Just a quick update on what I think lately.
CRYPTOCURRENCY
Currently my investment in Cryptocurrency is minute. It only contains 1.38% out of my current portfolio value. However, I am opened mind with this relatively new “product” (as arguable that whether or not it is an asset class).
Looking at the history and the average chart move of Cryptocurrency for the past years, it is no doubt that it is a HGIH RISK and speculative to invest in Cryptocurrency.
MY STRATEGY
Given the volatility of the Cryptocurrency, my take is that I will still increase your portfolio's diversification with Cryptocurrency and, at the same time, manage it below 3 to 5% out of my current portfolio value.
Currently, I have XRP in my portfolio which is 1.38% out of my current portfolio value.
PORTFOLIO PERFORMANCE
For the month of October 2021, my portfolio performance is up 6.49%. Overall, my portfolio performance currently is up at 32.09% since its inception in May 2021.
Stay safe.
Norman Liew
MNMLH
30.10.2021
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