I know some of you are reading this because Kyith wrote about XB and I was mentioned. I just want to put this up right away: I don't have a million dollars.
Heck, I don't even have half of it.
If there is anything you could learn from my investing journey, it would be to start early. I started doing this shit call investing because I had problems with work. Some psychologist noted that most humans can't learn much after puberty, unless trauma occured. It happened to me. It wasn't till I was 36 or so that I bought my first stock.
Even though my XIRR looks okay, I don't have 100k to invest right from the get-go. And incase you wonder how much I bring home at 36, it was probably just over 3k or even lesser. I am your typical loser with no car, no girl, and no self esteem.
I like to think that I am a half-decent human being that likes to help people, even though I get nothing but karma in return, and that is why I did all those videos with Boon Tee in the past. I am afraid of dying, not just because of the things I think I would miss out, but how my parents is going to deal with financially when I am gone.
While my returns are okay, I wish I did better, not for myself, because I always go home and felt like a loser. I thought about the forgone profits (I sold a lot of stuff way too early) that would make my parents less worried in life, and I don't dare to talk to them about that.
I am just a tool in someone's toolbox. I am happy to be a hammer or a crowbar in exchange of some good karma for my parents.
What dreams? I don't have any. I am stuck in Singapore for more than 8 years. Sometimes I wish I could go Taiwan and learn some billiard-related stuff but that was all to it for me.
I do think long and hard about what happens when I am finally alone; it would probably be a small residence with a cat or two, but that is all I thought of.
***
Life and time gone pass like a blur; I can't recall what happened during the last 1.5 months, except that Mum had problems with her leg and had it bandaged-- she has diabetes and the fear of infection on her leg is very real.
She also have very high blood sugar of >15-20 during the day, and I had a lot of grief trying to get her to wear the CGM (continuous glucose monitor). It fell off after only 1 day, and she refused to wear it again after that.
I am worried sick about my parents everyday, especially my mum.
***
I am going for a small keyhole surgery (hopefully) for hernia this Friday. I am scared, tbh, not because of the risk of this op (it is opined to be low), but the implications it have on my work (it could affect my promotion, already I could see it slipping away a bit), and what happens if I don't wake up.
That image of my mum foaming at her mouth and my dad standing over, scolding her instead of calling an ambulance, will always be in my mind. I am frightened of the day where she needs help and I am not around.
***
Sorry for this personal rant.... lets go back to investing
YTD returns: 69%
STI returns: 15.76%
HK: 20.48% (wow)
S&P 500: ~5%$ (another wow)
It doesn't feel that low with all frightening highs that the usual US stock is bearing.
Major transactions:
Aoxin Q&M- Small amount of investment in this. This could go down very badly as the CEO has already given up. But the situation might not be as dire as it looks: Maybe he was just sick and tired of having to deal with the parent (Q&M). He was unable to fulfill the profit targets, and from how it looks, he is still a long way off. So instead of having forced to sell his shares (at a heavily discounted price of 0.03x) to Q&M, and as a result, work for free, why not just quit?
There is still a good amount of cash in this company and the earnings look like fortunes are reversing....
Manulife US Reit: It looks like they could survive, which can bring a huge upside. Very little is invested in this due to risk. It is a high risk, high reward play.
Clifford Modern Living: Trimmed a little: The price is motivated by the silver bullion 'investment' that the company has: it is still not too dear, valuation wise.
On the option portfolio front: Purchase more Haidilao and sold more covered calls. Charts do hint of a lengthy sideways movement. I dont think Haidilao is too expensively priced, but earnings (coming up in a few days) is likely unimpressive, which could bring prices down. Unlike its previous problems years ago, this looks like an economy problem and not management-related.
Bought some ACIC and sold covered calls.
That is it. Sorry for the rant. Quite a few things in my mind.
