S$500 on cardano

 Bought another S$500 worth of cardano

intended to buy it when it crashed to around $1.06

but cryto exchanges got disrupted

and price shot back up fast

Got it at around $1.5 today

Partly cause I wanted my account to have around 1.6k coins

initially was 1.3k

did not want to reach 1.4k+ when i stake the coins

so skip that and it will be some time before it reaches 2.4k

do not really like 4

also why i think cardano is good

heard from founder charles that his dev team cost around 1mil + every week

so it is actually a quality product

and when more people finds out about it, price will shoot up very fast

as they have alot of projects in the pipeline

I might invest again, if it dips alot

Another 2 Tesla

 Bought another 2 Tesla

Initially I thought we passed the 200 SMA

and it will be on the way down to $460 next.

But realized that it is actually on a strong support line.

Also watched a videos from Graham Stephen.

The current fear now is about rising inflation, which happened before in 2010.

He already predicted it 3 months ago.

People are comparing the inflation to a low during Covid.

That why inflation seems to be rising so rapidly.

4 Teslas

 

Bought another 4 Teslas

Wanted to buy more

But also keeping an eye on available funds

Now I have SG$3.8 funds left

these are my bullets to survive 1st tier of attack

as Singapore Covid is still unstable

and Tesla might continue dropping.

Also 4 more shares will mean I have 30 Tesla in IG

which is easier to make calculations

If Tesla PS ratio is to be 10 times, which is what Adam Khoo say is reasonable

Then the price will be around $360, which is the price I bought 10 shares

So I have to save bullets for that

The next lvl of strong resistance will be at $460

Buying less is also better, as later I want to add on more shares, it only cost $10

Sold DBS

 

Sold my 1000 holdings of DBS in IG account.

Got a profit of 9k.

The reason is because I am unsure if Singapore economy will tank during this 2nd phase lock down.

Also, DBS is trading around the peak for some time.

Around the high of pre-covid.

Might want to get it back when it go back to support, which is around $26.

I cannot afford to let DBS tank, as my account will be under danger of margin call.

price to sales ratio

 Adam Khoo and Chicken Genius are like the opposite in terms of thinking

One is very bullish on Tesla, the other is not.

Today I learnt from AK about PS ratio

More than 10 is quite over valued

He was the one that I learnt PE ratio of over 15 is over valued.

It is good that I have a bench mark for PS ratio

Tesla is currently around 17 (price around USD$600 now)

for a great company, it is consider ok

If sales double, PS ratio will be reduced to 8.5

Bye Salesforce and China ETF

 

More closing down sales

Did not really make or lose much

Just want to trim portfolio, due to the recent purchase of Singapore Reits

Easier to focus and calculate Tesla

To do stress testing.

Also did not get salesforce or China ETF at great prices.

And China don't seem to be print money

So it may be better to buy USA shares, to ride on the inflation.

Now IG portfolio looks more clean.

And I now have around $4.8k of funds available to buy.

Feels a little more safe.

Bye Sembcorp

 Liquated Sembcorp in DBS share financing account

Both Marine and Industry

Not bad a time to sell, as there was a recent rise.

Marine broke away from the parent company Industry

And I was given around 9800 marine shares

Sold 2k Industry and 9800 Marine shares

Got around $6k

But sold wrongly

I was supposed to select Share Financing rather than Cash

So wasted around $100+ in transaction fees

It is a good time to sell, as I feel my IG account is inflated

Also did not think that Sembcorp will be doing well these few years

they have been suffering for some time

Many of the other shares I hold are paying like 5% dividends

Sembcorp at the moment cannot even turn a profit

Added Ascendas REIT

 Bought 3000 shares today.

Am feeling a bit risky, as I am still using borrowed and leverage money.

The price is $3, and it seems quite good.

assuming past dividends of around 0.16 per share, it is around 5.3% yearly.

Felt positive as vaccination is going on

There is some fear in the market, as Singapore enters phase 2 again.

Also felt greedy because it feels like the last chance to buy before the covid recovery progresses more.

The reit also recently invested $1 bil in Europe's data centre.

As mentioned previously, I feel a little risky.

Only have around $3k left in IG available funds.

If Tesla takes a big hit, or Singapore REITs in that account, then I need to take some actions.

But there are some actions I can take.

Transfer the REITs to share financing accounts.

Dip into $10k cash reserves.

Liquate shares.

Borrow personal loan.

Sell my silver.

At this point, I have line of defenses, and if needed, I will consider them.

Another 3 Teslas

 

Bought another 3 Tesla share.

Was thinking if I should get greedy.

Maybe buy 5, 10, or 17 Teslas.

Cause I just recently got FCT, which I spent more on that. 

Around 12k SGD.

But decided to get 3, to be more prudent.

Anyway if I want to get, I can always add on.

And also, it leaves me more room to purchase again when it falls further.

The next lvl to buy will be the blue line (200SMA).

I am also more leveraged now, it is good to have a balance.

To be aggressive when there is fear.

At the same time, hold back a little bullets.

And many of the bullets are borrowed.

Come to think of it, the reason why I felt a bit greedy was due to many positive comments about Tesla.

Biden is pro-green, and might give more tax breaks for EVs.

Many youtubers commenting too, like Tesla is giving many hints about the vehicles they expect to produce.

Even Elon Musk said 'Yes.' to those comments.

Heart Fraser Centrepoint

 

Was thinking for a while that I bought too little FCT when there was opportunity in past few months.

Today had another opportunity, and was happy that I got it.

For some time, I wanted to have 10k shares of FCT.

They also recently sold away Bedok Point which was not good.

That was a good re-org.

I set the price to purchase at $2.4.

At past dividends of 0.12, it will be 5% yield.

I keep it at IG account, which gives me a profit of 2%.

And I am buying with debt, with the intention to possess it in future.

It is like using future money to invest, when the price is good.

Price dropped last week and today Monday due to fears that Singapore Covid cases rise again.

It did not matter much to me, as sooner or later, they will go back to normal, however many years they take.

I just feel happy every time I visit North Point in Yishun, I am visiting some thing that I have a share of.