Equity Portfolio Breakdown
% Value: Value as % of my portfolio
% Cost: Cost as a % of my total cost invested into equities
This table simply visualises the divergence between my investment thesis and the current market expectations of the company. No hard rule on % cost allocation for stocks yet, nor a threshold where I will trim them.
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Equity Portfolio Performance
Historical Portfolio Returns (top); Cumulative Portfolio Returns (bottom) - Since new brokerage.
Monthly Portfolio Returns
CAGR Performance
Note: CAGR for my portfolio is calculated as:
(market value of portfolio including cash / total cost) - 1
The CAGR returns are compared in the above table instead.
Crypto Portfolio Performance
* Charts start from end of November 2020 when I started recording my crypto portfolio. Summarizing:
Lifetime performance since Nov 2020: 18.6x my cost
Lifetime result:
- Achieved 3.2x of BTC performance (18.6/5.9)
- Achieved 1.1x of ETH performance (18.6/16.9)
Finally outperforming ETH, after 3 years…
Net worth growth
If there’s only one metric that you can apply to your financial life, I believe that would be net worth. If you’re investing, perhaps under 5% of your gross income for investments, it’s a little hard (compounding considered) to eventually make a dent in your net worth.
To read this chart:
I’ve received ~24.3x my Jul 2019 net worth, in terms of income / bonus.
I’ve made my money work, and my net worth now is ~39.6x my Jul 2019 net worth.
I’ve accumulated savings of 7.8x my Jul 2019 net worth.
Red line is an extreme example; Anywhere between grey and red is acceptable, since you’re supposed to compound your savings, and not your income (i.e. you don’t spend anything). Onwards and upwards!
This month was hard for me to catch a breather, and while I do stay in touch with my portfolio companies, I am taking the increase in exposure slowly, given that my savings have largely been depleted by life events such as my house, and my wedding, as well as overseas trips that are done / dusted + still in the works.
If anything, I’ll likely rotate out of crypto into equities as a 5 to 20 year bet - my goal is to hit $1m in portfolio value as fast as compounding allows, and at the same time lead a comfortable life with my family.
Reaching this target as fast as possible doesn’t mean you have to sprint to get there, but rather to be content in knowing that you’re progressing, steadily, through ups and downs, that would suffice.
Equities Portfolio Commentary
Anyway, Fed has announced that they won’t cut rates until May / June, so market has already priced this in (as they do, with every other event). Importantly, we need to understand the impact that cutting rates have on the markets, and it is exactly (well, not so) the inverse of what had happened from Nov 2021.
Very optimistic here, but I do think we see another year of green in the markets going into election year, before some other event leads to a blow-off top (probably AI / geopolitical related?) in the markets once again. Such is market cycles, but they are always there and they will always repeat (though with different frequency and length).
DCA Strategies
Endowus
Bitcoin Mining
Crypto Portfolio Commentary
Solana
For this month, work got the better of me (again), but happy to see my portfolio still rising with the purple tide, especially with the Jupiter airdrop during month-end, that was pretty sick.
I am still chilling in spot and derivatives, though slightly lower exposure than before, owing to my risk tolerance (high but not that high), with 20-30% drops being normal - wouldn’t want to expose myself to risk of ruin.
Penguins / Kanpai Pandas
The Pudgy world is doing alright now, having broken into mainstream cartoon / cute scene, capturing mindshare amongst both adults and their children. Kanpai Pandas is chugging along equally well too, though it has not seen an appreciation in value like Penguins, but hey, we know what happens to these prices when times are ‘silly’.
Never would I imagine making money off of magic internet pictures, but here we are.
Conclusion
Thank you for reading. This is an extremely short article, so I hope you enjoy the conciseness of it. Charts tell a greater story than my prose every could, anyway.
See you next month.
Cheers,
Joey