I think bitcoin’s new low merely reflects the movement of funds to other areas like AI, aerospace and resilience areas such as healthcare. There is no reason to put money in bitcoin and other cryptocurrencies when in the near term there are clear stocks that can almost guarantee good returns for the next 1-2 years. With the US market being resilient, I think market fears rate hikes which would impact tech and AI stocks. Market has pulled back slightly on Friday in a knee jerk reaction. Market taking a breather now is also expected as the rise this year has already cause many of the indices to hit 52 week highs. I think the market has mostly priced in the oil prices and potential of inflation being sticky but market always reacts to the potential for rate hikes. As long as there is no s
Definitely won’t get on board next week. The cash burn is scary. The storyline is great but sounds close to fantasy. Humans on mars? Scientists have not even found water that is essential for life and only selected fit astronauts go there. I think it will take a good number of years before even humans can go there for a tour and this will be limited to the few rich ones- how to rapidly turn profitable? How to support a lunar factory unless it is not manned by any humans or water is transported to mars too which is costly. AI data centres in orbit sounds maybe like a more feasible short term goal. Otherwise this stock sounds like for anyone who is willing to pay a part of Elon’s dream which can be very speculative. I prefer to await for better clarity on its prospects and potential for real
I don’t believe in Musk’s ultimate civilisation story. Scientists have yet to find water on mars to suggest that life can even be sustained on mars. A tour to mars for a few hours perhaps but I don’t think civilisation is scientifically viable at this point. So I definitely do not think this vision is worth paying for and there is already much hype to it that it is crazy expensive now. I consider this for speculation and not as an investment. Musk is visionary and he is capable of execution as shown by Tesla. However, he is eccentric and I think it is futile to fight against the essential basics of living that has not been established yet. This eccentricity might work against him. So, for now, I prefer to stay away. @HelenJanet
I am invested in the chips but not the rest. Although storage still has a good and safe runway for at least the next 1-2 years, the run up has been rapid and I do not know how long this can sustain for or a crash might come soon as many one’s cash out. Or I would prefer to stay out of MU for safety. Data centres and power crunch that might come are still too early to ascertain the winners. Data centres take time to build and consume much energy and space. So, I think the upside can be limited. Potential sources of energy are plenty including nuclear and hydrogen, so it is still not clear to me which sources would prevail and with the limited cash that I have, I would like to have greater clarity before investing. It would be better to make less than to be a bag holder. Also, there are just
The COE is insane but demand for a car will continue to drive this up. Personally, I don’t have a real need for a car and cannot justify spending so much money to buy an asset that depreciates immediately upon purchase. I will stick to my MRT. If necessary, the ride hailing services in Singapore is also convenient and competitive and all in, is still cheaper than getting a car. Also, it is better to be driven around than to drive my own car. I think byd has pretty much saturated its market share in China and has to look at Southeast Asia market to increase its market share. Indonesia looks like a promising market and is big enough. Also, EVs is a mature market in China unlike many of the Southeast Asia markets where there is still untapped market. For a premium market of $300k, I think