Here are my dividends for June 2022:
The time has come for my once-a-year portfolio allocation breakdown.
This will be presented in a doughnut chart.
This year I have achieved equal weightage on both my Local and US stocks.
Here's the portfolio allocation for the previous year (2021) for comparison:
This is one of my favorite posts from The Woke Salaryman.
I associate myself most closely with Wei Foo.
But I don't fit his description exactly, because I have 2 kids.
My kids give me meaning in my life and make me a better version of myself. It gives me a reason to keep going every day.
It raises the bar for FI definitely, but that's what makes it more fun!
The one I least associate with is Adeline.
I discovered pretty early in my adulthood that I just simply never had an interest in such material things.
Check it out!
https://thewokesalaryman.com/2022/06/01/why-most-of-us-wont-achieve-financial-independence-early/
Like many others, my portfolio has taken a beating in the last few weeks. The factors are due to the Ukraine war which leads to supply chain issues and inflation, and so the Fed has to keep interest rates high. This is because when interest rates are high, there is more demand for USD, which will push the value of USD up, and help mitigate the effects of inflation. As interest rates are high, this typically have a negative effect on the stock market.
The SPY recently closed at 3901, which is just inches away from the 20% drop (at 3837) from recent high. Next few weeks will tell whether we enter another bear market or not.
Here are the overall returns of the components in my portfolio:
Cryptocurrency -44.51%
SPY Fund -11.56%
Bond -9.24%
USA -2.74%
One-Fourth -5.22%
SGP +6.77%
BCIP +6.69%
CPFIS +19.64%
Dividends are not included in the above.
As before, the plan is to hold and ready my ammo to invest even more, since time is on my side.
Meanwhile, the crash of TerraUSD and Luna caused some folks to lose their life savings. In this it is timely to revisit the 3 golden rules of investing:
1. diversify,
2. diversify,
3. diversify.
Never put all your eggs in one basket!
My last 2 months of doing GrabFood were not easy.
Firstly I got Covid so I couldn't deliver for a few days.
Secondly, the weather has been really hot and I stopped at 2 trips instead of the usual 3 trips for each delivery session.
The good thing is I managed to get my hands on a new road bike, which helps to cut each delivery time to around 20 mins instead of the usual 30 mins.
Roughly, this means I can make 3 trips in 1 hour instead of the previous 2 trips in 1 hour. This translates to $12.50 per hour instead of the previous $10 per hour (assuming $5 per half hour). This is a 25% increment!
Here are my dividends for Apr 2022:
