
And therefore I have sailed the seas and come
W. B. Yeats, Sailing to Byzantium
To the holy city of Byzantium
This is my ninety-first monthly portfolio update. I complete this regular update to check progress against my goal.
Portfolio goal
My objective is to maintain a portfolio of at least $2,870,000. This should be capable of producing an annual income from total portfolio returns of about $99,000 (in 2024 dollars).
This portfolio objective is based on an assumed safe withdrawal rate of 3.45 per cent.
A secondary focus will be achieving the minimum equity target of $2,300,000.
Portfolio summary
Vanguard Lifestrategy High Growth Fund | $852,923 |
Vanguard Lifestrategy Growth Fund | $43,791 |
Vanguard Lifestrategy Balanced Fund | $77,301 |
Vanguard Diversified Bonds Fund | $89,201 |
Vanguard Australian Shares ETF (VAS) | $524,203 |
Vanguard International Shares ETF (VGS) | $730,180 |
Betashares Australia 200 ETF (A200) | $303,515 |
Telstra shares (TLS) | $1,929 |
Insurance Australia Group shares (IAG) | $9,046 |
NIB Holdings shares (NHF) | $8,820 |
Gold ETF (GOLD.ASX) | $157,415 |
Secured physical gold | $24,605 |
Bitcoin | $1,009,797 |
Raiz app (Aggressive portfolio) | $23,565 |
Spaceship Voyager app (Index portfolio) | $4,011 |
BrickX (P2P rental real estate) | $4,552 |
Plenti Capital Notes Market Loan | $34,000 |
Total portfolio value | $3,898,854 (-$64,355) |
Asset allocation
Australian shares | 30.9% |
Global shares | 29.0% |
Emerging market shares | 1.2% |
International small companies | 1.5% |
Total international shares | 31.7% |
Total shares | 62.6.% (-17.4%) |
Total property securities | 0.1% (+0.1%) |
Australian bonds | 2.7% |
International bonds | 4.1% |
Total bonds | 6.7% (+1.7%) |
Gold | 4.7% |
Bitcoin | 25.9% |
Gold and alternatives | 30.6% (+15.6%) |
Presented visually, the pie chart below is a high-level view of the current asset allocation of the portfolio.

Comments
This month an important series of benchmarks were narrowly passed, despite a fall in the overall portfolio headline of over $64,000.
The portfolio has now passed its target level, when only traditional financial assets are counted.
Previously – taking into account the substantial current value of Bitcoin holdings – the overall target was easily met, but from this month, even excluding the entire value of these volatile holdings, the target has been met.
In other words, assessed as a more conventional portfolio, the journey of asset accumulation has this month reached its notional end point.

It did this through some small movements in Australian shares, and through a slightly larger growth in the value of international equities (around 2.4 per cent).
Gold continued to fall slightly this month, and there was significant fall in the value of Bitcoin holdings – of around 12 per cent. Bonds produced a capital gain of around 1 per cent.

This month I invested some surplus funds, which would in the past have been invested in equity index funds, into a further purchase of Plenti Capital Notes, at an approximate yield of 9.0 per cent.
It deserves noting that yields of this kind are not offered without an appreciable risk to the capital. At this stage and in my personal circumstances, however, this is a useful relatively short-term vehicle for funds I am happy to put at some risk, and which I have no need to access.
Continue reading “Monthly Portfolio Report – June 2024”