the relative exchange rate of the USD vs a basket of currencies. Rising currency is not an issue per se if its slow. Such rapid rising of currency will usually rekt emerging market currencies like the turkish lira.
This can be destabilising to global trade as most transactions and debt are denominated in USD. Sometime to continue to observe.
ConstitutionDao fails its bid to buy the US Constitution
One thing that I find incredibly powerful about crypto is its ability to organise people around causes on a global scale and at lightning speeds. It is probably why some nation states, especially more authoritarian ones, fear and ban crypto.
A pretty famous example occurred early this year when PleasrDAO was formed a couple of days before a charity auction to bid for a NFT created by artist pplpleasr. The DAO also purchased a one-of-a-kind album from the Wu-Tang Clan.
All this is made possible by a crypto-native organisational structure known as a Decentralised Autonomous Organisation (DAO). Just imagine a corporation who’s shares are tokens that may be openly traded in crypto-native exchanges. Every token holder has a say in how the DAO runs and uses its resources. Each DAO has its own unique purpose, be it as simple as a way to “group buy” NFTs, or to govern a specific protocol, or as a way to organise and form gaming guilds (Yield Guild Games).
To learn more about DAOs, see here.
So it wasn’t surprising that a DAO was spun up and raised US$47m within 3 days to bid for a copy of the US Constitution at Sotheby’s.
Much can be said about the aftermath of the failed bid, but it gives us a glimpse of what is possible.
DAOs as a trend is something we should continue to monitor and can become a form of employment in the future.
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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