Portfolio Update: April 2022

It’s been some time since my last blog post but well, these updates do ensure that I write an article every quarter, at the very least.

Volatility has been increasing across almost all asset classes. Stocks, bonds, commodities and of course, crypto. Chinese blue chips/tech stocks suffered a bloodbath just a few weeks ago and the bounce up was almost just as epic. Honestly, I did not expect Alibaba to experience a ~70% drawdown and then bounce up 20% within a day. That is “shitcoin” price action.

Sadly, I do know of many who were shaken out of China stocks at the worst possible moment and and sold at the pico bottom. I guess such moments is when people truly find out about  their risk tolerance.

My investment portfolios are doing ok since the laggards (boring and simple stuff like Berk B and STI ETF have outperformed recently) and overall, I probably just about match the benchmark 20% inflation rate.

Here’s the 15HWW Investment Portfolio:

Annualised Return: 8.2% p.a. (Nov 2010 to Apr 2022)

Still some way from the 10% target, with China/Hong Kong being a drag.

I am not that bullish on China since about 8 years ago (check out this article) but I do have a 10-20% hedge in case I am wrong. This is just the way I work. Like most people, I have to always temper my FOMO and euphoria/despair.

Not averaging down too heavily on Baba has probably saved my ass. I am down huge (50%) in percentage terms (pretty unbelievable since it was based on two separate entries) but the absolute amount is pretty negligible in the grand scheme.

The SG portfolio did decently well since it seems that the country is finally getting out of the Covid-19 woods. REITs and banks have done well especially relative to their risk profiles.

Not actively managing this portfolio these days. If there are any adjustments, it is with the intention of making it even more passive going forward.

Here’s the 15HWW Permanent Portfolio:

Annualised Return: 7.1% p.a. (Jan 2017 to Apr 2022)

Gold is the only weak performer here and does appear to be dying/losing its use case. Even with a major conflict going on, it struggles to pump.

The other assets (especially Berk B and BTC) did really well in the past quarter to offset the gold performance as the 15HWW Permanent Portfolio reaches a new ATH. I know inflation is high but 7.1% annualised returns for such a defensive portfolio is pretty insane.

If we compare to CPF SA returns, it’s way ahead by 3.1% and is literally thrashing this  benchmark. Nothing much to complain about for what is literally my portfolio of emergency funds.

New asset under management

Baby M is about two weeks old!

If you have read till this far, congrats since you have reached the highlight of this post!

Baby M is the latest and most important addition to the 15HWW portfolio. We will break all investment rules for him.

• We have fallen in love with him.
• Our investment horizon is our lives.
• Continual re-investment into him regardless of yield/return.
• Diamond hands, hodl forever regardless of price, will never redeem this perp.
• Will overpower all items above and eventually take over and steer this portfolio.

I am pretty contradicted these days. On one hand, I would want to expedite a 15HWW so that I can spend more time with him. However, I also want to set a good example/role model and  provide him with a *better* standard of living.

After some short-term adjustments, I am confident I would hit the sweet spot in due time.

Till the next quarterly update. Thanks for reading!