The 'hype' is real. Rather, the crisis is real. The world was literally grounded to a halt.
Sometimes I wonder, could this be a result of some conspiracy? Was it a planned apocalypse?Was it an attack from the outer world? Was it some bioterrorism that turned out horribly right?
I don't know. Apart from hearing from the media that this was just another "things getting out of hand" situation, but the cost for this was too much to pay for. Widespread infections, no cure, no vaccine, health, economic, social, political unrest, lockdowns... basically everyone is in "hiding mode" in an attempt to cut themselves off the chain of infection.
I'm glad Singapore has done a decent (not great, though, sorry) job. In implementing measures day by day, by quickly setting up SOPS to isolate and quarantine potential nodes in the infection chain. What's actually surprising to me, as I would believe it is with others, is the amount of stimulus that was injected into the economy. Just. WOW.
I could totally imagine from my bosses' point of view. At one time they were probably thinking, "How are we going to afford out hundreds of thousands of dollars every month without any revenue??" Now with the stimulus, I bet that amount would have plunged by at least 75%. Rental relief, Job support schemes, Tax rebates, fee waivers, blablabla. You name it. Plus some projects came in thanks to us trying desperately to catch up with telecommuting arrangements. But then again, we all knew it was a temporary measure so whether we get to survive depends on how fast the economy recovers... Fingers crossed till then.
Did I just mention telecommuting?? Gosh, please don't get me started on it. I can rant on about woes of working-from-home. To think of it, I have been wfh for more than half of the time YTD. Every day I was hoping to return to office so that I can focus on work...
As an investor, well, unexpected good came out of it. To be honest, it was an enjoyable ride in the stock market. Carefully observing how the (controlled) news affects market sentiments and knowing the bull&bear trends allowed me to enter at the bearish region and exit at the bull region. It's quite easy during this period knowing that "the ship comes and goes multiple times this year". If one boat misses, just wait for the next one which should come in a few weeks' time.
Prolly netted about 2k+. Just nice to make my earnings cover the last bit required for a new bike (woohoo!). Can't wait for the motor shops to open so that I can view my ADV150.
Think that's all for now. Now that I can't really head out for outings, its about time to intensively build my portfolio for the rest of this year so that I can work towards my passive income :)