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Year: 2022

Careyourpresent: Frozen. Let it go!

Posted on July 25, 2022September 27, 2023 by careyourpresent

Everyone has watched this show before – Frozen. One of the key song inside is “LET IT GO”. It’s a animation, it seems easy and fun to let it go, but in real life this is very difficult. How many people can really really let it go? But in real life, we have let go many things and have to keep let it go! However, it is really really very tough!

Can you remembered how difficult it is to let is go? Let me share snippets in life with you.

  • Baby time – can you easily let go of your milk milk and diaper? For those who have kids, you would definitely remember that it very tough for the kid to let go of their diaper. They usually have a period of not willing to give up diaper.
  • Sit, walk, run, eat – As parents, do you feel sadness, difficult as they move from each stage of their growing? From learning to eat mushy soft food to eating normal food, from lying down to starting to crawl, flipping over, sit, walk and run…Remembered the first time to let go of their hands to let them walk themselves? Remembered their first time in playground?
My son who always stopped suddenly at the roadside to admire the plants, leaves, flowers. Now he stopped lesser, but he remembered that we always stop with him.
  • Preschool transition to Primary School – Many kids are worried on the first day of their Primary School. Many kids jitters to leave a place where they are in for more than an working adult is in office daily (I bet many people never realized this). Yes, you didn’t read wrongly. Pre-school opens from 7am to 7pm with no annual leaves, Adult works from 8.30am to 6pm with annual leaves. Did you suddenly realize that your kids have been put into a place daily without annual leaves for the first 6 best years of their live? Careyourpresent please. Back to kids, they can’t let go of the places where they are in for years. As parents, you can’t let go for them to move from pre-school that need your helps for almost everything to semi-independent young kid in Primary school.
  • Lower Primary – Primary 1-2 etc is where they need you most. Morning they go school, after class they come home (for those who have this luxury of letting them come home, thanks god for Covid which push the WFH trend). However, there are lots of kids who goes after school care while parents are fighting hard at work. By the time you pick them from after school care and ask them, “How is your day? Do you have anything interesting to share with me?” Most of them will just say no because you already missed the chance for them to share with you unless you asked them this question at 1.30pm after school. The chance to share is only at that moment while it is still fresh in their mind after school. Can the parents let it go for their work and bring them home (example live a lower standard of live with only single income family)?
    • If we don’t let it go, how can we expect the kid to let it go of their work/family/friends to come a visit you whenever they are free etc when they are adults while you are aging in your 60-80s? Or they will give the same reasons as what we have given to them now?
    • “We put you in childcare because we can’t take care of you as we have to work to earn income for family, especially for you – my dear child.” “We put you in nursing home because we can’t take care of you as have to work to earn income for my family, especially for you – my dear parents.” Remember, they learnt from you through your action.
First day of primary school with my son. Do you still remember?
  • Upper Primary onwards – As they grow more busy with school work, CCAs, friends etc. They will have less time with you. If in their earlier years (preschools, lower primary etc), you didn’t spend time with them or open up yourselves to let them be comfortable to share things with you. Do you think they can let it go of their true feelings to share with you now? Do you think they can let it go of their time to do things they like and spend time with you? Once the time is missed, it is gone. But money can be earned back.
  • After graduation, starting work – Many of us while we are in schools, we are tired of classes/exams and hope to start work sooner to earn own upkeep. We want to let go of our 20 years of study life. When we start work after a while, many of us actually wanted to go back to study. However, can you let it go of your monthly stable income? The golden handcuff?
  • Changing job – Once you are in a job for quite sometime, happy with the leave, medical etc benefits, monthly salary, bonus etc, colleague/boss, environment etc. Are you willing to let it go and leave to spend time with your family or other things that are important to you even if you have earned enough? It’s very difficult to let go of your monthly paycheck, social/company status (especially for those leadership roles such as our manager, director etc role). Can you let it go while your family still need you or you simply need more time for yourselves, quit and spend time with family/yourself when you have enough? Especially those in your 30s 40s 50s etc with millions of networth.
  • Deathbed – However, fast forward on your deathbed, will you remember your social status or will you miss the best time of your lives with your families/kids, achieving your goals? Look at the newspapers, there are many stories where the kids of the ultra rich families fighting for inheritance. There are many people sharing their main regrets in live is don’t know how to let go in order to spend their precious time in the things that matters to them most (can be lives, can be families, friends, etc anything, only you know what matter most to you.)

Your life is only how long – if you are lucky, you can live to 80-90 years old. If you are less lucky, maybe 60-70s years old. For those much more unlucky, 30-50 years old. For those really really unlucky, 0-30 years old. Think of your current age now, which stage of live are you in now? Do you belong to the lucky or the unlucky one? How many decades/years that you live for now, how many years are you left with?

Many of you should have heard this before:

While you are young, you have Time and Energy but No Money. When you first started work as adult, you have Time and Energy with Some Money. As your career progress, you have Energy and Money but No Available Time to spend as you want to work on your career. When you are old, you have lots of money, but no Energy and no Time.

Many don’t believe me, but can you still simply run and play hide and seek with your kids when you are in your 70s? Can you still don’t sleep till weed hours to watch TV? Can you play roller coaster? It is Really Really no Time and No Energy and this cannot be reversed.

Now, refer to the picture above. Think of your life as a bucket. You only have limited Time and Energy. However, there are so many things that you want to put into your life – Money, Work, Families, Social Status, Friends, Hobbies, Exercise, Health etc. But life is limited, everyday is limited. You only have 24 hours per day. You can’t put everything inside your bucket. Many people keep trying to squeeze everything into your bucket (Life) but the fact is you can’t. It will overflow one fine day. Hence what can we do?

Learn from Elsa. LET IT GO!

Keep only the important things in your bucket. Let go of the rest. What are important things? Only you will know. Different people have different priorities/goals/objectives in life. Ask yourself what are the most/more important to you. Keep those and discard the rest. Discard now and don’t wait until your deathbed to regret.

For myself, I am in step 3 now. I am planning to Let It Go for work in my life for few years. Why? This is my current schedule and it is unsustainable. I am waiting for the step 4 timing to come.

  • 6.15 am – wake myself for the typical brush teeth, prepare for the day etc.
  • 6.30 am – wake son in primary school, give him breakfast, wash up etc and then bring him to school.
  • 7.15-7.30 am – back home and prepare to bring younger child to preschool.
  • 8.30 am to 1.30pm – Work (now I am lucky still some days work from home, but it won’t last long as employer is not supportive). For days not wfh, I take leave or ask spouse to settle
  • 1.30pm to 2pm – pick son from school, settle son down and then lunch
  • 2 – 6pm – work
  • 6pm – bring preschool child home
  • 6pm – 10 pm – family time then sleep
  • 10~11pm – wake up and do my own things – research on cryptos, companies, reading, blogging etc until 1-2am before sleeping
  • and then the cycle repeats.
  • For weekends, I would spend one day to bring family out and another day to visit our parents who are also very sick (frequently visiting hospitals).
  • Some days I really cannot take it (old already need sleep), I slept at 10pm with the kids.

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Cornerstone of Crypto – Stablecoin stability

Posted on July 20, 2022September 27, 2023 by careyourpresent

Stablecoins are like cash equivalents in Crypto. There are the cornerstone in Crypto and the so called safe heavens in Cryptos. There are many stablecoins in the market. The more prominent “collateral backed” stablecoins are USDT, USDC, BUSD, TUSD etc. Kindly note the ” ” in my previous statement. There are many stories, FUD, reports about how much these coins are really backed. No one really know.

Of course there are also other stablecoins such as your Excellency Justin USDD algo-stable coins and the famous collapsed UST etc. Let’s look are the top 1o stablecoins in term of MarketCap.

Currently in terms of Marketcap, the biggest stablecoin is USDT.

There are many many FUD about USDT. Will USDT really collapse or depegged? If it really collapse, can you imagine what will happened to the other coins, even the “bluechips” coins such as ETH and BTC?

Of course, it may happen or it may not. No one will know for now but there are many prediction and guesses by people. Personally I think it would happen eventually. For those who have been reading my blogs would have know I am a believer of using Metaphysics to predict market (of course on top of the usual Fundamental Analysis). Remember the last point of my post on Metaphysics earlier?

Metaphysics predict that the 2nd half of the year will be bad, especially after the next eclipse. Would this be the collapse of USDT?

Look at the Marketcap of USDT since May. Would this signify the start of bank run? 80B to 65B Marketcap. In addition, why FTX don’t use USDT as USD?

Recently I saw this CT (see below). Of course many people would say that this is FUD and believe so. It is always FUD unless it really happened. However, if it really happened, would it be too late for you to run? Think back, did you manage to run Luna/UST when it collapse? How fast was the collapse?

WHAT IF THE BANK RUN OF USDT HAS BEGUN?

and nobody has bothered to tell you yet

What if the Tether critics are correct?

How can anons protect themselves from USDT bank run?

Retweet this!!

then scroll down for generational wealth alpha

🦦👇🏻🧵🧵

— otteroooo (@otteroooo) July 18, 2022
https://twitter.com/otteroooo/status/1549049609762119683

“FUD news” + “Metaphyiscs” + General Market Macro signify that 2nd half of the year will be bad. Are you prepared? Or do you believe in the recently rally in Crypto for the past few days? Think through and decide for yourself!

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Bull Trap or real rally

Posted on July 19, 2022September 27, 2023 by careyourpresent

The macro is still very bad but ETH rally more than 70% from low. Is the current rally real? My little crystal ball tells me that it should be down again after 26th July or latest by end July. Let’s see.

BTC is hitting resistance. Will it come down again?

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Index Investing in Crypto

Posted on July 18, 2022September 27, 2023 by careyourpresent

Index investing investing is a very popular of doing investing in traditional finance. What is index investing? Refer to the definition below.

Source: https://www.investopedia.com/terms/i/index-investing.asp

Many people know and admit that they can’t beat the market. Hence, the easiest and most logical way is to join them since you can’t beat them. In Traditional Finance, people will go dollar cost average/value cost average index etf/funds. Some people buy the Vanguard World ETF (VWARA.L, VWRD, VT, VTI, IWDA, SPY etc), or in Singapore Context, dca STI ETF using DBS Invest Saver, Poems Share builders, robot investing platforms like Endowus etc.

For Crypto, it is even more volatile. We have seen drawn down in the 60-90% in the current bear, even for the more prominent “blue-chip” Crypto ETH, BTC etc. Of course one can dca ETH BTC weekly/monthly using exchange like FTX, CDC. However, there is no auto-rebalancing in these CEX. Furthermore, not your key not your coin!

What should we do if we wish to take the approach of index investing in CRYPTO?

One of the more innovative way we have now is using GLP. What is GLP?

In Short, GLP in Arbitrium is about 50% ETH/BTC with the rest in stablecoins and it will rebalance.

Source: Dashboard

I have extracted the more relevant section of GMX/GLP guide from the site itself as below.

GLP consists of an index of assets used for swaps and leverage trading. It can be minted using any index asset and burnt to redeem any index asset. The price for minting and redemption is calculated based on (total worth of assets in index including profits and losses of open positions) / (GLP supply).

For Arbitrum, holders of the GLP token earn Escrowed GMX rewards and 70% of platform fees distributed in ETH. For Avalanche, holders of the GLP token earn Escrowed GMX rewards and 70% of platform fees distributed in AVAX. Note that the fees distributed are based on the number after deducting referral rewards and the network costs of keepers, keeper costs are usually around 1% of the total fees.

Rebalancing?

The fees to mint GLP, burn GLP or to perform swaps will vary based on whether the action improves the balance of assets or reduces it. For example, if the index has a large percentage of ETH and a small percentage of USDC, actions which further increase the amount of ETH the index has will have a high fee while actions which reduces the amount of ETH the index has will have a low fee.

Token weights are adjusted to help hedge GLP holders based on the open positions of traders. For example, if a lot of traders are long ETH, then ETH would have a higher token weight, if a lot of traders are short, then a higher token weight will be given to stablecoins.

If token prices are increasing, then the price of GLP will increase as well, even if a lot of traders have a long position on the platform. The portion reserved for long positions can be treated as stable in terms of its USD value since if prices increase the profits from that portion will be used to pay traders, and if prices decrease, the losses of traders will keep the USD value of the reserve portion the same.

If a lot of traders are short and larger weights are given to stablecoins, then GLP holders would have a synthetic exposure to the tokens being shorted, e.g. if ETH is being shorted then the price of GLP will decrease if the price of ETH decreases, if the price of ETH increases then the price of GLP will increase from the losses of the short positions.

Who say we can’t do index investing in CRYPTO?

However, please do your own due diligence before you start to invest in GLP.

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Careyourpresent: Action and not just talk only!

Posted on July 18, 2022September 27, 2023 by careyourpresent

This is the first post for my Careyourpresent series.

Many people read financial blogs to get ideas on how and what to invest.

However, most they forgot what is life. My Careyourpresent series aim to help to fill up this missing piece as well as serving as a reminder to myself.

Look at this spectacle, it is just a normal spectacle but it has great meaning to me and my family. I hope this will give reader some insight/reminders too. In fact I just wrote this post with this spectacle after not wearing any glasses for 20 years.

Let me share a story and the insights that I have gained today.

Since my primary one, 30+ years ago, I was diagnosed with shortsightedness. I have to wear specs and my glasses degree was increasing every year by almost 100 degree into my adulthoods. I was indulged in computer games as no one accompany me to play since young and I cannot go out. Everyday just play games in order to kill time and feel fulfilled. By the time I was in national service, my degree was 975 and 925. What does these two numbers mean? Basically every morning when I woke up, I can’t see the time on the clock face on the wall. I can’t see the face of the person who is less than 1 m away from me. That’s how sad it was. It was also 20 years ago I took the leap of faith, I went for Lasik and went without spectacles for 20 years.

Recently my eyesight start to deteriorate. My wife asked me to get a pair of spectacle but I refused because:

I still can see most things except only some near reading on computer screen. I am don’t want to wear a spectacle after 20 years of spectacle free. In fact, I can see most things, why waste money and suffer the fate of wearing spectacles? As long as I don’t strain my eyes (force my eyes to see things that I can’t see by squeezing my eyes), my eyesight should not deteriorate and hopefully one day my body will repair the lost sight.

However Today 17 July 2022 – I went to make a spectacle. Why so sudden?

The above is my prescription. As you can see, its only 1.25 and 0.5 shortsightedness. I can survive without spectacle even for computer work but this spectacle has much more meaning than that.

As you may have guess it, since I have suffered the fate of very bad shortsightedness, I don’t want my two kids to suffer the same fate. I believe many parents would feel the same way – they want kids to be better and not to suffer the same fate that they have suffered before.

Given the technology age today, it is very difficult to prevent screen time for young kids, especially there are so many ICT classes in school, even starting from preschool where the teachers start to use ipad to show them videos/songs etc during class. However, I decided to be a “bad strict” dad in term of limiting their exciting screen time. I only allow them to watch 15 min maximum of tv (no phone at all using eye, but they can use phone to listen to songs/music) at interval of 5 minutes since their age of 4, i.e., watch tv for 5 minute, take a break look far for 5 min, watch tv for another 5 minutes and then another 5 minutes break before watching the last 5 minutes. In fact, tv is not everyday, maybe 2-3 time max per week. To put into perspective, a movie such minion is about an hour plus, they took weeks/months to complete the whole movie.

Additionally, I would also try my bring them outdoors, spend every single alive waking moment with them no matter how tired I am. This is my almost daily routine: wake up at 6am, bring them to schools, then go work, after work spent all my time to play with them or bring them outdoor to playgrounds/parks etc. After they sleep at 10pm/11pm etc, I would wake up to complete my unfinish work or do my favorite research in cryptos, stocks, macro, blogging etc and then sleep around 1-2am (which is what I am doing now at 12.54am, blogging, sharing my experiences).

Ok, back to the main story. Despite all these efforts, the fateful day still came this year as my elder son is in Primary One. After the school eye check up, they asked my child to go HPB for a checkup on 11 May 2022 and below is the result.

We are devastated (my son and I). Since young I have been nagging him to take care of his eyes so that he won’t be so high degree as his father and he did his best to follow. With the above prescription, he still can see most things but some of the words on the whiteboards he still can’t see it. We were advised by the doctor in HPB to make him a spectacle so to prevent the eyesight to worsen. We asked him if he want to make a spectacle. He said no for many times regardless of how many time we asked him to or the school teacher asked him to because he said

I still can see most things except only some near reading on school white board. I don’t want to wear a spectacle. In fact, I can see most things, why waste money and suffer the fate of wearing spectacles? As long as I don’t strain my eyes (force my eyes to see things that I can’t see by squeezing my eyes), my eyesight should not deteriorate and hopefully one day my body will repair the lost sight.

Sound familiar for the above line?

My son learnt from me.

Guess what happened surprising today, my son agreed to make his spectacle today less than 20 minutes after paid and left the shop today. We asked him again after we left the shop, he told us yes.

I didn’t realized how impactful I am to his life until today, few hours ago. I didn’t realized I meant so much to him until my wife told me just now after my son say yes.

As parents, we want the best for our kids and always nag/talk/teach them many many life education knowledge/stories/ideas which we think that would be the best for your kids. For example, you should learn to spend within your means. Save money, invest the rest etc.

All these are good advices but NO ADVICE CAN BEAT LIVE EXAMPLE FROM PARENTS. Many of us including me forget how impactful we are to our kids when THEY ARE YOUNG. You are their role model and they will learnt from you. Please remember that the older they grow, they less they need you. You are very impactful to their lives NOW when they are still young.

THEY ARE ONLY YOUNG ONCE. ONCE THEIR YOUNG PERIOD IS GONE, IT WILL NEVER COME BACK. I hope this post will serve to remind myself and readers to Careyourpresent. In fact, currently I am planning/contemplating/boosting up my courage to take the next step of transiting my family from dual income to single income + investment income soon.

Lastly I want to end with the picture below which I saw it few years ago on facebook. Basically this post say,

Your time with kid is really very short. Only after a short while, your kids will not watch cartoons, will stick with friends, lovers, then suddenly started working. If you missed this period, you will never get it back.

Side story:
I don’t know if we are correct to ask him to make his spectacles as after reading some science research reports, I still believe as young kids are growing up, their eyes are also growing, if without getting used to wearing spectacles, their short sightedness may goes away one day as they grow up as long as they don’t strain their eyes during normal days. However, most of the time, young kids will strain their eyes by trying hard to see things that are blur which will usually worsen the eyesight.

Launch of Careyourpresent Series

Posted on July 12, 2022September 27, 2023 by careyourpresent

If we look at the current market conditions:

  • Hyper inflation
  • Potential recession coming
  • Winter for Crypto
  • Pending even more severe bear for markets (my own opinions)
  • QT, liquidity issue
  • Rising interest rate
  • Food storage
  • Wars
  • Astrology/Metaphysics forecast of worse markets going ahead

It is it obvious that the 2nd half of the year will be worse. Hence, please keep cash (I have over 50% cash now), prepare your war chest to whack and be brave to whack in order to earn your generational wealth. when the time comes.

For Crypto, many of the DeFI sites are dying, hedge funds (e.g. 3AC), CEX dying, many rugpulls etc. As shared in my previous post1 and post2, stick to “blues”, keep your tokens in the ledger wallets instead of CEX or DeFI site. When it is the time to hide and wait for chance, please do so and don’t be too brave. Reserve your bullets for the real wars later.

Meanwhile while waiting patiently for the markets, I think I will launch my Careyourpresent series to share my views on how to Careyourpresent first. I have also updated About me in my site to share a bit more about myself. Do read it and share your thoughts!

Lastly I will end this post with two quotations:

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