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I ended up living in Rental despite owning a Property in Singapore, and that is a good thing!
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I know, it's been a super long while since my last post. That's because I have given up on stocks with current drawdown of, so screw that liquidate all and put in the bank to rot. Just Kidding, Equity is still my favourite investment class, just dealing with numbers, charts, probabilities, and the minimal need for HUMAN INTERACTION to profit! Unfortunately it's been painful to see the big drawdowns recently, with the current inflation scare + Ukraine - Russia War, my Portfolio is REKT. B ut fortunately I have holding power (Never invest with 'HOT' money) and convinced that I am invested in fundamentally strong company. So it'll be fine in the long run ( I hope). Anyway I've been busy with my property journey of late, and I am glad I diversified into property. Being middle income working class at my age, I essentially have 1 chance at any given time to own the right property with the help of BANK LOAN. And this window of opportunity diminish as I grow
June 2021 - U.S. Stock market is my new Friend
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S&P500 is now back at a new All Time High, and so is Dow Jones Industrial Average and the Tech Heavy Nasdaq. Well basically all 3 major US indices are 🚀🚀 to the moon. S&P500 June 2021 S&P500 steadily inch upwards before taking a breather and dropping back to the 50 Moving Average for a day then bounce back and continue its upward ascent repeatedly making new all time high. This pisses me off so much, not because my portfolio took a dip, but I miss buying SPY when the dip happen cause I did not update my Limit order. So now my self managed ETF portfolio is still missing SPY. S&P500 dip and I missed it by a few $ 😑 Anyway, After a dissapointing performance by my favourite blue chips MAGAF for May. Most Big Tech went on a Bull run gaining >5%. And the stocks there are doing badly this June, are the Finance stock that was quite a hype in the past months. So you see, you keep chasing the hot new stocks that's mentioned in the news, sure you might make some mone
May 2021 Report - I am glad I did not go Full Crypto
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Ferry is a retail investor, March 2020 everything crash, there was no safe haven, Stocks crash, Bonds crash, Gold crash, Crypto Crash. He listened to the fear and doomsday scenario being spread around the news, He did not dare to invest any money in anything, and decide to liquidate his position and hold cash. Mid 2020 Stocks started rallying on possible V shape recovery. Ferry wanted to invest but there were talks of market going for double bottom, After all there is now a full blown pandemic worldwide and lock down everywhere, so he decided to wait. How could the market be rallying when everything has gone to shits? It's going to crash again! He watches a lot of Youtube videos of crash prediction, and he is convinced August 2020, S&P 500 index are hitting a new All time high, Again Ferry wanted to invest, but the US election is coming! so many uncertainty! What if the market crash again? So He decided to wait End 2020 S&P 500 ended up closing positive for the year despi
April 2021 Report - Should've just gone Full Crypto
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All hail the Dogefather Doge coin is going to the moon, giving a YTD return of more than 100x that's 10000% return! If only I am crazy enough to go full crypto and also be able to sleep peacefully at night 😅 Speaking of Crypto, I am trying out DFI token, more info here: Cake DFI At 100+% APY I just couldn't resist. part of DeFI Chain, team looks legit, I have marginal understanding of the whole Decentralised finance of cryptocurrency, so don't ask me for details. Anyway like any investment, Don't just look at the potential profit, Always ask what is the RISK ? For crypto, I think 80-90% loss is possible, because to me there is no fundamentals backing it, of course crypto expert may argue otherwise, but their definition of fundamentals tends to be different from the usual stock fundamentals. I've dumped $500 about a month ago now it is valued at $620. Not the best kind of investment considering the risk, and I think the whole Crypto is in a bubble, but when tha