2021 Net Worth

We dabbled in crypto in early 2021 with the plan to allocate just a tiny 1% of our net worth into it. However, I fell deep into the rabbit hole, discovered LUNA/Terra and eventually persuaded/convinced CZM to screw/ignore the 1% allocation. lol. Now it is taking up close to 50% of our net worth.

Our WhatsApp group chat

In addition, I started exploring DeFi with my friends (some of you can probably tell why it was named that way. Hint: BSC. lol) and eventually we started a crypto business with just US$3k capital. It is currently generating conservatively a few thousand dollars of passive income monthly (probably not that passive for my friends because they are doing the heavy lifting/coding. lol). It is a crazy amount for us because this was achieved in months as compared to our dividends portfolio which we spent years building.

Besides crypto, another factor that contributed to the growth of our wealth is the use of leverage.

Debt/leverage breakdown:

Stocks - SG$271,199

Crypto - US$75,269 (~SG$101,433)

House - SG$350,538

Total: ~SG$723,170

I believe the amount of debt we have taken might make some of you sleepless but it isn't really that much. If you think about it, anyone buying a private property without investing would have taken on much more debt but grow their wealth much slower (just my opinion). Anyway, we borrowed ~SG$372k to invest and it has exceeded our mortgage of ~SG$350k. Once again, leverage isn't for everyone and most importantly, never put yourself in a position where there is a high chance of being liquidated/margin call.

Let me introduce the concept of net worth and its importance once again for the new readers.

Net worth can be calculated by taking all the assets and subtracting away all the debts/liabilities. This is the classic comic where everyone is actually poorer than the beggar who has a net worth of $2.73. Your friends/colleagues may be living in a huge condominium, driving some fancy car but it could all be financed by debts. There is absolutely nothing wrong with that as long as their income allows so but anything can happen! Do not be the The "Poor" Pilot With Multiple Properties. You can refer to the following article on the importance of net worth by InvestmentMoats - Don’t Track Your Expenses or Budget First. Plot Your Net Worth Instead. 

Cash
This is all the money we have in our savings accounts. Regular readers will know we are investing aggressively that we hardly keep/hold onto cash. No emergency fund as well which I do not recommend since it is personal finance 101. We felt that there's no need for it at the moment, will probably work start saving when CZM retires?

Our Cash: ~ $25,000

CPF
Every month, I will try to show CZM her net worth in order to motivate her to work harder towards financial freedom. However, she would always say I inflate her net worth because I included CPF. lol. I am sure some of you may have the same mentality but like I always tell her, CPF is our money and should be included as our retirement planning.

Our CPF: ~ $380,000 (OA + SA + MA)

Investment - Stocks/TradFi

The return through the use of leverage is not being captured and should be higher. Anyway, our overall time-weighted return is 18.01% and XIRR is 6.99%. The majority of our portfolio is tracked using StocksCafe except for Endowus which is about 35k and we have about 271k of leverage/debt. You can refer to Portfolio - December 2021 for the detailed breakdown.

The screenshot was taken after 2021 so numbers will not tally

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.

Our Investment: ~$756,000

Investment - Crypto/DeFi

The majority of our crypto investments are in Terra. You can refer to Portfolio - December 2021 for the detailed breakdown.

What's excluded:

- Crypto Business

- NFTs

I minted/purchased our first NFTs last year September. It costs about 3 LUNA or US$123 then. I sold one for 118 LUNA (~US$4,838 then or ~US$9k now) and kept the remaining 2. One of them (#10902) has a silver crown with a floor price of 250 LUNA or ~US$20k and the other (#9868) is a top 5% glitch punk. Both of them are much rarer than what the floor is trading at but conservatively, they could be sold/valued at a minimum of ~US$40k in total. Of course, the most conservative valuation is 0 which is why they were excluded :)

Our Investment: ~$1,073,000

Property

I believe that property should be included in the computation of net worth. If one excludes the value of the property, the money (cash/CPF) you use to pay for the loan/mortgage will be no different as disappearing into the thin air or throwing it into the sea. Hence, I will be valuing the property based on the total payment (interest + renovation cost) till date. This ensures that our money will not "disappear" and act as a floor/minimum amount (total payment + remaining loan + markup/profit) to sell in the future.

I can imagine people selling their house at market value + markup, thinking that they made money from the sale but it is totally possible that market price + markup < total payment + remaining loan. Does this make sense or is it too confusing? lol.

Anyway, the cost of our HDB + the payment made so far is ~520k and the current outstanding loan is 351k.

Our Property: ~$168,000

Total

Our Net Worth: ~$2,404,000

Here you go! Our net worth pie chart, it looks pretty yummy to me :) 

Oh, we also have about 465k miles which are just as valuable/useful as our NFTs at the moment and are valued at 0 dollars as well. lol.

Are you tracking your net worth?

On a side note, Futu's moomoo app free AAPL share sign-up promotion is back for this month. Do read the T&C here for more information. If you have yet to open an account, you can do so using our referral link :)

Accidentally clicked on the annoying ads? Let me thank you in advance as you are indirectly doing good as we will be Donating 100% Ads Revenue Going Forward!

You might be interested in these blog posts too:
- 2017 Net Worth: ~$510,000
- 2018 Net Worth: ~$640,000
- 2019 Net Worth: ~$886,000

- 2020 Net Worth: ~$1,107,000
- 2021 Net Worth: ~$2,404,000

- Our CPF 2018

- Our CPF 2019
- Our CPF 2020

- Our CPF 2021

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.)

Portfolio - December 2021

Last month, we celebrated Baby Ong turning 1 year old! Time flies! I'm guessing it was very fun for her (lots of presents too) but it was extremely tiring for us because we had to hold multiple parties across different days/weekends for our families and friends due to the covid visiting restrictions.

Last month has been a crazy month for LUNA as it broke all-time high a couple of times to reach a high of ~US$100. When that happened, I received a couple of DMs from FB and Twitter thanking me for sharing about LUNA. The thing is you guys made the decision to invest in it so thank yourself for taking the action and not me. Similarly, I wouldn't want you to be blaming me if things turn out the other way. Like Chicken Genius always says, "you burn, I burn more". lol. 

Interestingly, I also received the most ridiculous email/request since I started blogging many years back - someone actually reached out and asked for financial help after losing money/getting liquidated by trading speculatively on crypto (money which he needs to pay for his uni fees). I replied and told him the honest and harsh truth - there's zero chance an anonymous blogger is going to help him financially and there's no easy way out in life. Regardless, I hoped that he will overcome this difficulty and learn from his mistakes.

Anyway, our portfolio reaches another new high! It increased by 39.07% to $2,100,909 - $82,160.52 of capital injection and $508,044.82 of capital gain. This includes $271,199 of leverage/debt (gearing/debt ~14.82%).

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
- None

BOUGHT

- Mapletree Logistic Trust (12,000 units) @ $1.870

- CapitaLand China Trust (20,000 units) @ $1.160

- Ascendas REIT (12,000 units) @ $2.920

We are going to change our plan again given that our crypto portfolio is much bigger than the stocks portfolio now. I am pretty sure that we will become crypto multi-millionaires *finger crossed* even if we stop investing more now. UST hitting US$10B market cap is just the beginning... 

Instead of converting the crypto back to fiat in the future to derisk, it makes more sense to just go back to stocks now. Another reason for doing that is we are planning to retire CZM soon but we are also planning to decouple and get 2 properties in the future (another 3 years once we reach MOP). Yes, that sounds like a boomer move but we are actually using leverage/good debt to convert crypto profit into physical assets. I believe no bank is going to lend her anything without an income or based on our crypto portfolio but we might be able to borrow using stocks as collateral. Grand plans or it could just be a dream. lol.

Hence, we took on more leverage (~SG$78k) by purchasing more REITs. 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 the last month of the year, I have contributed another $1,264 to my SRS to max it by year-end. As mentioned previously, I will be using only Endowus for my SRS as I proceed to move funds out of StashAway.

Our Monthly DCA for December - $1,264

$1,264 KPO's SRS - Endowus Loss Tolerance -60%

Dividends
The total dividends collected this month is $3,027.71. The breakdown is as follows:

Company                                PayDate     Shares     Total

Frasers Hospitality Trust 29-Dec-21    4,000     $32.16

Mapletree NAC Trust         24-Dec-21    15,335    $525.37

First REIT                         17-Dec-21    9             $0.05

AIMS APAC REIT                 17-Dec-21    1,600     $40.00

Frasers L&C Trust                 16-Dec-21    24,297    $624.42

Sysma Holdings Ltd         15-Dec-21    10,000    $550.00

Mapletree Logistics Trust 14-Dec-21    8,000      $173.84

Parkway Life REIT         8-Dec-21      5,000     $178.00

Mitsubishi UFJ Financial 6-Dec-21      3,000     JPY 34,296.48 (SG$417.15)

Mapletree Industrial Trust 3-Dec-21      9,600     $333.12

NetLink NBN Trust         1-Dec-21      6,000     $153.60

Total dividends collected for 2021: $31,265.01
Average dividends per month for 2021: $2,605.42

According to StocksCafe, our projected dividends for 2022 will be around SG$3.2k! Deducting our estimated monthly interest of SG$120+, we should have around SG$3k per month of passive income.

StashAway

KPO

CZM

Capital: $25,222.39

Current: $‭‭‭‭27,126.11

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: $29,430.00
Current: $35,725.48

I decided to invest my CPF OA a few months back 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 or 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$186,623.00
Current: SG$‭‭‭1,078,702.58

If you prefer a pie chart. 

Crypto - FTX

I am holding some RUNE on FTX. Initially wanted to try out providing liquidity on Thorchain because of the unique ILP (Impermanent Loss Protection) but got lazy to deep dive further because the set-up was troublesome (new wallet, upgrade BEP2 RUNE to native RUNE, etc.).

FTX: We will receive 25.00% of your trading fees and you will receive a 5.00% fee discount on all of your trades.

Crypto - CakeDeFi

As mentioned previously, I withdrew majority of the DFI when it was unfreeze and sent it to Kucoin which I sold to purchase KDA and QRDO. It is showing "N.A." in my spreadsheet because I have already withdrew more than my initial capital already. In my opinion, CakeDeFi is still 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. Alternatively, try Terra!

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 - Kucoin

Similar to Kadena (KDA), I bought some QRDO due to Twitter Terra influencers. QRDO is supposedly the new tech/infra that will be onboarding institutional clients to crypto. Both allocations are kept small because of the lack of conviction.

Kucoin - You get stars after you complete certain tasks which can be exchanged for free USDT and random coin. To be honest, it looks complicated. You can check it out here.

Crypto - Celsius Network

I still have a bit of BTC and Celsius token which I accumulated previously while earning high interest using GUSD. No plans on moving them at the moment.

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 DeFi - Harmony ONE & Avalanche

Wonderland (TIME) on Avalanche

Euphoria (WAGMI) on Harmony ONE

I started looking at other alternatives and decided to try out these OHM forked which I blogged about here - DeFi 2.0 - Protocol Owned Liquidity (OlympusDAO, Wonderland and Euphoria) back in November 2021. I average down and bought another US$2k worth of TIME when the price dropped to ~US$4k and have finally accumulated >1 TIME. Not going to allocate more money and will just watch it crash to 0 or huat. lol. Similarly, small allocation due to its risks.

Crypto DeFi - Terra

Astroport launched last month and I decided to lock about US$30k worth of LP for a year to get some astro tokens and to prevent my itchy finger from selling/trading anything. lol. Besides that, I have decided to become more aggressive by borrowing more UST from Anchor (if you compare against last month, our debt have almost doubled), buying LUNA and pledging back as bLUNA.

In my opinion, LUNA can easily go to 3 digits (it already did so maybe a high 3 digits xD) because it is based on the demand for UST which will only increase as time goes by where more projects are being launched (it is happening right now!), UST going cross chains, and getting listed on more exchanges. We have about 6.4k LUNA now with 57% of them staked, 35% in bLUNA used as collateral in Anchor and the remaining in the wallet/exchange.

Regardless, you can refer to our Terra portfolio on Ape Board below for a more detailed breakdown:

Our Terra Address: terra19erxpg9zvsmptqalsmvwrsmuquk55luzynsl7r

I have also created another wallet (non-ledger so we can use it more flexibily) and move some funds into Anchor for CZM's retirement which should give us US$3.3k (SG$4.4k) monthly of passive income. The interest here can be used to offset/pay for most of our daily expenses by using Bidali and Terra Cards to purchase gift cards (with UST) from Grab, Shopee, Amazon, Lazada, Redmart, Dairy Farm, Cold Storage, etc. without the need to off-ramp. We have decided to keep this wallet address private as there's nothing to see/learn except how we are living our semi-retired life.

I guess this is what they meant by making life changing money from crypto. Our passive income is estimated to be around SG$7k conservatively but it is definitely much higher. At the start of 2021, we never thought we could accelerate our FIRE journey by so much. I remember telling CZM that we should be able to FIRE in the next 5 years but all it took was a few months into DeFi (specifically Terra LUNA). I am glad that I finally decided to take the plunge after all these years instead of sitting on the fence (know and read about it but not doing anything about it). Even CZM is a convert now who can transact on the Terra blockchain. lol.

2021 has been a great year for us and hopefully 2022 will be better! 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

- Earning High Interest Using BlockFi and Celsius Network

- Earning High Interest Using BlockFi and Celsius Network Part 2

- Earning High Interest Using BlockFi and Celsius Network Finale

Risky approach but more hassle-free

- CakeDeFi - The Easy Way to DeFi

- CakeDeFi Freezer + Tracking in StocksCafe

- CakeDeFi - New Plan/Strategy

Highest risk and you are on your own

- DeFi apps on Binance Smart Chain (BSC) such as PancakeSwap and PancakeBunny

- DeFIRE with DeFi

- DeFi - Aave, QuickSwap and Adamant on Polygon (Matic Network)

- DeFi - Farming MATIC using Aave + Curve

- DeFi - Risks and Dangers (I Lost 97% Overnight)

- DeFi - Harmony ONE and Fantom

- DeFi - Terra (LUNA) & Anchor Protocol (20% Interest)

- DeFi - Terra Mirror Protocol Delta-Neutral Strategies

- DeFi - Terra Pylon Protocol Lossless Investments

- DeFi 2.0 - Protocol Owned Liquidity (OlympusDAO, Wonderland and Euphoria)

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$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

FTX: We will receive 25.00% of your trading fees and you will receive a 5.00% fee discount on all of your trades.

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 free AAPL share sign-up promotion is back for this month. Do read the T&C here for more information. If you have yet to open an account, you can do so using our referral link :)

Accidentally clicked on the annoying ads? Let me thank you in advance as you are indirectly doing good as we will be Donating 100% Ads Revenue Going Forward!

You might be interested in these blog posts too:
- 2020 Net Worth

- Leverage Performance 2020

- 1% Net Worth to Crypto (I went down the rabbit hole and it is ~50% now. lol)

- 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 Million Achieved!) - $1,030,905

- Portfolio - August 2021 - $1,179,579

- Portfolio - September 2021 - $1,250,214

- Portfolio - October 2021 - $1,452,947

- Portfolio - November 2021 - $1,510,704

- Portfolio - December 2021 - $2,100,909

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.)

Endowus - November 2021

With LUNA price at an all-time high, we have crossed another milestone and have become crypto millionaires which I will be blogging about separately. As the year comes to an end, I am planning to move some funds around again - specifically moving StashAway SRS into Endowus due to the lower fees. Will evaluate further and provide another update if that happens.

Risk Profile
Goal type: General wealth accumulation
Risk tolerance: Maximise returns (loss tolerance -60%)
Monthly investment using SRS: $638

I have modified my monthly investment in order to max out my SRS contribution for the year.

Account Summary

Capital: $28,168.00 (SRS $18,168 and CPF $10,000.00)

Current: $33,351.00 (20.32%)

There are quite a few differences as compared to StashAway. Firstly, all the cash has been invested while StashAway keeps 1% of the portfolio in cash. Secondly, the fees are not deducted on a monthly basis. The Access Fee charged by Endowus will be deducted at the end of each quarter as stated in their FAQ.

As of 26 December 2021, the portfolio value is $34,303.20. The return shown in percentage is just a simple return (P&L divided by capital) including the $10k investment from CPF OA.

It will be clearer/more accurate if we look at the respective portfolio.

I blogged about using Fund Smart to invest my CPF here. On a side note, Endowus is performing much better as compared with StashAway given that both portfolios had the same capital/deposit and started around the same time (StashAway had a few months of headstart).

Asset Allocation

This shows that the number of shares for each fund that I owned:

CPF

- LionGlobal Infinity US 500 Stock Index Fund (4,017.6700)

SRS
- Dimensional Global Core Equity Fund (260.2480)
- LionGlobal Infinity US 500 Stock Index Fund (2,934.5900)
- Dimensional Emerging Markets Large Cap Core Equity Fund (118.1370)
- Dimensional Pacific Basin Small Companies Fund (108.4140)

Transactions

That's all! Overall, I think the statement is pretty straightforward and easy to read. On a side note, StocksCafe does not have the ability to track funds, hence unable to do any form of comparison/benchmark.

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! 

On a side note, Futu's moomoo app sign-up promotion is slightly different every month (AAPL shares, cash coupon, etc. Do read the T&C here for more information). If you have yet to open an account, you can do so using our referral link :)

You might be interested in the previous monthly update too:

- Endowus CPF/SRS Review

- Endowus - December 2020 - $12,466.20

- Endowus - January 2021 - $13,080.35

- Endowus - February 2021 - $13,549.30

- Endowus - March 2021 - $15,484.29

- Endowus - April 2021 - $16,570.37

- Endowus - May 2021 - $17,325.44

- Endowus - June 2021 - $28,840.67

- Endowus - July 2021 - $30,013.78

- Endowus - August 2021 - $31,198.92 

- Endowus - September 2021 - $30,827.27

- Endowus - October 2021 - $32,854.68

- Endowus - November 2021 - $33,351.00

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.)

Portfolio - November 2021

Baby Ong will be 1 year old very soon! Somehow it suddenly felt like time flies and she's growing up very fast. I still remember vividly how CZM and I felt that time was moving so slowly about 11 months back and wondering when will she (just a newborn) grow up. 

Nowadays, some of her actions are just so sweet which makes all the hard work worthwhile e.g. giving CZM a good morning kiss or being selective on who to carry her (she prefers me over everyone else including CZM). Last but not least, she can finally call me "Papa". Yay!

Anyway, our portfolio reaches another new high! It increased by 3.98% to $1,510,704 - $6,276.00 of capital injection and $51,480.84 of capital gain. This includes $202,875 of leverage/debt (gearing/debt ~15.51%).

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
- None

BOUGHT

- None

Did not buy stocks or deploy any leverage but bought more LUNA... I am guessing our crypto portfolio will be bigger than our stocks portfolio very soon despite allocating a much smaller capital.

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 November - $1,376

$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 $3,433.59. The breakdown is as follows:

Company                                       PayDate        Shares    Total

Mapletree Commercial Trust               30-Nov-21    22,000    $965.80

Suntec Real Estate Investment Trust    29-Nov-21    26,000    $580.32

DBS Group Holdings Ltd                     26-Nov-21    1,200      $396.00

GuocoLand Ltd                                     25-Nov-21    9,000      $540.00

Ascott Residence Trust                         9-Nov-21      30,913    $168.47

CapitaLand China Trust                        8-Nov-21      29,000    $783.00

Total dividends collected for 2021: $28,237.30
Average dividends per month for 2021: $2,567.02

StashAway

KPO

CZM

Capital: $25,172.39

Current: $‭‭‭‭26,957.22

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: $28,166.00
Current: $33,563.93

I decided to invest my CPF OA a few months back 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 or 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$186,619.00 + US$3,132.08 (leverage) ~ SG$190,902.62
Current: SG$‭‭‭579,553.82 + US$3,132.08 (leverage) ~ SG$583,837.44

If you prefer a pie chart. 

Crypto - FTX

I am holding some RUNE on FTX. Initially wanted to try out providing liquidity on Thorchain because of the unique ILP (Impermanent Loss Protection) but got lazy to deep dive further because the set-up was troublesome (new wallet, upgrade BEP2 RUNE to native RUNE, etc.).

FTX: We will receive 25.00% of your trading fees and you will receive a 5.00% fee discount on all of your trades.

Crypto - CakeDeFi

Sitting on a decent profit with the majority of my DFI in the freezer until Dec. The initial plan was to try this for a year but have decided to move the fund here to Terra/LUNA once the DFI are out of the freezer because I have more faith in that performing well. I have made multiple withdrawals into Kucoin. In my opinion, CakeDeFi is still 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.

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 - Kucoin

Similar to Kadena, I bought some QRDO due to Twitter Terra influencers. QRDO is supposedly the new tech/infra that will be onboarding institutional clients to crypto. Both allocations are kept small because of the lack of conviction.

Kucoin: New referral system is under development! So there is no benefit. lol.

Crypto - Celsius Network

I still have a bit of BTC and Celsius token which I accumulated previously while earning high interest using GUSD. No plans on moving them at the moment.

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 DeFi - Harmony ONE & Avalanche

Wonderland (TIME) on Avalanche

Euphoria (WAGMI) on Harmony ONE

When LUNA was at ATH around US$50+ last month, I started looking at other alternatives and decided to try out these OHM forked which I blogged about here - DeFi 2.0 - Protocol Owned Liquidity (OlympusDAO, Wonderland and Euphoria). Similarly, small allocation due to its risks.

Crypto DeFi - Terra

I blogged about it previously - DeFi - Terra (LUNA & UST) & Anchor Protocol (20% Interest), DeFi - Terra Mirror Protocol Delta-Neutral Strategies and DeFi - Terra Pylon Protocol Lossless Investments. I have moved most of my crypto money into 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 being launched (it is happening right now!), UST going cross chains, and getting listed on more exchanges. We have about 5.6k LUNA now with 65% of them staked, 35% as bLUNA and the remaining in the wallet/exchange. We will become a crypto millionaire once LUNA reaches ~$178 :)

On a side note, Ape Board is not capturing the Psi tokens I got from Pylon Swap which is worth around US$15k. The actual total portfolio in Terra is ~US$404k.

Regardless, you can refer to our Terra portfolio on Ape Board below for a more detailed breakdown:

Our Terra Address: terra19erxpg9zvsmptqalsmvwrsmuquk55luzynsl7r

Some of you might see/observe the Crypto "Business" disappearing in the breakdown. This business started a few months back and I blogged about it here. Long story short, we had a breakthrough last month where we had decent profits and the best part is everything has been fully automated. My 2 friends are like god-like teammates (神一般的队友) and did everything I never thought was possible (I am the 猪一样的队友). lol. Given the decent profits last month, we have decided to go "private" and stop sharing about this. Anyway, in all my 8 years of investing, I got to say this is my best investment despite taking just a smaller % of the profits and considering our initial capital was just US$3k (US$1k each). Not sure how long we can sustain this kind of profit but we do foresee more competition in the future and it is all about making hay while the sun shines. 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

- Earning High Interest Using BlockFi and Celsius Network

- Earning High Interest Using BlockFi and Celsius Network Part 2

- Earning High Interest Using BlockFi and Celsius Network Finale

Risky approach but more hassle-free

- CakeDeFi - The Easy Way to DeFi

- CakeDeFi Freezer + Tracking in StocksCafe

- CakeDeFi - New Plan/Strategy

Highest risk and you are on your own

- DeFi apps on Binance Smart Chain (BSC) such as PancakeSwap and PancakeBunny

- DeFIRE with DeFi

- DeFi - Aave, QuickSwap and Adamant on Polygon (Matic Network)

- DeFi - Farming MATIC using Aave + Curve

- DeFi - Risks and Dangers (I Lost 97% Overnight)

- DeFi - Harmony ONE and Fantom

- DeFi - Terra (LUNA) & Anchor Protocol (20% Interest)

- DeFi - Terra Mirror Protocol Delta-Neutral Strategies

- DeFi - Terra Pylon Protocol Lossless Investments

- DeFi 2.0 - Protocol Owned Liquidity (OlympusDAO, Wonderland and Euphoria)

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$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

FTX: We will receive 25.00% of your trading fees and you will receive a 5.00% fee discount on all of your trades.

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 slightly different for this month (from SGD 200 stock cash bundle to iPhone and AAPL shares. Do read the T&C here for more information). If you have yet to open an account, you can do so using our referral link :)

You might be interested in these blog posts too:
- 2020 Net Worth

- Leverage Performance 2020

- 1% Net Worth to Crypto (I went down the rabbit hole and it is ~20% now. lol)

- 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 Million Achieved!) - $1,030,905

- Portfolio - August 2021 - $1,179,579

- Portfolio - September 2021 - $1,250,214

- Portfolio - October 2021 - $1,452,947

- Portfolio - November 2021 - $1,510,704

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.)