Year end reflections 2020

It's another blog year of reflection for Rainbow coin.

This year has not been kind to many. Who would have predicted that the impact of the Wuhan virus can be more fatal and widespread than SARS? I can only say that we are really fortunate to be living in Singapore, where our government really took good measures against community virus spread and also took good financial care of its citizens hit by this economy seismic.

View from the MBS Skypark

I was half-joking with my friend, at the beginning of the year when discussing FIRE, that I will be forced into FIRE soon. To sum up, it's quite a mean year for me and I am glad it's ending.

As I am drafting my plans, I know very well that I am not ready for full retirement (the RE part) despite achieving financial independence for a lean FIRE. Things just happened and I do not have much choice (nor motivation) to keep working.

From 'The Personal MBS'

Budget wise I did not calculate to the cents, but I am confident that with less going out with friends, eating out and no overseas holidays, my expenses would be much reduced. I could sustain a few years on careful budget and passive income. Things could well change in a few years, I can't really plan too far out into the future.

It's always at this time of the year that we lament time so quickly and quietly flew by. Sometimes I conveniently forget, as time ticked away, that every action I took would give repercussions that I would notice too late in the future. Opportunities, places and people encountered - how many have I let slip by and how many have I chosen to cherish?

Despite having a wild ride for stocks this year, the v-shape recovery totally crushed my speculation of a dead-cat bounce. Thus, I did not fare too badly in my stocks and trading portfolio. I can proudly announce, as of date, that I have recouped all my trade losses from the 2018 massacre. I could have done better if I didn't stay over cautious.

Also, my cryptos are now on freehold (I have taken back my invested capital). I would count myself lucky for cashing out XRP at a peak of $0.90 before the crash. For other updates, do refer to my previous post

I am considering doing DCA into a few ETFs next year to be a bit more hands off from valuating and picking stocks, which is rather time-consuming. Here's an interesting read - Returns per unit of stress.

I shall rest my pen and pick up the mop (housework time) now. Going to burn this weekend working.

Have a Merry X'mas everyone!

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  1. Quote : "It's no good to be investing, it's akin to gambling"

    Your Mum may have heard or witness relatives or close friends badly burnt during AFC and CLOB Saga.

    Read? Chop Fingers liao!!! (2)

    Read? Pre-AFC Nothing Could Gone Wrong. Hoot Tua Tua or Supercharge Your Leverage!!!

  2. Congratulations on your Freehold/Pillow XRP as it is now zero or near zero stress unit of returns.

    Slowly work towards freehold investment portfolio for Infinite Return and income generation during your semi FIRE and finally FIRE!

    1. Hi Uncle8888,

      Now I freehold ETH. Already sold my XRP. :D

  3. Hi Rainbowcoin.

    Your post reminds me of my givegiving days. Keep going. It indeed can be depressing with the best of compassion, intentions.

    U also very 孝顺。

    Find time for outlet, like a alone meal, or WhatsApp chat.

    The thing is, when they dun agrue... U know it not good news

    1. Hi SI,

      Thank you for your encouragement.

      Yeah, you are right. When they don't argue, it's not good news. :(

  4. Rainbow girl,

    You're cool!

    Most just talk and talk, set lots goals; plan this, plan that...

    All the above just to AVOID making a decision.

    Once we have made a decision, there can only be 3 outcomes:

    1) Crash got sound. Shit! I've made a mistake!

    2) Sweet! I should've done this long ago!

    3) Don't know leh... Still too early to tell...

    Mother and daughter story... This one can be more drama than mother-in-law versus daughter-in-law...

    Trust me, there are days I feel like screaming at mom. My mom is a hoarder while I'm the "let it go" guy. Imagine the fun we'll have when its time for our move!


    Good luck to your new journey next year as the Lady of Leisure.

    Money lost can be recouped; time lost is forever gone.

    You've got your priorities right!

    You go girl! (This girl not so idiot after all!)

    1. Hi SMOL,

      I thought you knew I am not much of a planner. Lol

      MIL and DIL story sure more drama,got undercurrent. Mother and daughter one is plain boring la. We always grumble, argue on the same old things.

      Wait... Where did that idiot part come from?


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