Dammit
I thought I was over with these rage gambles.
Got caught out by some wild swings on USDJPY last two days.
Today Putin said something about the right to use nuclear arms and then USDJPY swung a whole big figure down, stopping my long position out from waaaaaaaaay below.
Lost $18K in total.
Dammit man.
Hopefully will see better days in gambling/investing as the year comes to an end.
And Donald Trump has won the 2024 US Elections.
By quite a landslide somemore!
In fact the Republicans have won the Presidency, the Senate, and the House of Representatives!
Not really looking forward to the circus to come in the next four years, but in warped way, we could all see this coming from quite a mile away. The world has been getting too woke and it is time to straighten up again.
Good luck to Europe that’s what I’ll say!
As much as the mainstream media hates to admit this, it seems like Trump winning the coming US Elections is a very real outcome.
Bookmakers are pricing him to win.
Many Financial Institutions appear to factor the chances of him winning is higher than that of Kamala Harris.
All this while most mainstream polls show them neck and neck.
In my mind if the bookmakers are giving him shorter odds to win at almost all swing states, then I think he’s got this in the bag, short of a monumental fuckup by Trump’s team.
The problem is that this guy is so shocking that there’s not much else that can shock the markets.
Much as I hate to say it, we should position ourselves accordingly where we can control things.
Short Europe
Short China
Short Allies
Short EVs except TSLA
Short Tech
Long Authoritarian
Long Gold
Long Crypto
Long TSLA
Long Energy
Who knows markets might take a short plunge but rally heavily again like his first term.
This is going to be a REALLY long four year for the rest of the free world if he wins the US Elections come Nov 5th.
God bless us all.
Here’s an interesting case study.
I’ve always wondered if it is really worth paying ABSD to own another property.
The issue here is that we have our current forever home in joint name.
Decoupling sounds mafan, but probably will save us some money since any Additional Buyer’s Stamp Duty (ABSD) is surely more expensive than the decoupling share purchase.
Then recently I chanced upon this unit at Siglap V, a tiny freehold condo which just got me thinking for fun.
The 500+sqft unit is trying to sell for $920K but is also asking for $3.2K monthly rent. A check on URA’s website shows me that last transaction of the same size was only $800K.
This means if I can get the unit for $800K and then subsequently rent it out at $3.2K, I actually earn a yield of 4.8%!
However if I factor in having to pay ABSD, which is currently 20%, that means I have to pay $960K for the unit. This translates to a rental yield of 4.0%.
Somehow it sounds not bad and it makes me a multiple property owner never again. This means paying the ABSD over the mafaness of decoupling might not be as sever?
Sure maybe I will end up having to pay more than $800K for the unit? Maybe I cannot get a rental of $3.2K and have to settle for less. I still have to pay maintenance and any charges for large expenses incurred by the unit, which will eat into my yield.
But still.
Is my math not mathing here?
Maybe go viewing for fun :)
Last week Saxo Singapore held our fantastic annual macro event, Saxo Unfiltered 2024, for our VIP clients and partners featuring the famous US investor, Jim Rogers! His insights into the markets ahead were really interesting and enlightening, peppered with his signature cheeky humour. Also great to hear the different speakers’ views and takes of the upcoming US Elections. A huge kudos to all our staff helping to make this monumental event in Singapore 🇸🇬 possible and special mention to our partners at CME Group for their strong and constant support.
#saxo #beinvested Saxo Bank
Been working in one single organization for the last 18 years.
I thanks my lucky stars I’ve got this champion with me.
Mr Eugene Wong.
We had an event recently where we had a coffee cart.
It was so very well received!
Check out our Saxo branded cold brews and cups!
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!
I did mention to wake me up when September ends early at the start of the month right?
Was expecting September to be a poor month.
Little did I realize that all things considered, I’m at the point of my highest networth ever.
No need to go into further detail but I guess that’s a good thing?
Of course still aiming to grow it exponentially much more.
Yet I ought to take a bit of time to appreciate these little things once in a while, especially in the hustle and bustle of corporate rat race where mine has become so chaotic.
Here’s to a better life ahead and even more wealth!
I’m probably gonna jinx it with this post.
This month’s been quite good so far.
Staying away from FX.
NASDAQ swing trading has been doing well.
PSNY is pumping like up >100% in two weeks!
Other stocks are doing well.
STI closing in on all time high!
Recently bought into INTC too.
Hopefully more $$$ to come!
Huat ah!