During December 2021 there was a slight recovery in the share market however there are still setbacks from the new strand of COVID. November 2021 was in a similar position and made a small rally from Christmas time. This month I chose to invest in crypto and Apple shares to diversify my holding into other markets. The cryptocurrency market was volatile in parts however the overall trend remained steady. I took up some reward offers with the app Social Good offering some additional crypto for meeting a minimum purchase amount.
The Superhero Account remains low this month with the drag of Australian tech shares. There was a slight recovery from the previous month however I would like it to recover further. I received a 3 monthly payment for the ads on the website covering some of the costs of running the website for the year.
Goals December 2021
I didn’t reach my Superhero short term target of $18,000. The Pearler balance was also steady as I chose to build the emergency fund. The returns for the year in Pearler were well short of the performance of the S&P 500 and have made me reevaluate my reliance on the Australian share market.
Superhero Account
The Super Hero portfolio improved in November, I acquired some shares and CXO to increase my long term holdings. I would like to continue investing in global shares and ETFs as a priority.
Pearler ETFs
Firstly, I continued to hold off from investing in ETF’s this month to build emergency funds in my account. Secondly. I am waiting to have a stronger cash flow to invest surplus funds. Given that I will be starting a new job in the new year this will free some additional funds that can be invested into the Pearler account in the future.
Cryptocurrency – Crypto.com
Firstly, this month, I decided to review the online crypto exchange crypto.com. Secondly, the platform was chosen for the opportunities of staking crypto. Thirdly, I decided to invest in the crypto.com coin (CRO) and Polkadot (DOT). Furthermore, I chose to stake these coins in order to receive a 10% Annual Percentage Yield. However, whether these coins continue to offer a high return is unknown. Therefore, I have only invested a portion of the funds available given the high volatility and high current price of crypto. I may look to invest in Meta coins to take advantage of the access to new technology within the crypto space.
Looking Ahead
Next month, I will hope to invest more within the Super Hero portfolio to increase it above $18,000. For ETFs, I would like to reach $5,000 (5%) of my goal by the end of January 2022. For cryptocurrency, I want to invest more in staking coins to earn a passive income stream. To achieve these goals I will look to work over the New Year and build up surplus cash. This has been a great year for investing and I look forward to seeing what can be achieved next year.
