So in case you haven’t been following, I am writing a monthly update on my ETF investment since making my first investment almost a year ago. I’ll keep doing this until around January or February 2020.
This months update will be quite short and sweet as there isn’t a lot to add since the August update besides the fact that I have allocated 1% to crypto currencies.
Am I crazy or mad? I don’t know…. I have successfully avoided crypto up until now but have decided to invest just a small amount to see how it turns out….
The current balance
Up to now (26 September 2019) I have invested a total of R11,950 and after fees and costs, the balance is now R12,159.86
This means that if I look at the money I invested and calculate the daily compound interest since the start, I am averaging a 5.6% growth. This isn’t necessarily great (in fact it isn’t too good) but I’m keen to see how this evolves over time. All I need to do is keep track of the date I invest money as well as the amount and I can always run this calculation.
As always mentioned, passive investing is for the long term so this kind of month-to-month update is a little pointless (unless of course you like tracking things as I do!)
Nothing has changed since my August 2019 update.
- 25% Local Equities – CoreShares Sci-Beta (Smart Beta)
- 15% Local Equities – Satrix Top 40
- 10% Local Property – Satrix Property ETF
- 39% Offshore Equities – Satrix Worldwide
- 10% Offshore Property – Sygnia Global Property ETF
- 1% DCX – Cryto
When investing additional funds I simply re-balance the ETFs to match my goal.
My Crypto investment with DCX10
The DCX10 Index holds the top 10 crypto currencies as assets and works pretty much like an ETF or a unit trust which holds a selection of underlying assets in a fund structure. It doesn’t actually trade on the stock exchange though and to be honest I don’t 100% understand how it all works. But I decided to allocate 1% of my portfolio to this.