In the last few days, the crypto prices have been falling and the drop is rather significant. I have been buying into the dips to build up our crypto positions but also giving it time to see whether the prices will continue to drop. I have to say, the volatility in our crypto positions is still something I’m getting used to. The swings between gains and losses can be fast and furious even on a daily basis. I don’t think you see such large percentage movements in prices elsewhere except for the small-cap technology stocks.
At this time, the value of our crypto positions is about S$25,000 and this is roughly 3% of our investment portfolio value. I’m trying to increase it to at least 5% through buying into the dips. This would mean investing another S$15,000 into cryptos if the prices continue to fall. While I’m starting to appreciate the value of adding cryptos into our investment portfolio, I’m not keen to build up the positions too quickly. As the crypto markets mature, there should be more opportunities to add to our positions.
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Anyway, the completion of sale of our 2 bedroom apartment is mid next month and I’m looking forward to the cash and CPF-OA injections from the sale proceeds. More importantly, I will no longer have a mortgage hanging over my head and I’m sure it will be a nice feeling not to have housing debt or housing loan monthly instalment payments. It probably won’t last as we are looking to buy a bigger property and will have an even larger mortgage the next time. I’m not keen to chase the property market but the ever rising property prices is a cause for concern that we may be left behind if we take too long to make a move.
For now, I still have to deal with monthly rent payments but it’s like a pay as you go living arrangement. I’m leasing a 3 bedroom apartment in an area that works for us now. It’s close enough to my parents-in-law for caregiving support to our boy and the pre-school he will be attending from next month. It’s closer to the city so it takes about 15 mins or less to drive or take a Grab/taxi to our offices in the city. If we still like living in this area after the end of our lease agreement, we can buy that bigger property around here after that. Just to make sure that we are putting down a large sum of money for a place that we will enjoy living in and can see ourselves staying in for a long time.