BTC $100K

 One of my brightest investments.

It is currently hovering around $99K, probably will hit the $100K mark next week.

Let’s see.

But this is pretty cool if I keep it for longer right?

Singapore Fintech Festival 2024

  Another year, another power booth by Saxo.

This year wasn’t as crowded as last year, but still a very large event for everyone.

Fifth Berserker Rage Of 2024

 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.

Trump Has Won

  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!

Trump Might Be Winning

 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.

Is It Worth It To Pay ABSD?

 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 :)

Saxo Unfiltered 2024

  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 

18 Years In One Company

  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.

Saxo Coffee

  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!

Polestar 4 Has Arrived

  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!