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Reflections for year 2022

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2022 was a year of which my life followed Murphy's Law - I have experienced crypto bank runs (CeFi bankruptcies ensued), portfolio plunge, Covid infection and calling the ambulance to the house.  It's a really bad year, and I almost thought I am not done listing the Murphy's Law events. At least these are the major ones, and I don't want to bored people with more day-to-day shit that happened. Despite all these, I believe there's still some silver lining behind the gloomy clouds. Here are some reflections to share. Change is the only constant in life We all know that. If we cannot change the environment, change ourselves. There's Chinese saying "้€‚่€…็”Ÿๅญ˜",  adaptability is the most powerful skill of humankind.  After changing what we can in the environment to make ourselves feel as comfortable as possible, we need to learn to live with the discomfort that cannot be changed or is hard to be changed. This means "accepting what is" by changing the w

On shopping spree - Spending and Savings

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My household expenses rocketed this few months as I was on shopping spree. It's not because of the upcoming GST hike nor the attraction of Year-end sale.  Image source: Unsplash It's because of my mom and because our household appliances are throwing in the towel one after another. Considering that it's been almost 10 years since we moved into the BTO, these appliances have been used way past their warranty and already to money's worth. I was surprised that some of them can even last for so long. First is our Samsung washing machine which the Start button spoilt. I bought one of Midea brand from Shopee at a sale. The only dissatisfaction is that it does not have a wash timer, unlike the Samsung one. Since we always wash almost the same load of clothing and use the same mode of wash, we can remember the estimated completion time now after a few washes. Second is the ceiling fan. Our old Fanco ceiling fan wasn't good, it required servicing in about a year's time a

Money flow and management

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Banks are pumping up interest rates in the shortest time span ever. (I saw that CIMB is currently offering as high as 4.2% on its fixed deposit! A rise of 1-2% in interest from just a few months ago. Darn, I should have waited.) This interest hiking spree is attributed to FED's rate hike , which caused the treasury bills yield to be climbing for a while. Hot money (from past QEs) have been flowing out of risk assets (cryptos, equities, junk bonds etc) to the supposedly more secure assets (bank deposits and gov bonds). Note that periods of past FED rate hikes are in year 1999-2000, 2004-2006 and 2007-2008. Then we see rate cuts after these periods. Inflation and loans interest rates have been climbing too. Layoffs are starting, economy seemed to be slowing. We won't be surprised to see  recession , perhaps from next year, if the FED rate hike and inflation continue at this pace. Gotta keep a watch out for recession trends like a rise in the unemployment rate and a decrease in GD

Inflation, crypto bank run and investment updates

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I am finally back again after a 3 months blog hiatus. Not crushed or lost in space. I have started lately on a regular 35-hr work week and on my rest days I was preoccupied with taking care of family, household chores, going out with friends, reading novels and basically chilling. No inspiring topic here, just some quick updates. Inflation Despite most impacted by the rise in food prices, in terms of household expenses inflation, my family managed to get by comfortably enough on tingkat and homecook food. My next highest personal expenditure, after transportation, is meal-out with friends. With my regular work hours, income level has improved with slight sacrifice in terms of energy level. So I figured it justifies having those $20-per-pax dinners occasionally.  I am made poorer too by my favourite eat-out food that have gone up in price by 10% or more! Mcd FOF meal $5 --> $5.80, Stuff'd chicken burrito $7.30 -> $8.10, Subway value meal $5.90 -> $6.50. T.T Currently going

A review on my crypto holdings - officially in winterland

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I have been watching the bearish market unfold on the sideline, one that whacked almost every single asset class except for oil. Gold was not spared either as its price is sensitive to the Fed's rate hike. (Since it is mostly used as an inflation hedge in an investment portfolio, the non-yielding asset will have continued selling pressure if Fed continues its interest rate hike.) The worst of the bear-beaten lot must be cryptocurrency. Summer seems officially over and I don't know how long will this winter lasts. The massacre just got worse these few days. I was too confident and complacent last year to not harvest a fair share of profits while the sun shines. At the beginning of this year, I still DCA-ed into a few of them and thought maybe the sky was just... cloudy.. Until the hail storm comes, I have finally awoken to the fact that it is really winter now and how one catastrophe can trigger huge ripple effects. Some of my holdings with biggest price percentage decline: List

The Truth About FIRE

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Richard Coffin @ The Plain Bagel Quoting -  "Often I ll see someone promoting FIRE as something that comes down more to mindset than your circumstance as though it's something available to everyone." Quoting -  "Whether it's worth taking the risks and downsides associated with FIRE comes down to your own VALUE ." My takeaway on whether FIRE is for one or not is very simple -  Can FIRE bring you what you desire and enjoy in life? Related posts: Retirement planning  3 ways (NOT) to be a post-retirement sluggard Thoughts about Financial Freedom part III  Thoughts about Financial Freedom part II  Thoughts about Financial Freedom part I Like what you read? Follow me on  Facebook  or  Twitter  for updates and news I dig. Check out my referrals for fantastic sign up bonuses on SAXO, Moomoo, Gemini, Celsius, Blockfi and more. ๐Ÿค— Thanks for reading!

3 power crypto articles from 2021

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Among many great crypto articles I have read last year, I have curated three of which I felt are still relevant to date and very insightful. If you are looking to read more brain-stimulating articles, you could also check out my recommendations in the  Weekend Brain Food series  (mostly are non-crypto related). So here we go. Trading the metagame "Watching the winners & locating the problems in crypto can be a way of identifying potential metagames in advance." "Sometimes you can simply see that you missed the current meta and use that info to exit positions that are out of meta to preserve value , or just take a break and restore mental energy. As the meta and attention shifts to new things, capital bleeds out of previous metas. People sell the last meta they fomo’d for the next one. It’s a video game. Players want to play, they don’t want to be idle. Traders use the meta to exit/rebalance longer-term positions. If you had a big position in some token, which sudden

Disclaimer:

The contents of this blog are author's personal opinions and do not constitute advice to hold, buy or sell any securities, commodities or assets mentioned. I do not guarantee the accuracy and reliability of any information provided, and shall not be liable for any losses incurred from reading my posts or using the materials herein. This blog may contain affiliate links to external sites.