Monday, 25 March 2019

>$3 Billion

After almost 12 months of en bloc fever that I've written about here and here, all Mandarin Gardens managed to canvass was 65% of the votes approving the en bloc.

In a last ditch effort, they raised the sale price even higher! Meaning each unit would get even more money! Pity they didn't do this earlier as I might've been moved to sign away my home.

Too bad!

Wednesday, 13 March 2019

Third Berserker Rage Of 2019

OMG.

Another month into 2019, another berserker rage, bigger than ever.

Even after last month's big losses, I went into this trying to punt on the BREXIT saga currently unfolding. Losses were piled up on GBPJPY and somehow I just couldn't stop.

Yet again using IG Markets (they must love me as a client), I failed to control myself and kept going on maxed out positions with minimum stop loss in order to get maximum leverage.

In the end I lost a total of SGD4,260.

That's the same price as my upcoming Melbourne trip flight tickets.

Goodness, even trying to enforce an FX trading ban can't help me.

I really don't know what to do to stem these losses.

2019 has been especially bad for me. I've lost 2,500 + 2,820 + 4,260 = $9,580 already from these berserker rages.

My Saxo account is doing not much better, with a sitting $4K loss over there since the start of the year.

How?

I'm really lost now.

I want to say enough is enough and no more of this bullshit.

But when will the next berserker rage come?

Monday, 11 March 2019

Justin Fieber's FIRE Fund

Justin Fieber is the blogger who owns the site Mr Free At 33.

I am a big fan and he has really inspired me a lot.

He was the one who really introduced the FIRE concept to me, and one that I would like to emulate, albeit with a bit of tweaks. He's into Lean FIRE while I'm gunning for Fat FIRE.

I recently got hold of his latest portfolio which had 100+ stocks.

Hopefully can try to invest into a similar portfolio of good, valuable stocks like he has that can provide me with a healthy passive income.

His current portfolio is worth about USD$380K and giving him yearly dividends of about USD$13K, giving a yield of about 3+%. Really very decent stuff.

Sunday, 3 March 2019

My Saxo P&L 2019 February

A continuation to the terrible start to my year!

I'm already down ANOTHER $2K in February!

I REALLY need to stop trading for a while.

2019 Dividend Accumulator February

Because of the ongoing global uncertainty, I haven't have had much balls to pump my cash back into dividend paying stocks. My problem is that those that I have liquidated have continued to move up and so if I tried to buy now, I'd be paying an extra premium. Was I wrong to sell? Only time will tell.

Still it has been an ok month for dividends.

04 February $75.74
04 February $25.24
13 February $21.58
18 February $40.45

Total Dividends for January: $163.01

Total Dividends for 2018: $480.01
Average per Month: $40.00

Casino Wars

Funny that for a gambler like myself, I've managed to successfully keep myself out of the casino for quite a long period of time.

Then last week in the space of several days, I actually went on two occasions, meaning I had to pay the $100 Singaporean levy twice.

The first time, a friend and I lost $1,000 within half an hour, and then we spent the next three hours winning it all back. By the end of my night, I went home with a $50 profit.

The second time, thinking I could repeat the feat of a few days ago, I went with the big bosses of my company. By the end of my night, I went home with a $500 loss.

Casino gambling definitely is a loss-making venture for any individual.