Monthly Investment P/L: HK$-32,000

Was down -400k at one point, bounced back to flat to end the month.

Gold has held up well, stocks are kind of fine. Added Japanese stocks which performed well this month.

BTC still in the dumpster as usual, just patiently waiting.

Current Portfolio:

HKD/USD cash: 3.92% (3.76%)

US/JP stocks: 47.3% (43.77%)

Bitcoin (USD): 34.63% (37.69%)

Gold (USD): 78.91% (74.2%)

YEN cash: 4.07% (6.45%)

JPY shorts: -68.83% (-65.87%)

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Finally spent up all the yen cash. In fact now there is a ¥1M tax bill coming and I won’t have enough yen to pay it. Probably need to use wise transfer to cover it.

Stocks allocation went up because there is JP stock in the mix now. It can go higher and with mostly uncorrelated JP stocks it should give my portfolio a bit less volatility.

BTC I am slowly adding but also letting the position dwindle to limit the downside risks in case it drops to sub-60k ranges like those bears are talking about.

Adding a bit leverage as well and want to build it up to 80% now. Consulted AI and I think 80-100% is still within “prudent” range as long as I am willing to sell on the way down to de-leverage once it gets too high.

US+JP Equity

JP stocks continued to perform well. Had some realized loss with MUFJ but changed out to Hitachi now and feels good about the change.

US tech stocks continue to stay in the dumpster. Megacaps aren’t doing great.

Small caps are outperforming though and doing well, so not everything is down.

With the Iran war breaking out though, not too much expectation here. Hopefully gold can cover the losses, or maybe the war gets ended soon enough?

Gold

Was hoping a base can form at 4.6-5k level this month, and exceeded expectation.

now the range is kind of around 4.9-5.2k, and with the Iran war that just broke out, probably staying elevated or even break new highs.

Crypto

As mentioned previously I am letting the position slowly dwindle while slowing buying the dip.

I am open to the possibility of a sub-60k (40-50k?) super bear market, but I still continue to believe that it isn’t going to happen.

Anyway continuing the patience game here.

USDJPY

Stabilized around the 155 level and not much happening here.