China pump liao but not so good for DBS this week

 Stoks

• TLDR, CCP decides to use their money printer for the economy, cutting rates, asking banks to lend more and giving cash to citizens to spend.
• Entire CN/HK market rallied doubled digits, BABA broke 100 and PINGAN went from 37 to 48 in a week.
• Was contemplating to get PA but decided not to due to the lower div payout, turns out it was a big mistake lol.
• Too bad, you didn't miss the boat if you weren't planning to board it in the first place.
• DBS lost almost 4% since the last week as I feel BB may have started to move funds into China prior to the upcoming QE there.
• Bought almost 20K of banks and 12K of Link this week.
• Entered new position into VUAA in IBKR, started dca every 2nd of the month from upcoming week.
• Left with around 10% cash in Tigers, will slowly start CSP plays on TSLA/NVDA. 
• Will hold on to cash abit tighter from now.

US P/L 264234.44

SG P/L 108656.51

HK P/L 187693.16

IBKR C57993.72 $60034.73

Down-ed approx 30K for Tiger, 0.14K for IBKR

Redeemed entire SGD MMF

1.2758 USD FX, still depreciating

+400 DBS, 500 OCBC

+2000 LINK

Life

• Wanted to start daily 2.4km run, failed on the first day.
• Managed to start on the second day only to get a stye on the right from the next day.
• Stopped all forms of exercise since Wednesday, bloody good timing.
• Cancelled my IPT training as well, subscribed for Grab promo...pkl

Fed cut rates liao, market go ATH again

 Stoks

• Finally after more than 2 years of rate hikes, JP lowered rates by 0.5% for the first time although I expected 0.25%.
• 0.5% originally signaled bad news as higher cuts would mean something wrong was going on in the economy.
• But he assured all is well before markets broke ATH the next day.
• Didn't buy anything in the US markets but went into FCT for my main portfolio, I always liked the reit due to its pure exposure to SG only.
• Got a few buys totaling to 10K shares, averaging 5.2% div pa.
• Will continue to buy more as prices go down, take as diversification from banks and locking in the rates as MMF goes down.
• Wanted to get more Link reit but seeing it rally to almost 40 made me hesitated.
• Another strong week for SG banks esp DBS, big bois must be finding places for funds from MMFs to higher yields.
• All time high close for DBS, still at 5.5% yield not too low yet.
• Still have around 170K cash in 2 separate accounts for dip buying.
• Tbh i don't know where to deploy funds if I were to realized DBS gains, US def no go, HK not really into them.
• No point to kill my goose unless DBS shoots to 60 then perhaps may trim.
• PF actually hit 52 week highs but still very far from ath since 2022.

US P/L 264205.44

SG P/L 138484.86

HK P/L 184143.40

IBKR C58134.56 $60034.73

Up-ed approx 22K SGD for Tiger, 600 SGD for IBKR

140708.54 SGD 

1.2872 USD FX, currency getting whacked. 

+10000 FCT

Life

• Burden Wang has been a naughty boi this week, from wanting to bite neighbour's cat in the start of the week to actually chasing the bicycle when the leash was dropped.
• Getting angry and biting the treadmill which has officially become its biggest enemy now.
• Even scrapped my foot when I brought him to lvl 7 cause he decided to long me as I ran up the stairs.
• Thinking of buying RLX again, jialat the addiction is real. Looking at starbucks, godzilla and vintage GMTs...pkl

Small dabble into Link Reit

 Stoks

• Generally good week for both US and SG markets.
• Perhaps markets are moving up in expectations to the 0.25 rate cut next week and funds are moving to lock in the div yields in Asia markets.
• Bought into Link Reit after considering the fact that it's a large position in CFA and the low gearing compared to usual S-reit.
• Yield is good at mid 6%, only thing to consider is the fx risk of HKD to SGD.
• Bought TSLA, HESAY and IBIT just to add some colours to the PF.
• Up almost 4% for DBS alone in the past week since better to lock in mid 5% first before fed cuts.
• Still have more than 15% Cash for standby, while 13% is earning the low 3s in MMF.
• PF is slowly inching up to the 1.2m mark, hopefully we can see it breach soon.
• Really roller coaster ride for the banks, 38.55 to 32.75 and back to 37.93.
• Best not to time and buy dips whenever they come so long the movements are from noise and not fundamentals.
• Doubt that I can do another timing tbh.

US P/L 264200.22

SG P/L 117003.52

HK P/L 181143.40

IBKR C57500 $60034.73

Up-ed approx 35K SGD for Tiger, 1.6K SGD for IBKR

140620.70 SGD, withdrew 18K from MMF

1.2943 USD FX

+2000 shares of 0823

Bought the dip on GOOG and META

Life

• Went for IPPT for BFCC, met a mutual friend and got silver each so extra $300.
• Managed to hit under 12m for a long time since then.
• As usual, ez for push ups, surprised to hit 58 with almost 15 to 20s remaining iirc.
• No excuse for sit ups, planks definitely don't help in endurance.
• Thinking to get another BPF 16613 or shall I get a Garmin for running...pkl

Huat for reits but too bad me no have alot

 Stoks

• Rabak week for US markets, esp QQQ which fell more than 6% since the past week.
• Now bad news is bad news and bigger rate cuts would mean economy will be falling into recession in a matter of time.
• No more rate cuts means better for the markets since the fall of USD equals to funds flowing out into other markets.
• Meanwhile SG reits went on another run with CFA gaining almost 2% in the week, even higher for individual reit counters.
• Local banks actually ran up quite abit in the first 2 days of the week but lost most of their gains as people took profits i guess.
• Markets simply doesn't need a reason for pumps n dumps.
• Made some changes to IBKR and sold off majority of US stocks before buying back on Fri.
• Used the account to buy DBS, OCBC and CFA for ~10K SGD each, bloody expensive comms.
• Compared to Tiger, almost a dollar more in comparison. Looks like only worth for US markets.
• Won't be touching that anymore, not worth imo.
• Sold a random 200P on TSLA and earned around 5.22USD, not too bad for a free meal.
• Time to go slow on buying spree, needa conserve ammo.

US P/L 264200.22

SG P/L 81599.82

HK P/L 180182.95 

IBKR C55784.70 $60034.73

Up-ed approx 4.5K for Tiger, will update IBKR next week.

158286.34 SGD, withdrew 20K from MMF

1.2996 USD FX

Tf 10K over to IBKR

Bought 300 more DBS to complete holdings

IBKR holdings, pure estimated asset value

Life

• Applied HFE for us as well, if they give a chance why not?
• Went to Bedok Mall to settle Swensens voucher from agent fren, dropped off library books with her as well.
• Weird that aircon guy hasn't updated me on his availability, business to the doorstep unless he's super popular.
• Collected new IC from Singpost, half of life is officially over...pkl