Portfolio Update - March 2023

Portfolio Summary

Here is a summary of my portfolio at the top level:

Raiz Aggressive Portfolio – $14,211.69 (6.14% according to app)
VDHG (using VPI platform) – $78,567.60 (1.60%)
IVV (Selfwealth) – $606.90 (10.11%)
SYI (Selfwealth) – $2,195.70 (9.02%)
VISM (Selfwealth) – $501.03 (-0.12%)
A200 (Selfwealth) – $2,047.82 (4.11%)
Cryptocurrency – $47,470 (-27.22% from principle)
Gold – $10,141

A breakdown of my current asset allocation:

Australian Shares – 25.87%
Global Shares – 31.19%
Bonds – 5.68%
Fixed Income Assets – 0.27%
Gold – 6.51%
Cryptocurrency – 30.48%

Portfolio Total – $155,741.74 An increase of 8.92% compared to last month’s value ($142,977.72).

This month’s saving rate is 65.11%. I would say this month has been great for me. Everything from work to my personal goal, the process has been smooth so far. Work is still as busy as ever and all my time spent freelance has paid off. I am getting more confident when it comes to making my own decisions for work-related stuff. Though, my knowledge still needs improvement, and need more experience to become better as an analyst. I am just a developer atm but I want to expand my expertise not only as a developer but a system analyst, tester, and many other fields. By doing more freelance work, I can apply what I have learned and get more experience from it. I would say, I have been progressing quite well in my career this month.

I still do my contribution regularly this month and with the new changes, I can see it has worked out beautifully. I can see the bonus paid to my saving account, and move my VDHG contribution to the start of the month. Though, one flaw with this plan is that it will work fine if my income still comes into the account regularly, if not then I will have a higher chance of missing a bonus interest. For example, I am currently on my break for 3 weeks, and I do not have any income I would miss this month’s bonus if I cannot find any other source of income. I do have a bit of income from my freelance work but I don’t think it will be enough, but let’s see if I can receive the bonus next month.

Another good news is that I am officially at 80 kg now after 3 months of fasting and exercising. Last month, I was at 81.6 kg, so I lose about 1.6kg this month. It was a bit tough as there were times I actually ate more than I should in a day. However, I quickly adjusted my daily consumption the next day and kept moving forward with the plan. It’s been a great weight loss journey so far and I can visually see a change in my body, even though it’s not that much. This is still a great milestone to achieve since all the hard work has paid off. My next goal is to achieve 75 kg in July, and then 70 kg in October. However, another concern I have is about my sleep deprivation. I normally sleep late when I have my days off and since my break this week, I slept late more than usual and often found myself tired in the morning. I need to work on my sleeping habit as sleep is the most important thing to maintain a healthy body. A note to myself so I should take care of myself more.

Note: A reminder is that this number is still an estimation only as my crypto portfolio consists of different assets, including NFTs, staking, and Defi. I have to use other tools to keep track of and maintain the value of investments to finalize the final value of my portfolio. NFT is hard to estimate because of price fluctuation in the crypto market. However, estimation is still good enough in this case.

Events & Porfolio Analysis

Let’s start with the general news

On 01/03/2023, The ABS releases the monthly CPI report – CPI rose 7.4% in the twelve months to January. The most significant price rises were housing, food and non-alcoholic beverages, and recreation and culture.
On 02/03/2023, a report showed that mortgage demand in the U.S. drops to a 28-year low. The application to buy a home dropped 6% from the previous week.
On 06/03/2023, Senator Mark Waner said he would introduce a new bill that would ban or prohibit foreign technology, like TikTok because of the privacy concern.
The bill will be unveiled on Tuesday (US timezone). The bill is expected to give the president the authority to respond to threats posed by TitTok and companies like it.
On 07/03/2023, RBA announced another interest rate, 25 basic points, and the cash rate is now at 3.6%. RBA governor Philip Lowe has put a hawkish statement “The board expects that further tightening of monetary policy will be needed to ensure that inflation returns to target and that this period of high inflation is only temporary,”
The mark is currently waiting for the upcoming meeting – Fed’s Powel will appear before Congress this week to answer some answers about the monetary policies since last year.
On 08/03/2023, “Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected”. Mr Powell also said “The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,”
On 09/03/2023, with Fed’s speech during Congress, the market opened with a sell-off. Blood on the street.,
Opening up is the Silicon valley Bank has dropped by 60%, and another 22% after the close. Billions of dollars in venture capital flow into and out of the bank’s coffers. This could be the downfall of Silvergate Bank.
On 11/03/2023, the job report for February is out, nonfarm payrolls rose by 311,000, and the unemployment rate increased to 3.6%. This can be another signal for FED to increase its rate hike again.
Just within a couple of days, Silicon Valley Bank is shut down by the FDIC. Its collapse has left many VC and tech startups in panic mode. The FDIC’s standard insurance covers up to $250k per depositor, per bank, but 97% of the assets under SVB are not secured. Its share fell another 60% when the market opens today.
On 13/03/2023, FDIC started the process of an auction for the SVB, with the final bids due Sunday.
On the same day, Treasury Secretary Janet Yellen says the U.S. government will not bail out Sillion Valley Bank. The best outcome is to find a buyer for the bank.
Biden also speaks with the California governor about the SVB concern and addresses the situation.
Moreover, a closed board meeting will be held by the U.S. Federal Reserve to review and determine the advance and discount rates in the future. We have seen the rate rise collapse one of the banks, the recent biggest bank failure.
On 14/03/2023, Monday market opened and another bank failed to the same rabbit hole – First Republic with a drop of 60%.
Investors are now rushing to Gold and Bonds for safety. Bitcoin also pumped to $24k. Even FED and FIDC have introduced funds for depositors.
On 15/03/2023, the CPI report is out. The number matches the expectation, CPI increased by 0.4% for the month. Core CPI rose 0.5% in February and 5.5% on a 12-month basis.
On the same day, a group of Democratic senators introduced new legislation to repeal Trump-era bank deregulations. The new bill would lower the asset threshold for any bank with assets of $50 billion or more.
A surprise move by the EU politicians on Smart Contract – the Data Act. One of the major concerns is around the requirement for smart contracts to be designed so that they can ensure the “protection of confidentiality of trade secrets” and “smart contracts could be reset or instructed to stop or interrupted”.
On 16/03/2023, The PPI fell 0.1% for February, below the estimate of a 0.3% increase. We can see that retail sales have slowed down.
On the same day, another bank is in a midst of a crisis – Credit Suisse. Its shares tank after its largest backer – Saudi rules out further assistance.
The Swiss National Bank has to step in to bail out the bank. Credit Suisse will be borrowing up to 50 billion Swiss francs under a covered loan facility and a short-term liquidity facility. More money printing, lol.
The rating agencies S&P Global and Fitch cut First Republic’s credit rating to junk status due to concerns that depositors could pull funds from the lender.
On 16/03/2023, The European Central Bank announced a rate hike of 50 basic points, despite having a meltdown in the banking sector. This move made the Euro rise and the dollar US dollar falls.
On the same day, the ABS releases the unemployment rate report – 3.5% in February despite interest rate hikes in many months. The market is still strong, and another indicator that the RBA would make another rate hike next month.
On 17/03/2023, 11 banks joined forces together to rescue the First Republic Banks by depositing $30 billion. Banks including – Bank of America, Wells Fargo, JPMorgan chase… FED must have pushed the banks to rescue instead of them bailing the bank out.
JP Morgan Chase has issued a statement that – the US FED’s emergency loan can inject $2 trillion into the banking system to ease the liquidity crunch. It’s funny how they call it a loan nowadays but clearly what they are doing is printing more money.
On 18/03/2023, SVB finally gave up and filed for Chapter 11 bankruptcy. According to CNBC – “The move to commence bankruptcy proceedings comes as emergency measures to shore up confidence have so far failed to dispel worries about a financial contagion”
China’s central bank said that they would cut the amount of cash that banks must hold as reserves for the first time to keep liquidity ample and boost the economic recovery. A surprise move after seeing all the banks fall in the U.S. but this is China we are talking about.
After big banks agreed to deposit about $30 billion in First Republic bank, its shares price still dropped almost 33%, dragging down other regional banks. This shows that the investors have lost confidence in local banks.
On 19/03/2023, after the bailout from the Swiss National Bank, Credit Suisse is still in trouble. UBS is in discussion to take over or part of Credit Suisse. There’s also a report showing that BlackRock is preparing to take over the Swiss lender Credit Suisse. However, BlackRock has denied it – “BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” a company spokesperson told CNBC Saturday morning.
On 20/03/2023, finally, Credit Suisse gave up. UBS has agreed to buy Credit Suisse for 3 billion Swiss francs ($3.2 billion) with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global banking system. Sound like they were forced to buy back Credit Suisse.
The U.S FED has collaborated with other banks in the world to o make sure dollars are available to stem any liquidity concerns in the global financial system. They can now exchange every single day instead of every 7 days.
On 21/03/2023, with all the liquidity injected into the First Republic Bank, its share price is still falling, currently trading at $12.18. The S&P reduced its credit rating for the First Republic to B+ from BB+.
Amazon announced that they would lay off another 9,000 employees in the coming weeks.
Lastly, with the buyout deal from UBS, the biggest losers are the investors who bought the AT1 bonds and lost everything. The amount worth $17 billion was wipeout completely. T1 bonds are widely regarded as relatively risky investments and will be written to zero as part of the deal according to the Swiss regulator FINMA.
On 22/03/2023, Treasury Secretary Janet Yellen said Tuesday that the government is willing to take further action to guarantee bank deposits are safe. This gives the market more confidence if the crisis worsens.
On 23/03/2023, FED increases a quarter percentage point interest rate despite bank collapses. In the FOMC’s posting meeting statement – “The Committee will closely monitor incoming information and assess the implications for monetary policy”.
The Swiss Regulator defended the decision to write down the AT1 bond because the collapse of Credit Suisse was a “viability event”.
On 24/03/2023, the collapse of Credit Suisse and the U.S banks like SVB spread its contagion to other banks. The next on the list now is Deutsche Bank. Its share slid 13% after a sudden spike in the cost of insuring against its default.
On 25/03/2023, Federal Reserve data showed that customers pulled almost $100 billion for the week ended March 25, the time when SVB and Signature Bank collapsed. The regulators once again told that the banking system is safe. I don’t know about you but it does not sound safe at all when bank runs are still happening.
Meanwhile, crypto companies are frustrated at the U.S. government for its lack of clear rules for the industry and SEC keeps attacking digital currency firms. Other countries are already establishing rules and yet the U.S. has not done anything besides suing companies. It just shows how incompetent they are in helping investors.
On 28/03/2023, First Citizens agreed to buy SVB’s deposits and loans. It will spend $16.5 billion to buy $72 worth of SVB assets.
On 29/03/2023, ABS releases the monthly CPI report. The monthly CPI indicator rose by 6.8% in the twelve months to February, less than 7.4% back in January.
On 31/03/2023, Brazil and China ditch the US dollar for trade payments. The rate hike policy has shown its impact, and with all the collapse, USD is not a safe haven anymore. Maybe USD is not a global reserve currency anymore soon. China is now expanding what is called “Global Civilisation” with other countries like Iran, Pakistan, and Russia…

Crypto news

On 01/03/2023, Mastercard and Visa decided to delay the launch of new partnerships with crypto firms due to regulatory scrutiny.
Ethereum testnest also successfully forks in the Shanghai upgrade rehearsal. A little information about the upgrade – Shanghai is the fork’s name on the execution layer client side and Capella is the upgrade name on the consensus layer client side. One of the major changes enables validators to withdraw their staked Ether from the Beacon Chain back to the execution layer.
On 02/03/2023, bad news for Silvergate bank – “Crypto-friendly bank Silvergate has delayed filing its 10-K, an annual report on the financial health of the company. The news has sent its stock price down 31%”
Golden Sachs is still open to hiring more employees for their crypto team, even with the recent layoff in January 2023. This is big news, as the investment bank starts to move into the crypto space.
Australian central bank is also planning to launch a live pilot of CBDC in the coming months. The use cases ranged from offline payments to Web3 commerce.
On 03/03/2023, Silvergate, the company, which provides banking services to crypto businesses, ended the day lower by 57.72%, after the bank delayed the filing of its annual 10-K report as it evaluates events that have happened since the end of 2022. This caused the crypto market falls hard, with lots of long liquidations. All companies have cut tied with the bank including Coinbase, and Gemini…
On the same day, FTX releases a report showing its massive deficit in its assets. “FTX wallets showed a $9.3 billion net borrowing by the exchange’s sister trading firm, Alameda Research, and a $107 million net payable to Alameda from FTX US”. That’s huge.
And another piece of news regarding Binance, a group of Senators asked Binance for detailed information about their business operations amid accusations of illegal practices. Both Binance and Binance US have announced that they would cooperate and provide the information needed.
On 06/03/2023, SEC attempted to stop the deal from Binance US to buy assets from Voyager, the U.S. Bankruptcy Court Judge Michael Wiles appeared heavily skeptical of this news. The reason was that Voyager’s token could be an unregistered security.
On the same day, an update on the court case Ripple vs SEC – “the crypto community eagerly awaits the date for the summary judgment in the matter, with Filan speculating that the case might be settled by the end of March. However, several legal experts led by Deaton argue that the SEC and Ripple might reach a settlement to avoid a further appeal”.
On 07/03/2023, Kraken finally makes its move regarding the recent regulatory issues. It will launch a new crypto bank in Wyoming.
On the same day, the Brazilian tax authority shared a report, showing the crypto market experienced a resurgence in January, with trading increasing more than 10% compared to December.
On 08/03/2023, the crypto bank Silvergate made the decision to shut down its operation and liquidate its bank. The stock plunged 36% after this news. Another company went bankrupt.
On the same day, good news from the court about Binance US buying Voyager. Bankrupt cryptocurrency lender Voyager Digital has won court approval to sell over $1 billion of its assets to Binance. US. The approval was granted by United States Bankruptcy Judge Michael Wiles on Mar. 7, which came after four days of arguments presented by Voyager and the United States Securities Exchange Commission
Also, another good news from Ripple vs SEC – Judge Analisa Torres has issued an initial 57-page ruling in which both the blockchain company and the securities regulator were seeking to exclude expert testimony from summary judgment. The ruling did exclude the testimony of the expert witness Patrick Doody, who was hired by the SEC to analyze the expectations of XRP buyers, which could mean a win for Ripple considering he was the watchdog’s only expert witness on the subject,
There’s a major attack on the crypto market. Starting with the possible lawsuit to the US crypto exchanges on 10/03/2023, the first on the list is KuCoin. Other U.S crypto exchanges like Coinbase, Robinhood, and Kraken are facing similar lawsuits.
On the same day, the Biden administration proposes a 30% tax on crypto-mining electricity usage. The new rules would also bring crypto trading tax rules not permitted under wash sale rules.
After the decision from Judge Michael Wiles to give Binance U.S permission to buy assets from Voyager. The U.S. Department of Justice filed an appeal challenging a New York bankruptcy judge’s decision.
On 11/03/2023, a major concern after the collapse of SVB, USDC Stablecoin’s Cash Reserve is under scrutinized. It held an undisclosed part of its $9.8 billion cash reserves there. And we thought USDT is unsafe for a while.
And SEC once again rejects VanEck’s spot bitcoin ETF application for the third time. Still don’t know if SEC is really thinking of helping the industry or not.
On 11/03/2023, with the collapse of SVB, USDC lost its peg to the ATL at $0.87. This sparked widespread panic in the crypto market, which also affects the DAI stablecoin to lose its peg. A true crisis yesterday.
Blockfi also has money in SVB, around $227 million.
On 12/03/2023, good news from the court case between Grayscale and SEC. Regarding the Bitcoin spot ETF, SEC has not provided satisfactory answers to the judges’ questions regarding fraud in the spot ETF.
On 15/03/2023, Circle announced a new banking partner – Cross River and expands ties with BNY Mellon.
Even after the collapse of SVB and Signature banks, there are banks willing to serve crypto clients – Santader, HSBC, Deutsche Bank… though there might be restrictions that banks could give.
An Australia Bank also made the first-ever cross-border stablecoin transaction on the Ethereum network – AUDN, good to hear that Australia is making progress.
On 16/03/2023, the FBI issued a wanted to a Vietnamese citizen due to money laundering through a service called ChipMixer, similar to Tornado Cash.
Mr. Gary Gensler once again suggests that Proof-of-Stake tokens are securities. Even though that’s what he is trying to push and FUD the crypto market, he’s not the one to make the laws here. Until there are laws requiring tokens to be registered as securities, we should not fear something like this.
On 17/03/2023, previously the U.S. government tried to appeal the decision made by Judge Wiles on the Binance – Voyager deal. However, their reasons were not convincing enough, so the appeal is denied.
On 18/03/2023, Binance announced that they have swapped out BUSD in the SAFU fund for TUSD and USDT as the BUSDs are no longer minted.
On 19/03/2023, Microsoft is said to be testing integrating a crypto wallet for its browser extension.
Following the news from Binance providing information to the U.S. senators, Binancec has provided information about its KYC and Anti-Money laundering policies in the past years, but it does not have the information that can show Binance’s transparency.
On 22/03/2023, XRP jumped 20% because of the latest news about the court case Ripple vs SEC. Eleanor Terret from FOX business said that there will be a result this week, and Lawyer John Deaton thinks Ripple has a higher chance of winning the case. This news made XRP pump 20% this morning.
On 23/03/2023, SEC made their move again by suing Tron Founder Justin Sun because TRX and BTT are unregistered securities and claimed Justin created an extensive wash trading program to boost their trading volume.
SEC also gave Coinbase a “Wells notice” regarding their listed digital assets, staking service, and many other services. Coinbase did attempt to register SEC but they now wanted to sue Coinbase. It’s so unreasonable.
Another good news, GOP Senator Ted Crus introduced a bill to ban the FED from creating CBDC due to its attempt to control or centralize cryptocurrency.
On 24/03/2023, breaking news, Do Kwon finally got arrested. This dude must be prosecuted, what he has done is the worst of the worst.
With the recent banking crisis, this is an opportunity to attract more investors to the BTC market. Bitcoin has shown that it’s moving in a different direction compared to the equity market. People have used the FTX and Terra Luna as excuses to attack the crypto market but now, the banks are falling and people have lost trust in them, so what are other alternatives to store your assets? Bitcoin has a chance to show that it can be part of everyone’s portfolio to hedge against events like this.
On the same day, Tether says that it has around $1.6 billion in excess reserves to back its USDT stablecoin.
Nasdaq is aiming to debut a crypto custody service by Q2 in response to the demand from institutional crypto investors.
On 27/03/2023, The Lightning Network slashes the cost of bitcoin transactions to virtually zero and enables nearly instantaneous cash payments around the planet, and they have been integrated into mobile money in Nigeria and South Africa.
Amazon appears to confirm that digital tokens. An NFT market is likely to be opened in the future.
On 28/03/2023, MicroStrategy repaid a $205M loan to Silvergate at a 22% discount (probably due to early payment) and they acquired another 6,455 Bitcoins at $150M.
Shocking news from CFTC – they sue Binance, CEO CZ for offering unregistered crypto derivative products directed to U.S customers to evade compliance controls through the use of VPNs. CFTC considered these cryptocurrencies including BTC, ETH, LTC, USDT, and BUSD, which are commodities so it violates the rules.
CZ has answered and rejected allegations from the CFTC. We shall see what would happen next.
On 29/03/2023, another attack by Senator Elizabeth Warren, she once again demonstrated her incompetence by stating “she is simply wrong when she says that cryptocurrency is “the method of choice for international drug traffickers” and terrorists. In fact, only about $10 billion or less in cryptocurrency is involved with money laundering each year, compared with between $800 billion and $2 trillion laundered in conventional currencies.”. Who the hell would use cryptocurrency for money laundering since it’s constantly being tracked 24/7. She’s trying to push the dependency on big banks, which are failing one by one atm.
On 31/03/2023, Senator Elizabeth Warren is now trying to build an army of anti-crypto. Well, guess she’s now an enemy to everyone since the last bill that she introduced.

I can’t believe in just a month, we now see the collapse of banks in the U.S. and it happened so fast, no one could have expected it. The domino effect is pretty strong in this case and people are now doubting the bank industry they are really that safe. Let’s have a look back from the beginning at how all this happened.

Silvergate Bank is the trigger. It collapsed in just 2 days and SVB was the next to collapse. What makes the situation tricky is that it was fine if the Silvergate Bank collapsed but SVB has nothing related to crypto at all. The reason for the SVB collapse was that they bought so many long-term treasury bonds, thinking that FED would not hike the rate so fast. When depositors wanted their money back, they were illiquid and needed to sell their bonds at a significant loss, about $3 billion. Now, what’s more, important is that when FDIC stepped into the rescue, only 7% of the bank depositors had less than $250k, which they were insured, the rest was from VC funds with millions and billions of dollars without any insurance. This would mean all the companies that had an account at SVB would collapse as well. The government had to step in and insured those to avoid more contagion. Though, it already began. First Republic was the next target, then Credit Suisse. The Swiss National Bank had to bail them out but it was not enough. They had to make UBS make a deal to buy Credit Suisse at a discount and wrote off AT1 bonds. Investors were angry with this move. The Circle company, the issuer of USDC, also got caught in the line of fire since they have a large portion of their money in SVB. USDC lost its peg at $1. Who would have thought USDC depeg, even though USDT was the one everyone thought would collapse.

We still had lots of good news this month. Inflation is going down as expected, in the U.S. and in Australia. But they did not matter anyway since the act of the rate hike has broken something in the system and the government had to step in to prevent it. To intervene, the FED had to temporarily inject liquidity into the system, as we can see the FED budget has increased recently. It could be seen as a temporary quantitative easing. The printer is now printing again and FED has not shown any sign of pivot. Other countries are now looking to ditch the USD to trade in their own currency China, Brazil, Russia, and more. We could see a change in the global reserve currency, but the U.S. dollar is still strong for the time being.

At the same time, the crypto market is somewhat being attacked by the regulators, SEC, CFTC, U.S. governments, and so on. SEC is trying to take control of the crypto market by suing every crypto company, even Coinbase got a Wells Notice from them even though they have been trying to talk SEC to follow the rules, but got slapped with a lawsuit instead (LOL). Well, at least with the bank collapse, investors are now seeking better alternatives for their assets, including gold and Bitcoin. Bitcoin has raised to $29k this month which is impressive considering we are still in the rate hike cycle. Other companies are also trying to get into this market – Fidelity, Nasdaq, and Amazon. There seems to be a coordinated attack on the crypto space to see who can take control of it, but as we already know Bitcoin is still strong as ever, and people should realize by now, fiat is not sustainable as we think because of inflation and money printing. We have to diversify our assets to protect ourselves from unexpected events.

With all that, my portfolio has seen a sharp increase of 8.92%, an impressive return. As you can suspect, most of the gain (around $7,000) comes from the crypto portfolio since there were many rallies during this month, and because of the bank collapse, Bitcoin also reaches $29k. I am still buying more Bitcoin this month and moved more coins to my own Ledger from the exchanges. I also bought extra DOT for staking purposes but made mistakes when choosing what staking option to do, so I am kinda stuck for a month before moving to the correct staking option. I will slowly move other major altcoins off exchanges soon and only keep a small portion of altcoins on the exchange (most of them are down 70-80%). Gold is also a popular choice this month after the bank collapses. My Gold portion has now reached $10,000 in value as Gold is slowly reaching the $2,000 USD mark.

I was expecting the stock portfolio to fall drastically since the economy was not stable anymore due to bank collapses. However, with the intervention from the U.S. government, people seem to think that the FED would stop their rate hike soon, and they did only hike 25 basis points this month. I really had no idea that the portfolio would somehow stabilize at the time I am writing this post. For example, Raiz’s portfolio with a gain of 6.14% from 4.52% last month, I did remember a week ago, there was no gain at all. The same goes for VDHG with a gain of 1.6%, IVV with a gain of 10.11%, and SYI with a gain of 9.02%. VISM and A200 are not performing well this month but A200 has seen a reduction in the MER to 0.04%, I am tempted to buy A200 in the future instead of VAS but who knows. The contribution for VDHG started at the start of this month as I have planned, and it worked but I need to test this strategy in 2-3 more months before drawing a conclusion.

The portfolio is now shifting a bit to the crypto portfolio with 30.48% and Gold with 6.51%. Still need to push these numbers down more to maintain the portfolio goal.

Conclusion – a good return this month. I was not expecting to see a sharp return this month due to turmoil in the U.S. market. Bitcoin has now proved itself to be an asset that investors can invest in. I still don’t know if my portfolio is good for protection in the long term but time will tell if my investment choice is correct. This portfolio has a good diversification and I only spend as much time as needed to maintain the balance, especially in the crypto market. Let’s see what would happen next month.

Some of the articles I use for the information above:

Passive Income

This month has produced about 15.472 ADA. SOL and ONT rewards are small. BAT reward is 4.92 BAT. Staking reward for AXS for this month is about 0.627 AXS. Staking for IMPACT is 2744.567 PACT.

To sum up:

ADA Reward – 15.472 ADA.
SOL and ONT rewards – the reward is not large enough to consider.
Brave Reward – 4.92 BAT.
AXS Staking – 0.627 AXS.
Impact Staking – 2744.567 PACT
Dividend – $503.35.

What I have learnt

Keyword for this month – Relax

Well, I am officially on my 3-weeks break now. I think this is the break I always wanted since I have started working last year. The amount of stress has been built up slowly throughout the year, though I was able to release a bit of it when I was on my holiday trip back in January. I have been thinking of having a bit of time to be truly alone and recharge my energy. And thank God for having a successful release of a new feature at my workplace. I was a bit scared since our team had to build this new feature from scratch and we had so many laid-offs last year. Just want to say thank everyone who has helped on this project so I finally have a little break for myself.

I got some time now so I got a couple of plans to do for myself in these 3 weeks

Listening to more podcasts – with the recent bank collapses, it’s clear to keep up-to-date knowledge, for example, I only know that FDIC in the U.S. only insures up to $250k. I usually listen when I do my exercise, which increases my day’s productivity level.
Reading the De-Coding the Technical Interview Process book by Emma Bostian. It’s important to prepare in the worst-case scenario if I do not have any jobs after my break. I do not have much experience when it comes to Technical interviews so it’s something I need to work on in my free time.
Have a side project – I want to expand my expertise, not just in Web Development, to Mobile App Development. A friend of mine has an idea to do a mobile app so we started to make an app for it. React Native is quite popular nowadays so I am developing the application while learning at the same time. It’s actually quite easy if you have a good background in programming. I am aiming to have the app finished by the end of this year (at least) and work on a different app.

These are the side goals I want to achieve as they would help me a lot in the future. I also do more exercise to keep myself fit at all times. A good mind must come with a healthy body so I can perform my daily tasks efficiently. With the goal set in my previous post, I have achieved that goal of reaching 10k steps on the weekend. That was part of the reason why I am now at 80 kg from 85 kg. I also keep the same habit of eating less each week and limit deliveries each week to once per week. I am currently on my 3-week break so I have more time to do my own cooking, therefore further reducing my spending on food and transport each day (around $6 for bus and $11 for breakfast and lunch). Though I do not have any income in these 3 weeks, I have to reduce my spending as much as possible. Hopefully, with the current progress, I will be able to reach 75 kgs in the next 3 months.

Portfolio Update – March 2023

Portfolio Summary

Events & Porfolio Analysis

Passive Income

What I have learnt

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