GME Update

 This baby is ready to fly!

Dilution offering actually helped it shore up $4.2B in cash and no debt while its market cap is still only $12B!

Super hyped up knowing that we have DFV and CEO Ryan Cohen in deep with all of us retailers.

This is the closest I’ve come to community investing and seriously what a joyride it has been so far.

Hopefully it’ll make us all rich on the way too!

This was his latest update BEFORE the dilution completion was announced last night!

Subsequently jumped 22% wahahahahahahahahah let’s gooooooooo!

DFV GME RDDT Update

 Wow.

RoaringKitty aka DeepFuckingValue finally posted his position on Reddit.

This time on the SuperStonk sub.

Not only has he held on to those positions he had three years ago, he’s added to those positions!

So now his positions in GME alone are worth $200m. In fact actually as of last night’s close it was closer to $300m.

What a legend.

If he exercised his options, he’d own almost 5% of GameStop!

Truly diamond hands! 💎🙌🚀🚀🚀

If he can do it, so can I.

GME Pumping

 Hoping my position in GameStop (GME) pumps!

Raised an additional $1B in cash.

No debt.

Results on June 11th.

Let’s gooooooo!

GME & Roaring Kitty

 Roaring Kitty of GameStop fame is back!

He posted this on X and in three days, the price actually ran up from $10+ to $70+!

I actually went in again on the way down and now I’m a bagholder once more haha.

Diamond hands! To the moon!

PSNY Deficiency Notice

 This is bad, really really bad.

In the worst case scenario, this could mean a delisting.

My investment in Polestar might literally go to zero.

60 days to comply, price too low to sell anyways :(

What a really bad investment this has been!

Read about it here.

High Dividends

 For some reason, April and early May have brought in bumper dividends and other passive income!

This makes me super happy.

I am wondering where to park them.

Should I reinvest the dividends back into the high yielding stocks? Or should I use this opportunity to buy new stocks that I can pride over the fact that the entire purchase was ‘free’?

Recently also looking at higher yielding UCITS ETFs to help balance things out, such as SHYU, VHYD, VHYL. They are listed on the London Stock Exchange and are more tax efficient. US stocks we always end up having to pay 30% withholding tax, which erodes whatever yield we achieve.

My dream is to be able to earn $5-10K of regularly dividends every month passively. Also where the dividends do not erode the NAV of the stock/bond.

Without going into the specifics of my current high yielding portfolio, I need to reduce its volatility and make sure I don’t blindly chase yield. This has happened to me in the past and I ended up being burnt. So definitely some lessons learnt and aiming not to let history repeat itself.

Let’s see if we can achieve that sooner rather than later.

NVDA

 Finally jumped on this bandwagon a week back and oh boy is it printing brrrrrrrrr!

NVDA is the hottest of the magnificent 7 right now that’s propping up the whole NASDAQ.

Hoping to see it cross $1,000!

HUAT AH!

Second Berserker Rage Of 2024

 Argh not again.

Last night was NFP and the market shot up.

I took a gamble again on USDJPY and was wrong.

I took a gamble on NASDAQ100 and was wrong.

Ended up losing another SGD 7K.

Gosh I need to stop bleeding financially like that.

Need to cold turkey myself.

Small Windfall

 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!

Mr Market Coming Down

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!