It’s that time of the month where I reflect on how last month went regarding investments, business, and personal goals.
Like many countries around the world, Malaysia is starting to open up and we have been following a Controlled Movement Control Order (CMCO) for the last 3 weeks. We find out this week if this ends on the 9th of June or if there will be an extension.
In terms of investments, I have to confess I am confused about what’s happening in the market, which has caused me to make some smart decisions and others less so. Then again this is partly because of hindsight as if some of these moves had panned out then I would have been a genius 😉
So, let’s kick off with how my investments have been doing in May 2020.
Investment Portfolio Update
I have been completely dumbfounded as to why the stock market has been rising since the crash in March. We’re literally 10% away from reaching the all-time highs!
With all the negative news of unemployment, businesses of long-standing going into administration, and the grim outlook for the next few years, it really shows the disconnect between the market and what’s happening on the ground.
Because of the uncertainty with shares I have sold some of my holdings, the ones that were in profit or at the price I bought them at. This has freed up some cash that I am keeping on the sidelines until we know more certain whats going on.
Overall, I am seeing my net worth was up around 6% from last month, partly because some stocks re-bounding but mostly due to cryptocurrency rising.
SaxoSelect Go Trading Account
Still down around 20% on average across the shares purchased.
The inverse ETF (SBXU) that goes down 3% for every 1% the S&P500 goes up, clearly is going terribly with the bull-run experienced by the S&P at the moment.
So, I am in a real quandary. Do I sell these at a 25% loss or keep holding waiting for the market to correct and represent what’s really happening on the ground?
In all honestly, no idea at the moment. I will see what happens this week as the situation in the USA is not getting better, in fact, it’s going from worse to terrible.
Since the Bitcoin halving last month the price has since ups and downs between $8,500 and $9,500. I have been fine with this and in fact, if there is a drop off I will certainly buy more Bitcoin.
With the way the stock market is going, I am much more bullish on Bitcoin and Gold.
I have seen the value of my holding of cryptocurrency increase by 40% since last month. This is a very volatile asset though and so could see the same downward trend this month.
Art of FX – Steady Growth
The May return was 1.18% and so I am at 5.77% for the year so far. Overall my account is up 32% since I started investing with the Art of FX guys back in May 2018.
Here is the progress of my investment each month since I opened the account.
The returns are a little lower so far, hopefully, they pick up for this year.
Gold – On the up
Gold is seeing more side to side movement in the last few months. I am confident that Gold will see a steady increase over the next months/years will the amount of money printing.
Very happy to have bought and held gold from a few years ago.
I choose to use BullionStar a bullion vault storage company based in Singapore. You can even visit your bullion if you so wish!
Goal Progress for May 2020
In part, because of the lockdown in Malaysia, I started to put on a little weight so I have played with doing longer fasting period. Last week I did my longest fast of 54 hours.
I am planning to do a 7-day fast next week and will be writing a post of my experience of this.
One thing I certainly need to do is to improve my writing. There are some hacks that can be used for this, one that I discovered literally when writing this post is using Grammarly.
Installing the Grammarly Chrome Extension means you can check how good your grammar really is (or now in my case) when writing your posts in WordPress.
There are free and paid versions of Grammarly too that can be used with Microsoft Word too. I thoroughly recommend checking this out on their website here.
May 2020 Summary
With restrictions still in place and looking to be the new norm then I have needed to adjust my weekly work schedule.
As the kids are still at home, my wife and I will be dividing the week to allow both of us to work whilst the kids are supervised with online learning.
This means more time at home for me with the kids, which will be interesting as I will need to get more involved. On the flip side though, this is good for me and the kids to spend more time in the week and for me to be more involved with their education.
Good but certainly not easy for me.
Other things that have been occupying my time is music. I am soon to start producing my own music as I have the equipment now set-up and even have had the inspiration for a couple of tunes.
I still remember seeing my favourite DJ Armin van Buuren in Bangkok last year. I am aiming to get 2-3 dance tunes completed over the next few months.
Could the old Collusion band be reforming? Well sort of, watch this space.
So, I wish everyone all the best in these trying times. Be safe and importantly, stay inside!