Hello everyone! It’s the end of the month again, not sure if this monthly update is still relevant to readers but we are using this to document some of our thoughts as well as our progress.

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

This monthly update feels a bit more like a crypto update now, so we try to touch some non related crypto stuff at the end of the article this time round. 🙂

For September, we continue to add into crypto and added a new position Algorand into our portfolio, while averaging up on Luna. To fund this, Mr Budget took up a cash advance offer to invest into crypto from HSBC as the rate of 2% APY is too good to pass up on.

We didnt do much changes to our portfolio but if you were in the crypto space, most likely you would be in the red, which is typical historically in crypto. You would also know that there were several negative news such as China announcing the crypto ban yet again, as well as US regulators being on the fence on their crypto stance.

Our combined net worth is now at $2,000,000, including CPF but excluding our property and mortgage. This is down from $2,070,000 last month, a change of -S$70,000.

This month’s decrease in net worth is due to the retracement on crypto as well as the retracement of our US portfolio. US equity stocks came down too as bond yield increases, sending growth stocks falling a bit.

The retracement is a healthy retracement given that our portfolio enjoyed a decent run up in the month before. But we are ready for the end of the year because historically crypto enjoy upsized returns in the fourth quarter of the year. Hopefully its the same this time round!

Binance shutting down

We wanted to share to all our readers on those who are in crypto too on the Binance spot trading halt. One of our readers asked us what are we doing on it. For that, we have set up all accounts on the different exchanges (haha kiasu) and did our KYC on all of them: FTX, Kucoin, Gemini and Huobi.

Moving our digital assets from Binance is a bit painful as we have to withdraw each asset one by one and move them to a dedicated digital wallet.

For us, we will be moving most of our assets into the decentralized world as opposed to moving them into another centralized exchange. What that means is that, for example, we hold Algorand – and most likely we will be moving into Algorand’s decentralized digital wallet MyAlgo and stake it there for passive income. The disadvantage of this is that it may take some time to withdraw your staked coins.

For readers who may be unfamiliar with that, you can move your assets to FTX, Kucoin or Huobi. The advantage of that is you get to continue trading your positions.

Our Ethereum is all stored in Hodlnaut for interest.

Here are some referral codes if you need:

Gemini https://www.gemini.com/share/pqepnn8s9
Hodlnaut https://www.hodlnaut.com/join/hpgtm3bXH US$20 sign-up bonus after making a deposit equivalent of US$1,000
FTX https://ftx.com/#a=36327662 5% off trading fee
Kucoin https://www.kucoin.com/ucenter/signup?rcode=r3385MC

If you have questions on how and where to move your assets around, do feel free to drop me a comment or email, happy to answer any questions you may have.

How’s Life?

So as you might have noticed, we are quite knee deep into the whole crypto space. But we also need to remember to zoom out and live in the real world. 🙂

Life has been fun for us – Mrs Budget finished her confinement about a month ago and Baby Budget is now 2 months old! We also hired a helper to help us take care of Baby Budget and also to help around the house – and she is an absolute lifesaver.

Other than that, because of the continued lockdown as well as worrying a COVID exposure to Baby Budget, we have mostly been confined at home. The risk of going out is just slightly too high for us now.

So everyday now is mostly revolving around playing and enjoying Baby Budget’s growth, and we cant wait for him to start responding more to us!

How has finance and personal life been for you? It may also be a good time to take stock of the goals you set to achieve earlier this year as we are down to the last 3 months of the year. 🙂