July 2021 Portfolio Update: Bad Vibes

A quarter is a pretty long time. Sentiments and vibes have deteriorated badly,  especially with the Delta variant wrecking havoc. Worse, there is another Circuit Breaker in place for the next month. I guess we might only be out of the woods with full vaccination AND herd immunity.

The portfolio is also experiencing a dip, exacerbating matters.

Here’s the 15HWW Investment Portfolio:

Annualised Return: 9.3% p.a. (Nov 2010 to Jul 2021)

The US market did pretty well again this quarter, hitting another all-time high recently. But it was not enough to offset the lethargy in the SG and HK markets, leading to an overall drop in the portfolio. The annualised return has also dropped to 9.3%.

Lots of fear, uncertainty and doubt especially for my HK stocks. I have kept all my positions, but do not feel compelled to add. The share prices of Alibaba, Tencent and Ping An had declined 10% in the previous quarter and sadly, declined even more this quarter. The geopolitical thesis that I largely subscribe to has been playing out.

Here’s the 15HWW Permanent Portfolio:

Annualised Return: 5.5% p.a. (Jan 2017 to Jul 2021)

Huge changes this quarter.

This sub-portfolio has existed for 4.5 years and I am slowly viewing it as some form of default emergency fund. After all, most of the instruments are fairly liquid and the overall volatility has been low.

It’s also generating decent returns (5.5% per annum so far), definitely higher than CPF rates.

So you must be wondering, if it’s not broken, why bother fixing it?

It turns out that I have been seriously red-pilled by crypto in the past 6 months. So much so that I believe allocating 5% of the portfolio to Bitcoin and another 5% to USDC offers great upside in terms of risk/reward.

If both goes to zero, feel free to snigger at me but the damage would be limited. It’s probably just forgoing 2 years of returns. However, if the thesis plays out for both, they should offer great boosts to the long-term returns of the 15HWW Permanent Portfolio.

Only time will tell.


Till the next update. Thanks for reading!

Related Articles:

Investment Portfolio Update: April 2021

Investment Portfolio Update: January 2021

4 Replies to “July 2021 Portfolio Update: Bad Vibes”

  1. I’ve been reading your blog for years. So glad you are back! Just checking if you have a scheduled withdrawal of gains? Do you let it sit for 5-10 years?

    1. Hi JAC,

      Thanks for your kind words!

      I actually do not have a scheduled withdrawal of gains since I am still in the accumulation phase. That said, I do sell some stocks periodically to take some profits and buy some stuff. =p

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