Psychology Of A Market Cycle

This is very true!

31st IFTA Conference 2018

My company was one of the Gold sponsors of the 31st IFTA Conference 2018, held in Kuala Lumpur over last weekend.

IFTA stands for International Federation of Technical Analysts.

The event was so high profile, it was graced by Malaysian Prime Minister, Dr Mahathir Mohamad himself.

It was nice to have a sponsors' photo opportunity with him.

Some very good speakers and I was glad to be a part of this.

Prospect Capital (PSEC) Re-entry

I've invested in this US stock before and it is very high yielding, which is why it has always been attractive, even with the pitfalls that have plagued it.

See the various articles I have written here, here and here.

At it's 52-week low, it actually traded at the ultra low price of $5.51!

Now this latest article sums up why I'm back in at around $7.

Generally PSEC holds up well in a rising interest rate environment, which was why it hasn't been doing as well last few years.

Until now.

Now I will hold for a longer term and hopefully I can earn some capital gains along with the almost 11% monthly-paying dividend yield!

Huat ah!

Temasek Bonds - T2023

Who else is subscribed to this?

I'm not sure if there is a safer high-yielding Bond to buy right now.

At 2.7% coupon rate, this is nice to keep some cash that I don't need for the next 5 years.

Also something about Singapore pride to want to get a piece of this no matter how small, just so I can say I own Temasek Bonds :)

Fantastic effort by Temasek to liven up the local bond market.

Read more information about it here.

Gold (GLD)

Bought into the Gold ETF yesterday.

It does appear that the bull market is over.

Looking for Gold to break higher in the coming weeks.

Wise Words From The Sage Of Omaha

My Saxo PnL YTD 2018

Here's a snapshot of my PnL in my Saxo account since inception.

Really like the Saxo Account Management features.

Head and shoulders above the competition.

Interestingly, I have no positions in this account right now.

Short Tesla (TSLA) - Shorts Covered

So after I wrote that post.

Over that weekend, it was announced that the SEC had settled with Elon Musk.

Naturally when Monday opened, TSLA shares spiked.

I was lucky that I could get out with a slight profit, albeit losing the paper profit I carried over the weekend.

Oh well, tough luck, who would've thought they'd settle so quickly.

On to the next better trade idea!