No long-winded commentary this time around, as I’ve just come back from my honeymoon in Switzerland / Venice / Italy.
Swiss was too cold and we weren’t prepared for snow + rain + costly train tickets; Only thing good about Venice / Rome was its food, though its ancient architecture / buildings are marred by societal dis-amenities (i.e. homeless, dirty streets, and constant smoking).
That said, it has ticked off an item in our bucket list, and we made the best out of it. Having visited Japan last year, I can safely say that your happiness is quite correlated to how well you’re being treated (i.e. like a king or like someone who has no business doing there). Japan takes the cake, and I’d rather go Japan (again) than Europe.
On my portfolio:
Equities: Barely unchanged from Feb, but this is exactly the time to accumulate more stocks in companies that will do exceedingly well in the next 3-5 years.
Crypto: My bet in dog coins / Solana paid off, with the skyrocketing of $WIF carrying the entire Solana ecosystem along with it. I continue to index my portfolio in Solana, and will try and stay composed ahead of 20-30% drawdowns that equate to huge swings in my portfolio value.
On the remainder of 2024:
Equities: Stocks are a general barometer of American sentiment, and with elections around the corner, institutions should drive stock markets up, with political pressure to ensure that the stock market stay true to its intention (stable investment with consistent returns over long run).
Crypto: The exuberance in crypto is signs of froth, to a certain extent, but with the BTC halving happening just weeks away, I think everybody is gearing up for a bullish crypto summer, given that institutions are more than ready to load up on BTC ETF. Funds further out in the risk curve will allocate to higher-risk coins i.e. the likes of Solana, and even meme coins such as Dog / Cat coins.
It is clear as day that they could head to 0, but it is such a low possibility that anybody leveraging on that as their main argument isn’t someone worth listening to. BTC has survived for 15 years, and it is highly likely to survive for 15 more.
OK that’s about it for my thoughts, enjoy my portfolio update below. See you next month!
Cheers,
Joey
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
* Chart starts from end of November 2020 when I started recording my crypto portfolio. Summarizing:
Lifetime performance since Nov 2020: 40.4x my cost
Lifetime result:
- Achieved 4.2x of BTC performance (40.4/9.54)
- Achieved 1.6x of ETH performance (40.4/24.91)
Finally outperforming ETH, after 3 years… Thanks to the dog wif the hat.
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 ~26.2x my Jul 2019 net worth, in terms of income / bonus.
I’ve made my money work, and my net worth now is ~75.6x my Jul 2019 net worth.
I’ve accumulated savings of 8.5x 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!
DCA Strategies
Endowus
Bitcoin Mining
Crypto Portfolio
<End of Post. See you next month!>