Monthly Investment P/L: +HK$+28,000
Up a lot during the month, trimmed a bit toward the end but still end up major positive.
Mainly from the gain in gold prices.
I’ve already written other posts about gold, can see the big shift I have here with the gold investment.
I want to eventually start publishing content about investing and maybe start a new business venture there.
Currently my ideal is like ah ju, talking about basic investing concepts and economic trends to people who want to increase their wealth, work less, achieve freedom.
So I’ll start putting down my ideas with posts like this one as well to keep track of my ideas.
This is an extension of the post where I was writing about doing a gold-yen carry trade.
It’s an important trade and especially getting burned by the USDJPY carry trade, I am determined to really think through this one.
And the more I think about it, I’ve come to an entire paradigm shift …
Alright so I’ve realized a new trade that I want to start making.
Which is – borrowing yen around ~1.5%/yr and buying gold with it.
Getting burned by the yen / US-treasury carry, I am a bit unsure about if there are any pitfalls I missed, but let me write the post to consolidate my logic.
Started out kind of bad but like everything else, turned around towards the end of the month.
Probably more volatility and flatness until the election. Then maybe another bull market.
Alright so the US just announced at 50bps cut this week.
It wasn’t completely unexpected, but along with the narratives I’ve been hearing and my analysis, I have a decently big strategy shift I want to make now.
Alright so for some reason even though I just wrote a post outlining my mistakes of not 123DCA-ing, somehow I made that mistake, once again.
So just want to make yet another post to remind myself AGAIN to not do that anymore, ever.
Started out as a completely shitty month but rebounded for the most part.
Anyways I have developed a solid strategy due to last month and this month’s volatility and feels much more secure about the investments now.
Going to be more focused on the business while keeping an eye on the happenings moving forward.
Just read a piece by howard marks talking about Ben Graham’s concept of “Mr. Market”.
Imagine having paid $1000 for shares in a company. And Mr Market is sitting next to you, telling you each day what your shares are worth.
Here is the quote:
Something I’ve realized especially after these few days of turbulence is – the need of having buy and sell “rules” in my investment strategy.
And not having rules is what burn beginners, or those who might not be beginners but are constantly losing in the markets.