Russian invaded Ukraine five days ago.
It caused the markets to tank.
Now Ukraine's managed to hold out longer than expected.
Wonder how long they can hold out, yet the majority of the free world is on their side.
Hopefully they will prevail.
Russia is severely hit by sanctions.
Oil is up.
Gold is up.
Crypto is making a slight comeback.
USD is up.
As we start the new year, a sizable market correction is upon us.
Last week was one of the worst weeks in the US markets, with many stocks down more than 10%.
The crypto market fared even worse, with Bitcoin currently at 35K.
As more expectations of the US interest rates rises (3 expected this year), and Fed tapering by March, it is quite expected that markets are getting very jittery.
In fact I’m of the view that considering that the US basically printed 40% of extra USD in circulation in the last two years alone, the US has definitely a lot to pull back on.
This means that with its tapering, the market is purely left to market forces PLUS the Fed taking money out of the system. Which means a chunk of money in stocks surely exiting.
Does this mean the market is sure to drop for the next few months?
I unfortunately think so.
Stay safe, and hold cash.
The best trade in the second half of this year might just be a high yielding fixed deposit.
I have started cryptocurrency accounts now, and slowly building up some exposure to various cryptocurrencies.
I'm currently using CoinHako as my main broker/wallet and Crypto.com as my secondary one.
Main coins I've plowed money in are BTC, ETH, SOL and DOT.
Hopefully then keep growing in value!
What a crummy year 2021 has been on this front.
My biggest losses since inception of these statistics in 2016.
Ended the year down $43.5K what a joke.
Hopefully I make it all back in 2022.
I also haven't been very disciplined with blogging on this blog.
So moving forward I think I'll just stop these monthly posts, since they're very similar content and I'm always late to post anyway.
Anyways.
Here's my more profitable trades and my biggest losses. Just look at how big my losses were.
Then here's a breakdown of all my losses by asset class AND over the course of the year haha. Everything I touch also loses money. Geez.
And here are my final stats overall.
Since my biggest loss of 2021, I've really stayed away from all speculative and gambling type of investments.
Pretty chuffed to have been able to achieve that to be honest.
Hopefully 2022 will be a better year for me.
I've written off 2021 from a personal investing standpoint, my loses have been the worst in the last five years.
So sad.
Since Facebook changed its name to Meta, a lot of attention has been on the metaverse.
Remember Ready Player One the movie?
Yeah something like that.
Only how to invest?
Recently got in to MANA, SAND, ENJ.
That's how.
Bloody hell.
Just because I read so many energy shortage reports and the spiking cost of energy.
I totally FOMO-ed and ended up buying a 2X Natural Gas ETF.
RIGHT AT THE ALL TIME HIGH.
Then it crashed.
In the end, an overnight of folly cost me $2K.
Bloody hell.
See below's chart.
I went long at that almost 6.50 mark.
DAMMIT!!!
No changes to the Gainers.
My losers continue to change as I trade mainly the CFD Indices which almost always end up at a loss.
Damn sad lah.
So my losses in the Dow (US 30 Wall Street) got worse, while my losses in the NASDAQ surpassed my previous number three, GameStop.
Sad lah.
Huge drop in my NORTHPOLE losses though thanks to USDSGD gains.
September was no better.
I dabbled a little in CFD Indices and lost yet again.
It always ends in a loss.
:'(
In the end, the USDSGD gains on my NORTHPOLE PE holdings ended up helping me with the extensive gains.
