I've lost too much money this year already.
The turbulent and volatile markets caused by COVID-19 have decimated my stock portfolio.
At the same time my own speculative bets on the market indexes have all ended up with hefty losses.
I've probably lost about $30K this year already on speculative bets, and another $50K on my stock portfolio.
It really hurts.
But I do feel like things could have been a lot worse for me.
Anyway all this bleeding has to stop.
I've decided to take a trading break for the next full month.
Hopefully I can remain disciplined and not end up funding my trading accounts by credit card again to gamble.
It's time to shore up my finances once more, even if it means I don't invest much any more for the rest of the year.
Monday, 25 May 2020
Thursday, 7 May 2020
My Saxo P&L 2020 April
Wow what a terrible month April has been for me in trading.
With this >10K loss, I have surpassed the cumulative total I've lost ever since this tracking was done!
Horrendous!
No idea how to recover from this.
Just hope that the losses won't get worse than they are now.
With this >10K loss, I have surpassed the cumulative total I've lost ever since this tracking was done!
Horrendous!
No idea how to recover from this.
Just hope that the losses won't get worse than they are now.
2020 Dividend Accumulator April
So April is the month I'm hardly earning any dividends.
Will have to start from scratch all over again.
Projectively it doesn't look too difficult to reach the type of AUM I had prior to the big drop and market low of March 23rd, it might take me a year or so.
That said, the dividends have now slowed to a trickle and will likely be so for the months ahead.
There might be months which I'd get zero maybe?
02 April $41.84
03 April $22.03
08 April $190.57
20 April $3.39
Total Dividends for April: $257.83
Total Dividends for 2020: $2,732.88
Average per Month: $227,74
Will have to start from scratch all over again.
Projectively it doesn't look too difficult to reach the type of AUM I had prior to the big drop and market low of March 23rd, it might take me a year or so.
That said, the dividends have now slowed to a trickle and will likely be so for the months ahead.
There might be months which I'd get zero maybe?
02 April $41.84
03 April $22.03
08 April $190.57
20 April $3.39
Total Dividends for April: $257.83
Total Dividends for 2020: $2,732.88
Average per Month: $227,74
Friday, 10 April 2020
The Weirdness Of Coronavirus Markets
So in the midst of this COVID-19 situation, we can see clearly how bad this virus situation is doing to the economy, jobs and livelihoods.
The US reported their latest jobless claims numbers and there are 16 million jobless people in the US now.
Yes the stock markets continue to surge up from their 23rd March lows.
It is dumbfounding and doesn't make sense.
Is there so much helicopter money poured in by the US government that all reality is ignored?
I don't know.
But this is the clearest example of the rich only getting richer and the poor only getting poorer.
People who cannot dabble in the stock market are basically dead.
Those who have the money will still lose if you've sold off the bulk of your portfolios and don't dare to go into this market for fear that it is a ultra optimistic dead cat bounce. Like me.
Only those who have had the guts to pour it all in at the timeliest (maybe about a week ago) have been able to prosper.
Even those who have done nothing are still seeing about 20% down from their portfolio values.
Oh well.
HUAT AH!
The US reported their latest jobless claims numbers and there are 16 million jobless people in the US now.
Yes the stock markets continue to surge up from their 23rd March lows.
It is dumbfounding and doesn't make sense.
Is there so much helicopter money poured in by the US government that all reality is ignored?
I don't know.
But this is the clearest example of the rich only getting richer and the poor only getting poorer.
People who cannot dabble in the stock market are basically dead.
Those who have the money will still lose if you've sold off the bulk of your portfolios and don't dare to go into this market for fear that it is a ultra optimistic dead cat bounce. Like me.
Only those who have had the guts to pour it all in at the timeliest (maybe about a week ago) have been able to prosper.
Even those who have done nothing are still seeing about 20% down from their portfolio values.
Oh well.
HUAT AH!
My Saxo P&L 2020 March
Green in March!
Not too bad, albeit unable to recoup the loses in Jan and Feb.
Was hoping to continue this trend into April, but in the first 10 days of April I am already down almost 7K.
So much for continuation.
March has tons of volatility to play with.
It was also very easy to get carried away.
I had a few near berserker rages again.
Ah well.
Hope to huat and make up for all these loses over time.
Not too bad, albeit unable to recoup the loses in Jan and Feb.
Was hoping to continue this trend into April, but in the first 10 days of April I am already down almost 7K.
So much for continuation.
March has tons of volatility to play with.
It was also very easy to get carried away.
I had a few near berserker rages again.
Ah well.
Hope to huat and make up for all these loses over time.
2020 Dividend Accumulator March
March was the worst month ever in the history of my dividend portfolio.
And with that, I liquidated a very big portion of my portfolio while things were on the way down.
Along the way, four of my biggest dividend machines (MRRL, MORL, REML, SMHB) basically died (ETNs that got called or delisted)
So much for earning dividends anymore.
What's left to come will be dribs and drabs.
I'm not sure how long it will take for me to get back to that same level of dividend payouts.
Not even sure if 12 months is sufficient but let's see.
That said, in March I still received a little bit of leftovers of dividends declared in Feb.
So only in April will the poor payouts be reflected.
02 March $92.53
04 March $22.06
12 March $20.18
13 March $12.03
24 March $36.92
24 March $40.73
24 March $34.99
24 March $27.81
27 March $150.00
Total Dividends for March: $437.25
Total Dividends for 2020: $2,475.05
Average per Month: $206.25
And with that, I liquidated a very big portion of my portfolio while things were on the way down.
Along the way, four of my biggest dividend machines (MRRL, MORL, REML, SMHB) basically died (ETNs that got called or delisted)
So much for earning dividends anymore.
What's left to come will be dribs and drabs.
I'm not sure how long it will take for me to get back to that same level of dividend payouts.
Not even sure if 12 months is sufficient but let's see.
That said, in March I still received a little bit of leftovers of dividends declared in Feb.
So only in April will the poor payouts be reflected.
02 March $92.53
04 March $22.06
12 March $20.18
13 March $12.03
24 March $36.92
24 March $40.73
24 March $34.99
24 March $27.81
27 March $150.00
Total Dividends for March: $437.25
Total Dividends for 2020: $2,475.05
Average per Month: $206.25
Wednesday, 25 March 2020
COVID-19 Has Taken Over Our Lives
Haven't blogged for a while.
I'm not too sure why, but I definitely have been spending more time at home.
On the home front, all is well. More time at home = more time with kids and family. Becoming more of a homebody, preferring to stay at home and do a bit of house chores here and there. Or work till late hours just because we all can now.
On the work front, things are super busy. Good busy. More people staying at home + volatile markets means more people want opening new accounts and more people trading. Company is on a 50-50 split, one week Work From Home, one week work in the office. If things get worse then we might end up in a 100% WFH situation.
On the investment front, this is where things get super ugly. The markets are in total turmoil. Daily 1-2% up or down is nothing, several days of limit ups and downs (5%). My personal portfolio is terrible. I've lost about 40% of my whole portfolio from this sudden drop. I see the situation getting worse and have cut my losses when I see the chance to. Money can be earned back, I try not to be too hard on myself.
COVID-19 has changed the way we live our lives.
Singapore is currently on partial lockdown already with many businesses closed, we've barred entry to foreigners, everyone has to social distance themselves or stay at home to keep safe.
This is probably the worst global crisis we will ever face in our lives, and this is just the beginning.
I wonder how this will end?
I'm not too sure why, but I definitely have been spending more time at home.
On the home front, all is well. More time at home = more time with kids and family. Becoming more of a homebody, preferring to stay at home and do a bit of house chores here and there. Or work till late hours just because we all can now.
On the work front, things are super busy. Good busy. More people staying at home + volatile markets means more people want opening new accounts and more people trading. Company is on a 50-50 split, one week Work From Home, one week work in the office. If things get worse then we might end up in a 100% WFH situation.
On the investment front, this is where things get super ugly. The markets are in total turmoil. Daily 1-2% up or down is nothing, several days of limit ups and downs (5%). My personal portfolio is terrible. I've lost about 40% of my whole portfolio from this sudden drop. I see the situation getting worse and have cut my losses when I see the chance to. Money can be earned back, I try not to be too hard on myself.
COVID-19 has changed the way we live our lives.
Singapore is currently on partial lockdown already with many businesses closed, we've barred entry to foreigners, everyone has to social distance themselves or stay at home to keep safe.
This is probably the worst global crisis we will ever face in our lives, and this is just the beginning.
I wonder how this will end?
Saturday, 7 March 2020
My Saxo P&L 2020 February
The red ink just continues.
Not sure how to stem it, especially with markets so volatile now.
Trying to get green in March.
February was just abysmal.
Not sure how to stem it, especially with markets so volatile now.
Trying to get green in March.
February was just abysmal.
2020 Dividend Accumulator February
As COVID-19 ravages the markets, and indices all go into freefall, I am expecting my monthly dividend returns to go down.
Feb has been a very dry month for dividends. Here's to a better March.
That said, I'm still hoping that monthly dividends are decent!
HUAT AH!!!
05 February $21.29
13 February $19.47
18 February $68.57
24 February $9.78
25 February $19.69
25 February $22.92
25 February $30.66
26 February $19.87
28 February $108.85
Total Dividends for February: $321.10
Total Dividends for 2020: $2,037.8
Average per Month: $169.82
Feb has been a very dry month for dividends. Here's to a better March.
That said, I'm still hoping that monthly dividends are decent!
HUAT AH!!!
05 February $21.29
13 February $19.47
18 February $68.57
24 February $9.78
25 February $19.69
25 February $22.92
25 February $30.66
26 February $19.87
28 February $108.85
Total Dividends for February: $321.10
Total Dividends for 2020: $2,037.8
Average per Month: $169.82
COVID-19 And The Markets
The markets are in freefall mode with the COVID-19 coronavirus spreading throughout the world.
Things are really quite bad.
Hopefully they improve soon.
Things are really quite bad.
Hopefully they improve soon.
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