Showing posts from February, 2021

The crazy spike & why I finally opened Endowus account

Trade opened on 23rd Feb, trade closed on 25th Feb. And I thought only crypto can pull off this feat (+26.5%). This is a stock. No no, it's not GameStop, although it's on fire too.  Looks like the US market is really supercharged. Or it's just pure dumb luck here? For SG stocks, we have to wait neck long long even for a 10% price gain! Just one important thing to bear in mind - crazy spikes may precede equally crazy plunges . We have to beware and stick well to risk management. -- Quick update I have opened an Endowus account. Previously, I wasn't keen on any robo advisor. So what made me changed my mind?  Firstly, I want to put excess cash (rotting in bank account) into a vastly diversified portfolio with exposure to global funds, especially that of the emerging markets. Secondly, it is more time and effort efficient than DIY picking of individual stocks across different markets and pull hair over currencies conversion when purchasing them (aka when rising tide raise

Happy CNY, what's in your Ang Pow?

It's a tradition that I will blog every CNY. It is chu er today, I am still having blogger (writer) block and can only offer a light bite here (brain food still in oven). Rest assure I have not retired from finance blogging, I was just taking a short break.  Inspired by SMOL's recent comment, I would like to ask What's in your Ang Pow? Money of course la! Opps I am afraid not... that's currency. What?  If you don't know, read this  and this  Currency vs Money: Did you know there’s a difference? . Now that you know the difference, next is to ask yourself - am I accumulating currency or money ? The rich sought money in many forms - properties, assets, gold, silver, cryptocurrencies... you get the idea. The rich know very well the difference between good and bad money. They know how to get their hands on the good money too and keep them. In this year, I have a very simple resolution - I want to learn more about money .