Skip to main content

USD110 profit from Tesla in 5 days and Standing by $100k for stocks deployment

As mentioned in my previous posts, I am now diversifying out to foreign stocks via Tiger Brokers. 

Within 1-2 months of account opening, I had pumped in SGD$40k in HK, US and local stocks. As I mentioned in my previous post, there are some merits of using Tiger Brokers to buy SG stocks due to the lower fees - the only thing is it's not stored in my CDP, which I'm fine with.

On HK stocks, within just 1 week of my purchase (yup, I pumped money within a span of 2 days), the value has fallen and I'm sitting on ~SGD$3k losses.

USD110 profit from Tesla in 5 days


For US stocks, the volatility of their market makes trading exciting and scary. When I bought Tesla at $395, it went down to $340. And the following day, it rose up to $428. I wanted to test out how it's like to sell stocks, and it was easy. The only problem was, I didn't manage to sell at the profit I wanted ðŸ˜”

The profit is now sitting in my account waiting for my next purchases.

I'm not advocating any stocks to buy as I'm only a novice. I'm sure people would have gotten an even better profit from their trades, but at least I'm starting somewhere....

Rethinking my financial strategy

Which is why it got me thinking about my financial strategy.

Was I too conservative? 

While I managed to amass $300k cash before I hit 30, I have also been thinking about lost time and opportunity. Could I have been generating more passive income if I had diligently invest 7 years ago?

As of today, I've pumped in $111k in stocks, sitting on $23k paper losses. 

Standing by $100k for stocks deployment

I've been thinking about deploying another $100k cash into the market. Let's just hope I don't think and think and miss the boat again.

I will keep a $100k cash as a safety net.

It sure feels good to have disposable cash to deploy. 

Referral

If you are keen to use Tiger Brokers and you'd like to receive stock vouchers to offset your stocks purchases, kindly use my referral link (click link) and/or enter code (SBSL8) or scan the QR code to sign up😊I will receive stock vouchers depending on how much you have topped up for your first deposit.

As of today (30 Sep 2020), a top up of $30,000 (instead of $30,001 previously) will grant you a $100 stock voucher to offset your purchase. Do note that the stock voucher is only given for the FIRST top-up. So you may want to think carefully how much first deposit you'd like to put in.


You may wish to read link on how to set up: 

Comments

Post a Comment

No rude messages please. Unkind messages and spams will be blocked and deleted.

Popular posts from this blog

I finally cross $700k networth, after 1 year 4 months

I wondered how I should kickstart this post - should I be positive or negative about this? After 1 year 4 months, I finally crossed $700k in networth - returning back to where I've been at, back in Dec 2021.  I am disappointed.  For the past many years, I've always been growing my networth, at around $100-$150k/year. I had big plans to hit a net worth of $850k by December 2022, but the universe had other plans for me. Instead, I only managed to reach $646k, leaving me with a $204k gap to my target.  Ever since I became more aggressive in my "investment" portfolio in 2021, being sucked by greed to deploy most of my cash into stocks and crypto, I fell heavily, along with the crashes. Crypto wiped out 5 digits savings, so did the stock market.  To be honest, ever since the crashes and a bad hit to my net worth, I actually didn't do anything special to improve. I didn't make drastic spending cuts, I didn't stop my holidays, I didn't continue investing (no
2 comments
Read more

Cashing partial BTC out at 50%+ profit

My first foray into crypto was during the hype. Back in Feb 2021 During Feb 2021 to Jun 2022, I added in bit by bit - DCA as what they say. BTC, ETH, MATIC, SOL and even the horror LUNA. Thereafter, as crypto crashed, I stopped, praying one day it will rise back. And today, as I found that BTC is now at ATH, I decided to cash out 1/4 of my BTC for some profits. It's still a far cry from the amount I've lost, but I'm glad I could recoup some losses. Just to detail for my future reference, I transferred my BTC from ledger to coinbase. And sold my BTC on coinbase to SGD, incurring an atrocious fee of $130 and GST of $12. Gone are the days of cheap transaction fees.  Please let me know if there are wiser/cost effective options. In total, what I took back was a profit of 50%.  May BTC rise up more so I can cash out at 100% profit next. -dated 9 Mar 2024-
Post a Comment
Read more

Extremely bad start with UOB One

With the influx of posts on social media re UOB One (psst on grabpay) and the receipt of my house keys, I decided it was the time to sign up for a UOB One account plus credit card. It was gonna be the best tool for household joint expenses and joint savings. However, I've faced multiple hiccups that made me VERY frustrated....WHY ME?! 1. Delayed approving process led to losing out of sign up bonus First, I signed up for the UOB One card and Account in early Oct through Singsaver's promotion. The promotion said that I'd get to enjoy cash incentive for registration + UOB's promotion of $80 cash credit with min $1k spent within 30 days of card approval. Mind you, t hese terms were stated to end on 31 Oct , extracted below: S$80 Cash Credit for  UOB  One Account:  Limited to the first 500 new to  UOB  Deposits customers who either (i) deposit and maintain $5,000 or (ii) credit their salary, into their new  UOB  account for 6 consecutive months. Terms and conditio
11 comments
Read more