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+.