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.
Alright so it’s Aug 5th and things have developed into the most unpredictable turn of events.
huge drop in USDJPY, huge drop in the JP stock market, and moderate drop in the US stock market.
Losing a lot of net worth sucks a bit, but more important I am needing to take a hard look at my current investment strategy and needing to make some adjustments after some expensive lessons.
Alright now Aug 2nd and both BOJ and FOMC has released their meeting results.
Wanted to update this post and review the whole thing and especially what I could’ve learned moving forward.
What a roller-coaster ride of a month in my investment journey!
A lot of stress but I think it’s a good experience and I’m learning through it.