ikigai? more like, its a lie

one popular influenza like to say ikigai ikigai ikigai

not going to say who, but you probably know who

 

 

that chart is not what ikigai means

 

that is what white people writing self help books think that ikigai means

 

 

 

my understanding of ikigai means contentment, with regards to their own life's purpose

 

ikigai is not a singular thing, as one can have many ikigai 

 

maybe for that influenza, his ikigai is doing what he loves, he is good at, that the world needs and what he can be paid for

if doing that makes him feel fulfilled about life, then that is his ikigai

but your ikigai does not need to fall within the holy insection of the above 4 circles

ikigai definitely does not need to be something you are paid to do

ikigai is also not something that the world needs

 

but yes, ikigai typically does involve something that you love 

and interestingly enough, ikigai does not even require you to be good at it

i point this out because it is actually fantasy lifestyle advice porn that most people can find this "ikisai"

if you are one of the rare lucky few, then thumbs up man

for everyone else, it is actually toxic to think that way

 

i dont care for the authenticity of the word and its true japanese original meaning, but the propaganda that people need to find 1 activity that overlaps all 4 circles is actually mentally harmful to most

my free advice:

get a job and that is what you will be paid for

and then find your own ikigai outside of that job

one of my ikigai is talking nonsense on a blog that 20 people read

 

i dont get paid for it

 

it is not what the world needs

 

but i love it

and i dont care if i am good at it or not

trump wins

easy prediction

so many mouth pieces keep talking about the election, as if that really affects anything

from economists on fed rates to political scientists on overseas elections

these influenzas really everything also can do

no wonder why all so smart and so rich 

have the brains to do all the above plus create content with ref links

clap for them

the truth is 

the president doesnt really matter

 

you going to change your investing strategy based on who wins meh? 

 

the course remains unchanged

all governments print money

everyone in the world DCAs into S&P500

simple TRUTHS, not opinions

 

investing is easy when you realize finance is mostly bullshit opinions from poor people 

 

ytd i am only up 7 digits

i was hoping to be up 8 digits again this year

still got 2 months left

 

no choice, the only way is to start saving more

no starbucks, cai png only

credit cards > debit cards, MMF / bond ETFs > FDs / govt bonds

i saw the recent kelvin learns investing

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

wow

FINALLY

after years and years, people realizing about IB01 and ERNA, lol

his story is very long

so let me cut short

IB01 is the default answer for 95% of people

ERNA if you okay with corp bond risk for more yield

he talks about using IBKR as a broker

i agree, IBKR is the best broker 

but

 

big butt here

 

banks also want you "do business" with them 

premier / priority banking always has AUM requirements

and that is where this knowledge can be useful

 

in most cases, securities can be counted as AUM

i say most cases, because i know OCBC doesnt count securities as AUM lol stupid fucks

this means, rather than roll a fixed deposit and have an obligatory talk with your RM about why you humji dont want to invest in any other things and want to roll your FD

you can just buy this, it auto rolls and accumulates, and you never need to talk to them again

amazing product

anyway

myself, i use IB01 as a superior form of FD with the banks

for emergency cash

cash that i know i dont need immediately, but i want it to be cash because of portfolio construction

if i need it back as cash, i sell it against a healthy volume order book, and get cash within a few days

just like how credit cards are the superior form of payment in singapore 

IF YOU PAY IT OFF EVERY MONTH

compared to debit cards

due to the points / cashback

similarly

MMFs and these type of ultrashort bond / mmf ETFs are superior to fixed deposits or direct bond purchases

they are better in every meaningful way: automatic, liquid without penalty

while worse in ways that no one cares: credit risk between govt and banks

 

i will say it again

if you prefer fixed deposits or tbills

you are either uneducated or irrationaly humji

low rates should not affect you

if short term interest rates are 2% or 3% or 4%, it should make no difference to your life

it seems to me like sinkies are ultra fixated in high yield savings account and broker cash management account promotions, tbills and ssbs as REPLACEMENTS to actually taking investment risks

i see the same people talking about all these numbers

2.9%

3.1%

3.3%

who the fuck cares?

1 year returns for snp500?

+29%

you fear drawdowns

i fear that the positive returns that i make are too low

dont overinvest in the S&P500? lol

i watched mr 1m65 and chris tan from providend talk about s&p500 allocation

chris is partially correct. if you suddenly need the money and its all in 1 market and that market is down, then how?

then obviously, you are fucked

so he's right? not really. you are just a lousy money manager of your own money

the goal of an investor should not be to generate a smooth 45 degree linear net worth chart so that at any time if you quit game, you are in profit

a good investor should understand that sometimes, markets go down, and when that happens, you need to hold enough liquid cash (not fixed deposits, not tbills, not bonds) so that you dont need to dip into your underperforming assets to pay for expenses and just tahan the volatility

people like chris are old school and have the philosophy that fundamentals and value are what that is truly important to determine asset prices

that used to be the correct way to think about investing

unfortunately it is 2024

nobody gives a fuck about fundamentals

the only thing that matters is FLOW

where is the money flowing to? msci world stocks? em stocks? lmao, no

when was the last time you bought a large cap in europe or japan? ya, the answer is never

so if you are not buying it, then who is buying it? 

the sad answer is: only other suckers that think "world" or "em" or "value" can suddenly outperform for some unknown reason

compare to the s&p500

millions of people blindly DCA-ing and nobody gives a fuck about P/E ratio, fed meetings, interest rates or inflation rates

new month? buy

new month? buy

new month? buy

new month? buy

new month? buy

new month? buy

new month? buy

new month? buy

if you think your "fundamentals" can win over the flows of money from my infinite army of monkeys, good luck to you

if you think about "who is the next sucker going to be" to buy your assets, you will quickly realize that only the us stock market has endless supply of future flows that are going to keep on coming, rain or shine. other markets? look at SGX and make your own conclusion

imagine advising someone to dca into the sti etf instead of the s&p500

either you are uneducated or you fucking hate that person and want them to be poor

or imagine doing that yourself

lol

the s&p500 will constantly outperform almost everything for a very long time

not because its 500 companies and the usa are fundamentally good investments and a good country

but because global finance is structured in a way that the s&p500 will naturally keep on sucking in money

at this point, it is almost like gravity

why try to fight it? you can instead accept it and go along with it

every single AI powered optimized allocation rebalancing diversified fundamentally driven factor value investing strategy will lose to

a brainless monkey (me) that just simply whack 100% all in s&p500

don't believe me? come fight against me and my infinite monkey army

who cares about total returns? i want PASSIVE INCOME

it pisses me off me how uneducated people talk so much shit on the internet

this is about all the self proclaimed income and dividend investors

total returns = capitals gains + income / dividends

why the hell would you optimize for 1 part of this 2 part equation, rather than looking at both?

are you too simple minded? tiny brain?

this makes even less sense for sinkie investors since there are no capital gains tax to worry about

suck US finfluenzas cock and copy content steal strategy only

example is to only date people based on their looks

personality? values? chemistry? all not important

why need all those things?

everyone knows that the basis to a healthy long term relationship is 100% based on physical looks right

i already know why income investors are not optimizing for total returns

they are optimizing for humji comfort

parking USD

from a recent kelvin learns investing video

for banks, SC usd saver is 3.32% pa for 3m usd, but rate is heavily backloaded

not recommended, unless you love SC, have 3m usd and wrongly think that non-banks are scary

how good is SC premium banking? cards are weak, perks are weak, banking products are weak, but no drama

for cash management, im glad he finally mentioned wise, which i think is superior to SC, unless you are scared that wise is not a bank

more finfluenzas are mentioning wise (both usd and sgd) and i think wise is a good default choice

for money market fund, amundi and fullerton have usd funds

the cash management accounts also all use the same few funds, just like sgd

no right no wrong, all about the same

just use whichever platform you already have an account with and are comfortable with

fixed deposits are a bad idea for cash

so are treasury bills and bonds

strongly do not recommend

cash is supposed to be liquid

you want to be locked in a 1 year fixed deposit when the market drops 20% and it is the best time to buy?

dont be a humji loser

this is my general recommendation for parking usd cash:

for max yield and good liq, buy ishares 0-1yr treasury bond etf for self-rolling tbills through brokerage

for convenience and instant liq, wise usd interest