Every month I like to review the previous months performance both in terms of my lifestyle, business goals and review the various investments I have.
This last week has been a tough one in terms of investments due to the wide spread risk of the Coronavirus being on the verge of being labelled a pandemic. Even with the few investment hedges I have in place I am seeing an inevitable drop in net worth.
Thankfully the rough ride of the stock market hasn’t overshadowed my personal and business performances though, and I am keen to get into these more.
So, let’s kick off with how my investments have been doing in February 2020.
Investment Portfolio Update
The global spread of the Coronavirus has led to a stock market sell-off and as a consequence seen stock prices tumble. With no signs of the virus letting up globally we can expect at the very least uncertainty and most likely further decreases in stock prices.
This is of course an opportunity and I have been tempted to purchase more stocks at a 5-10% “discount” but I am concerned that prices will continue a downward spiral.
So, I have decided to wait and as most of my stocks have been purchased for the dividends I don’t need to panic.
What I will certainly NOT be doing is selling my shares.
The recent 2-weeks though has seen my net worth dropping by 2.5% even with the upswing in gold prices.
SaxoSelect Go Trading Account
As I have highlighted above seeing a hella lot of red for the shares I purchased in my Saxoselect trading account.
In fact, only two stocks are in the green; Parkway life REIT and PayPal.
Who would have thought that PayPal would still be in the green for me!
I am not panic selling (or panic buying) at the moment although I am keen to buy I will wait to see how next week goes. I am notoriously bad at timing buying and selling stocks though, so I may just load up on some good dividend stocks in 1-2 weeks time.
I have been checking out Royal Dutch Shell though as the dividend is super high, especially with the recent fall in the stock price.
Royal Dutch Shell is near to its 10-year low and looks to have good dividend cover (twice) so could be a good one to buy for the dividend income.
Talking of dividends, I am having an issue with SaxoSelect at the moment with regards to with holding tax on some of my Singaporean held stocks.
I have two dividend payments with tax with-held.
I bought this up with SaxoSelect and despite first telling me they were right and should be with-holding tax, I followed up saying nope not the case. Since then they have agreed with me.
I am awaiting the tax back and not received this yet after 2-months.
This is disappointing as I have had nothing but good things to say about SaxoSelect. Hopefully once this is sorted (even though it shouldn’t of happened in the first place) we’re back to business as ususal!
The middle of February saw Bitcoin hitting $10,500 the highest since June 2019 when prices hit over $13k. It was relatively short-lived though as prices dropped to under $9k, which is what we’re seeing now.
Although I would be in profit for Bitcoin if I sold now, I wouldn’t be for Ethereum if I sold today.
Again, as I say in every monthly investment update, I am holding Cryptocurrencies for the medium to long-term and so won’t selling anytime soon.
Art of FX – Steady Growth
Slow and steady this investment with February showing a nice 1% increase in my holding. Over the 22 months I have had this investment I am now seeing just over a 28% total gain.
Can’t complain at this.
The investment is locked in for 3 years and so I am nearly two thirds of the way through.
Gold – up, up and away!
At the time of writing this monthly update Gold is around $1,600 per ounce, which means I am up around 30% from when started purchasing gold coins a few years ago.
I like to hold physical coins that I store in Singapore in the a vault with the guys at Bullion Star.
By complete accident I visited the retail store last year. I was walking to meet up with friends and found myself outside the shop and popped in. If you’re in Singapore I recommend checking them out.
The service is really good and never had any issues with buying Gold online and storing in their vault.
Goal Progress for February 2020
I have lost some of my mojo since having the break during Chinese New Year.
I put on 2 kilograms and have struggled to get these off, even though I have still being following an intermittent fasting meal plan, mostly.
This has been the issue “mostly”. I have also introduced some poor habits of drinking more Coke Cola, even though mostly the coke light or coke zero ones. Cake has been getting onto my plate more often too!
I need to get back on track as my belly is definitely getting bigger.
My supplement is going from strength to strength and more customers are returning to purchase more. This is great and am really excited to see where I can go with this in 2020 and beyond.
I have some ideas for additional products this year including soon a travel sachet version of my SuperGreen TONIK.
This month I will be split-testing another home page and setting up a new email campaign with the help of some guys I am getting onboard to help me on this.
February 2020 Summary
I sat and took a few minutes to reflect on my life this week and I have to say, I am really content.
Going to my co-working office 4 days a week is great, a real nice bunch of people work there and enjoy meeting up for coffee and lunches.
The picture above is us going for a local Indonesian restaurant to grab our $2 lunch and coffee meal. Super tasty and super cheap!
This centre is dedicated to the care and rehabilitation of Orangutans and where possible release them back to the wild providing they can take care of themselves.
It was fun day out.
I am always blown away at the number of great resorts in Malaysia that just have no-one visiting them.
Back in the UK you would be queuing for ages to get in to this places and it would cost a fortune with your family to enjoy a day out.
We got to see Orangutans in the peaceful island environment and had lunch for the low price of $50 for the day!
So, that’s all for the update for February 2020 and see you next month for the next one.