Big news this month - Trump's comeback win in the presidential elections made clear who are the winning and losing markets. Icing on the cake? The addition of Elon into his executive administration mix.
What else are we expect to see from US Capitalist administrations? It's all about the money and power. Markets that bet on Trump of cos win big, and vice versa.
I was not too involved in that, just that perhaps my REITS that are very dependent on US Federal cuts may get shaky. All tanked even further; I was kindof relieved I cashed out my FLCT before it tanked. Netted less than 300, but more importantly, saved me from a 24 pip loss. Re-entered at 0.915.
Anyways, I for don't know what reason, signed up for this "SGBBT". Paid $250 for a 1-year "subscription" as the admins called it. Erm, not that I made money from the 'insider info', but I guess I understood the game rules better - how the institutional players, or as the layman calls, BB, play. TAs are also reviewed and it was interesting to see how most of the analysis were so zhun that even if I follow blindly, I would still get to profit. Having my fingers burnt bad in trading over the past years, I was still hesitant to play the volatile trading market, so I thought I would stick with those that have slower movement.
Next month will conclude 3 years in my project D. Ups and downs - mostly downs, but I am glad I maintained my discipline to keep investing, pumping more funds, and using my money wisely. Well for 2024 I suppose I went lax on my wallet a bit, spent more on hobbies and wants for myself. Need to tell myself, not to lose sight of my end goal.
Update #36:
Warchest: 60.86
Dividends received YTD: 2288.85
As many would have seen it coming - that 0.5% cut was a desperate attempt to paint a rosy picture for the market. Well, not quite. Inflation data bounced and we are on the way down in terms of confidence of another rate cut - not likely to happen in Nov unless fed I politically motivated to.
Reits saw some light, but went back into the dark. Now all very red like before the rising sentiments of rate cut. I tried offloading FLCT and Keppel Reit, seems to work. But dumped it back into a rubbish stock - AEM - with a tinge of hope that I can recoup my losses, even if just a bit.
Nope, it went down further. But after all these lessons I feel that I should still hold; I lost one chance to exit and cash out abit of margin. I must remind myself to cash out if the 2nd chance comes.
It's nearing the end of the year... from what I observed, year end prices will usually find some support and relief. Should I..?
Update #35:
Warchest: 2290.87
Dividends received YTD: 2101.25