Every month I like to update my progress on various investments I have in place along with how my personal and business goals are coming along.
It’s been a bit of a crazy month due to the concerning spread of the Coronavirus virus from Wuhan in China. The virus has now been declared a global health emergency by the WHO.
That have been a few cases in Malaysia and so there has been some real concern about the spread locally, especially as its a popular travel destination and place for residency.
Let’s hope the spread is contained, anyone with the virus recovers and that a vaccine is developed soon!
So, let’s first see the effect of Coronavirus on my investments in January 2020.
Investment Portfolio Update
Markets are really spooked with the growing concern over the Coronavirus virus. This has affected equity prices and in turn Gold and Cryptocurrencies, with the later going up and equities dropping.
This downswing and upswing has had the net impact of well not really altering much overall.
With the shares I have purchased doing well and recent upswing in cryptocurrency prices, I saw that my net worth is the same as last month.
I am still not 100% satisfied with my investing plan and still have a reasonable cash position. Whilst this is not a bad thing, if there is an impending market crash then can utilise the cash to scoop up some cheaper asset prices. But in the mean time I am getting no return for this and haven’t been for sometime, which means I am losing out against inflation.
I will be looking at safe options for the cash so that at least I can match inflation, if not beat it.
SaxoSelect Go Trading Account
As already mentioned above, equities have seen a significant drop in the last two weeks. This has affected my shares, not all of them, I can see that the Singapore based shares I hold less so.
I am seeing an overall drop of 2% in my share price. This will unlikely affect short-term dividend payments that are due in February, which is good.
Yes to the moon! Well not exactly but it’s been a good month for Cryptocurrencies.
With prices hovering around $7k at the start of 2020 we are now seeing $9,500 for Bitcoin – a 27% increase in one month. Very happy with this as the increase in Bitcoin is offsetting the drop in equities (see above).
I am in Crypto profit – well only if I sell now.
As all my previous monthly reports, I am keeping hold of all my Cryptocurrency.
Art of FX – Steady Growth
I have a FX investment with Art of FX that has seen monthly gains in performance pretty much from day one. The fund is locked up for 3 years since inception, which is the only downside, but I am now 20 months into the investment. Keen to see how this does this year.
Since starting my account with Art of FX I have seen 27% gain in 20 months.
Gold – On the up
Gold is following last months trend of going up and up. I am actually excited about where Gold could end up.
Are we going to see $2,000 per ounce soon?
I hold physical gold that I store at BullionStore in Singapore, they have an awesome retail store too where you can check out the stock they have to offer.
Goal Progress for January 2020
At the beginning of 2020 I resisted the urge to create a list of New Year’s resolutions.
Let’s be honest, who actually keeps these?
Does this mean I won’t bother, well not really. Instead I am looking at changing my habits.
As James Clear highlights in his amazing book, Atomic Habits, you fall back to your systems and so having a system in place is way more successful than just saying “hey I want to lose 5kg!”.
To do this practically means you need to implement small changes, easy to follow changes that cause little to no friction in your daily life. Then once these become everyday habits you get the compound effect of these over days, months and even years.
Habits that I need to instil in my daily life:
- Learning Mandarin – A few minutes per day of speaking/learning mandarin
- More active – I simply need to move more during the day
- Better emotional control – through meditation and being mindful
January 2020 Summary
It’s been a good start to the year. I am feeling very bullish for 2020.
After coming back from Bangkok to see Armin Van Buuren at the Neon Countdown event, I am super excited to get back into making dance music again. I have started learning the software that I purchased over 12 months now, so expect some blog posts and hopefully music to be appearing on here in the near future.
My Green Tonik is going from strength to strength and we had our best month yet. I wasn’t expected such a stella month but I should have considering most of us go on a health craze.
I have some exciting developments planned for the next 3-4 months with the release of travel sachets to help customers take my supplement whilst on the move.
So, watch this space!
I am reading some great books and was thinking of the best way to remember the information that I get from these. So, I thought one option is to do a mini book review when I have finished them and to create a post for these – good idea?
That’s it, have hope you had an amazing New Year celebration and here is to 2020.