To The Moon

Summary sale / purchase by Ms Cathie Wood : Sold - 139,642 Tesla shares at $192.22 per share. Total sales proceeds - $26.84 Million. Bought - 268,928 Coinbase shares at $66.30 per share. Total purchase costs - $17.83 Million. Bought - 320,557 Block shares at $61.88 per share. Total purchase costs - $19.84 Million. Ark funds forked out additional $10.83 Million to complete above 2 purchases. A few things came to mind when I came across above news article.. The obvious question is “Why did Ms Cathie Wood sell $Tesla Motors(TSLA)$ and used the proceeds to fund additional purchase of $Coinbase Global, Inc.(COIN)$ and $Block(SQ)$ ? Before examining each reason under t

My Most Successful Investment During the first quarter, my most successful investment was probably locking some of money into the fixed deposits before the rates dropped across the board. I was hoping for interest rates to continue going up but the signs were there that interest rates in Singapore would dropped based on how the yield for Treasury Bills(T-bills) issued by Monetary Authority of Singapore were dropping. Luckily, I managed to lock in some before the rates dropped. The institutions which offered higher interest rates more than 4.1% p.a. for fixed deposits were under RHB bank, CIMB bank and Sing investments and Finance limited and there were some promotions rates offered during the Chinese year period. I also removed a huge chunk of my US dollars from brokerage accounts and put

After three years, TikTok is once again at a crossroads: "SELL" or "BAN"?TikTok CEO Shou Zi Chew attended a public hearing for the United States House Committee on Energy and Commerce for the first time.Shou Zi Chew is the CEO of TikTok, he was born and raised in Singapore. After completing his military service — mandatory for most male Singaporeans — he left to study economics at University College London (UCL), a top British university, graduating in 2006 and working at investment bank Goldman Sachs for two years.He moved to the United States to get his master’s degree at Harvard Business School and met his wife Vivian Kao. Now, He is a husband, and father, currently residing in Singapore with his wife and two children.The most concerning questions during th

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 6,955.20 points, down -0.56% in the past 5 days.During the last 5 trading days, $Evolution Mining(EVN.AU)$ $PERSEUS MINING LTD(PRU.AU)$ $NEWCREST MINING LIMITED(NCM.AU)$ $AGL ENERGY LTD(AGL.AU)$ $Imugene Ltd(IMU.AU)$ were up 14.34%, 9.91%, 8.51%, 8.44%, and 8.33% respectively.1. $Evolution Mining(EVN.AU)$ - advance progre

US market on Wed (22 Mar) traded directionlessly until 2:00pm when the FOMC meeting was over with the press conference by Mr Powell, hot on the heels. When the 0.25% interest hike was confirmed, market “reacted positively” initially. It was afterall the much anticipated 0.25% and not the much feared 0.5%. The “euphoria” proved to be short-lived as the press conference pressed on with Mr Powell further confirming that there would be no let down from the central bank in their fight to bring inflation down. Personally I think, it is commendable that the Fed Reserves provides a clear direction of where they are heading without being ambiguous. Doing so minimizes “speculations” of any sorts to be postulated by Wall Street to smoke-screen and “fool” the general public. Agree ? By The Time Marke

Morningstar notes: Buy Berkshire Hathaway $Berkshire Hathaway(BRK.B)$ $Berkshire Hathaway(BRK.A)$ stock for Warren Buffett’s steady hand during crises.Why?The company's long history of aiding failing banks is one reason for investors to buy Berkshire Hathaway.Recently, the market has noticed that The “Oracle of Omaha” has been in contact with the Biden administration in recent days about possibly investing in regional banks in some way.“On multiple occasions over the past two decades we have seen firms seek out capital from Berkshire on the belief that the ‘Buffett Seal of Approval’ that came with that capital injection would reduce the pressure on their shares,” Mornings

Introduction $Advanced Micro Devices(AMD)$ has been on a tear in recent weeks, rising for more than 27% for the month of march. However good things don’t last long and in this post, I will share why I think AMD rally is probably going to end soon (mainly from a technical analysis stand point). About AMD I think AMD needs no further introduction as it is a very popular stock among traders. AMD is a semiconductor company that operates globally in four segments: Data Center, Client, Gaming, and Embedded. It offers a range of products such as x86 microprocessors, graphics processing units (GPUs), chipsets, data center, and professional GPUs, and embedded. All these are the fundamental building blocks for Artificial Intelligence (AI). AMD's Stock Curre

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