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!
Friday, 10 April 2020
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
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