Sharing my investment opinions/trade ideas as well as rationalizing them in words. All posts are personal opinions and do not constitute a recommendation to buy or sell any financial instrument, or to make any investments. Readers should do your own due diligence at all times.
Just received a small windfall.
Funny how things come along nicely.
Very grateful but it’s come right at the time when I might have one big expense upcoming.
So it is very timely.
I have to really derisk very aggressively.
Thinking of stopping all my margin trading altogether.
Just whack risky stocks at best. Search for more 2, 5, even 10 baggers.
Huat ah!
Aaaaaand the market is coming down.
The NASDAQ has reached 17,000 while flirting with ATH of 18,500 just a week ago.
NVDA was done 10% to $760 last night.
TSLA is at $147 last night too.
And this night just be the start.
Even after the war in the Middle East was deescalated.
War in Ukraine still ongoing. Hope Ukraine can find a way to win and soon.
Tensions in the Taiwan Straits rising. Hope nothing happens there.
But the real reason is this.
Markets are worried inflation is too sticky (I really told you so!).
That means we might NOT even have an interest rate cut this year, when stupid market was pricing in up to six cuts this year! How misaligned is that?!
USD Treasury debt is growing uncontrollably.
At this rate all industries relying on loans will struggle. The leveraged banks. Tech. IT. Property. REITs. BDCs.
Crypto is a conundrum. No one really knows what’s gonna happen after the halving. And that is happening tonight.
Gold is flying through the roof, hitting past $2,400 yesterday.
All I can say is to keep some powder dry and have some cash in hand to seize any good opportunities. It feels like volatility is coming back in quite a big way.
Good luck and stay safe!
Argh.
I feel so stupid.
Knew this would happen but I let it play out the way it did anyway.
Bet too heavy of ultra-leveraged USDJPY.
Kept feeling like the BOJ would intervene at some point.
Also kept pushing my stop too close so it was really easy to get stop-hunted.
And it happened.
Ended up losing $6K.
Ouch so painful :(
Feeling a little worried lately about global developments recently.
Ukraine seems to be losing the war against Russia the aggressor. In the war of attrition, it is already quite a miracle that they’ve held strong on for three years now, but they are beginning to lose ground quickly as more supporting countries turn more right winged.
Israel’s invasion of Gaza over Hamas’ Oct 7th atrocities has turn global moral opinion against them and now seems to be escalating wider with Iran and the US possibly drawn in.
Myanmar civil war where the resistance appears to be gaining ground is a positive thing considering the repressive junta. The junta’s recent law to draft conscripts is so worrying.
Philippines’ South China sea confrontations with China over their nine-dotted line claims appears to be escalating.
Trump looking more and more likely to win the coming US elections and then he’s going to cause a lot of havoc in global affairs such as stopping support for NATO, escalating trade wars with China and totally neglecting SEA. So worrying.
These current affairs make me think about how and what I need to do to position myself financially, mentally, emotionally and maybe even physically!
Boooooooo…
The best high yield savings account (HYSA) has been nerfed, but still quite good among the rest.
Probably in anticipation of interest rate cuts in the US, UOB has gone ahead to nerf their power HYSA, what a pity.
From earning 5% pa with a monthly average balance of $100K, now it has been reduced to earning 4% pa with a monthly average balance of $150K.
Sadly we can’t complain too much as there are not many better alternatives out there.
So I’ll still to it and pump some more savings that way.
The next best is still OCBC360 but it might be a matter of time before that one is nerfed too.
I know some have mentioned Maribank, but right now I use Trust as the third option. Maybe I’ll open an account with Maribank and try too.