Monthly Investment P/L: +HK$181,000
Yet ANOTHER great month – same story … stocks continue their V-shaped recovery to ATHs, and bitcoin is at ATH after some consolidation.
Again same thing with gold … hasn’t really moved much but it isn’t moving down either.
The final day of the month marked some correction and I am -$80k on Aug2 morning as I’m writing this, but it’s a healthy correction I think.
Current Portfolio:
HKD/USD cash: 4.59% (2.37%)
HKD shorts: -3.91% (-2.87%)
USD stocks: 33.18% (34.39%)
Bitcoin (USD): 39.95% (37.37%)
Gold (USD): 60.04% (57.44%)
YEN cash: 3.96% (4.83%)
JPY shorts: -37.82% (-33.53%)
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Exact same as in the last 2 months – continuing with the increased leverage, but slowing down now and also just buying a little gold to hedge the recent stock and btc run ups.
Actually sold some US stocks too since it has run up the most.
HKD margin rates has creeped up to 3.1% but it’s only a balance of the cash I have so I think I’ll just keep that around to reduce a tiny bit of JPY short exposure.
US Equity
Unloaded some more as it keeps hitting the ATHs.
Although it hasn’t been kind of the “everything up” market. Apple, Google, and Tesla all not doing great. Amazon okay but not as great as some of the others.
Meta is great but that’s the only one great performer out of my biggest positions.
Some smaller positions like VST and CEG are doing well too.
The basket like QQQ and GRNY is outperforming many of my biggest positions, which is leading me to think, maybe I should allocate more into the big basket.
I will write another post regarding this thought and take some action this month probably.
Gold
Another super flat month for gold.
Although in the sell off Jul31/Aug1 gold has jumped up quite a bit.
I think it has the potential to start moving a leg higher soon though … especially if stocks start getting under pressure which is happening these couple days.
In that case I’ll be rotating the gold to risk assets, which is what brought a lot of profit from the Feb-Aug sell off.
Crypto
Broken out to 120k+ this month.
Now consolidating around the 115-120k range.
There was a big sell off by a whale but the price didn’t really budge too much, which I think is a bullish sign.
Sold off a bit more today on Aug2 as I am writing, down to 113k now. I will be buying as it goes down for sure.
USDJPY
Moved up quite a bit this month, started at around 143, consolidated around 146-148 mid month, and went all the way up to 150 until coming back down yesterday to 147 now.
Anyway seems like 145-150 is the new normal and feels like clearly broken out of the 142-145 range in the last few months.
I think the trend should be higher USDJPY in the coming months but let’s see how that goes.