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2023 Half-Year Recap: Gains, pains and how do you reset?
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doctorpot1 joined discussion · Jul 4, 2023 23:51

#growing with Moo Moo, #growing for a better life

The first half of 2023 was all about #growing with Moo Moo. I did a lot of things that are new and even some that push me out of my comfort zone. I started learning and applying Modern Portfolio Theory and found a better way to invest in $SPDR S&P 500 ETF (SPY.US)$ by leveraging on $SPDR Gold ETF (GLD.US)$ and $Invesco QQQ Trust (QQQ.US)$, tested out using $Gold Trust Ishares (IAU.US)$ to hedge against the super volatile $USD (USDindex.FX)$, and even did a live stream to teach about options. It has been an amazing ride up in both my portfolio and my personal growth.
Explained Simply Live: Options 101
This is the first time that I did a live streaming session, so it was exciting and scary at the same time Writing posts was so much easier as we can always double check before posting. Even creating a YouTube video can be reviewed and edited. However, for a live stream, there is no undo button Any mistake is permanent and the internet never forgets. So with a shaky hands and a worried mind, I clicked start on the live stream and just go with the flow. Phew, I'm glad it went well
It is a simple live session where I teach about the basics of options, talked about how we can use option and showed real life example of how I used option with real trades, and also talked about the risks. I'm not asking for "35 seconds of your time to make you a millionare", nor am I becoming a millionare as class is free and it went on for 2 hours straight
I reviewed how and why I used options in each of my trades on $Alphabet-A (GOOGL.US)$, $Futu Holdings Ltd (FUTU.US)$, $ProShares UltraPro Short QQQ ETF (SQQQ.US)$, $Grab Holdings (GRAB.US)$, $Palantir (PLTR.US)$, Credit Suisse (Collapsed), $NIO Inc (NIO.US)$, $Twitter (Delisted) (TWTR.US)$ and $TRICIDA INC (TCDAQ.US)$. Be in wins or losses, I showed them all, hoping that everyone will be able to learn from both my successes and mistakes. So if you are interested to learn, do click on the post link below:
doctorpot1: Explained Simply Live: Option 101
Modern Portfolio Theory
The first half of 2023, also had been great for the market which is reflected in the paper portfolios that was created to test out the Modern Portfolio Theory (MPT). I learnt about MPT and started applying it by creating paper portfolio in Moo Moo to test out the effectiveness of it.
#growing with Moo Moo, #growing for a better life
The base case SPY portfolio, which showing the portfolio of passive investors who had been listening to Warren Buffet or other YouTubers, and invested only in $S&P 500 Index (.SPX.US)$ had grown 13.92%. However, according to MPT, this is not the most optimal portfolio as it is not optimised based on the risk reward potential. The most optimal portfolio had grown 22.83% and the portfolio with the same risk, higher reward structure had grown 26.87%. That's impressive and I had learn something new. If you like to learn more about MPT, you can refer to it in this post: Explained Simply: Modern Portfolio Theory, Optimising Risk and Reward of your portfolio
USD hedge with gold
The last bit of growth, is with me exploring the idea to use gold as a hedge against $USD (USDindex.FX)$. As I'm a Singaporean, USD isn't the currency that I truly need. Shops around doesn't accept USD, they want SGD. However, in the past 3 years, USD had been super volatile. It went up and down 10% like nobody business. So I need to find a cheaper way to hedge against such volatility, and Gold ( $Gold Trust Ishares (IAU.US)$) seems to have that potential.
#growing with Moo Moo, #growing for a better life
Looking at how Gold and USD seems to have some inverse correlation recently, I tried to test out my hypothesis. I saw that when USD goes up, Gold price starts to fall, and vice versa. There are also so many news about de-dollarisation and how USD could slowing lose its value as the US had been exporting inflation by printing them out of control and weaponising USD like crazy in the past few year. So when USD starts going up, I started to buy Gold with existing USD as it became cheaper. Hoping that if USD fall, the Gold price will rise up to cover that loss. I made a post about it too here: Lucky to have started adding Gold into my portfolio in February to hedge against USD.
This is purely just my own hypothesis, so I'm not sure if it will work. But I'm putting money where my mouth is and testing it out.
Conclusion
So yes, the first half of 2023 is all about #growth. There was growth in my portfolio (thanks to the market rallying), but growth in myself is way more important. The knowledge that I had acquired will help me grow my portfolio, and who knows maybe my future career too. So in the next half of 2023, I would still be focusing on #growing. Be it getting more professional certificates for my job, or learning more about investing for my portfolio, or learning to be a better person for my life. Hope that we all can grow together and grow together with Moo Moo
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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doctorpot1
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crawled out of poverty, working towards FIRE!! (financial independence, retired early)
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