Thursday, May 22, 2025

you will never own 1 btc

mathematical fact is most people will never own 1 btc

 

2 years ago it was 27k usd

 

today it is 111k usd

 

from this point onwards, the price of btc will probably run faster than any regular person can accummulate it

 

this means that almost nobody will actually ever own more than 1 whole coin 


got some ppl will own more than 1 btc la

rich ppl lor 

which is not you what

 

another way of saying it

if you set aside $1000 usd / $1300 sgd to buy btc every month over the next 111 months

 

after 9 years and 3 months of buying every month

the price of btc will be so much higher than 111k

that you still wont have 1 whole btc yet

Monday, May 19, 2025

go HAM, dont be GLAM

saw a recent video by contrarian turtle

https://www.youtube.com/watch?v=WdlDcmcEtlM

 

HDB

Avoid cars

Market index

 

instead of

Great Looks All Mortgage

 

lol

 

great video

good in showing opportunity cost

 

2 small comments

 

first is that property flippers are leveraged so their returns are amped

 

of course when comparing full cash property vs stocks, buying property is the worse choice

but this fact is actually not common knowledge

 

but then most people buy property on leverage, and therefore the returns are amplified (must also add financing cost)

 

so not really an apples to apples comparison

but i agree with the general idea

i myself use stocks to grow my wealth, not property


 

second is that he says market index investing, but ownself portfolio all in 5 stocks

 

so indexing investing is only good for me, but not for thee? 


generally generally lah

but he exception

i also exception

then everyone exception lor

 

make joke only. i agree with mr contra turtle.

 

nowadays sinkies absd so cannot play sg property markets, i see so many going into... commercial and overseas real estate? 

 

good luck, you'll need it

Wednesday, May 7, 2025

interest rates dont matter

bank interest rates going down and that worries you?

that means you are a nominal thinking


bank interest rate on cash deposits does not matter


what should worry you is that no matter if savings account interest rates are 3% or 30%, you will never beat inflation with cash deposits in any of the banks


it is sad how many people do not realize this

Wednesday, April 23, 2025

trade wars? new "problem" same solution

tariffs and trade wars

war in ukraine, war in middle east

earthquake here, earthquake there

fire here, fire there

new president, bad president

this problem, that problem

all are the same problem

 

governments have so many problems to deal with

- higher cost of living 

- everyone wants social benefits

- ppl compraining HDBs are unaffordable 


i am a practical person

i fix my problems

higher cost of living? 

just make more money

problem solved

 

all government around the world have the same root problem and almost all have the same solution

 

the root problem is that they printed too much money last time and something is now fuck up

the solution is to print more money to unfuck the current problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

 

the eventual effect is always the same

asset prices will go up

stocks will go up

bitcoin will go up 


you think we're going into a lost decade for the usa and global growth slow downs?

well, that sounds like a big problem, agreed?

guess what the solution is

print more money to unfuck the problem

 

the problems are all the same problem, and the solution is always the same one 

 

look back in a few years and it will be obvious

Thursday, March 20, 2025

talking about s&p500 investing... again

https://sgbudgetbabe.com/buying-sp500-on-sgx/

 

not sure why sgbb put out this article

i thought was misinformation and a sponsored post by state street  x sgx lol

 

s27 is shit

what is "no additional tax", while the others are 30/30/15 %?

s27 still has the 30% wht since its dom is usa

whether the tax is already deducted at fund level or witheld by broker is irrelevant

extremely misleading table

 

one point which i think would need an expert opinion on is

since s27 is still us domiciled, isnt it also subjected to us estate tax?

i believe that it is

whether an asset is liabile for estate taxes based on its domicile, not where it can be bought

 

also amundi prime usa is ireland meh?

they are luxembourg, so still 30% wht

 

voo is also not accummulating

us etfs are all distributing 

 

the amount of factually wrong info in this article should be considered criminal

 

cash? synthetic lse listed irish dom etf on ibkr (eg i500, spxs)

no wht, no estate tax, no platform fees 


srs? blackrock ishares usa on endowus

no wht, no estate tax, but have platform fees 

save 0.38% on wht, but pay 0.3% for platform fees, save 0.08% overall

but ut version is accumulating, and ut are also easier to buy and sell 

 

if poems get their hands on blackrock ishares usa, it is absolute gg for endowus

1 part of me thinks that they are bleeding aum like shit due to poems

1 part of me knows that sinkies are lazy af and scared of  poem's "bad user interface" lol


back to topic

spy and voo sg buyers are financially retarded

max wht, estate tax liable

stop listening to american finance influenzas who are playing with different rules

lagi worse if you got that spy or voo reco from a sinkie influenza


whether the investment is held in cdp or with a broker is a weak point

 

strange that her recent article had so much wrong information

the linked youtube video 7 months ago was actually good information but long winded

only missing a part about synthetics that would reduce wht from 15% to 0%

 

but i get it

sinkies damn humji

synthetics = risky, sure die and lose all the money

 

just wanted to point out that even objective info from finfluenzas not always correct

Wednesday, March 19, 2025

most of you dont need the liquidity

i only know a few instant withdrawals available in sg


maribank invest saveplus: $10,000 

wise interest: $17,000

chocolate finance: $20,000


wise was unlimited, but they restricted the amount lower, which is smart


instant withdrawal feature on money market funds that cost like 0.1% is a feature i would pay for


in reality, most of people dont need instant liquidity on their entire balance


most people dont realize that certain investments or lifestyle choices will turn them extremely illiquid (eg real estate and cars)


i dont know whats the opposite of a sweet spot it, but that would be fixed deposits

mediocre rates for extreme illiquidity


cash - unlimited liquidity, possibly low rates

instant withdrawals - $27k a day, enough for 99.9% of you

money market funds / tbill etfs - takes a couple days, no cap


if you need more than $27k instant liq within the day, the problem is you and your inability to forecast expenses and smartly decide where to park your cash

Monday, March 10, 2025

chocolate finance is probably solvent

still stupid though


i said it before, so no harm saying it again

"this is beyond stupid"

it is a fairly retarded product for consumers, but then again the average consumer is financially retarded

so in all fairness it is a match made in heaven


since my last post, i will correct myself to say that they are not a ponzi scheme

the chocolate finance business model is earning from the kickbacks given by funds that they allocate to


this model only exists in asia where it is legal to bribe unit trust brokers to push products

this is illegal in many countries


as a consumer, its a very convoluted way to eventually just get money market returns


i do not have an account with them and i am avoiding them