Time to take profits or just ride the wave?

On my previous post, I mentioned about my investment portfolio reaching ATHs. When things get a little too high, I do always wonder if I should be taking profit but at the same time thinking what if I took profit and it continues going up? Or if I took profit, where should I invest it into, ETFs?

It is a dilemma and something that I struggle with in a bull market. In a bear market, you can go ahead and buy as long as you still have income as you know the recovery will come but in a bull market, do you continue to add or sell some to secure some profits?

Crypto has really grown in the past few weeks and it now takes up about 30% of my total investment portfolio. That is pretty large for me, I wasn’t expecting 30% until I calculated it today. My Bitcoin holdings used to be half of my Ethereum holdings but it has grown to being larger than it slightly, there are a lot of Ethereum memes and jokes on X and I have to say that I relate to them in terms of missing out on gains compared to Bitcoin and Solana which have both hit new ATHs this cycle.

I still feel that Bitcoin can go higher especially since we heard of Microsoft thinking of adding Bitcoin to their assets although the board is opposing it, the major shareholders of Microsoft are Vanguard and Blackrock where we do see that may go through but we do not know exactly. So on December 10, 2024, we shall see and if it goes through, Bitcoin does seems to be an asset that public listed companies might want to add onto their balance sheet. Microsoft did say if approved, they will add but definitely not much but just about 1% and if every other company did that, it would add up. We do also look forward to when Trump assumes office and announces the Bitcoin as part of the strategic reserves for USA, together with more pro-crypto team.

'Be Fearful When Others Are Greedy And Greedy When Others Are Fearful' - Warren Buffett

This rings in my head every time we hit an all time high and we know that Bitcoin works in cycles. So retracement happens and crypto winter does occur, I do have a plan to take profits but still thinking about the eventual plan and how much do I exactly want to hold onto. Just yesterday, 25 November 2024, there was a pullback in crypotocurrency and for Tesla as **Tesla is Excluded From EV Buyer Credits in California Proposal.** This is how volatile the holdings that I have. In the meantime now, I will be holding on, riding on and following my plan once the prices are touched. Good luck to all!

Affiliate links/Codes:

► Where I store my Cryptocurrencies:
► Ledger: https://shop.ledger.com/?referral_code=980EF358BYAQM (Earn $10 in BTC)
► Where I buy my stocks:
FSMone Referral: P0364886
Tiger Brokers
Interactive Brokers (Open an account today and start earning up to $1000 of IBKR Stock for free!*Terms and Conditions apply)
►Syfe Trade Referral Code: SRPSL8MGX
►Syfe Wealth Referral Link: SRPSL8MGXE     

Taking a moment to appreciate an all time high in my portfolio | Thoughts on Portfolio going into 2025

My investment portfolio has attained all time highs with it reaching 190,000 SGD at the highest point when both Tesla and Bitcoin were at it’s all time high. Currently, it is about 185,000 SGD after some recline but it is still a high that I didn’t expect before 2024 ends. There might still be volatility approaching the end of 2024/start of 2025 but pretty happy with the portfolio performance.

All time high holdings

A lot of people would think that it’s great seeing all time highs with Tesla and Bitcoin but like what Ron Baron said on CNBC, Tesla is at the same price as it was at 2022. So it’s like we just held on without any profit if you did not add on any shares at it’s low although it seems from these 2 weeks that it has gone up significantly.

Bitcoin on the other hand has form all time highs but I have had to hold through it’s lows in 20,000 together with everyone where everyone was so down about crypto and how long crypto winter would last, it is amazing how sentiments can change just with a few events and the growth has been exponential. I also added some Palantir some time back at about $34 so it has been at an all time high propelling my portfolio value. But Palantir is a really small position compared to Tesla and Bitcoin.

Holdings that was not performing

Of course, not every holdings in my portfolio is performing well, in relative to Bitcoin, Ethereum is not performing amazingly as compared to Solana too. I do hold a substantial amount of Ethereum and it has not performed as great compared to Bitcoin and Solana. But I am still holding on, did convert a small portion of it to Bitcoin when Bitcoin was at 69,000. My crypto portfolio consist of Bitcoin, Ethereum and Solana at the moment.

Another one that is not performing as expected is the REITs holdings. I am currently putting money into Syfe REIT which buys into the top 20 REITs in Singapore. It did experience some gains when interest rate was cut, but has fallen since. I don’t really follow REITs news so I don’t know what cause the drop recently, I am still consistently adding a small amount monthly as it is for the long term meaning 10 to 15 years before I off the reinvesting portion and choose to cash out the dividends as needed.

Not life changing money but it helps

Overall, my gains has not been life changing money where I can throw the letter to my boss but it feels great seeing a significant growth. It also does feel that once the portfolio hits 100,000 the growth is more significant. Of course, my portfolio is super volatile with Tesla and Bitcoin being the majority, I do hold QQQ which is a larger proportion but in terms of holdings for my individual stocks, Tesla is the next biggest after QQQ.

It does feel pretty crazy seeing the growth the past few weeks, I have kinda rewarded myself with some good meals and thinking of spending a little more to enjoy on some experiences recently.

Going forward into 2025

Moving forward, I am still adding CSPX and REITs monthly. I will also add occasional positions mainly to Solana and maybe Bitcoin but just looking at it as a whole, I am accumulating cash as well. Not too sure how the world and markets will be as we end 2024 and enter 2025, bullish at the moment but we do not know how long it will last although many are saying that 2025 will be a bullish year too. How has your portfolio been looking?

Affiliate links/Codes:

► Where I store my Cryptocurrencies:
► Ledger: https://shop.ledger.com/?referral_code=980EF358BYAQM (Earn $10 in BTC)
► Where I buy my stocks:
FSMone Referral: P0364886
Tiger Brokers
Interactive Brokers (Open an account today and start earning up to $1000 of IBKR Stock for free!*Terms and Conditions apply)
►Syfe Trade Referral Code: SRPSL8MGX
►Syfe Wealth Referral Link: SRPSL8MGXE