I always pay my debt

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Dear Readers,

Thank you for coming here! 

I paid out 25K SGD last week to clear my “debt”.

Story was complicated, but I did not have to pay that “debt”.

• Legally, there was no obligation whatsoever
• Morally, I lost ~100K SGD (4x the debt) because I did not get paid for the work I delivered during Covid, for which my “Creditor” was partially responsible
• Logically, it was not really “debt” because I never received the money promised to me
• Expectation wise, I was sure that my “Creditor“ did not expect me to pay him back

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But I paid it anyway. 

• First of all, this clears my conscience. I would rather I being the one at loss.
• Secondly, even though I am not rich, I can afford it.
• Thirdly, this might increase my relationship with him and might open further opportunities. This is a big “might” and I am not counting on it.

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Of course, I did not do it without major struggle.

• Money is a primary goal for me.
• To accumulate money, I am so frugal on myself and my family that it is not to my liking.
• This money could allow me to buy a lot things that I want, but I am not allowing myself to buy.

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Will this be a right decision at the end of the day? I do not know. 

But as a principle, I would rather people owe me, than the other way around.

For now, I need to focus on increasing my ability to earn and manage money.

Till next time!

My Market Transactions — Wk44 2023 - Finally started cleaning houses

 

Photo by Andre Taissin on Unsplash

 

Dear Readers,

Thank you for coming here!

Below are the transactions for last week.

Capital injection: ~0

Photo by Micheile Henderson on Unsplash

Capital outflow: 1KSGD

Cleared FAMI, IVR, PRSO, ROOT, VANI. Pumped 26K into it and got 1K back.

Huge losses. But compared to some of my other counters, this is peanut. Compared to some other stupid things I have done, the total loss in stock market is peanut. Putting things in perspective helps sometimes.

Painful exit. But I figure now is as good a time as any. If anything, I should exited much earlier. Or I should have never bought them.

Living with consequences of my own choices.

Till next time!

My Market Transactions — Wk43 2023 - against all advices

 

Photo by Andre Taissin on Unsplash

 

Dear Readers,

Thank you for coming here!

Below are the transactions for last week.

Capital injection: ~22KSGD

1. IWDA - ~22KSGD

Against all advices, I pumped more money into the ETF and started losing money already like 20 mins later.

Photo by Micheile Henderson on Unsplash

Capital outflow: 0

Till next time!

Monthly Net-Worth Update — Oct 2023

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Dear Readers,

Thank you for coming here!

Here comes the snapshot of our Total Net-Worth for Oct 2023.

Net-Worth increase from last month: +55K SGD, -0.16KG Gold

This increment is the highest so far in this year, but it includes my salaries for Sept and Oct. The salary was not counted in Sept update.

Further losses in stock market, not surprisingly.

Gold prices increased a lot in the past month, again not surprisingly. And that wiped out my net-worth increment measured by Gold.

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Investment: -6.25% annualized return, incl. dividend

Still in deep RED. 

Improvement vs last month due to more capital pumped in.

Till next time!

My Market Transactions — Wk40 2023

 

Photo by Andre Taissin on Unsplash

 

Dear Readers,

Thank you for coming here!

Below are the transactions for last week.

Capital injection: ~28KSGD

1. IWDA - ~28KSGD

Deploy some spare cash since the price dropped a bit.

Photo by Micheile Henderson on Unsplash

Capital outflow: 0

How to Fail at Almost Everything and Still Win Big - By Scott Adams

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Dear Readers,

Thank you for coming here!

My boss recommended the book to me because I needed to simplify better.

But I found similarity of this book with my blog — fail to succeed with real personal experiences.

I was never shy to share my failures with you in this blog — that is also part of why I do not disclose my identify in this blog.

So if I ever become successful, you know there is nothing superior about me. I just failed more times and in more stupid ways.

Till next time!

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Monthly Net-Worth Update — Sept 2023

 

Photo by micheile dot com on Unsplash

Dear Readers,

Thank you for coming here!

Here comes the snapshot of our Total Net-Worth for Sept 2023.

Net-Worth increase from last month: -3K SGD, -0.31KG Gold

First negative month in 2023. For some reason, my salary has not arrived.

Other contributors are stock market and expenses.

Photo by 金 运 on Unsplash

Investment: -7.22% annualized return, incl. dividend

Still in deep RED.

The slight improvement in return is due to more invested capital. Absolute loss is slightly bigger than last month.

Till next time!