Final Berserker Rage Of 2022

 Last trading day of 2022.

I lost 20K.

USDJPY long just didn’t work out.

OMG.

Eat grass liao.

What a shitty way to end my trading for 2022.

So sad.

Saxo Outrageous Predictions 2023

 Term The War Economy.

2023's Saxo Outrageous Predictions has got something I hold dear.

A prediction that USDJPY will hit 200!

I've lost and earned a lot from USDJPY over the year.

So a nice holding position to take USDJPY to 200 would be really perfect!

Read more of the Saxo Outrageous Predictions here!

Kevin Magnussen & Saxo F1 Meet The Driver

 We had our Meet The Driver event after so many years (previously we did it with Romain Grosjean).

This time around, we held it at our new Saxo office with F1 car simulators around. 

So clients got to race against Kevin Magnussen as he set the best lap record in the house.

It was a fantastic event and I even got a selfie with him!

Good luck in your F1 career Kevin!

PSNY PE Update

 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.

Not Much Investing Lately

 After a really lousy start to November, I’ve toned down my investing for the month.

Still tempted to get into USDJPY but maybe I’ll wait till after my holiday.

I think there is gonna be a Santa Claus rally, as they call it.

Probably market will tank only AFTER the new year.

For now, just making merry and hoping PSNY soars.

Second Berserker Rage Of 2022

 Sheesh.

When it rains, it pours.

So quickly went crazy again, this time on FX.

Had taken a view than Liz Truss’ resignation would help pump GBPUSD. Instead it tanked due to all this leadership turmoil. Lost $500.

That same evening, went to long USDJPY at its high of 151.80.

What a joke.

BOJ intervention came in just a few hours later, sending it to as low as 146.20. OMG.

At one point I was down 5K+.

Managed to recover to lose ‘only’ 2.8K.

Ouch.

I need to stop this bleeding any further.

First Berserker Rage Of 2022

 Dammit.

Was hoping to avoid this all year.

Last CPI data came out and the US markets tanked 2% right at open.

I shorted the market.

But the market then slowly recovered and ultimately turned green! Up 2% instead!

What a 4% swing!

I ended up losing SGD 3.5K.

Dammit!

Rising Interest Rate Environment

 This is the third consecutive hike of the Fed Funds Rate by 75bp, bring rates to 3% now.

Singapore will soon follow.

With the dot plot predicting the Fed Funds Rate to be around 4-4.5%, we should expect more rate hikes in the next two quarters.

Where does that leave us?

The stock market is tanking really badly, USD is so strong against everything, meaning bye bye gold and crypto.

Best bets are treasuries and fixed deposits.

Clear whatever loan you can too.

Small DCAs into equity portfolios.

Save cash next six months so that you can:

A) further pay up any loans where interest rates are going up too quickly

B) place into fixed deposits yielding >4%

C) buy equities on the cheap

The S&P 500 is testing the June 2022 lows near 3600. From its all time high in Jan 2022 of 4800, that has been a huge nine month drop. Once 3600 breaks, we could even see 2900 and below.

Will it rebound?

Not likely as the fundamentals have not changed. Interest rates are still rising, inflation is still too high, there is quantitative tightening going on, and the economy has not felt the full brunt of many of the recent measures yet.

Stay safe out there.

Saxo Bank Considers Euronext Amsterdam Listing

 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

Die With Zero

  Been seeing this book recommended a lot lately.

A lot of interesting concepts.

Read the summary here.

Here are the nine main points:

1. Maximize your positive life experiences 
2. Start investing in experiences early
3. Aim to die with zero
4. Use all available tools to help you die with zero
5. Give money to your children or to charity when it has the most impact
6. Don’t live your life on autopilot 
7. Think of your life as distinct seasons
8. Know when to stop growing your wealth
9. Take your biggest risks when you have little to lose