Hi,
I am the OP and want to record down progress made in the past 18 months, and hopefully get some advice too, please do offer your thoughts :)
I now have about 800K USD in savings (half in cash TD, others in bonds, stocks, insurance-like-savings etc).
Progress report,
I have now increased my liquid asset to 1.5M USD mostly from selling my cryptos, and partly from the share price increases after the turn of the year into 2019.
I also have slightly below 400K USD that is a business loan, I am not counting this yet as my stash as it is uncertain. It's a long story.
My plan is to get myself an apartment in the future that would cost me ~ 1M. I have another apartment but that is bought for my parents so I won’t and don’t plan to touch it for several decades later.
I still haven't gotten to buying an apartment yet, to me it seems like a big undertaking and maybe I will stall for months or a year before finally taking the plunge. The long term objective remains the same, which is to own an apartment. It will likely be an Asian city where house property is expensive, 1M might not suffice, 2M definitely will. We will see.
I have one that I bought for my parents but that is not counted.
I also have 4.5 M worth of crypto which is still unrealized into cash (I bought it when it was really cheap). In Aug 2017 I promise to reduce my crypto allocation to 20% of my stash but because of the crypto boom I know have even more of it, I plan to sell of 70% in 24 months - gradually but certainly.
Since February I've liquidated X amount hence the increased in my current asset, I know it's not enough but slowly and surely.
Ironically the recent crypto price increase actually ended up increasing the ratio of this portfolio as I look to cash out.
I also have about 300K of my own business/debt that I can confidently sell off in 2-3 years. I can’t sell this off immediately though I wish I could.
Note 1: The reason why my fiats are half in cash TD is because I am pessimistic of current economic climate and plan to accumulate stocks and bonds over 2-3 years are the global economy to get the most buck out of it.
Progress 1: I told myself to get into ETF, and hold some gold. I got Vanguard, and indirectly have gold via gold ETFs.
Progress 2: my stash have grown x 7 though most are still unrealized crypto, and if excluding crypto they have grown 3x.
While still a beginner I've learnt quite a bit about ETF - I have put in about 100K USD each into VTI, VOO, VNQ and IWF. I also have some mix blue chips.
Any advice or how I plan to plan ahead? I am 37 this year, and my dream is to FI in 2 years, which is already 2 years late considering that I wanted to do it at 35-36.
Thank you, and again please offer your thoughts.
On my to-do list by end of 2019.
1) Diversify into APAC ETFs to take up 30% of my ETF portfolio.
Top of my list is Hang Seng's 2800.HK which mirrors the HKEX. I now have about 80K USD into this ETF, I plan to put another 120K into it. The reason is because I have weighted quite alot into US market and I'd like some exposure into APAC and I gather that going in via Hong Kong (or to an extend Singapore) is the best option.
Second is health care REITs, I am considering places like Singapore whereby health care is slowly becoming a dominant service industry. I try to avoid shopping mall REITs as I feel e-commerce will be challenging this sector.
2) Sell another 1M of crypto so that my stash hits 2.5M USD.
If I were to achieve that I will need to sell about 140K USD worth of crypto each month, tbh it's quite a big sum to liquidate each month.
3) Open a bank account in EU.
As a nomad, I also hope to open a bank account in a jurisdiction without capital gain tax outside of APAC. Not hard, but just need to execute. I love to spend time in Europe so I hope this works and I have a bank account soon.
