I cleared up the remainder of my urgent work and put the rest on hold last week. Because I’m going on a long 2 weeks leave away from work. Nice to take a break and wind down for the rest of the year. I have been going out more here and there with friends and family so I haven’t blogged in a bit. The stock and crypto markets have been interesting enough in the past 2 weeks for me to step in and do some capital reallocation. I was planning to wait until the salary income and bonus gets credited later in the month to invest. But I decided to do something about it in the meantime instead of letting the opportunity slip by.
I have maintained a large STI ETF position for a while now with my monthly investment plans and manual purchases. While I will continue to cash fund automated regular purchases of STI ETFs, I have been thinking about reallocating some of it to growth stocks and cryptos. With the recent dip in the tech stock and crypto markets (less so for the STI ETF), it seemed like a good time to try some capital reallocation. I sold some of my STI ETF position built up from the monthly investment plans and rotated the proceeds into tech stocks, ARK ETFs, Dairy Farm and cryptos. Not selling the remainder of my STI ETF position for now because I would still like to maintain a portion of it to stabilise my investment portfolio.
As for the salary income and bonus coming in soon, I should be flowing it into cryptos using regular purchases. Probably convert some into stablecoins for crypto interest. While keeping the rest to maintain my monthly investment plans for ETFs and robo-advisors. And leaving the last part for expenses that should last me until next month’s salary income gets credited. I’m still trying to find a balance between having enough for spending and maintaining a sufficient cash buffer for opportunistic buying in the stock and crypto markets without having to capital reallocate. A work in progress for the next few months.