Woah, another ATH hit after the previous quarter, the later half of this year especially after September has proved the power of the Trump Trade. Euphoria has flooded the market and we can see that from Tesla to crypto which I hold in my portfolio.
My portfolio has hit ATHs and went down but it is overall still higher than when the year started, the volatility is still there as we see Bitcoin hit $100,000 for the first time and moving up before going down due FOMC Jerome Powell saying that there will be one less rate cut next year. Although I did not make life-changing money, many others in crypto has made it through memecoins and leveraging, I do feel happy with achieving a $200,000 portfolio faster than I predicted/expected. It is kinda scary too so I might take some profits and move them to index ETFs or REITs, it depends. I have shifted some BTC position to ETH as we anticipate the alt season but ETH has not yet shown much strength, we will observe the bitcoin dominance as we enter 2025. I don’t do memecoins although I know that the gains there are unimaginable but I want to be able to sleep soundly in the night.
Stocks
Tesla and QQQ carried the gains for my stock portfolio. I sold my Palantir position, where my average cost was $34 and sold them for $64. Regretted that as it has since gone up substantially, I sold that and placed it into Bitcoin so it has some profits as well. Not really thinking of rotating back as Palantir is now at about $80. Well, can’t capture all the gains so that’s how I console myself. With that, the overall stock market in terms of index ETF has been great, I hold QQQ, CSPX and Tesla so pretty happy with the performance. Monthly I am just adding CSPX and saving more cash on the side.
Crypto
Crypto has been a whirlwind of emotions, we hit $100,000 twice and beyond but fell back below. Trump has not taken office and we can see the excitement for crypto as some promises were made including having a Bitcoin reserve but we will have to see if they come true. It has dropped a little since reaching it’s all time high but it has increased overall year to date. No adding any positions here right now.
REITs
REITs has been losing out in action compared to my stocks and crypto positions. It has actually decline and the portfolio value is now lower than the total capital that I injected in meaning I am losing money, including my dividends. This is a long term portfolio so I think there is no need to focus on the short term, so still contributing a small amount monthly to this.
Overall
The portfolio increased about 65% from last year’s ending value of $111,232.
There were substantial amount of capital injections but the last few months really accelerated the growth of the portfolio with crypto and Tesla. The FOMC meeting on 18 Dec confirmed one last rate cut of 25 bps for 2024 but in 2025 reduced the 3 rate cuts to 2. Many seem to be really bullish for 2025, from Tom Lee to Bitwise and Cathie Wood but we shall thread slowly and see. No leverage on my portfolio, only spot positions.
My friends have been doing options trading buying calls and puts but I think overall it is tiring and if in my case, I prefer doing cash secured puts means selling a put but it would require capital especially if you do it on stocks that you want to have. So for now, I am not dabbling into options in this volatile situation.
Overall, going into 2025, I am holding more of a wait and see position. Most people have a bullish outlook especially people with cryptocurrencies but no one knows if it will really turn out bullish, so let’s wait and see.
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