Hello everyone! It’s been a month since we updated here. This update will also be a relatively short one as our baby is finally here! All the hard work goes to Mrs Budget and she is now recovering well too!

As with our monthly updates, here are what we’ve done in July 2021 with regards to our personal finance.

For July, we continue to add into crypto as we do more and more research in the space. We averaged into Matic, Chainlink, Sushi. We managed to exit 60% of our crypto position and went in and out of Axis and made a quick 50% in just 2 weeks – because of that trade, our portfolio went up to where it was back in May.

For crypto, we are seeing signs of rebound and we are very excited to see bullish signs coming in as we continue to accumulate our crypto positions.

Our net worth is now at $1,630,000, including CPF but excluding our property and mortgage. This is up from $1,475,000 last month, a change of +S$156,000.

This month’s increase in net worth is due to the rebound on crypto, as our US portfolio saw a slight dip.

This month also saw the huge market retracement for China stocks as the government continue to regulate the market there. Makes us be even convicted to stay away from China stocks – which we had mixed results in.

Outlook moving forward

Moving forward, we will continue to allocate funds into crypto as it still present the highest risk reward to us. Our investment into crypto will always be in revenue generating protocols with actual user growth and revenue growth – for example, Ethereum, Chainlink, Matic, and even most recently Axie Infinity. Holding these counters allow us to sleep well at night.

On crypto – 4th August Ethereum is rolling out update 1559 – which is expected to give an upwards push onto the Ethereum prices due to the deflationary update, so this is probably something worth looking at.

As our baby is now out, we will have to be slightly more conservative in terms of investing 2 – 3 years from now, hence we will continue to keep our risk appetite high now in order to have a higher potential return.

We may also be starting a satellite portfolio for Baby Budget and when he is 18 years old, hopefully we give him a decent headstart in life. Thinking about this excites us too as we look forward to design a portfolio with futuristic theme for him – themes including AI, Metaverse, Fintech / DeFi – the key for us then is to have the discipline to continue DCA-ing into the fund and not touch it for 18 years. When we design the fund, we will probably do an article on that.

We also expect expenses to shoot up and hence, that will impact our available funds for investments monthly – hence there will probably be a slowdown in our portfolio growth. To counteract the slowdown – we are looking to maintain a high and calculated risk level in our investment approach.

For us now, we are just continuing to accumulate quality crypto, with our CPF and US stocks acting as the conservative portion of our portfolio, while crypto becomes the growth portion of our portfolio.

The question that we always ask ourselves is, what if crypto is here to stay, and what if it is not. The upside for the former is much higher while we are ok to accept the downside for the later.

In the meantime, stay safe and happy investing!