Saturday, 20 July 2024

Bought back into the cult and sold QQQM

 Stoks

  • Bought back into TSLA to play earnings next tuesday, made a agreement with myself to keep allocation to roughly 10K SGD worth.
  • Unless prices really get even more attractive but will see how it goes.
  • Big news over last week where Trump was shot, making markets fearful while crypto soared almost 15% over this week.
  • Speech from Biden and Trump also spooked the market esp towards the semicon industry and additional tariffs for Chinese goods.
  • DBS took a dump of almost 3.27% and OCBC 2.03% from last Fri closing, probably due to sector rotation as market prices in rate cuts.
  • No issues as long the company can maintain its 50+% payout ratio and continue to increase profits Q after Q.
  • Still see banks as a better play than reits, if banks paid 90%, yield will be at least 10% at current prices.
  • No rights and issue of debt required for them as well so no dilution.
  • Looking at the charts, TA may take D05 back to 36 which is a 6% yield, last bought at 36.46 around 5.92%.
  • Sold out of entire QQQM position as influenced by ML where markets should start to slow down towards end of the year.
  • Accepting my fate if things doesn't go my way.

US P/L 265375.55

SG P/L 62119.54

Down-ed approx 16.7K SGD from banks dumping.




263022.13 SGD, redeemed some for DCA

1.3406 USD FX

Plan to buy SGD if USD goes up more





Bought TSLA, Sold QQQM



64.08% Banks

0.43% US Tech

35.49% Cash

Life
  • Trader fren kept his promise and returned a day before deadline.
  • Went for 3 IPT this week, turns out they paid lesser than IPPT attempt probably due to shorter duration.
  • Mini style appeared on the right eye and managed to pop it since the right always seems to be caused by continuous late nights and junk food.
  • Decided to skip one day of push up so as to destress the eye but will still go for the light training at Bedok FCC...pkl

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