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Week 32, Aug 20 Report Card (Take profit)

Blue color rows are funds generated from defi, open finance and staking reward. Last crypto price is set as weekly lowest price.

Total crypto profit / loss for Week 32: $5512

Total equity profit / loss for Week 32: -$407 :(

Changes made in my portfolio on Week 32: bought Ampleforth (AMPL), Orion Protocol (ORN)

Accumulated profit to be taken: $1110

Crypto

Finally, my MCO stake expired and coincidentally CRYPTO.COM did MCO Swap program. It means MCO and CRO token are merging. Lots of long term MCO holder are unhappy because of the price, but in my point of view, it is the right thing to do in the long term. Only time will tell if this is the right move.

So the time has finally come, my crypto assets are almost 3x equity investment. And an unrealized profit isn’t profit until you cash it out. So every week, 20% of the crypto profit will be converted to USDC and slowly draw out to reinvest in equity.

This week, I bought AMPL and ORN token. Why?

AMPL - I bought a small bag of AMPL. So why I bought back AMPL after taking a big profit last week? (1st) It is because AMPL was extremely over bought last week that it will definitely burst. (2nd) AMPL foundation ‘Donate’ 10% of its tokens to the ecosystem. It shows how seriously they want the project to be successful. With the staking reward and the fees earned from Uniswap, I feel it reduces the risk involved and I generally agree with the founder idea. I hope that one day, it will be used as collateral for other DeFi project.

ORN - Orion Protocol aims to bring centralized exchange and DeFi together. They have a good founder and a running beta up soon. In addition, now there is a bonus for staking reward. I feel it is a good hedge for the risk involved, thus I bought it.

BAND - As mentioned last week, I sold most of my Ethereum and bought BAND instead. It feels like a crazy move during the season where Bitcoin and Ethereum price increase so much. But with the recent announcement, BAND price increase a lot. Guess I make a right choice to buy on the dip last week. Personally i feel BAND developer side is so much better than Chainlink, and for ICON Network to switch from Chainink to BAND, a guess there must be a reason.

So if you notice, I buy mostly tokens with staking option available. I think my strategy is like a dividend investor. If quality project tokens increase by 50%, your staking reward return will also increase by 50%. And when it compounds, you will get exploitation returns. Find a strategy suitable for you and you with enjoy doing trading / investing.

Equity

I'm planning to withdraw most of my fund to reinvest in robo-advisory investment platform. It is an algorithm robot to manage the portfolio and help the user invest. It feels like currently nothing in the market makes sense, or maybe I'm just inexperienced. The primary advantages for algorithm robot investment platform are no commission, deposit and withdrawal fees. Let see if consistent investment will built wealth.

Endowment policy

No changes. Paying monthly fees. It is for retirement, kids’ education and extreme last resort funds.

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