Portfolio Review Edition #3: Data is Calmer Than Feelings

Every weekend, I have a little ritual that I’ve consistently kept up for the past few months: sitting down with a notebook, opening each investment position one by one, and tracking the results by hand.

It’s not just about opening an app and scrolling. It’s about actually calculating, comparing, and reflecting.

Today, May 16, 2026, marks the third weekly review for this month. And this week, the story plays out a bit differently—after hitting my best performance on May 9 (+25.45%), my main portfolio corrected down to +18.49%.

Did I panic? I shouldn’t have. But if I’m being completely honest, I felt pretty annoyed too, even though I have the data. I choose to trust the data because, as usual, data is calmer than feelings.

📊 Category 1: Future Investment (No Time Limit)

Initial Capital: $7,179
Instruments: Pluang · Tokocrypto · Leverage Account

Instrument	05/01/2026	05/09/2026	05/16/2026
Pluang	$6,071	$6,758	$6,529
Tokocrypto	$1,145	$1,249	$1,237
Leverage Account	$326	$584	$367
Total	$7,600	$8,620	$8,133
Profit/Loss	+10.59%	+25.45%	+18.49%

Overall, this category remains highly positive. The value grew from the initial capital of $7,179 to $8,133—an increase of more than $1,260 in nominal asset growth.

But there are a couple of interesting takeaways from this week:

⚡ The Leverage Account is both the star and the culprit. In a single week, it skyrocketed from $326 to $584—a nearly 77% jump. Then, this week, it dropped back down to $361. This is exactly the nature of leverage: massive potential, massive risk. Based on my personal risk management, high-volatility instruments like this must be tightly monitored with clear boundary rules.
🥇 Pluang remains the anchor of this portfolio. Holding the largest value with much more stable movements, Pluang is the foundation keeping the portfolio green even when other instruments fluctuate sharply.

💳 Category 2: Handle Interest — Consumer Loans (15 Years)

Capital: $4,487
Instrument: Domestic Stocks on the Bareksa Platform

Instrument	05/01/2026	05/09/2026	05/16/2026
Bareksa	$3,769	$3,855	$3,671
Profit/Loss	-12.23%	-10.21%	-14.58%

This is the bucket that demands the most honesty to write down.

The specific goal of this category isn’t to chase aggressive capital gains—rather, it’s an asset allocation strategy to cover the interest burden of a long-term, 15-year consumer loan. Therefore, the metric of success here is measured by its ability to offset inflation and interest obligations, not just daily profits.

However, this three-week consecutive negative trend needs to be closely watched. Slipping from -10.21% on May 9, it has now widened to -14.58%. Given that I use the stock feature on Bareksa, the volatility here is naturally higher compared to mutual funds. This downward trend signals that my choice of stock tickers or entry timing hasn’t been optimal enough to generate returns that can match the ongoing interest obligations.

📈 Category 3: Short-Term Investment (Less than 5 Years)

Capital: $4,966
Instrument: IPOT

Instrument	05/01/2026	05/09/2026	05/16/2026
IPOT	$4,444	$4,851	$4,696
Profit/Loss	-6.54%	+2.00%	-0.96%

IPOT’s (domestic stocks) journey this week was the most dramatic from a narrative standpoint: it briefly turned green on May 9 (+2%), only to slip slightly back into the red on May 16 (-0.96%).

But looking at the longer-term trend, things are actually improving—moving from -6.54% at the beginning of May to -0.96% today. The correction from May 9 was most likely influenced by macro conditions in the domestic stock market (IHSG), which is currently in a healthy consolidation phase. Technically, this movement is still well within my short-term risk tolerance.

🔭 The Big Picture: Three Portfolios, One Vision

Total Assets Under Management This Week: $16,552
Total Overall Capital: $16,632

Overall, the net value is still close to capital—even though two out of the three categories are currently in the red.

But it’s crucial to remember: these three categories have completely different goals and time horizons.

Category 1 → Long-term growth with no time limit (targeting the compounding effect).
Category 2 → Handling loan interest burdens (focusing on cash flow stability).
Category 3 → Specific short-term targets (< 5 years) (high liquidity).

Comparing their percentages directly is an analytical mistake. What matters most in portfolio management is ensuring that each asset works according to its function in our broader financial master plan.

“A healthy portfolio isn’t one where every single instrument is green—it’s one where every part works according to its role and the planned risk mitigation.”

📝 Three Things I Noted This Week

Don’t fall in love with peak numbers. On May 9, the total future portfolio hit +25.45%. A beautiful number. But I’ve learned not to make it an emotional benchmark. The correction to +18.49% isn’t a setback—it’s market normalization.
Leverage needs stricter rules. Up 77% in a week, then a sharp drop. This isn’t a crisis—but it is a reminder that leverage positions must have a tight trading plan with stop-loss and take-profit limits before entering, not after the position is already running.
Bareksa needs a deeper evaluation. Three consecutive weeks of negative trends with widening gaps is a signal that cannot be ignored. Next week, I will do a deep dive into the product fact sheets to audit the asset composition inside.

This review isn’t about showing off numbers—it’s about training oneself to be entirely honest about one’s own financial condition, every single week, without exception.

Building financial transparency, even when the market is red, is the best way to cultivate a healthy investment psychology. If you are also managing an independent portfolio, let’s make this evaluation process a part of our weekly discipline.

Until the next review. ☕📒

— Noted by hand. Reviewed with a clear mind. May 16, 2026.

(Note on Conversions: Values for initial capital have been converted using the January 1, 2026 exchange rate of $1 \text{ USD} = 16,715 \text{ IDR}$. All tracking data, current portfolio balances, and total assets under management have been converted using the May 16, 2026 exchange rate of $1 \text{ USD} = 17,460 \text{ IDR}$).