It has been a busy 2 weeks as I juggle working from home with my wife working in the office. Initially, I was pleased that my boy was able to attend school this week without falling sick. He had been sick 1 week after every 2 weeks in school for the past 2 months so this was the first time he went in for 3 weeks in a row. He still has a cough that is difficult to shake but we went to the paediatrician to get medicine for it early in the week. It was towards the end of the week that things went south.
I made a bad call with stale infant milk formula that resulted in my son having tummy issues and diarrhoea. We ended up going back to the paediatrician again to get medicine for it as well. The resulting diaper rash caused quite a bit of discomfort for him, which made the necessary multiple diaper changes and application of cream a challenge to handle. I feel bad for making such a big mistake causing my wife and helper to have to step in to clean up the mess. I’m hoping we get to rest up more on Sun as the situation improves before the work week starts again.
I did manage to find some time to work on my cryptos portfolio. Previously, I had set up my automated investments into standalone robo-advisors (StashAway and Endowus), bank robo-advisor (OCBC RoboInvest) and bank monthly investment plans (POSB Invest-Saver, OCBC Blue Chip Investment Plan and UOB SimpleInvest). It took some time after having to set aside a large sum of cash and CPF-OA for the downpayment of my private property purchase. But I was finally able to restart my regular investing strategy every month.
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Consistent investing into ETFs and funds are a critical element of my investment portfolio. The bigger this component gets, the more risk I can take on with individual stocks and cryptos to increase my returns. If I don’t manage the risk-return ratio well, the investment portfolio ends up being too conservative or too aggressive. Cryptos remains my riskiest position, hence the liquid asset allocation of 10% to it. I had already increased it from 5% previously after realising I didn’t have to sell much of my ETF holdings to buy the private property.
Originally, I had put all of my cryptos into Hodlnaut to earn interest. The returns were good but I started exploring ways to increase it further and I decided to give Cake Defi a try. I converted my DAI holdings on Hodlnaut to USDC and transferred it to Cake Defi after setting up an account there. I swapped half of my USDC holdings on Cake Defi to DFI to be staked and the other half was put into a liquidity mining pool. This means that about 20% of my crypto holdings is now on Cake Defi and the other 80% remains on Hodlnaut.
I have incurred quite a bit of transfer and transaction fees moving my crypto holdings around the various platforms – Coinhako, Hodlnaut and Cake Defi. But I view it as a necessary cost to understanding more about cryptos. Eventually, I will have to scale up my crypto activities even more to generate higher returns. But only after my investment portfolio grows big enough to either allow for more funds to be diverted to cryptos at a liquid asset allocation of 10% or to increase this further to 15%. I’m eager to learn but acknowledge my beginner level status with cryptos so I don’t get burnt too badly at the start.