After the dip in all crypto, realized I have been a naive person for the past 4 months. What goes up must come down.

eth usd ta

ETH is stronger than BTC and for it to hit the 50 week MA is quite difficult.

If you are not urgent, set some buy order at 650-700 and 400 (unlikely to hit).



Few of people I know are playing this financial whack a mole. When the mole comes out, you just whack a bit of your cash on it.


A close friend told me his problem of spending all his money and then even getting into credit card debt which was in the 5 figures and then each time monthly, they will pay off a little of the minimum sum so as not to incur the late payment fees charge.

late payment

Seems like it is actually quite common for Millennials to get into this predicament, so would like to highlight how to stop this big and important problem.

Rule 1 : If you cannot handle debt, do not get a credit card. Like Uncle Ben said “With great powers come great responsibility”

uncle ben

Credit now enable us to spend something we will need to pay back in the future, thus it creates a cycle in which your future self will have lesser spending money.

Rule 2 : Always pay yourself first. Set aside a fixed percentage of your salary to be saved, it might be in a bank with no ATM card, an automatic transfer to purchase Singapore Savings Bond or whatever. Always pay your future self with that cash. For me I use SSB as it is really difficult for me to take the money out.

pay yourself

Rule 3 : Create a budget of what is your saving percentage. In this way, you can calculate how much money you will need to survive if you are no longer working. Start with a fixed recurring bills, insurance. You should at least try to save 20% of the liquid cash for a rainy day.

savings rate

Rule 4 : Get a rainy day fund worth about 6 months of your salary. This is for unforeseen circumstances such as retrenchment or hospitalization.


Rule 5 : Get a cheap hobby and cut the fats. Consume less and look at how you can reduce spending.

With these I hope we can slowly stop our financial whack a mole.

The black swan and the overconfidence bias

Took some time off recently as life has been kind of wanting to teach me a few lessons of its own. Needed some quiet time for myself to sort out several stuff. Firstly was my investment style and temperament. I was investing in a style which I was not suitable for, thus when the black swan (Swiss franc removing peg) came this time, I was not prepared. I sold most of my value investing portfolio and went into cash. Also lost $119 due to the fire sale of some of my equity. All this was due to my own overconfidence bias which I believed even after being proved wrong so many times, that I can time the market. It proved to be futile and finally I understood why so many investors recommend passive investing. In this example I was my own black swan, although the lesson was only $119, this lesson made me realised an important point. Never do anything which is against your mind’s temperament. Everyone has an investing style, you will need to find your own and make it “yours”.

Secondly was in life I hit into a black swan event as well. Blame it on my own overconfidence bias as well. Life wanted me to learn to do things in a humble way and brought me back to earth by these 2 valuable lessons entrusted to me.

Action points which I can learn from these 2 events.

1. Value investing is a marathon, you should not be vested with money your cannot afford to lose (Using of CPF-IA may overcome this bias I have in my mind – The CNAV portfolio would be better off in the hands of the CPF-IA account – Money I will not be using soon).


2. I am actually more suitable for passive investing for my cash. The bulk of my time could be used to fuel up my works for Dot Com Culture. The business belongs to me and I should take responsibility for it.


3. The fucks I give to an event (e.g. the swiss franc removing the peg to the euro) may not be proportionate to the actual fuck it is worth in the real world. This event did not even make the market move a blip. Perhaps its time to stop watching CNBC and reading business times and sunday times invest. They are simply detrimental to your wallet.

dont give a fuck

4. Life may throw at you several black swans, just because you did not see a black swan before does not mean this predicate (For all elements which are swans, there does not exists a swan which is black). The only way for you to do is to bounce back when you have sorted out everything in a logical way. Once you see the light, it is actually a very clear road.


5. I am a far more conservative investor than I imagined. First will be to rebuild back my capital in OCBC 360, for the risk free 3.05%. This returns can even thrash most government bonds. Plus the fact that this is liquid cash.


6. The most unexpected returns from my permanent portfolio was the long term government bonds. When everyone was thrashing bonds and said that the fed will be raising interest rates once it tapers off QE, I managed to get some bonds at a good price and I am now sitting at an unexpected gain of 15-20% of my capital. It really pays to be greedy when others are fearful and to be fearful when others are greedy.


7.A rising tide lifts all boats. Just because you were able to make money in a bull market does not make you a good investor.


Ramblings of a retail investor – Overview of my investing journey from 2012 to 2015

2012 – Start of speculations

Started my investing journey or rather speculation journey in 2012. When I started out, speculated on FSL, Chemoil, OUE Ltd, from SGX. All these position do not have any sound analysis and was bought either on friend’s call or by using the brokerage newsletter’s buy or sell call. Wasn’t heavily burnt at that time. thereafter i discovered that stocks in NASDAQ had higher volatility, thus went into positions of Aeterna Zentaris, Activision Blizzard, Primo Water Corp and got myself badly burnt by them . Overall I was losing money.

2013 – Speculations in forex and indexes

Went for further courses such as technical analysis and opened up brokerages with city index and IG market and went to punt in FX and indices. Had also a huge win with Groupon, but overall was still a loss. Punted with the market maker and sometimes won and sometimes lost. I had no particular strategy and was flipping from one strategy to the next. Played with some IPO and had small wins. It was this year which I started my Permanent portfolio which was a passive investing portfolio consisting of 4 asset class.

1. STI Index ETF

2. 30 year SGS bonds

3. Gold

4. Cash

2014 – Going nowhere

Although I was keeping watch of the market everyday, didn’t seem to be able to make any cash. Somedays I won, somedays lost. I read about tail risks from Nassim Taleb, but didn’t put much notice into it as I believe the market makers would be able to close out any positions as long as I had the stop loss in place. Thus continued punting on the FX and index market . I had always thought I could take this risk. Permanent portfolio looks boring as it negative. Did some value investing as per what I have learnt in some courses.

2015 – The wake up call and knowing yourself is the path to victory

Something happened early this year which made me realise that I may have been ignoring tail risks all along. First was the standard chartered bank closing of the institution equities. I panicked and sold some of my holdings in the London Stock Exchange. This actually turned out to be a blessing in disguise as I unknowingly bagged some dividends for one month of holding. Although Standard chartered was not even closing off the retail equity investment platform, this fiasco made me realise that I was not ready for so much of risk taking as I had 80% of my equities in SCB. Just when I thought all was over, within the span of a few weeks, the swiss franc strengthened against all currencies by 20%. Although I was not in this scenario, I realised why Nassim Taleb was talking about this tail risk. I didn’t want to be in this situation thus I closed off all my FX positions called for my money back. I eventually sold off most of my holdings in SCB as well. The next day, I was watching CNBC where I saw the brokerages FXCM stocks dropped by 90%. It was then than i realised that you could lose more than your capital when the banks ganged up against you. It felt to me like picking pennies in front of a steamroller. You need to hop away as soon as you see the steam roller coming towards you. Read the article below to understand more.

I was no longer comfortable with this sort of blowup as per the swiss franc shock. I do not think my portfolio can withstand a 2000 pips drop. Thus I prefer to get out while I am not killed. I imagine myself as the turkey over here. Quitting while you are ahead is not the same as quitting. With this renewed understanding of myself, I am ready to take on the market once again, once I get things sorted out. 🙂

Tail Risk Revisited

I have just blogged about having the type of “investment game” that you are most suitable for your temperament and something spectacular happened today. What was it? Behold the image below.


This is an example Nassim Taleb was talking about in his book fooled by randomness. This currency pair climbed up slow and steady for the past 1 year and suddenly flashed crashed in a day. If you did not have a proper stop loss in place, you might have been closed out. The cause for it was due to the central bank of Switzerland removing its peg to the euro dollar at 1.2. Well fortunately for me I was not trading in this pair, but I held 2 positions in 2 carry trades, the Kiwi and the Aussie. I was lucky the news did not hit them.

As per my previous blog article, I found out that I did not really have the risk appetite and temperament to continue trading in the FX  market, thus I closed off both my position and emailed my broker to closed down my account. I will be focusing on passive investing (Perm portfolio) and more of dividends investing of stocks trading below their NTA. This was really a wake up call to me to remember Taleb’s warnings of tail risks.

Although these events don’t occur normally, we cannot dismiss them. You’ll probably should grab all 3 of his books to read.

1. The black swan

2. Fooled by randomness

3. Antifragile

Well. the first thing you will need is to be truthful to yourself. If you are one who cannot take losses, then your money should be placed in banks. There are a few good products out there like the OCBC 360, Standard chartered Bonus savers and the CIMB star savers. However if you can take in more risk and don’t mind your money “locked in” for at least 5-10 years, do read up on some passive investing styles like 60/40 stock bonds portfolio, permanent portfolio or the dollar cost averaging purchase of the STI Index ETF. Books which I can recommend are

1. The millionaire teacher

2. The permanent portfolio

3. Fail Safe investing

If you would like to take in more risks, you may wish to look at dividends investing, value investing etc. First step is to be honest with yourself and find out who are you before you can start to invest.

I have found that by changing strategies all so often, I ended up with a net loss even though I was watching the market the whole time since 2012. Where as, my side business, dotcom culture had earned me a $3000 income in the past year without me spending so much time as per watching the market, my brickify sales business had also generated close to $750 in the past year. I realize that I should focus more of my energy on something I am better in, instead of spending too much time trying to beat the smartest traders and investors in the world.

By the way these are 4 of my focal points which I hope I can attain

1. Meditate at least once a day

2. Start on my app gaming project

3. Start on getting my certification from on dinosaur paleontology

4. Basketball

I have found my own “investing game” and I hope you can find yours too. So the next time if you ask me what happened to the market yesterday, I will most likely answer : “I Duno”.