Holy crap what a great month.

The bet on crypto finally is paying off, and gold didnt do too well but the whole Bitcoin/Tesla jump covered it and more.

Current Portfolio:

HKD/USD cash: 8.85% (12.93%)

USD ST bonds: 0% (12.51%)

USD stocks: 18.91% (15.87%)

JPY stocks: 13.67% (14.36%)

Bitcoin (USD): 12.33% (7.55%)

Gold (USD): 45.16% (37.17%)

YEN cash: 15.83% (15.62%)

YEN shorts: -14.74% (-16.01%)

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Biggest change is crypto here for sure and a lot of the rise in % is from the appreciation.

Although as I’ve dived deeper into bitcoin and learned more, my confidence in it has increased and I think I won’t be trimming down at 12% just yet, might even add just a tad more. Already written about that in an earlier post though.

US Equity

Added some more defensive equity like BRK.B and COST.

The gold holdings is a bit too heavy and right now defensive equity actually look less volatile and a slight rebalance here should be good.

Looking to add more to around 20% probably.

BTW Tesla went crazy after trump’s victory. Pretty big gain there, but anyway staying put – not adding or trimming for now.

With the new era unfolding, I want to add more Tesla but don’t want to chase up at the moment. Not sure if I can get in during a dip but let’s see.

JP Equity

same old pretty much, also staying put here.

Haven’t gotten anything from it almost the entire year, but thats how it goes – right now it’s bitcoin’s turn. Hopefully next year it’s JP stock’s turn.

Gold

So kind of a roller coaster ride with gold this month.

Dropping as much as 8% at one point, and with my holdings that means an HKD60-70k loss.

Fortunately it recovered a bit and now down ~4.5% for the month.

And that made me rethink my super heavy gold holdings now.

Not going to go back to USD or JPY fiat cash, but maybe a bit more US defensive stocks, which I’ve been buying toward the end of this month like BRK.B and COST. Also added a little UTES.

Crypto

So wow what a crazy month. from 70k to almost 100k, 33% increase.

Calmed a bit after hitting 99k and now it’s been range bounded for a week around 95k.

I would expect it to break through 100k soon though and would definitely buy any dip in the 80k-90k range.

Thinking if I should keep the weight at 12% or maybe increase it to up to 15%. Maybe increase it slowly.

Anyways don’t really want to chase the bull for now so let’s see if there would be a breather around 80-90k or if the increase could take me to 13-14%+ without additional purchases.

In any case seems like I might not be doing any trimming this bull run … unless maybe MSTR goes too crazy, say like $1000+.