Tuesday 15 November 2022

Liquidated all my Cryptocurrencies

I liquidated all my crypto from other crypto exchanges* after losing all my crypto in FTX. Overall, I incurred a loss of around 5 thousand SGD after liquidating all. It was a pity as the Ethereum and Bitcoin that I had was bought during 2017/2018 period. But I felt that it was necessary to liquidate all as FTX bankruptcy is akin to Lehman in the crypto environment. I had absolutely no idea which other exchanges had lend to or had assets tied to FTX. Moreover, FTX had showed a fundamental issue which is of concern, crypto exchanges are using customers assets to leverage without any form of safeguard or guidelines.

It has been a good experience learning crypto. I will reassess going back in when interest rates are cut and FTX's bankruptcy has been investigated. So that I know which other exchanges are implicated. In the meantime, if you are still in, do monitor it closely as liquidity outflows have been happening across the exchanges.

*Fortunately, I redeemed all my cryptos in Gemini Earn on 13 Nov and had withdrew all money out to my DBS bank account on 14 Nov. I have also withdrew all my Coinlist money on 14 Nov. 

Tuesday 1 November 2022

My Investment Portfolio - SG (End Oct 2022) In the red or not?



Transactions made:

- Added 2000 units of Mapletree Ind Tr at $2.15

In the 2nd half of October 2022, my portfolio turned red (i.e. in a position of unrealised loss). Then in the last couple of days of October, it turned green again. This was due to the rebound by reits and our local banks. I am expecting the portfolio to just keep fluctuating between green and red for abit. If it stays red, it will be a clear sign for me to buy more.

Mapletree Ind Tr is still the biggest holding in my portfolio. DBS has rose quite abit in the last 2 days after UOB reported very good results. I had intended to buy more CapLand Ascendas REIT to push it up to the top 3 holdings along side with DBS, but its recent rebound means that I will need to wait. I have limited warchest and am mindful to pace myself. This is the best time to buy blue chip stocks if you have a long time horizon.

I am hoping that this downturn will allow me to accumulate more stocks so that I can shorten the time required to hit $1.5k dividends a month. I was hoping to hit $1k dividends a month in November. But it looks like I need to wait till December for this to happen.

The latest news is that OCBC 360 has raised the interest rate on 360 savings account again. I hope DBS multiplier will up theirs soon! 

Dividends received* during the month: $60.36 (CapitaLand Ascott Trust)

Total dividends received in 2022: $11,718.36

Average dividends per month^: $976.53

Total Portfolio Market Value: $315,141.13

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 
Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway
Divided by 12 months regardless of month of the year.