Did an event with Polestar recently.
Polestar is distributed by Wearnes here in Singapore.
Previously only the Polestar 2 was available but now both the 3 and 4 are launched and the Polestar 4 is first to be made available here.
It is such a beautiful car and as a PSNY shareholder, I wholeheartedly approve.
On to greater heights for PSNY please!
One of my worst investments ever!
In a good year for me financially, this has continued to turn in a fail report card as it just keeps sliding down to oblivion.
Mind you, this was once my largest single investment for a good while. Today it is but a mid table investment that I might have to write off.
Pui!
This is really a tough year for me.
That PE I invested in Polestar, has lost 70% in value.
Then I keep going on these stupid trade loses which are just downright wasting money.
Right after my sixth berserker rage, I put in another crazy large sized same short trade in the NASDAQ hoping for a hawkish Fed rate hike surprise.
And of course that is contrary to the market’s reaction.
I’ve lost another 14K.
Geez.
I really don’t know how to stop.
As you would know, I hold a really large position of PSNY since IPO.
On Friday it hit a low of $3.71.
Like WTF man, I have lost more than half of my original investment in Polestar.
Really BBQ liao haiz.
Hopefully it can survive this global banking crisis.
Remember we got into this PE final round for Polestar?
We’ve finally received the shares.
Alas PSNY is trading so poorly that we are SO in the red.
Damn sad.
My first private equity investment and it’s become a long term hold.
This was supposed to be our HUAT opportunity!
EV stocks have really been pummelled since interest rates began going up.
Shucks.
Read the public article here.
Hopefully won’t take too long.
Will be great for the whole organization.
Super happy we’ve come this far after so long.
What better way to announce it than during Saxo’s own 30th anniversary party!
#beinvested
Polestar is finally listed on the NASDAQ.
Ticker is PSNY
Hope to see it skyrocket!
To the moon!!!
HUAT AH!!!
No changes to the Gainers.
My losers continue to change as I trade mainly the CFD Indices which almost always end up at a loss.
Damn sad lah.
So my losses in the Dow (US 30 Wall Street) got worse, while my losses in the NASDAQ surpassed my previous number three, GameStop.
Sad lah.
Huge drop in my NORTHPOLE losses though thanks to USDSGD gains.
September was no better.
I dabbled a little in CFD Indices and lost yet again.
It always ends in a loss.
:'(
In the end, the USDSGD gains on my NORTHPOLE PE holdings ended up helping me with the extensive gains.
One major change since the last update last month.
Managed to make a little bit from Conbase to let it surpass Sembcorp Marine into the top 3!
The rest still mainly the same.
It makes me sad to see the huge loss from the Private Equity investment.
Need to earn better profits going into the final quarter of the year.
August wasn't terrible.
In fact I had hardly any trading activity aside from the Polestar Private Equity investment.
Problem was the USDSGD rate deteriorated and caused a loss.
Sad.
So there is quite a shake-up going into this latest update.
Two months makes a little bit of difference and since this list is dynamic, meaning losers can turn to winners if I trade them again and be profitable and vice versa, there's always hope to improve things.
One thing I surely cannot improve on is the Polestar investment, where the fees were booked as trading losses. Still, I am very hopeful that this trade will be one of the most profitable trades in my life :)
HUAT AH!
So, just like that, NORTHPOLE will likely remain the biggest loss of this year.
No changes to biggest winners unfortunately.
Biggest losers, have seen the previous top two drop to second and third respectively, and I added more losses in the Dow30 CFD Index.
Need to stop the gambling bit in my trading!
Yeah so I skipped two months of reporting.
You can see my poor performance from below nonetheless.
May simply got worse and worse because I went back to playing with CFD Indices as well as Crypto trading.
I kept losing money shorting the NASDAQ and the volatility of Crypto trading.
In June I kinda picked things up a bit by reducing my gambling streak by basically NOT GAMBLING AT ALL.
End up making a little bit of money which was great.
July continued in the same vein, but due to my investment into Polestar, my first foray into private equity, the fees were charged as a trading loss.
Not sure why that is but nothing much I can do about it.
Yet considering the net charges off Polestar was $12.7K, and my published loss was $11.6K, it actually means that I was in the green of around $1.1K.
Not bad in light of things.
Hopefully my trading continues to improve from here.
So recently we made a small investment into this Electric Vehicle (EV) company called Polestar.
According to Wikipedia:
Polestar is a Swedish automotive brand established in 1996 by Volvo Cars' partner Flash/Polestar Racing and acquired in 2015 by the former. It is owned by Volvo Cars and by extension its parent company Geely. Geely describes the brand as "independent" from 2017 onwards and "co-owned" by it and Volvo Cars.
Now we are awaiting for Polestar to IPO.
Hopefully it will fly high high and make me rich hahaha.
Then we can use the proceeds to buy ourselves a Polestar car!
Move aside Tesla, it is time for Polestar to shine!
And Polestar will be retailing in Singapore from October!