Thursday, July 29, 2021

Half-Conscious Update

Photo by Cris Saur on Unsplash

Dear Readers,

Thank you for coming here!


This is going to be a quick one. 

After 6-hour interviews, my head is half dead to say the least. 

I have done 6/7 hours of face-to-face interviews in a day before. Never thought online interviews would be more tiring on the mind.

So this will be a quick update.

Photo by Steve Halama on Unsplash

1.All the interviews

I have done 10 interviews in the past two days. This has become the full-time job.

Luckily, work is not so full now.

And I am only half way through.

This is so far the largest hiring efforts for me.

The experiences did bring some additional learnings about interviews for both sides.

I will summarize those in a post after I have gone through the whole process.

Photo by Manny Moreno on Unsplash

2.All the games.

When Cyberpunk 2077 first came out in Dec, I was quite busy and did not play it. 

Afterwards, I was just scared off by all the ridiculous bugs, reported by players.

A friend tried Cyberpunk 2077 again recently and told me that the game was playable now after all the patches.

So I tried it also. 

And I am hooked.

I have always fancied a futuristic and chaotic world. I still remember the first movie of this kind where Humans can unlock the full potential of our brains and be God-like!

Even only a few hours in the game, I can see the complexity and connections of the storyline. If it is anywhere close to the Witcher 3, it is a more than great game. CDPR’s ability is not to be underestimated.

The gameplay is good too. The shooting is definitely not the best but it is good enough for a RPG. The progression and weapon systems are good too!

All in all, I think I am going to throw lots of hours into this game.

Photo by Nick Fewings on Unsplash

3.All the cases

The recent outbreak of Covid cases is literally in my neighborhood. We have been keeping our kids at home for a while. 

Luckily, my wife and I are both working from home.

Sometimes, I cannot help feeling lucky not being able to onboard my China job. If I did, we would probably be in different places in times like this.

Money is important for sure. But life is more than that.

Stay safe!!

Photo by Michael Longmire on Unsplash

4.All the losses

The stock market….arh…do not even get me started on this.


Till next time!

Tuesday, July 27, 2021

Deep Fried!!! Monthly Net-Worth Update — Jul 2021

 

Photo by Max Kukurudziak on Unsplash

Dear Readers,

Thank you for coming here!


Deep frying season for this Jul!

Gosh, it is overwhelming!


Here comes another monthly update!


Net-Worth increase from last month: -60K SGD, -1.21KG Gold

My portfolio got bled dry, with over 100K loss on paper.

Nothing else comes close in terms of the impact to our net-worth.

Photo by Maxim Hopman on Unsplash

Investment: -3.07% annualized return, incl. dividend

Negative again after Mar/Apr last year.

But I am a dead pig now. So no fear for boiling water...Haha

Life goes on.


Till next time!

Sunday, July 25, 2021

Fried! My Market Transactions — Wk30 2021

 

Photo by Eyasu Etsub on Unsplash

Dear readers,

Thank you for coming here!


I am deep fried…

I really do not want to look at my portfolio.

So let’s get this over with quickly!


Below is a summary of the transactions:

Photo by Xavi Cabrera on Unsplash

Capital injection: ~50KSGD

1.Semiconductor mfg

2.YALA

3.RLX


The rationale for the capital injection was the same: I had the wired feeling that it had neared the bottom.

So far, I have been proven wrong.

I have consumed a big portion of my war chest too.

Photo by Rod Long on Unsplash

Capital outflow: None

No selling. 

Eat when I need to.

Sleep when I need to.

Enjoy when I need to.

And try not to look at the portfolio.


Happy investing!

Thursday, July 22, 2021

One Tragedy, Two Families…

 

Photo by Sam Moqadam on Unsplash

Dear Readers,

Thank you for coming here!


The heart breaking incident grabbed the heart of many in Singapore.

Sorrow and worries spread across all the chat groups.

While it is not possible to make it unhappen, we should do something to minimize it.

Efforts could be made from many different fronts.

As commoners, we should try as much as possible to avoid putting ourselves in front of dangerous people.

If we are unlucky to just come across someone who just wants to draw some blood, there is little we could do other than just trying to protect ourselves by running or fighting. 

Fate could be a bitch!

There are many potential “mines” too, where people might be looking for a “reason” to unleash their anger.

These can be prevented. We should be careful not to give them what they want.

Photo by Benjamin Davies on Unsplash

1.Which goat backs down?

Two goats meet on a very narrow and dangerous bridge, below which is abyss.

They go in opposite directions and cannot walk past each other. Neither one of them wants to back down.

And if neither of them backs down, they will be exhausted standing on the bridge and staring at each other, and both will fall into the abyss and die.

So one has to back down.

But which one?

It is hard to make any good decision if both goals are identical.

What if they are not?

Let’s say Goat A has terminal disease and will die in less than a week, while Goat B just strikes Toto and wins 10 Million dollars and it has a lovely family to go back to.

Now the answer becomes obvious. 

Goat B should back down, because Goat B has more to lose if they both die.

This has little to do with personality, morality or value systems. This is pure logical cost analysis.

And Goat B probably needs to back down fast. What if Goat A just wants to draw some blood and die?

This is not cowardly. This is wisdom.

Photo by Thor Alvis on Unsplash

2.In a more general sense…

Fortunately, extreme cases are rare.

In a more general sense, a good way to get rid of those potential “mines” is to choose our “Circle”.

Within the circle of happy people, successful people, rich people, educated people, the chances are much lower.

Only lower. Definitely not zero. Remember fate is present.

But the chances are meaningfully lower.

And the way I know to enter a better “Circle” is to focus on our lives.

Go to a 5-star restaurant to reduce the possibility of seeing people fighting for a few dollars.

Surround yourself with lovely families to reduce the possibility of being drawn in hate.

Join a fast-growing industry and organization to reduce the possibility of being buried in politics.

Growth is one of the “Truths” in life, if not the only one.


Till next time!

Monday, July 19, 2021

Passengers

Internet

Dear Readers,

Thank you for coming here!


I watched the movie “Passenger” during the weekend.

I first got to know this movie from the beautiful song “Light Years Away” by G.E.M.

I have read some reviews and got to know the storyline.

But it was the first time I had watched the full movie.

It was beautiful and provoked quite some thoughts!

Photo by Илья Мельниченко on Unsplash

1.We all have dreams. We thought we could create our fate.

Coming to the world, most of us think this way.

When we met the world and said “Hello World” for the first time, we most likely were seeing such a big world there for us to grab.

Aurora Lane wanted to be the first write who experienced two worlds and write great stories. She believed ordinal lives could only breed ordinal stories. 

She designed her “Lane” to her dream and joined the migration. 

Jim Preston wanted to put his skills into use and build something. He believed that in earth, people just replaced things instead of fixing them (no second chances…).

He pursued a new world and joined the migration.

The spaceship is called “Avalon”. They both wanted to reach the “Legendary Island” to realize their dreams.

Like Aurora and Jim, we all have dreams too and I am sure we design our journey to realize them. 

We all willingly believe we can make things better with our hard work, great wisdom etc etc

Photo by Marek Piwnicki on Unsplash

2.In fact, we are passengers. We go where Fate takes us.

What could logically explain Aurora’s experience?

The faulty sleeping pods “cannot happen”. Three of them did in this one ship on this one journey.

Out of 5000 passengers, Jim picked Aurora and after months of struggling, he woke her up.

Shortly after Aurora found out the truth, the ship had major problems and they had to focus on saving the ship.

Only fate could explain it.

I can totally feel when Aurora said “ you take away my life” and “this is murder”.

She had dreams and she designed a path to them and everything was working towards the destination.

And everything was just ruined all of a sudden and none of this was her fault.

If anything, I really think the movie could have spent more efforts in describing Aurora’s feelings! (Maybe the impact was reduced since I knew the stories already…I hate the reviews and I hate me for reading it.)

Coupled with my own experiences, I have learned not to attribute one’s success all to himself and not to attribute others’ failure all to themselves.

Fate is present and it dominates.

Photo by Serey Kim on Unsplash

3.However, Aurora is beautiful

Aurora is so dynamic and disconnected and unpredictable.

But Aurora is beautiful!

Maybe fate is too!

After fixing the ship, they discovered that Med Bay could be used as a sleep pod.

Aurora had the opportunity to go back to her original life and plan. 

Things could be made right again!

She did not take it. She decided to embrace this life, one that would be totally different from her dreams and intentions.

According to the movie, they had a great life together.

Maybe Fate takes care of us.

Maybe whatever happens is the best. 

But one thing is for sure: We cannot get too hanged up on where we would rather be that we forget to make the most out of where we are. 

Life is too short and that is no way to lead a full life!


Till next time and Happy Hari Raya!

Sunday, July 18, 2021

Burnt! My Market Transactions — Wk29 2021

 

Photo by Jp Valery on Unsplash

Dear Readers,

Thank you for coming here!


If you are in a ditch, do not worry and stay calm!

It will get worse!

That is exactly what is happening to my portfolio.

I am seriously burnt! 

Every time I thought the drop was nearing the bottom, I was shown the bottomless abyss!

I cannot look at it now…Oustrich time will continue!


Below is a summary of the transactions:

Photo by Xavi Cabrera on Unsplash

Capital injection: ~35KSGD

1.MU

Instructed by my wife. 

Apparently, this company will be able to mass product a certain type of “chips”.

2.China Southern Airlines

We used to have big profits on this stock. We chose to hold it instead of taking profits.

Now we are losing money.

We added positions. The pandemic wont last forever.

Photo by Rod Long on Unsplash

Capital outflow: None

It is so bloody that my total return of investment since the very beginning is negative now….

Lets see how much lower it can go.


Happy investing!

Thursday, July 15, 2021

Back in time…

 

Photo by Andy Beales on Unsplash

Dear Readers,

Thank you for coming here!


For the first time in my life, I cannot stop thinking about how much better my life would be if I could go back in time.

The thoughts just keep coming up in my mind and grabbing my attention.

I do not know what this means…

Photo by Alvin Lenin on Unsplash

1.It started with too much free time and went back in time

I have had too much free time lately.

With my work in silent period (major stakeholders on vacation), freelancing projects more or less completed and Start-Up abandoned, I have too much free time these few weeks.

I started to think what I should do to waste all these time away.

And that was when all the thoughts started to come.

And it went deeper in time.

Firstly, it was just about things that happened recently.

And then, it went back a few years and a few years more…

And now, it reached my university life.

Now that we were here, I simply took my thoughts further, to pre-university life. 

Well, after a glance, I did not see anything I would regret and cry to change. 

So university time is where I would stop for now.

Photo by Jerin J on Unsplash

2.Never before

This has never happened to me before.

For sure, I regret things from time to time and wish I could turn back the time and change them.

But I never went back so far or wanted this much.

I had been generally proud with my journey.

There were up-and-downs and stupid mistakes were made here and there. But I got myself here from a small village after all.

Now, I just could not stop thinking how I could put my university time to better use and how I could more carefully plan my career etc etc

Photo by Belinda Fewings on Unsplash

3.What does this mean?

I am not sure what this entails.


A sign of being too unsatisfied with reality?

Being unsatisfied with reality will push people to dwell in the past.

But things should not be that bad for someone who has too much free time and not many worries in life.

Or maybe I just do not realize what is going on deep down.


A sign of becoming even less mature compared to 15 years ago?

15 years ago, before university, there was a discussion in the class on “Which regret would you eliminate if you could go back in time?”.

I said to the teacher and class that it did not matter because it was inevitable to have regrets in life.

If we chose A, we would be wondering whether B was better and vice verse. And we could not choose A and B at the same time.

So this question was meaningless to begin with.

I believed I got praised. I was happy.

Now I am older and less mature.

Or I was just being naïve then.


A sign of feeling powerless and hopeless?

Feeling powerless and hopeless could lead people to wish they could go back in time and change things.

Even Superheroes and Mutants are no different, apart from that they actually did go back in time and change things in their worlds, aka movies and comics.

Does someone who has too much free time feel powerless and hopeless?

Maybe!

But not so much about the world, but more about himself. 

One thing within his control is the willingness to sacrifice and the actions to pursue, which is weak currently.

Or he just does not want it badly enough.


A sign of giving up and living in memories?

Giving up may not be the worst option.

The problem here is that there are no memories worth living in.

Or any memory is good enough. The key is to manage expectations.

Photo by Karl-Heinz Müller on Unsplash

4.Another possibility

Some who has too much time does not think he deserves to enjoy it.

So he feels the anxiety.

He could not just lay down and enjoy the break.

And he does not know what he could do here and now to improve his situation.

Well, the more accurate description is he does not believe anything he could do here and now can improve his situation.

So he is stuck in the middle, wasting precious life away on things he does not enjoy.

How complex life can be.

How incomprehensible man can be.

How simple it can become if he just stops giving a damn.


Till next time!

Tuesday, July 13, 2021

How difficult to make a Sundial in Singapore?

Photo by 泽新 李 on Unsplash

Dear Readers,

Thank you for coming here!


My Son had the homework for the weekend to make a simple Sundial.

And my wife assigned me as the “Responsible”, aka the one who does the work probably (Referring to RACI matrix).

So I watched the instruction video with my son the night before. The instructions were simple and clear.

It was supposed to be a simple task.

But it turned out to be a bit more complicated, which led me to think how much “nature” we have left among the man-made concrete.

Photo by Melissa van Niekerk on Unsplash

1.Where to find a place where we get sunlight all day long and we could leave our “WIP” sundial for the day?

In the video, the instruction was to fix the sundial in a spot and leave it there all day along.

First of all, we needed to find a place where we would get sunlight all day long.

Second, we needed to be able to leave our staff there.

To find a place where we would get sunlight all day long proved to be more difficult than expected.

Indoors was immediately out.

We thought of car parks and roof top gardens. At least the ones near our place were not ideal, due to either tall buildings or trees.

We looked around and did not find any qualified spot.

The next option we could think of was the beach…

We did not feel like going to the beach and the weather was not exactly “beach” type either.

I could only imagine how easy this would be in the place where I grew up. 

Any yard or field or rooftop or small road would do perfectly. There would probably be some curious kids who would just join in the fun and cause some damage.

Anyway, we had to improvise.

I tried to explain to my son that the Sun is so far away from us that the car park, garden and our flat were essentially the same spot and the shadow we got would be essentially the same.

I had to recall a few modules I took in school but eventually he bought the argument, which made the task a bit easier.

We would just go to any place that had sunlight at the time we needed to record down the position of the shadow.

Of course, we needed to ensure the panel was always facing the same direction every time we marked the shadow. 

The campus from my phone helped. We just drew an arrow on the panel and made sure it always pointed to the North.

Well, we thought we solved the biggest problem!

Photo by Billy Huynh on Unsplash

2.Maybe the impact is more “Mental” rather than “Physical”

We thought we were set and we just needed to record down the position of the shadow at different full hours.

Quickly, the weather proved difficult.

The clouds were beautiful. I had to think a bit when was the last time I actually looked at clouds.

The clouds were thick. So the Sun was hidden most of the time.

We had to wait for the Sun to show itself to mark the shadow, which meant we could not record the position of the shadow at the exact full hour.

It could be 5–10 minutes later.

Again, we had to improvise. 

Then after 11am, we lost the Sun entirely. It even rained heavily.

After lunch, we both realized that it would be impossible to finish the sundial.

But the homework was for the weekend and it would have to be turned in on Monday.

So I made a suggestion to my son — Since you already know how it works, the rest is just repetitive work. We can just guess where the Sun would be and complete your homework.

He disagreed but I pushed him to do it anyway.

I guess I just wanted to complete it. Come on, it was just homework and he already learned what he was supposed to.

So within a minute, we did it.

I knew at noon, the shadow should be roughly due south this time of the year and I knew Singapore was using the wrong time (1pm is roughly noon).

I knew where North was (We had the arrow). So that was easy.

With the few “key points” there, the rest was just spread kind of randomly.

So we completed the homework. 

Yay!

And I went to enjoy my nap, knowing my task was done.

Photo by v2osk on Unsplash

Late in the afternoon, my wife told me that we received the instruction from the teacher that due to weather conditions, the assignment was postponed by a week.

I suddenly thought to myself — Why was completion so important? Why did I have to complete it? What would my son have learned from this experience?

Shouldn’t the natural reaction be to complete as much as possible and tell the teacher on Monday that the weather did not allow it?

Shouldn’t we expect the teacher to allow more time for the homework due to the weather, the uncontrollable factors?

Or would that even matter? 

If the teacher allowed more time, we would utilize it to complete it and if not, my son learned what he was supposed to learn anyway.

I wondered whether I had been poisoned too deeply by all those motivation theories, all the “result-oriented” mindset, all the “can-do” attitude?

Maybe when we feel we have lost too much “nature” among the man-made concrete, it is more “Mental” rather than “Physical”.


Till next time!

Sunday, July 11, 2021

My Market Transactions — Wk28 2021

My Market Transactions — Wk28 2021
Photo by Michael Longmire on Unsplash

Dear Readers,

Thank you for coming here!

 

Past one and half weeks was so freaking dark. 

I was losing my monthly salary roughly every two days.

If this trend continues, I will slip into poverty really fast ;)

Luckily, my portfolio rebounded a bit on Friday. Lets see how it goes next week.

Below is a summary of the transactions.

Photo by Xavi Cabrera on Unsplash

Capital injection: ~4KSGD

1.AHT

It dropped below my lowest buying point. So I went in with a small position.

And it turned out to be way too early.

It dropped 22% in the next two days…

I guess I am still a bit rushy in adding positions to lower costs.

There have been many lessons before this one.

Photo by Rod Long on Unsplash

Capital outflow: None

It crossed my mind multiple times that I should just sell some of the positions and buy them back at a lower price.

However, I managed to stop myself from doing it. 

I do not know whether that is the right decision, but I know I am bad at predicting the market.

So I stayed put.


Happy investing!


Till next time!

Thursday, July 8, 2021

Bleeding out!

 

Photo by David Clode on Unsplash

Dear readers,

Thank you for coming here!


I am bleeding out both physically and mentally.

My son kept jumping on the bed before going to sleep last night for fun until his knee landed on my mouth.

I could still see the red mark inside my mouth in the morning…

So no more Hotpot, Chilli Crab, Black Pepper Chicken… … for a while.

Photo by Darya Tryfanava on Unsplash

Compared to physical bleeding, mental bleeding is even harder to take.

And the bleeding has began since the mid of last week. I think I am close to the state of “Bled Out”.

As for the reason? 

My stock portfolio of course.

It dropped from one new low to another, all while the market is doing good.

Now it is so bloody red that I do not know what to think or do.

Staring at it does not do any good and just makes me feel like shit.

My courage to add positions after the drop is seriously affected now also.

Now I tend to trick my mind into forgetting about it.

I do not quite know what to do any way.

But I believe it will come back sooner or later.

So patience is a virtue.

Taken by author

Refer to the above two pictures.

The one on the left was taken this morning when I walked to my study room.

The one on the right was just a moment later. I just walked into the living room and had a cup of water and when I returned, I saw the full son, shining.

It has been “climbing” the whole night, just to “jump out” at that moment.

While the moment is glorious, the “hard work” and “tortuous wait” is necessary for it to eventually come and shine.

Happy investing!


Till next time!

Tuesday, July 6, 2021

What I learned from my "Failed" Start-Up?

 

Photo by Markus Spiske on Unsplash

Dear Readers,

Thank you for coming here!


Today, a meeting pretty much marked the end of the Start-Up.

A friend and I decided to start a company a few months ago and we have been spending quite some time on it and made some progress.

But we kind of decided to kill it today.

I know I did not mention this adventure much in this blog, if any at all. I always thought it would be a long shot and I did not get my hope high.

Now it surely seems to be a self-proving prophecy.

Photo by Andrew Neel on Unsplash

We had many things…

I have to say that we had a good start because we had many things entrepreneurs would cry for.

1.We had money and support

Even before we decided to kick start the whole thing, we had an investor.

He is willing to invest quite a handsome sum that could last us for 2–3 years at least.

And he owns his own company and he promised support, e.g. on marketing material, client network, licensing products etc

Of course, he would require shares and we discussed and reached a mutually agreed arrangement.

2.We had time

Like any start up, a lot of time and work was required.

Luckily, we both could spare the needed time, without affecting our life and work.

We had to work till 2 or 3 in the morning for a few times and had to burn a few weekends, but mostly, our work allowed enough room for us to do the needful without affecting our time with family.

And we can continue this kind of commitment at least until we have something serious ongoing and then we could explore hiring someone or even getting full time.

3.We had connections

We both knew people who would need our solutions.

And we both knew people who can provide some of the solutions.

We could easily act as middleman in the beginning before we established our own solutions capabilities.

Photo by CHUTTERSNAP on Unsplash

…However, it was what we lacked that led to the end

We had many good things to start with. 

But two things we lacked, namely “Want” and “Need”, caused lack of commitment from both of us, which eventually led us to ending the adventure.

“Want” and “Need” is usually used to guide us on spending decisions to reduce expenses and save money. 

However, I find them perfectly fitting here. 

They are really good things, without which motivation and resilience becomes abstract.


1.We lacked the “Want” — passion

We both believe that we can manage bigger and better things.

We both believe that our jobs do not provide enough room for our full potential.

We also both believe that our solutions are capable of improving the efficiencies of the industry.

However, we do not have to have it. 

We do not lose sleep if we do not have it.

So I would say the passion is not present.

2.We lacked the “Need” — pressure

We both have families and some net-worth.

He always has a job and I have a job now too.

While we do welcome the extra money and impact that this adventure could potential bring us, we do not really have the need.

We do not need the revenue of the start-up to feed our families or pay the bills.


Therefore, neither of us was willing to quite our job and became full-time on this.

Therefore, things moved slowly sometimes.

Therefore, we became less determined upon frustrations.

Therefore, when it became clear that he would need to go through a lot of applications to secure the approval to be the direct of the company, we kind of decided to stop there…

Photo by Oleksii Khodakivskiy on Unsplash

A bit Self-defense, if you will

Before we come to the end, I do want to be fair to ourselves too.

The whole situation is still a long shot.

The relations with the investor is more complicated than what I could describe here.

The revenue-generating activities are still a bit unsecured. We had some pipelines and we had quite a few interactions and we faced difficulties, such as lack of willingness to spend despite the clear demand etc.

This commitment did pose some potential roadblocks on other aspects of our career and lives, such as when we evaluated whether to take another offer etc.

So at least, the situation is not exactly that we just gave up a start-up with good perspectives, due to laziness or whatever, which you might come to feel from what I wrote above.

However, there are lessons to be learned!

Photo by Aaron Burden on Unsplash

Summary

1.So really, it is not the lack of opportunities, but rather how we choose to do with them

It is easy for everyone to complain lack of opportunities — I can at least do as well, most likely better, if I had his/her background, education, beauty, platform or even luck.

However, as we all slowly realize, everyone has their own opportunities.

Everyone also has their own good and bad luck. 

Everyone gets to enjoy their own periods of smooth growth, and everyone inevitably experiences their own frustrations and set-backs.

But it is really what we choose to do that makes a difference.

Are you willing and brave enough to take the risks and put in the hard work to go for it?

And many times, the former could be so much harder than the latter.

At least, congratulations to myself! I just lost the right to complain that “I did not have the opportunities”.

2.Start-Up is hard

It is a hard path.

Even with so many things to start with, this was a still a very hard journey for us.

We were doing it in our spare time.

We can only imagine the hardship and stress for anyone who is full time on this and who is dependent on the success of it.

We logically assessed that we could have a good chance of succeeding comfortably. 

We were completely wrong.

3.“Want” or “Need” leads the way

It is hard to have something extraordinary unless we have to have it!

We have to have it either because we have enough passion or we have enough need.

These are the good things.

In a way, how much one can achieve is determined by how much “Want” or “Need” he has.

For someone who has nothing, it is clear that he has to go out and fight.

For someone who already has something, the choices become less clear — he will need to evaluate the options: settle with what he has or go out there to fight for more with 1)more hard work he has to put in and 2) the risk of losing what he has now.

Sooner or later, what he has will reach a threshold where settling becomes the clear choice.

And the “Want” or “Need” determines the threshold for everyone.

4.Good buddy is invaluable

It is going to be harder for someone to accomplish something alone. 

Therefore, a buddy who you trust and trusts you, share the same belief and is on similar level of “Want” or “Need” is invaluable.

There is a high chance you can work together and increase the odds.

If you recognize one, do not let him go. At least, stay in tough and watch out for potential opportunities.


Till next time!

Sunday, July 4, 2021

My Market Transactions — Wk27 2021

 

Photo by Fabian Blank on Unsplash

Dear Readers,

Thank you for coming here!


So much bleeding happened during the 2nd half of the week that my portfolio is at the new low on paper, while the broad index continued to go up.

Says my portfolio selection is not that good.

Makes me miss more the lost opportunities…

But overall I feel ok. I have enough things to help me take my mind off the topic.

So I just “bury my head and pretend I do not know”, like an ostrich. (below seems to be the best fit pic on Unsplash.)

Photo by Wolfgang Hasselmann on Unsplash

Here are my transactions for the last week, for your reference!


Capital injection: ~20KSGD

1.EYES

This is another speculative buy. I set the buying price in the lower range. And it got filled during the drop.

It continued to drop after the buy. Lets see.

2.PATH

This one only newly came to me. Seems ok so I built some initial position.

In the grand scheme of things, I am currently losing money for both counters.

Photo by Andre Taissin on Unsplash

Capital outflow: ~50KSGD

BYDDY & NVDA

They have performed well since we bought them, of course there were up and downs in the journey.

They were all at their new highs, at least for the recent period. So we decided to reduce our holdings in the mid of the week.

Apparently, we should have been more aggressive to reduce the impact of the drop during the 2nd half of the week.


Happy investing!


Till next time!

Thursday, July 1, 2021

Greed!

 

Photo by Henley Design Studio on Unsplash

Dear readers,

Thank you for coming here!


Greed bites!

Recently, I purchased two stocks that grew 7% and 13% within two days.

I thought they might grow further with no solid reasoning. 

So I kept them.

Now I am at -6% and 0.5%.

These were among the speculative buys, which I knew I should just let go at some profit.

But Greed still ruled.

Photo by Markus Winkler on Unsplash

Thinking back, this just did not make much sense.

I would be very happy if my portfolio could achieve 7% or 13% growth over a year. 

Yet I believed that kind of return was not enough over the course of two days.

Totally unbelievable!

Photo by Tolga Ulkan on Unsplash

If I have to assign some “reasons” to it, I can think of three. 

  1. Affected by recent event — I just let go of a stock at 10% return. Now it is close to 40%.
  2. Scale bias — I have been dealing with 40% gain and 60% loss. So 7% and 13% seem pathetically small
  3. Illusions — They have grown that much. Why cannot they continue?

None of this is of sound logic, but weakness in our mind.

And that is what Greed does to us, taking advantage of our weakness to get to us.

Photo by Aaron Burden on Unsplash

Therefore, below two guidelines seem logical:

  1. For long-term holdings, just hold them
  2. For speculative buys, never worry about the possibility of selling too early. Any return is good.

Happy Investing!


Till next time!