To The Moon

Hacker trying hard to steal your hard-earned money There have been several news reports about Singaporeans losing money to online hackers/scammers. SGD1.4 trillion has been lost to scams globally. Singapore victims lost the most on average. This is a risk we cannot ignore. I will talk about the habits and practices I adopt to reduce this hacking/scamming risk. Ensure smartphone settings are set to minimize security risk The most dangerous device to be hacked in my possession is my smartphone. I guard my phone with the same level of security as I did for my rifle during National Service today. If you own an Android phone, this is the most important setting to avoid being hacked and losing money. Disable the "install unknown apps" option. It will prevent accidental installation of malware wh

In an earlier post, I wrote about how I made a stable income on FTX before the whole fraud unravelled. It is easy to learn the wrong lessons in investing because an investor can make money despite being very wrong. Customers of FTX who escaped with some profits should not gloat about it. They were wrong and should count themselves as lucky. I was lucky. Regardless of whether the outcome was good or bad, this disaster calls for post-mortem reflections. Right till the end, I never suspected Sam Bankman-Fried (SBF) to be a fraud even when the bank run was intense. I was duped. Thankfully, I assumed that crypto was unsafe and was constantly on alert to look out for warning signs. I registered as an FTX customer in 2021. From t

To help me track financial markets in a customized format to my liking, I developed websites available for free to the public.Here are the results for 2022.Top ranking of stock indices in 2022 (USD-adjusted). Source: https://market-observer.addvaluedonoevil.com/ranking-of-stock-indices/The ranking of the stock indices is adjusted to USD. An investor can make good gains but the gains can be lost from a depreciating currency. Investors cannot ignore currency movements. Ignoring them will lead to a distorted reflection of the purchasing power made from their investment gains.2022 has been a sea of red for stocks worldwide, as can be seen from the year-to-date performance of global stock indices. It is an achievement if you managed to break even this year in your stock portfolio.Straits Times

FTX has been exposed as a fraud and is now bankrupt. I have lost my funds on FTX, although I withdrew most of it before the collapse. I owe it to myself to reflect deeply on this event. I also owe it to my readers because I wrote 2 positive articles(1,2) on FTX in the past. I was not paid a single cent for writing the articles. I wrote them on my financial blog because I was a happy customer of FTX. Some people gloat over the investment losses of others. Some people get resentful when others are profitable. I do not wish to indulge either group. Hence, I do not wish to talk about how much I eventually made or lost from FTX. This information is relevant only to me. The important content is the lessons to be learnt from this disaster. Why was I so enthusiastic about FTX? My experience with F

This has not been a good year for my stock portfolio. This year had been characterized by bear market rallies which whipsawed my stock portfolio (more on that later). It is a year to be remembered for risk management and survival through decisive exits. About 4 months ago in June 2022, I decided to move into China/HK stocks after the market showed some signs of recovery. 3 weeks later, I decided to exit China/HK stocks because my China/HK stock picks performed poorly despite a good performance from China/HK stock indices in June. I wondered what was wrong with me then. Usually, my stock portfolio will move hand in hand with the indices but this time, I lost money despite the indices going up. Either something is wrong with me or the market is telling me there is worse to come. I cannot all

One day before Singapore's National Day celebrations on 8 Aug 2022, Hodlnaut threw a bombshell on their customers. The company was going under. Hundreds of millions(estimated $500m) in customer deposits have been frozen.I have been following Hodlnaut closely since last year after I signed on as their customer. I even got my wife in as well. I believe I am qualified to give my opinion on what happened with Hodlnaut.How I would react if I were a Hodlnaut victimAlthough I managed to escape from the Hodlnaut disaster, I have had my fair share of gut-wrenching losses from questionable investments. I have given some thought to how I would react in a similar situation and I would like to share it with Hodlnaut victims. If the money lost is not too much (say, a few months of work income), it is be

I'm honoured that one of my articles are among the top 10 articles in the Tiger Community. Thanks!

Thank you for selecting me as one of the popular Astronauts. I am glad my posts read by the community. Hope they have been useful to the Tiger community.

Thank you very much for the compliments. This encourages me to contribute more to the Tigers community.

2 months ago, China and Hong Kong stocks looked like they were making a recovery and I decided to resume purchase of China/HK stocks in June.https://ttm.financial/post/9056115067It was not a profitable experience for the next 3 weeks. The HK/China stock market did not seem to act right. Maybe something was wrong with me since the China stock indices were going up in June but my portfolio was not showing similar performance. My losses were telling me I was not in sync with the market. I decided to exit the trading positions to protect both my financial and mental capital. For long-term investments, one should give the portfolio more time before exit.https://twitter.com/Market0bserver8/status/1548624639907151874?I was mostly