26 February 2021

The crazy spike

Trade open 23rd Feb, trade closed 25th Feb.

And I thought only crypto can pull off this feat. This is a stock. No no, that's not GameStop, although it's on fire too. 

Looks like the market is really supercharged. Or it's just pure dumb luck here?

Not Singapore's stock of course. Wait till neck long long then can get >10%.

One important thing to bear in mind - crazy spikes may precede equally crazy plunges. Just beware.


Quick update

I have opened an Endowus account. Previously I wasn't keen on using any robo advisor. So what made me changed my mind? 
Firstly, I want to put excess cash (rotting in bank account) into a vastly diversified portfolio with exposure to global funds, especially that of the emerging markets. Secondly, it is more time and effort efficient than DIY picking of individual stocks across different markets and pull hair over currencies conversion when purchasing them (aka when rising tide raise all boats, what's the point of doing individual stock picking?). Thirdly, it can auto-rebalance the portfolio for me.

The account opening process is quite fuss-free using SingPass. Investment can be made from cash, SRS or CPF (I shall not elaborate as you can read up the details on Endowus website or at Seedly, Financial Horse etc). What I like about this robo advisor is that we can customize our own fund mix and each fund's % allocation. We can also set up recurring investment to the "goals" (portfolio). Also, it charges a flat accessing fee of 0.4% with no trailing fees. In terms of fund / fund houses, there are a great many on the platform for you to choose from. Just have to be mindful of the management fee of each fund as it can vary a fair bit. 

So far the only downside that I have encountered is the fund transfer process seemed slow (>1 working day). (The cash amount for investment would first need to be transferred to your UOB Kay Hian trust account before appearing on the platform for you to invest.) However, it should not be a big problem since it is not a trading platform where time is of essence.

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13 February 2021

Happy CNY, what's in your Ang Pow?

It's a tradition that I will blog every CNY. It is chu er today, I am still having blogger (writer) block and can only offer a light bite here (brain food still in oven). Rest assure I have not retired from finance blogging, I was just taking a short break. 

Inspired by SMOL's recent comment, I would like to ask

What's in your Ang Pow?

Money of course la!

Opps I am afraid not... that's currency.


Now that you know the difference, next is to ask yourself - am I accumulating currency or money?

The rich sought money in many forms - properties, assets, gold, silver, cryptocurrencies... you get the idea. The rich know very well the difference between good and bad money. They know how to get their hands on the good money too and keep them.

In this year, I have a very simple resolution - I want to learn more about money. I should have some free time on my hands after I paused my current rat race. The resolution is simple enough, yet not that easy.

I also need to train up my mental tolerability and discipline during this period. Use mind power to chant


[Side note: Cryptocurrency seems overly-inflated now by the institutions. Will be interesting to see what they are going to do with the cryptos they hoarded. ]

Happy Niu Year and stay safe everyone!

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25 December 2020

Year end reflections 2020

This year has not been kind to many. Who would have predicted that the impact of the Wuhan virus can be more fatal and widespread than SARS? I can only say that we are really fortunate to be living in Singapore, where our government really took good measures against community virus spread and also took good financial care of its citizens hit by this economy seismic.

View from the MBS skypark

2020 has not been kind to my family either. My mom is deteriorating in her health, and stubborn as she is, refuses to heed anyone's healthcare advice (mine and doctor's included). The least I could do is to ensure she takes her medications and eats more veg. Having to work full-time, while caring for the family and doing household chores is becoming very robotic and tiring, bringing high stress but low level of happiness return. So I have decided to quit my job next year and work part-time instead. Devoting more of my time to my passions (whatever they are), self-care, family care and save myself from some angst.

I was half-joking with my friend at the beginning of the year, when talking about the topic of FIRE, that I will be forced into FIRE by my family. So now a partial FIRE? What prompted me to be more sure of my quitting decision is my nagging knee pain, not severe but it comes back now and then (from the tolling). My job is also one that doesn't provide much opportunity for growth and self-actualization. And at this juncture I also don't have much motivation to climb a corporate ladder. It's time I should climb my Maslow's hierarchy instead and go a bit YOLO while still young (we should aim not to run out of time before we run out of money, and paradoxically, the reverse). Always remember - we can't buy time and happiness with money, and sometimes even health. 

From 'The Personal MBS'

Budget wise I did not calculate to the cents, but I am confident that with less going out with friends, eating out and no going on overseas holidays, expenses have already much reduced. I could sustain a few years without my net worth getting eroded by inflation. By then, some personal and environmental circumstances might have changed. 

2020 is finally coming to an end. Time just quietly passes by without us noticing, although every action that we take does accumulate into repercussions that we would notice only too late in the future. Sometimes even opportunities, places and people, they just pass us by. I foresee next year might get more depressing but I shall try to get more things done. My mom is the biggest discourager in my life, so more time with her = more depressing. She would always "sing opposing song" to whatever I do. "It's no good to be investing, it's akin to gambling (absolutely not true, proven to her with 10 years track record). It's no good to travel abroad, it's dangerous (look what's real dangerous now). It's no good to buy a HDB, there will be oversupply and devaluation in future (hello, look what house we are staying in)." You get the drift, that's my mom for you. I am sure she will nag at me for being "out of job". As usual, I'll one-ear-in-one-ear-out.

Despite having a rough ride for stocks this year, I didn't fare too badly overall. I can finally announce as of Dec that I have recouped all my US trade losses from 2018. Yay, zero school fee paid to Mr US stock market! And my cryptos are now on freehold (I have taken back my invested capital). I counted myself lucky for cashing out XRP at a peak of $0.90 before the crash. For other updates, do refer to the previous post. I am considering DCA into a few ETFs (to be a bit more hands off cherry-picking stocks and saving time) in the coming years. Perhaps more details will be discussed next year.

An interesting read - Returns per unit of stress.

Ok, time to mop floor and then burn my weekend working.

Oh ya. Merry X'mas!

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