BS24109A Cut-Off Yield is 3.70%, within the projected yield range in both projection methods, and is lower than the previous 3.74% as projected in my blog post.
Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
Yield Premium Projection
The updated 6-Month T-Bill vs 12-Week MAS Bill Yield chart and the T-Bill Yield Premium Statistics table are shown below:
The cut-off yield of ML24118F is 3.88%. Considering the average yield premium of -0.24% and standard deviation of 0.10% in 2024 so far, the projected cut-off-yield for BS24109A would be:
The updated Polynomial Trendline Projection chart is shown here:
Based on this trendline projection method and the standard deviation of T-bill cut-off yield at 0.08% (refer to the T-Bill Yield Premium Statistics table) in 2024, the projected cut-off-yield for BS24109A would be:
Yield Premium Projection: Projected Cut-Off Yield = 3.64%, ranging from 3.54% to 3.74%
Polynomial Trendline Projection: Projected Cut-Off Yield = 3.74%, ranging from 3.66% to 3.82%
The yield premium method is offering a lower projected yield range than the trendline method. The overlap is from 3.66% to 3.74%. We are likely to see this coming T-bill cut-off yield to be lower than the previous 3.74%.
Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
Performance Update
Here is the April 2024 Performance Update:
April saw a sea of red in all the 5 robo advisors’ portfolios and the 3 benchmark indices. We saw that the robo advisors generally suffered smaller losses than the indices, with only Endowus and MoneyOwl performed worse than the MSCI ACWI index. StashAway returned to negative territory in terms of XIRR since inception.
Key Observations
All 5 robo advisors and 3 benchmark indices suffered losses in April 2024.
SquirrelSave suffered the smallest losses among the robo advisors, while MoneyOwl the largest losses.
StashAway returned to negative territory in terms of XIRR since inception after enjoying a brief period of positive XIRR in the previous month.
Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
LUNA 2.0 Airdrop Update – April 2024
Tokenize Exchange continued to credit the LUNA 2.0 airdrop on 9 April 2024 as scheduled.
Performance Update
Here are the charts of the 4 crypto coins in my portfolio as of end April 2024:
The parabolic rally in BTC, ETH and SOL in the past few months had finally run out of steam in April 2024. We saw the 3 coins hit various resistance levels and retraced below their corresponding Ichimoku Clouds, all with a Bearish Twist at the right hand side.
BTC bounced between FibExt 100% and 138.2% lines, eventually broke below the Ichimoku Cloud towards the next support line at 52,000. If the support can hold, there is a chance that BTC can reclaim lost ground and resume upwards movement.
ETH and SOL also retraced and broke below their Ichimoku Clouds and getting close to the next support line at 2,800 and 120 respectively. We need to watch the price movement in the next few days for all 3 crypto coins to sense whether the correction is going to end and which direction would they be pursuing.
My crypto portfolio performance as of 30 April 2024:
As expected with the correction in April 2024, we saw the crypto portfolio allocation has dropped below 7%, the returns and XIRR since inception also reduced. Good news is only SOL remained in the red, the rest are in the positive territory, and the XIRR at a decent double digit returns at 28.38% p.a.
BS24108V Cut-Off Yield is 3.74%, this time round just 2 basis points above the projected cut-off yield based on Polynomial Trendline, and 1 basis point above the upper boundary based on Yield Premium Projection.
Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
Yield Premium Projection
The updated 6-Month T-Bill vs 12-Week MAS Bill Yield chart and the T-Bill Yield Premium Statistics table are shown below:
The cut-off yield of ML24116A is 3.92%. Considering the average yield premium of -0.24% and standard deviation of 0.11% in 2024 so far, the projected cut-off-yield for BS24108V would be:
The updated Polynomial Trendline Projection chart is shown here:
Based on this trendline projection method and the standard deviation of T-bill cut-off yield at 0.09% (refer to the T-Bill Yield Premium Statistics table) in 2024, the projected cut-off-yield for BS24108V would be:
BS24107N Cut-Off Yield is 3.75%, this time round hit the upper boundary of the projected yield range based on Polynomial Trendline Projection, and slightly above the range based on Yield Premium Projection.
Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
Yield Premium Projection
The updated 6-Month T-Bill vs 12-Week MAS Bill Yield chart and the T-Bill Yield Premium Statistics table:
The cut-off yield of ML24114N is 3.88%. Considering the average yield premium of -0.26% and standard deviation of 0.11% in 2024 so far, the projected cut-off-yield for BS24107N would be:
The updated Polynomial Trendline Projection chart:
Based on this trendline projection method and the standard deviation of T-bill cut-off yield at 0.09% (refer to the T-Bill Yield Premium Statistics table) in 2024, the projected cut-off-yield for BS24107N would be:
Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
LUNA 2.0 Airdrop Update – March 2024
Tokenize Exchange continued to credit the LUNA 2.0 airdrop on 9 March 2024 as scheduled.
Performance Update
Here are the charts of the 4 crypto coins in my portfolio as of end March 2024:
BTC broke above the 66,000 resistance level and previous All Time High (ATH) at about 69,000. That means it went into a no-man land, so I added Fibonacci Extension (FibExt) to BTC chart to get a feel of how high it can reach. Within March 2024, BTC hit the new ATH at about 73,700, then retraced and rebounded between the 100% and 138.2% FibExt levels.
I also added FibExt to ETH and SOL charts. Unlike BTC, both ETH and SOL haven’t reached previous ATH, potentially more room for them to rally. ETH managed to reach almost the 161.8% FibExt level at about 4100, then retrieved and rebounded to stay above the support level 3,500. SOL didn’t reach 138.2% FibExt level at about 220, but still managed to stay about support level 180.
All these 3 coins performed very well in March 2024. The retracement after hitting recent high was the temporary breather I mentioned in my February 2024 crypto update. I believe the bull is still intact, and I have set up some limit sell orders on BTC, ETH and TKX to capture some partial profits.
My crypto portfolio performance as of 31 March 2024:
The good performance in March 2024 had improved all returns numbers, and the crypto portfolio allocation had moved beyond 8%. SOL is the only coin in the red, but its loss had pared down to under 2%. Good chance that SOL may turn positive in April 2024. We shall see.
Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
Performance Update
Here is the March 2024 Performance Update:
Another month of positive performance for the 5 robo advisors’ portfolios and the 3 benchmark indices. Except for Syfe monthly returns lagging slightly behind S&P 500, this month we saw that robo advisors’ portfolios performed better than the indices. StashAway managed to turn positive in terms of XIRR since inception.
Key Observations
All 5 robo advisors and 3 benchmark indices showed positive monthly returns in March 2024.
SquirrelSave had the highest monthly returns among the robo advisors.
StashAway just turned positive in terms of XIRR since inception.
Endowus marched above 6% in terms of XIRR since inception.
SquirrelSave was the only robo advisor remained in negative territory in terms of XIRR since inception.
Personal Wealth Life Cycle Management (PWLCM) 