To The Moon

🌟🌟🌟We do not remember days, we remember moments. My 2024 Tiger Moments have been filled with little moments that may seem small at that time but on hindsight, I look back and realise that I made the right decision. 2024 has been an eventful year. To recap, Japan's historic decision to end its negative interest rate policy led to the dramatic Wall Street crash in August. Due to the unexpected interest rate hike by Japan, the Dow Jones, S&P 500 and Nasdaq Composite fell. Tech Giants bore the brunt of the crash with the Magnificent 7 stocks losing nearly USD 1 Trillion in market capitalisation. Nvidia alone saw its valuation drop by USD 168 billion while Apple lost USD 162 billion and Amazon lost USD 72 billion in market capitalisation. I remembered buying Nvidia then as I thought this is a golden opportunity to invest in this phenomenal company which has a dominant market share in specialised AI chips. Then in September the Feds announced its first rate cut since the pandemic recovery, reducing the Feds Funds rate by 50 basis points to a range of 4.75% to 5.00%. This is a pivotal moment and marked a departure from the aggressive rate hikes implemented to control inflation. On September 24, China's Central Bank unveiled its biggest stimulus since the pandemic to kickstart its economy. After that Chinese stocks and bonds rallied. Asian stocks hit 2 and half years high as plans were announced to lower borrowing costs and inject more funds into the economy as well as to ease households' mortgage repayment. The Chinese authorities also introduced new tools to boost the capital market. One of them is a swap programme amounting to an initial RMB 500 billion. This allows funds, insurers and brokers easier access to funding in order to buy stocks. Another initiative provides up to RMB 300 billion yuan in loans to commercial banks to help them fund other entities' share purchases and buybacks. At that point I started buying more Chinese stocks. In particular I bought $JD.com(JD)$ $KraneShares CSI China Internet ETF(KWEB)$ $Tiger Brokers(TIGR)$ . So far they are doing well. Another defining moment in 2024 was the 2024 US Presidential Election which concluded with the resounding victory of Donald Trump. He became the first modern US president to serve non consecutive terms. The US stock market rebounded with gusto with key sectors such as energy, defence and finance experiencing notable gains. This was fueled by expectations of deregulation and increased government spending. Bitcoin surged to an all time high past the USD 100,000 with crypto related stocks given a new lease of life. I started to invest in Crypto stocks such as $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ and Terawulf. So far Terawulf is the best performing stock for me as it has risen 29%. Then the FOMC Meeting on December 17 to 18, caused the markets to fall significantly on the uncertainty ahead with Jerome Powell saying that the Feds need to be cautious on rate cut, rocking the markets. The Feds have now indicated that there will be 2 rate cut instead of 4 that were forecasted in September. Jerome Powell also said that the Feds is not looking to add Bitcoin to its balance sheet, saying that the Federal Reserve Act does not allow Bitcoin ownership. That caused Bitcoin to plummet to below USD 100,000, dragging crypto stocks down as well. However a dovish US PCE report on December 20 reversed stock market losses as stocks rebounded on optimism that the sell off seen after the FOMC meeting maybe overdone. Investing in the stock market is very much like riding a roller coaster. It can take us to an exhilarating high - especially when our stocks double in value or a depressing low when our stocks drop like a rock to the bottom of the ocean. The main thing is not to jump off the roller coaster but stay the course because the stock market rewards those who have a long term horizon. Amidst all the ups and downs of 2024, I have learnt to be a better investor and not react so quickly to negative news. I feel very grateful to be part of this wonderful community of Tiger Friends who shared my triumphs and boopers. They celebrate my triumphs and commiserate with me when my stocks were down. I will always treasure their friendship as they help create my Tiger Moments - indelible memories that I will always hold dear to my heart. A Big Thank You for being my Dear Tiger Friends to @ icycrystal @Shyon @Barcode @ELI_59 @GoodLife99 @rL @Happy Bear @1PC @AlpineSnow @CMLeong @zuma @CL_Wong @MeowKitty @Thonyaunn @Derrick_1234 @Success88 @melson and so many more.....💕💕💕 A Big Thank You to the hardworking staff at Tiger Brokers for being the glue that binds the Tiger Community together and keep us all engaged, learning and united as one! @TigerStars @Tiger_comments @Daily_Discussion @MillionaireTiger @CaptainTiger @Tiger_SG @TigerClub @TigerTradingNotes - A Big Thank You💕💕💕 From my heart to all your hearts, I love you all. May this Christmas bring forth the Joy, Hope and Love that we all deserve. May the New Year usher new beginnings to a Successful and Prosperous Year ahead. 😍😍😍🎅🎅🎅🎄🎄🎄🌈🌈🌈💰💰💰