Bank fears, BTC to 1million in Jun?

 

• Strong rally from US market, esp semi-conductor stocks like NVDA which gained almost 14% in the past month.
• Reason being the change of narrative from meta-verse to now AI which requires chips and only the strongest will stand to benefit.
• Despite earning from SPY premiums, depre of USD made my gains net net like wtf?
• After annualizing div yield from O39, decided to went it at 12.39 which reflects almost  6.4% although I could have bought at under 12 a week earlier 😑.
• Even if div gets cut by half to a total of 0.6 for 2023, yield will still fall at 4.8%.
• Will plan to DCA with funds from MMF which now hold almost 295k at a 3.8% pa return while earning at least $30 per day if share price stays flat.
• SPY managed to hit 402 this week but fell back to 390s, lucky for me sold new weekly puts on red days.
• Open 5 contracts at 175 for TSLA, total premiums will range from 2k and above which is decent.
• Received first payout from AIMS at $2994, next pay date will be in May from OCBC and then Aug.
• Will be doing periodical withdrawals for consumption if not deploying into MMFs. Hoping markets doesn't do massive runs any time soon.

TB doesn't factor div in P/L so adding another 2994.04 SGD.

Putting as SGD due to future withdrawals will be based on local currency, as usual +/-  803249.316

Life

• Apr will be the last month for my pt job, may travel more after that?
• Went for poly friend's wedding at Sentosa, definitely not worth for the 280 AP but then oh wells, once is good.
• Count down to retirement plan part 2, 5 more shifts to go...pkl

Banks toh, money flowing to crypto?

 Stocks

• Tech outperformed entire market due to US bank issues, too long to describe but they all screwed up.
• Closed all of my TSLA puts, switched over entirely to SPY options.
• Will look to sell 2% spread which is equivalent to $4/1% accordingly.
• Did some calculations below, current gains stands around 121K.

• All in all, 656.12K USD as start in cash balance for TB since 8/2/23

Life

• Came back from BKK on Mon, bought the 2nd hand rack from Carousell.
• Gave notice for PT job, will leave after Apr.
• Sent car for last servicing, do I really need to get another car?
• Another wedding for friend next week, another $288 gone, tmd.
• Will be getting 3K from Aims next week, first and last SG dividends...pkl

BaCk to Square 1

 Stocks

• Compared to last week, both SPY n QQQ gained while TSLA stayed flat due to the mismatch of expectations for Investor' Day.
• Most were expecting a cheaper model or something to be revealed but turns out it was just them trying to say how they were gonna make the environment better.
• Personally, I found this to be good.

• Sold all of OCBC and DBS in order to fund my entire US portfolio.
• Based on amount on a 7% return annually, weekly premiums have to be around 890 USD which imo is easy to achieve. 
• Put another 100K into TV but if rates become unattractive, will move them out for premiums farming.
• Portfolio went down by another 3K SGD but I'm confident to earn at least 2K USD per week from hereby after.

Est value of PF stands at 1024K after including recent 120k TV transfer, 3k due to FX rates.

Life

• Went for climbing friend's wedding, will have another one at end of the month at Sentosa, money gone liao.
• Turns out life policy bought was in fact an ILP, will probably surrender it in the days to come.
• Gonna get them racks.
• Bangkok trip next thurs...pkl