Updates for my Portfolio for April 2021
I feel I have hit another roadblock in achieving consistency for my side project. There's actually 3 variants I have more or less chosen pending market acceptance tests. Hitting this roadblock after having rather consistent results is a shock to me, not sure if I have done anything wrong.
- Buy MarketAxess at 506.4286
- Reasons
- MarketAxess is the leader of electronically trading US corporate bonds serving Americas, Europe, Latin America and Asia. It also provides market data and post-trade services, enabling institutional investors and broker-dealers to trade credit instruments, including corporate bonds, and other types of fixed income products.
- I initially queued at around 510 GTC which is about 65x PE (slightly above fair value at 59x PE).
- What happened was the market gap down pre-market and immediately filled my order at 506, I didn't even had time to adjust my order.
- And now it keeps dipping T_T
That's all for my money for now. I stopped trading with VT because of funds being needed to route for share purchases.
The US markets are now rather pricey and the Hong Kong market especially the tech giants who are now being fined does not seem to be falling sufficiently to warrant more share purchases.
Considering the total asset value of my net worth, I am considering putting about 1% of it in crypto-assets. But let's see how.
Conclusion
My portfolio YTD is now ~31%, with the long term XIRR at 5.37%. Seems improving I hope.
My cash position is currently at about 13%. Probably keep an eye out for opportunities while conserving cash (there's still a balance transfer the size of about 7% of my portfolio ready).
Related Posts:
- Portfolio Transactions Update (March 2021)
- Portfolio Transactions Update (February 2021)
- Portfolio Transactions Update (January 2021)
- Portfolio Transactions Update (December 2020)
- Portfolio Transactions Update (November 2020)
- Portfolio Transactions Update (October 2020)
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