Week 48, Nov 2020 Report Card

Week 48, Nov 2020 Report Card

By mikeyportfolio | Mikey Portfolio | 29 Nov 2020


fc2b2338fbca523d5d835a72daed52006a73a3cbbbfd0fba5461649ebd5430eb.jpegGoal
All the experts said that patience, consistency and time will build wealth. So, I will be on this lengthy journey and hopefully emerged achieving financial independence after a few decades.

 

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Crypto
Currently, I have joined Alpha-Homora liquidity mining part 2B which will end by 15 Dec. Liquidity mining part 2B is using Uniswap trading fees to distribute ALPHA token rewards.

Current Crypto investment strategy is I’m long term bullish on both Bitcoin (BTC) and Ethereum (ETH). So rather than letting both Crypto sitting in my wallet doing nothing, I decided to get even more exposure by borrowing through Makerdao. I had moved my BTC to Ethereum as Wrapped Bitcoin (WBTC) and used it as collateral to borrow about $36k to buy ETH. Now, I got to keep my BTC market exposure and added with my loan ETH for other investments like the one I'm currently in. The risk is doubled and I had to pay yearly interest for Makerdao Loan of $1450.

Equity
In my country, the fees needed to buy stock are very high. I got to pay about 5% just to buy 3 different stocks and I’m not skillful enough to buy the right stocks. So rather than dealing with all those problems, I choose Robo-advisor. The Robo-advisor management fee is slightly more expensive at 6% per annum. It basically just buy some ETFs with good performance history, nothing else. The primary advantage is that the only fee I need to pay is the management fee, and I get exposure to all different equities, bonds and commodities. It has automatic dividend reinvestment plan too.

Current Equity investment strategy is a fortnightly investment of about $1k.

 

Equity vs Crypto Gains
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mikeyportfolio
mikeyportfolio

Weekly Crypto and Equity portfolio tracking


Mikey Portfolio
Mikey Portfolio

Weekly Portfolio Crypto and Equity update. All the experts said that patience, consistency and time will build wealth. So, I will be on this lengthy journey and hopefully emerged achieving financial independence after a few decades.

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