With my long-term investment I’d like to not move around too much, but I have been this past week and I want to write a little update here.

There are some big volatility going on and I’m probably over-reacting just like the market is.

Mindset review

Before updating the portfolio, I want to write a bit to “coach myself”.

The past week has probably marked the biggest losses I’ve had since starting investing.

Not that it’s a huge deal though because it’s only wiping out the huge gain that I’ve made earlier this month.

However it happened so fast and so furiously, it kind of caught me off guard.

I found myself thinking about it too much and looking at too much news.

I did do a nice move rotating from QQQM to IWM and that saved me from some losses (or helped me with some gains).

Not sure if it’ll be the right decision at the end of the day but it’s a good diversification at this point anyways.

In any case, I need to grow my “risk appetite” and not let daily fluctuations affect me too much.

I don’t exactly know how actually but it’s something I need to continuously learn.

What I can do though is to limit my news intake and also my trades.

I think I’ve put the portfolio in a good position now and even if volatility continues I’ll try to remind myself more of my long-term theses and not react too much.

Current Portfolio:

HKD/USD cash: 19.3% (26.3%)

USD ST bonds: 40.4% (39.5%)

USD stocks: 18.1% (18.8%)

USD LT bonds: 6.3% (6.1%)

Gold (USD): 16.0% (7.7%)

YEN cash: 6.7% (6.2%)

JPY stocks: 16.9% (19%)

YEN shorts: -23.8% (-23.5%)

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Not too much movement in the past week regarding moving distribution. trimmed down on JP equities because it wasn’t running at hot as I imagined.

Also the US equity market is really dragging especially the big tech so that’ll definitely drag down the JP equities. Not to mention the sudden yen rise.

US Equity

Not doing great the past week but nothing major.

Some political news and interest-rate cut expectation driving the pressure.

I think there is a decent chance (~30%?) it might reverse like it previously did though and things will go the other way again possibly.

Anyways having some 30% distribution in RUS2000 feels comfortable for now. Will move if things change.

JP Equity

Back to 40k from 42k, which isn’t a huge deal considering it wasn’t seeing 40k for the longest time.

Made some stupid moves and lost ¥100k there.

To reflect the losses:

• Bought 2644 on the breakout – then huge semiconductor drop and -¥63k there
• Bought 1321 on the breakout – false breakout -¥19k there
• Got scared and thought things will rotate to small-caps and bought 2516 – then realized JP probably wont behave like US, went back out again -¥23k

I’m sticking with the long-term JP semiconductor thesis now and holding small percentage in 2644 while keeping the majority in N225.

In hindsight maybe ~¥60k was justified on the false breakout, and 40k was just like self over-reaction.

USD.JPY

HUGE drop and to say the least that was a significant loss there.

It’s only cutting the gains I’ve made so far though and I haven’t actually incurred any loss.

Still a >HK$10k loss over a few days though so made me rethink if my yen short position has gotten too big.

Made the update in the continuous post though so won’t reiterate here.