I am tracking the majority of our investment in StocksCafe except for those in Endowus but the above should be a good enough estimate. StocksCafe is showing our capital as $921k + $83k (unrealized) = $1 million. However, we have been reinvesting all the dividends and realized profits so we can start by taking $1 million - $185k (total P&L - both realized and unrealized + dividends) - $189k (leverage) ~ $626k. For simplicity, I have worked for 6 years and CZM 8 years so on average, we invested around $44k per person per year.
Of course, this may not be realistic to some but everyone's journey is different. Just continue to work hard for yours! Sharing our capital flow for more context. As you can see, the initial years were much lower but as you work hard in your job and get promoted, you will have more money to invest. 2019 was the year we got our house, renovated, and moved in so didn't have much to invest. 2020 onwards, we started to use leverage and it became crazy high so take it with a pinch of salt. The main point is to start investing if you are still sitting on the fence!
Shall share some thoughts/observations too. Firstly, the use of leverage accelerated the growth of our portfolio and we will continue to do that. The risk is always present but if you know what you are doing, why not use whatever tools you have to grow your wealth. Unfortunately, it seems we are still quite far from FIRE. The initial assumption was 5% dividend yield on a $1 million portfolio which will generate $50k or $4.2k monthly for expenses but our passive income is far from that (~$2-3k+). This is because not all of our investments are in dividend producing assets (e.g. Crypto, StashAway, and Endowus). Furthermore, our expenses have grown significantly with the addition of Baby Ong but I would say the plan for FIRE is still on track because CZM can technically retire anytime now and I will retire by 40. The longer CZM works, the faster/more we can build our portfolio.
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.
Dividends
The total dividends collected this month is $392. The breakdown is as follows:
Endowus
If you prefer a pie chart.
I have moved 1,000 ADA to BSC to do leverage farming using Alpaca Finance. Most of the ADA is still with Binance and staked for a 7.79% yield.
I am sitting on a 20+% return for CakeDeFi after the price of DFI recovered with BTC. For this portfolio to perform well, it relies heavily on the price of BTC and DFI. Even if the prices remain as it is now, it will likely be in profit again given the high yield. In my opinion, CakeDeFi is a good starting place for someone that is planning to try out DeFi/getting high yields in crypto without worrying about any rug and exploit.
You might be interested in these blog posts too:
- 2020 Net Worth
Shall share some thoughts/observations too. Firstly, the use of leverage accelerated the growth of our portfolio and we will continue to do that. The risk is always present but if you know what you are doing, why not use whatever tools you have to grow your wealth. Unfortunately, it seems we are still quite far from FIRE. The initial assumption was 5% dividend yield on a $1 million portfolio which will generate $50k or $4.2k monthly for expenses but our passive income is far from that (~$2-3k+). This is because not all of our investments are in dividend producing assets (e.g. Crypto, StashAway, and Endowus). Furthermore, our expenses have grown significantly with the addition of Baby Ong but I would say the plan for FIRE is still on track because CZM can technically retire anytime now and I will retire by 40. The longer CZM works, the faster/more we can build our portfolio.
Anyway, our portfolio reaches another new high! It increased by 4.32% to $1,030,905 - $9,555.23 of capital injection and $33,134.85 of capital gain. This includes $188,852 of leverage/debt (gearing/debt ~22.43%).
"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
- None
- None
BOUGHT
- China Construction Bank (2,000 units) @ HK$5.59- iShares Hang Seng Tech ETF (400, 700 and 900 units) @ HK$15.88, HK$15.56 and HK$13.22 respectively
I bought the first batch with our dividends from BOC (Bank of China) and took out $4k leverage (not enough money as my salary have not been credited then) to buy more HS Tech ETF for obvious reasons - it is currently below our average entry price and we have been lagging in our "monthly DCA". I stopped buying previously when it was trading at HK$20+. lol. I do believe these are just short term volatility and in the long term, these China tech companies will recover once the government is done showing who's boss.
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.
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 June - $2,876
$1,500 Cash for Ourselves - StashAway Risk Index 22%
Our Monthly DCA for June - $2,876
$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%Dividends
The total dividends collected this month is $392. The breakdown is as follows:
Company PayDate Shares Total
Mitsubishi UFJ Financial Group Inc 1-Jul-21 3,000 JPY 31,756 (~S$392)
Total dividends collected for 2021: $15,283.14
Average dividends per month for 2021: $2,183.30
StashAway
Average dividends per month for 2021: $2,183.30
StashAway
 |
| KPO |
 |
| CZM |
Capital: $62,716.00
Current: $73,355.54
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.
Current: $73,355.54
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: $25,614.00
Current: $30,094.38
Current: $30,094.38
I decided to invest my CPF OA last month and blog about it here - Investing CPF OA Through Endowus.
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.
Crypto
Tracking crypto investment becomes very painful when the number of coins increases as well as when I move across to different networks. Hence, to simplify the tracking, I will just be tracking the capital I put in vs the current value at the end of the month.
Capital: SG$41,749.08 + US$40,000 (leverage) ~ SG$95,961.83
Current: SG$53,531.92 + US$40,000 (leverage) ~ SG$107,744.67
Current: SG$53,531.92 + US$40,000 (leverage) ~ SG$107,744.67
Crypto - BlockFi
BlockFi has reduced the interest for BTC to 4% now and I have bridged most of my BTC to Polygon for DeFi/higher yield. If DeFi is too complicated/daunting, I will recommend Celsius Network which is giving 6.2% for BTC deposit.
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.
Crypto - Celsius Network
Celsius Network recently launched a web app which is so much more convenient now (at least to me). Unfortunately, Celsius has decreased the interest for GUSD to 8.88% (didn't know ang mo also will choose such a huat number. lol) while CEL is earning 4.86%. I was given some BTC from referrals which I will be transferring out as well for higher interest. Thanks for using our link!
Singlife decrease interest again?! Why don't you read the below articles and consider Celsius at 8.88%?
Celsius Network: Earn US$50 in BTC with your first transfer of US$400 or more and we will earn US$50 in BTC too.
Crypto - Binance
Crypto - CakeDeFi
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.
Crypto DeFi - Terra
I blogged about it previously - DeFi - Terra (LUNA & UST) & Anchor Protocol (20% Interest). I have moved most of my money to Terra including CZM's initial investment because this is my high conviction crypto pick. lol. In my opinion, LUNA can easily go to 3 digits because it is based on the demand for UST which will only increase as time goes by where more projects are launched, UST going cross chains, and getting listed on more exchanges.
My Terra Address:
Crypto DeFi - Polygon
All my BTC are deposited in Aave with half of my ETH here while the other half is in Mai Finance.
Mai is a polygon version of Dai. Basically, one provides collateral to mint Mai which is a stablecoin. It is pretty cool in the sense that the underlying collateral is an Aave asset that will auto compound by itself.
In addition, Mai can then be used to farm for Qi which is the governance token.
I am doing the same thing for my MATIC.
Half of my QI-MAI LP is deposited into Beefy Finance to auto compound.
A small amount is deposited into Curve atricrypto for a 20-30% yield.
I will be skipping the update for the rest of the network/dapp as they are much smaller, the plan is to move most if not all of them into Terra in the next few months. If you are interested, you can dig/search for my activities in the various network using the addresses below.
My Metamask Addresses:
Some of you might see/observe a small allocation to Crypto "Business". Long story short, I introduced DeFi to 2 of my friends and they are really smart, technical people that got creative. Instead of looking for the next farm/projects, they started writing python scripts to earn money in a very different way. They shared the codes and everything with me but it was too much to keep up (time and coding) so I proposed a joint venture when we inject the same capital (US$1,000 each) but split profits differently (20% (me for being an accountant, updating spreadsheet to track P&L), 40%, and 40%). Of course, I will not go into the details since it is our business secret (lol) but it is quite profitable where we have generated slightly more than 50% of our initial capital in the first month. In my opinion, this has lots of potentials and they have even upgraded the python script to deploying smart contracts. The current implementation still requires manual intervention but imagine once it is fully automated. Huat ah!
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.
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$50 in BTC with your first transfer of US$400 or more and we will earn US$50 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
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 sign-up promotion is now slightly different (Pfizer and Haidilao shares are given with deposit and 3 trades each on US and HK markets. T&C here) and has been extended to 19:59 hrs SGT, 31st August 2021! As part of the collaboration, I will be giving away 5 moomoo 'neck-fix and chill' pillow (not for sale but can be redeemed in the app) to 5 randomly chosen readers who signed up through our referral link for this month! More information can be found here - Futu's moomoo August Campaign + Merchandise Giveaway!
You might be interested in these blog posts too:
- 2020 Net Worth
- Portfolio - December 2020 - $669,630
- Portfolio - January 2021 - $712,898
- Portfolio - February 2021 - $742,364
- Portfolio - March 2021 - $866,309
- Portfolio - April 2021 - $946,521 $935,646
- Portfolio - May 2021 - $952,839
- Portfolio - June 2021 - $988,215
- Portfolio - July 2021 - $1,030,905
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.)
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.)
Congratulation on achieving a significant milestone ! Thank you for your sharing :)
ReplyDeleteThanks BK!
Deletecongrats! next target, 10mil? =)
ReplyDeletejust curious, any systematic way to keep track of crypto? its quite tedious and laborious. and i havent even started defi. just cefi with all these new and old platforms is taking up a lot of time.
Haha. Thanks foolish chameleon! 10 mil is too much. 2 mil first ba.
DeleteYes, it's not easy. I'm just tracking capital and where it went to for DeFi. CeFi should be easier, just export the transaction from the various platforms?
Congratulation for your million dollar achievement !
ReplyDeleteThanks HK!
DeleteCongrats! :D
ReplyDelete- kevin
Thanks Kevin! So nice of you to drop by after playing CryptoBlades. lol
DeleteCongratulations on your new emblem ;)
ReplyDeleteInspirational as always ;)
Thanks sleepydevil!
DeleteYou are an inspiration to the younger generation too. 100k at 23 years old!
You're making my shy. Some sheer luck, I'd say.
DeleteGuess it has been a good update to both of us! 双喜临门！
Let's work harder towards our next milestone ;)
Haha. I would think it is lots of hard work and a little luck. There's always tradeoff to be made.
DeleteYes, jia you and huat ah!
Congrats bro! I also recently hit 1.1mm portfolio but I leveraged 400k (due to your inspiration) so it’s really only 700k. I need to carefully read your post on crypto… time to get better yields there
ReplyDeleteHi FutureValue,
DeleteCongrats on hitting 1 million too! Leverage isn't that scary if you know what you are doing and manage the risk accordingly right. Yes, you should! DeFi is really cool once you start understanding it.