Saturday, November 4, 2017

2017 Portfolio Update (Nov) and Cryptocurrency

  • Note: P/L computation only takes into account the current holdings in the portfolio, and excludes capital gains/losses and dividends from divested shares, and commission charges/fee

As of date of this posting (4 Nov), there is no changes done to my portfolio since my last update. Probably I have not found any good candidate counters to add, and just waiting to collect dividend income, Total portfolio gain was up about 17% since my last update. This was contributed largely from bonus shares received from UMS, and my average entry price is adjusted accordingly. This has become my 2-bagger, considering all the past dividends received.

On a side note, I have recently read quite a bit about cryptocurrencies, and am trying out trading BTC and ETH on the Gemini platform. The rise of the digital currencies have been phenomenal. Info about the cryptocurrencies are easily found online. You can read about how it works and technical terminologies such as Block Chain, Ledger, Decentralization, Satoshi Nakamoto, etc, etc, if you have not already heard and interested.

1 BTC is currently reaching the S$10K mark. Yes, I know that the digital currencies are not backed by anything, and its value is determined purely by supply and demand (AKA speculation).

So why am I trading cryptos instead of doing my usual income-invesing? Well, to put it in simple terms, the cryptocurrencies have caught my attention and brought out my curiosity and the trader in me before I started my income-investing journey (hence the name "AlcusTrader"). Hehe... You may think it as gambling, but I like to think of it as "hedging the crytocurrencies".

And how much am I risking? About 0.25%, in terms of my AlcusTrader portfolio cost. As of now, I do not foresee I will be further increasing my exposure, and have "written off" the capital for this at the minute it was transferred out. In other words, I'm fully prepared to lose all of it.

How is the trade going so far, based on the current price, I'm in profit of around 17%.. Basically, I'm just trading the BTC/ETH pair to increase the amount holding. I will still continue to build up my AlcusTrader income portfolio, but will exclude the cryptocurrencies in the summary as I do not think it as investing. I may do update on my crypto trading as and when there is new interesting updates.


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