Welcome to another monthly update! Each month I update the various investments I hold and any adjustments during the previous month.
I also like to update the progress of any goals and how my online business is doing.
In Malaysia we’re still in lockdown, or Movement Control Order (MCO) as they call it here. We were hopeful that the MCO would have been relaxed on the 28th April but it got extended until the 12th May.
To say we were disappointed is an understatement although the situation for us living in Malaysia with Coronovirus is not that bad, it could be a lot lot worse!
There has been little change in day-to-day life but there are some updates to how my investments have been doing in April 2020. Not all good to be honest. On a positive not though, business is booming!
Investment Portfolio Update
Last month was rather shocking seeing my net worth drop by 10%, this month we have seen improvements in the price of Gold, Bitcoin and some shares. This means even with seeing a lot of red in some assets we’re seeing lovely greens in others.
Overall, I am seeing my net worth is up around 6% from last month. This is mostly thanks to Gold and Bitcoin prices seeing a rally.
SaxoSelect Go Trading Account
I have been experimenting a little in April with buying shares in ProShares UltraPro Short S&P 500 ETF (SPXU). This is an inverse ETF that tracked the S&P500. Basically this inverse ETF will go up when the S&P500 goes down, and vice versa when the S&P500 goes up the SPXU will go down.
The idea was given to me by my friend Tim and over the course of April we bought and sold SPXU a few times.
Now, so far this has gone up and down and not flying up as we originally thought (or hoped). We have however kept our positions to sell when the market dropped again.
Regarding the other shares I own, I sold most of my holding in British American Tobacco, Gravity Co Ltd and PayPal. I made a few dollars profit but nothing to really shout about.
To be honest I am really not sure where the market is going and decided to hedge with the SPXU stock and cash out of those shares I broke even or was in profit with.
We have been seeing nice support for cryptocurrencies in the last 30-days, with Bitcoin rising 35% in April alone.
I recently wrote about what I think about cryptocurrency as an investment, in particular Bitcoin, especially in light of the upcoming halving event in the next 14 days.
If you haven’t heard of the Bitcoin halving it’s what has been the main driver of price rallies in the last few years. Basically, the amount of Bitcoin supply will be halved due to the reward given to miners reducing from 12.5 BTC to 6.25 BTC for solving complex equations for the Bitcoin blockchain.
And so using elementary economics (it has to be for me) then with the same demand but with reduced supply will in turn increase the underlying price. As my article touches on though, this may not happen overnight but could take 6-12 months to occur.
With the crazy market conditions at the moment though, this could well happen sooner. Exciting times ahead for Bitcoin!
In anticipation of the next Bitcoin bull run I purchased some more coins.
I bought this “gold” Bitcoin to play a joke on a friend of mine who has no clue about Bitcoin. I tried to sell it to him 😉
Art of FX – Steady Growth
I have been invested for 2 years with Art of FX and seeing around 15% return per annum, which means doing some simple maths I am up just over 30% so far.
This investment is slow and steady, not much more to say really.
The only real negative thing is the lock-in period of 3 years.
Gold – On the up
I track my gold investment that I store with BullionStar every few days, mostly because its one of the few investments really doing well at the moment.
I am so glad that in hindsight that I choose to invest in physical gold.
At first this seemed like a little bit of fun, buying and holding gold in an underground vault. Very 007. But boy, I am now glad I did.
With the amount of money being printed around the world then I can only really see Gold prices going above $2k per ounce.
Goal Progress for April 2020
This last month I have been focusing on nutrition (check out my results of following OMAD) and trying to a little active to counteract the effects of being condo-bound due to the Malaysian MCO.
I am reading some interesting studies on the affect of gut health and caffeine on Chronic Fatigue. Considering I have been suffering from Chronic Fatigue for over 20 years, I will be delving into this in more detail and most definitely making a post on this soon.
I have been delving into Facebook Advertising in April following a couple of courses. It’s been 5-6 years since I said I wanted to start advertising on Facebook and still only dabbled with it.
Even though organic traffic to my brand is going from strength to strength each month, I want to scale this and so paid advertising is the only way to go.
One trend I have noticed in the last few months is the time I spend watching YouTube.
Whilst some of the YouTube Channels can provide some value, a sizeable amount does not and ultimately are just time fillers.
April 2020 Summary
There’s been some ups and downs this month in terms of my motivation, not so much in terms of the lockdown but in terms of knowing what to do with investments and the next stage of growing my business.
The odd day where I felt unproductive and a little melancholy I have delved into learning about making music. I purchase the “everything bundle” from productionmusiclive.com, so that I can finally learn how to use Ableton.
In the past I really enjoyed making music, it’s been way too long since I said I would get back into this.
Way back in 1996 I played my music at the Student Union at University, it was nerve-racking but also a lot of fun. You can see me in action below, can’t believe how young I look and how big the PC was!
So, over the next few months I hope to be bringing some music to the site.
That about wraps up this months update.
So, I wish everyone all the best in these trying times. Be safe and importantly, don’t get too close to your friends and family!