Amazing end to the quarter as crypto and indexes has gone up significantly. The portfolio has went up and we are seeing more adoption into cryptocurrency as Trump pushes for more crypto bills. I am writing this in Q3 so not exactly accurate. I was pretty busy in Q2 so was not able to capture much of my thoughts on the portfolio.
My portfolio is now well above $200,000 hitting $250,000 and what a difference from the previous quarter. As mentioned previously, I did a short trade on metaplanet and moved the profits into Bitcoin (IBIT), QQQ and CSPX, happy with that move.
Allocating of monthly DCA
As we see stocks and crypto make all time highs, it does make me wonder if I should be stock piling some cash and if the monthly DCA should go on. But I will be saving some cash on hand.
Stocks
Stocks were down end of Q1 namely Tesla as it struggled to gain upward momentum as Elon was not on good terms with Trump and it was even putting Tesla in trouble but writing this in Q3, stocks have gone up pretty much. Most of my holdings are actually in Tesla and QQQ as well as CSPX so it can be volatile. But overall, it has been good for QQQ, not so for Tesla. We can see some roll out of Tesla FSD and it is expanding, we also saw the Tesla diner opening. As for now, I will be holding onto the existing positions and maybe adding occasionally.
Crypto
With Bitcoin heading up, it has been great and Ethereum has also been up on a ride after a long while. Holding onto Ethereum all this time has been tough as everything has been going up while ETH stayed flat for pretty long.
My crypto portfolio has hit all time high and it’s been great. Added some BTC when it experienced a slight dip to 116,000 and 114,000 recently but other than that, nothing.
Portfolio has hit an all time high and I am thinking if I should still be adding or taking some profit but I have been liking to check it and seeing a higher value excites me. Trying not to relate it to my happiness because then a crash would make me upset.
Syfe REITs
REITs have also gathered some momentum as interest rate looks poised to be cut. The portfolio is now in profit in excess of a few hundred, nothing much. There were a few surprises as interest rate was expected to drop or for the Fed to be at least squeeze in a rate cut but so far none has been done.
I have been placing money into this portfolio monthly, about $100-$200 monthly since I started the portfolio in 2022 and it would have performed better if I placed it in QQQ or CSPX but it provides me a dividend of about $50 per month now with a very marginal profit so I enjoy this diversification but have stopped the monthly contributions. I let the dividend be reinvested so that’s all.
Overall
With the portfolio hitting all time highs and interest rates still high, looking ahead for the interest rate cuts and what it will bring. Sentiments are high for September as an interest rate cut is anticipated, we shall see. In the meantime, hoping to see the market go to greater heights.
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