$$$ KPO and CZM $$$

Thursday, May 13, 2021

CakeDeFi Freezer + Tracking in StocksCafe

A few days back, my investment in CakeDeFi grew to SG$6k+ which was a 20% gain in ~1 month. 


However, it has fallen to ~SG$5.5k now which is still a 10% gain.


Anyway, if you cannot take such volatility then crypto is definitely not for you. Today, I wanted to share a bit more on CakeDeFi which I did not mention in my previous article - CakeDeFi - The Easy Way to DeFi.


Besides Liquidity Mining, Staking and Lending, CakeDeFi has a Freezer too. The freezer allows one to freeze/lock up your DFI from 1 month up to 10 years in order to get some rebates on the staking fees. The longer you freeze, the more rebates you get.


If you scroll down further, you will get a view of the number of DFI that have been frozen and for how long. The signup and referral bonuses are frozen by default for 6 months with a defaulted auto-renew freezing after. To be honest, I do not have the conviction to freeze my DFI for 10 years, my guess is those are probably frozen by the founders or employees within CakeDeFi.


What I have been doing is to freeze whatever DFI available whenever I received the US$10 worth of DFI from my referrals/readers for the next 6 months and switch off the auto-renew option. Thanks once again for using our referral link! With such a high interest (90-100%), I am expecting our investment to double in 1 year (with the assumption that the price of the underlying coins does not fall too much) so it does make sense to freeze them for 6 months to get the additional 7% yield.


Currently, it has a TVL of US$357 million and is ranked 52 according to Defi Llama. Depending on the progress/development of the project, I might/might not cash out the capital and leave the profit to compound one year later but that's an article for another day. For now, I really like the simplicity/ease of auto-staking and auto-compounding CakeDeFi is providing as well as the ability to export all the transactions.


Such a basic function but missing in all the robo-advisors (at least for those that I am using - StashAway, Syfe and Endowus). I have found workarounds but still disappointed with them. Anyway, if you do not know, it is now possible to use StocksCafe to track your crypto investment.


For those that are interested in tracking CakeDeFi using StocksCafe, once the transactions are exported, you can head over to my CakeDeFi Liquidity Mining spreadsheet here and paste them into the "_raw" sheet. I have formulas in the cells that will extract those information and format them accordingly to be imported into StocksCafe. You will have to manually modify the "Deposit", "Swapped out/in" transactions to better capture your capital more accurately. Another thing to note is that the tracking does not take into account the impermanent loss suffered from the liquidity mining but it will still give a good enough estimation of your gains/losses. 


Crazy return with an XIRR of 252% that is accompanied by crazy volatility (18%) and drawdown (-18%). lol.


If you are wondering how it is being tracked in StocksCafe, I am assigning $0 to each and every transaction staking/mining rewards because we are getting them at no additional cost. Behind the scene, StocksCafe will then increase the number of coins we have and lower the average cost to capture the profits/losses. 

Next, I will be blogging about my DeFi experience on other networks! My new favourite is Aave on Polygon (Matic Network). Stay tuned!

Anyway, I have blogged about different ways to leverage crypto to build wealth for people with different risk appetites:
The safer approach using stablecoins
Risky approach but more hassle-free
- CakeDeFi Freezer + Tracking in StocksCafe
Highest risk and you are on your own
- DeFi apps on Binance Smart Chain (BSC) such as PancakeSwap and PancakeBunny

If you are interested in the platform I am using, do sign up using our referral links for some bonus :)
CakeDeFi - Deposits US$50 or more into your CakeDeFi account, you will earn US$30 in DFI and we will earn US$10 in DFI too.

If you are interested in the smart portfolio tracker (StocksCafe) which I am using as shown above, sign up using my link for a longer trial period :) Refer to our Referrals page for more information.

On a side note, Futu's moomoo app attractive sign-up bonus (one free Apple Share besides other benefits) has been extended to 31st May 2021 (1500hr SGT)! Take a look at the latest benefits here.

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Tuesday, May 11, 2021

Earning High Interest Using BlockFi and Celsius Network Finale

It has been about a month since I blogged/introduced BlockFi and Celsius Network to everyone. I believe many readers are also keen to find out if the interests are really that high and how to transfer the money back to our bank accounts. To be honest, I did not have any plan to do it (convert GUSD back to fiat) so soon because there will be fees involved but after watching this video by Chicken Genius where he threw/burnt $400 to demonstrate how to use options to buy Tesla stock, I thought I should do the same too :)

Let's take a look at the interest for April!


In total, the interest I received was US$224.10 for a US$30k deposit (30,000 x 10% / 365 * 27). Anyway, I chose to receive CEL initially because I was planning to up my loyalty tier (the plan has changed since I discover DeFi but that's a discussion for another day). If you choose to receive the interest in GUSD, it will get auto-compounded weekly!

Let's take a look at the interest I need to pay the bank for borrowing that US$30k.


Hahahaha. It was just US$24.78. That means I am getting a profit of ~US$200 monthly for doing nothing simply by leveraging into a high interest/yield "savings" account. Having said that, it is definitely not risk-free but I would say the risk is minimal - when either Celcius Network or Gemini goes under.

All that is left to do is to transfer and convert the GUSD back to fiat money (USD) to show the complete loop/cycle. As mentioned previously, GUSD is backed by Gemini and as far as I am aware, both BlockFi and Gemini recognizes it 1-1 as USD. However, wiring USD out of BlockFi will incur a US$30 admin fee and requires a minimum withdrawal of US$5,000, hence it is not recommended.


Select "Transfer" followed by "Deposit into Gemini" to reach the above "Transfer Funds" page. Select GUSD and note how it states GUSD will be converted to USD once it has been deposited to your GUSD address. Click "Continue" to get your own address.


I can't emphasize this enough - always make sure you transfer your money/crypto to the correct address!

Withdrawal from Celsius

Withdrawal from BlockFi

Anyway, I initiated the withdrawal/transfer of GUSD 55.03 (the interest I received in the last week of April) to my Gemini wallet as well as GUSD 14.97 from BlockFi (the interest for the few days the fund was in transit).


You can see both the GUSD being deposited into my Gemini account as USD without any fees.


When I tried to initiate a USD withdrawal, I was not able to proceed because my bank account was not verified. To verify my bank account, I would need to deposit money from that particular account. Unfortunately, I screwed up, so it took me so long to get this article out. I wired USD from my overdraft/leverage account directly instead of my Bonus$aver multi-currency account, which was added to the Gemini side so the verification didn't happen for days while I was waiting and waiting. I only realized that I have made a mistake when I clicked around, wondering if they were actually verifying manually. lol. That is why you see a 2 x US$10 wire deposit above.


Anyway, once my bank account has been verified, I could proceed to withdraw the USD from my Gemini account.


To my surprise, I received the full US$90 to my bank account! No fees at all! I checked with my RM, it turns out SC waives inward TT fees (SG$10) for priority customer, discovered another perk today! For those with a DBS account, you can take a look at this article by Suz. If you head over to the DBS website, it states that the inward TT fees will be waived for DBS Treasures customer too.

In summary, for crypto (BTC, ETH, etc.) savings account, use BlockFi:
Gemini --transfer (no fees for 1st 10 withdrawal per calendar month)--> BlockFi
Other places/exchange --transfer (some fees)--> BlockFi

For high interest USD "savings" account, use Celsius Network:
Bank --wire USD (no fee)--> Gemini/BlockFi (receive GUSD) --transfer GUSD (no fee)--> Celsius Network for 10% interest --transfer GUSD (no fee)--> Gemini (USD) --wire (no fee/SG$10)--> Bank

On a side note, I am aware of a local startup Hodlnaut increasing its interest for stablecoins which is a great move but the beauty of the above set up is that I can avoid all/most of the fees. In addition, there is no way to guarantee my capital like 1 USD will be equivalent to 1 USDC/USDT because I would have to convert/exchange them somewhere else.

I find it quite funny when people are still so sceptical or simply treat all crypto as scam/ponzi. I do not take umbrage (lol. can't help it) but such mentality is equivalent to SPH media business model - outdated. Even CZM is finding all these interesting now and even wants to put some money into DeFi!

Anyway, I have blogged about different ways to leverage crypto to build wealth for people with different risk appetites:
The safer approach using stablecoins
- Earning High Interest Using BlockFi and Celsius Network Finale
Risky approach but more hassle-free
Highest risk and you are on your own
- DeFi apps on Binance Smart Chain (BSC) such as PancakeSwap and PancakeBunny

If you are interested in the platform I am using, do sign up using our referral links for some bonus :)
BlockFi: Deposits US$100 or more into your BlockFi Interest Account (BIA), you will earn US$10 in BTC and we will earn US$10 in BTC too.
Celsius Network: Earn US$40 in BTC with your first transfer of US$400 or more and we will earn US$40 in BTC too.
Gemini: We will both receive US$10 of bitcoin after you buy or sell US$100.
CakeDeFi - Deposits US$50 or more into your CakeDeFi account, you will earn US$30 in DFI and we will earn US$10 in DFI too.

On a side note, Futu's moomoo app attractive sign-up bonus (one free Apple Share besides other benefits) has been extended to 31st May 2021 (1500hr SGT)! Take a look at the latest benefits here.

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Tuesday, May 4, 2021

Portfolio - April 2021

Baby Ong fell sick for the first time last month :'( We woke up and realized she was having difficulty breathing through the nose and was taking big breath using her mouth instead. We applied for half day leave and took her down to the nearest PD and fortunately, it was nothing too serious. She was just having a blocked nose due to too much mucus/phlegm. We are hoping that it wouldn't happen to her again but we know it is just wishful thinking considering she's being placed in infant care. Oh well, fingers crossed.

On a side note, CZM raised an audit finding on how I am tracking our portfolio, particularly on how I am under-reporting our crypto investment. lol. In my defence, I told her that the US$30k I borrowed from the bank and deposited into Celsius Network are considered as cash management and I don't track cash over here. Needless to say, I lost the argument after all stablecoins are still considered as crypto. Anyway, you can read more about it here - Earning High Interest Using BlockFi and Celsius Network Part 2.

With that audit finding, our portfolio hit the next milestone and reaches another new high! It increased by 9.26% to $946,521 - $52,247.60 of capital injection (mostly came from the US$30k leverage which is ~SG$40k) and $27,964.68 of capital gain. This includes $154,471 of leverage/debt (gearing ~19.50%).


If you prefer to look at numbers, this is the raw data used to generate the above bar graph. These numbers are as of the last day of the month.


"Cash Flow" is the amount of money being injected/withdrawn from the portfolio (buying stocks = +ve cash flow while selling stocks and collecting dividends = -ve cash flow)

SOLD
- Soilbuild Business Space REIT (30,000 units) @ $0.538


It was privatized and has been delisted. This was one of the first few stocks that I owned since 2014 due to its high dividend yield. In hindsight, it was definitely a mistake to chase after the high dividend yield but I guess a leopard never changes its spots - I am still chasing yield just at a different place. lol. Look at my first purchase price, it was trading at $0.79 back then!


Considering that I held it for so many years and was losing money (excluding dividends), I am glad that I could finally get rid of it at a profit of 21.81% and an annualized return of 7.27%

BOUGHT
- Mapletree Logistic Trust (8,000 units) @ $1.96

It was simply to redeploy the cash I got from the privatization of Soilbuild Business Space REIT. Regular reader will know I dislike holding cash. My shopping list is simple now, we are only looking at the premium/atas blue chips/REITs because these shares have an LTV of 70% for my leverage play. Buy, pledge, borrow and repeat, soon I will have a debt/leverage as big as my HDB. lol. Mapletree Logistic Trust was the lesser evil/relatively "cheaper" as compared to the other REITs then.

Anyway, the idea of using leverage is simple, borrow the money, buy a good/excellent REIT/stock, use the dividends to pay the interests, and keep the difference while ensuring that we will never get a margin call/trigger. Once again, leverage has its risk and is definitely not for everyone. We see it as our way of buying a second property without incurring any of those taxes (ABSD, rental income tax, etc.). You can take a look at this - Leverage Performance 2020. Unfortunately, we did not buy IWDA because it is at an all-time high. Yes, I am timing the market but I just couldn't help it and it just keeps going higher @_@"

Given that it is a brand new year, I have adjusted my SRS contribution to $1,276 per month with the intention of maxing it by year-end. We have also decided to open another StashAway portfolio for Baby Ong. You can read about Our Insurance and Investment Plan for Baby Ong.

Our Monthly DCA for March - $3,876
$1,500 Cash for Ourselves - StashAway Risk Index 22%
$100 Cash for Baby Ong - StashAway Risk Index 36%
$638  KPO's SRS - StashAway Risk Index 36%
$638 KPO's SRS - Endowus Loss Tolerance -60%
$1,000 Cash - Syfe REIT+ (100% REIT)

Dividends
The total dividends collected this month is $0 :(

Total dividends collected for 2021: $6,262.72
Average dividends per month for 2021: $1,565.68

StashAway

KPO

CZM

Capital: $55,364.00
Current: $‭‭‭‭67,210.63

If you are interested in StashAway, do use our referral link. You get $10,000 free management fees for 6 months and we will get $16!

If you want to extract those transactions information from StashAway, do take a look at this article - StashAway Transactions Parser.

Endowus


Capital: $13,700.00
Current: $16,597.64

If you are interested in Endowus, do use our referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too! This access fee has no expiry date.

Syfe


Capital: $16,553.28
Current: $‭‭‭18,485.73

New Syfe customers will have their first $30,000 managed free for 6 months when they use our new referral code (KPOCZM). We will be receiving a $10 cash incentive for our portfolio if you invest $500 or more.

If you want to extract those transactions information from Syfe, do take a look at this article - Syfe Transactions Parser.

Crypto


Capital: $18,568.56 + US$30,000 ~ $58,568.56
Current: $‭‭‭33,398.20 + US$30,000 ~ $73,398.20


If you prefer a pie chart. Anyway, I did not include the 30k GUSD in Celcius Network because that's using leverage and net-net it is US$0. lol. However, I will include the interests earned in CEL. The screenshots were taken around 30th Apr or 1st May so the price might have moved up/down since then.


BlockFi recently announced the reduction of their interest. BTC in BlockFi is earning about 5% interest now.


Celsius Network also reduced their interest. GUSD and CEL are earning 10% and 4.86% respectively. I was given some DAI (10%) and BTC (3.51%) from referrals. Thanks for using our link! Meanwhile, I am also preparing part 3, probably the final part where I complete the loop by transferring GUSD back to fiat/our bank account. Keep a lookout for it!


If you read my previous month update, you would have known that I moved my CRO to the DeFi wallet to stake at 30-40% interest. Wrong move man. The yield has now fallen to 13+% and when I wanted to remove it, I can't -.- I'm locked/bonded for 28 days without any interest. Anyway, I am definitely going to convert my CRO to ADA or ETH and move the fund out of Crypto.com. The current plan is to move it to the real DeFi at BSC (Binance Smart Chain) because it is a lot more fun/happening over there.


These are my remaining coins with Crypto.com. The plan is to move away from the platform for higher yield. I will be converting the stablecoins (DAI and USDT) to either ADA or ETH because it is not cost-effective to be moving so many different kinds of coins. Will take about another week or so as some of the coins are still "locked" from the staking.


All of my ADA (~US$5.8k) have been moved to Binance and staked for a 7.79% yield as compared to 2% back at Crypto.com.


The money in CakeDeFi has grown to SG$5.4k. If you have read my previous article on it, you would have seen how I started with a capital loss of 10% due to my laziness with a capital of SG$5k but it is now in profit because the yields are simply too high.


Another thing I wanted to point out is the increase in yield for staking DFI. In my last article, it was only about 30+% but after they did some burning of DFI, it has now shot up to 90%+. Not going to complain if it is higher.



Similarly, I started with a capital of SG$5k and it has grown to US$7,490.62 (~SG$10k). I essentially doubled my capital in slightly less than a month. Pretty crazy right? You can track my crypto portfolio live through farm.army. Alpaca Finance is not being tracked by almost all the DeFi portfolio/yield tracker, hence the separate screenshot.

Anyway, I have blogged about different ways to leverage crypto to build wealth for people with different risk appetites:
The safer approach using stablecoins
Risky approach but more hassle-free
Highest risk and you are on your own
- DeFi apps on Binance Smart Chain (BSC) such as PancakeSwap and PancakeBunny

If you are interested in the platform I am using, do sign up using our referral links for some bonus :)
BlockFi: Deposits US$100 or more into your BlockFi Interest Account (BIA), you will earn US$10 in BTC and we will earn US$10 in BTC too.
Celsius Network: Earn US$40 in BTC with your first transfer of US$400 or more and we will earn US$40 in BTC too.
CakeDeFi - Deposits US$50 or more into your CakeDeFi account, you will earn US$30 in DFI and we will earn US$10 in DFI too.
Gemini: We will both receive US$10 of bitcoin after you buy or sell US$100.
Crypto.com: Sign up using our link, stake SG$500 worth of CRO and we both get US$25 in CRO

On a side note, Futu's moomoo app attractive sign-up bonus (one free Apple Share besides other benefits) has been extended to 31st May 2021 (1500hr SGT)! Take a look at the latest benefits here.

You might be interested in these blog posts too:
2020 Net Worth
Portfolio - March 2021 - $866,309 
- Portfolio - April 2021 - $946,521

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)