Many people shared the stories of FTX, timeline etc about this bankruptcy. This will be a big dominos effect for the Crypto Market, but so far this didn’t hurt the traditional stock markets. After LUNA-UST, incident, I learn that for Crypto, better to sell once there are any news. BE SAFE than Sorry! Anyway, for the recent FTX bankrupt, I have transferred to my on-chain wallet linked to Ledger immediately on the day when the FUDs came out. Thus, I am fully intact and didn’t lose anything. Of course I also lose few % of my portofolio to LUNA-UST case but I didn’t lose anything to FTX and Hodlnaut cases. Yesterday it was about Huobi, Gate.io, Crypto.com. I also took all my funds out.
Hence for Crypto, please remember two things:
(1) If you hear any FUDs in Crypto Twitter (CT), especially from those more reputable CT posters, it is better to be safe than sorry. Take precaution.
(2) Keep your coins in hardware wallets like Trezors and Ledgers. For those who don’t understand this, please read my previous post (link below) on Guide – Managing your Crypto Wallets.
What is my plan for Crypto?
Currently, I am waiting for the dominos effects caused by FTX collapses to play out first for the next few weeks. I will start to enter if BTC hit around 13k or ETH reach 800. However, I might go in once below 1k. This is because recently BTC dominance is dropping and ETH become more resilient. See how the situation play out first. Meanwhile, do you believe in Metaphyiscs now? FTX collapse on the day of Eclipse. See my post below.
For those who are new to Crypto, do consider reading my pinned posts to learn more. I have collated the key articles that I have written so far and will continue to compile.
Update for stock markets
Recently the market went up a lot because of CPI 7.7%, wow 0.2% drop. Market believe Fed will pivot. Hence, many people must be thinking that my view (see post: Careful, BIG crash 4th quarter is coming true) so far that the markets will crash further are wrong.
Do you believe this is really bull when FED target is 2%? If you go research, most buyers are retailers, not institutions. Be patient and wait. Of course, you can FOMO and go buy, but please exit in time when you have profits, especially your warchest/cash level is low. Another way is of course, buy, hold, stay on course and hold for 20-30 years, likely you will be profitable if you bought good companies/Crypto.
Good articles that you should read!
People are drawn to dividend investing.
Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.
I always write and share articles, especially on dividends which many people love them. Do read them!
- Simplified Guide to the Key Gist of Grant of Probate and Estate Planning
- Cheapest and best way to trade Singapore Stocks with CDP
- Mastering Dividend Investing: 5 Evergreen Investment Principles
- Unlock Lucrative Returns with IAPD: A High-Yield ETF Providing 7% Annual Yield and Quarterly Payouts
- Unlock Lucrative Returns with SDIV: A High-Yield ETF Providing 11% Annual Yield and Monthly Payouts
- If I am a dividend investor, this is what I would do….
- 7 Things to consider before buy a dividend stock
- 4 Dividend ETFs that can let you sleep well even in the scary bear market
- 5 Best Counters for Passive Dividend Investing
- The Three MOST Important Traits of an Investor
- What is the best investment strategy in the world?
- Ultimate Strategy of buying REITS: XXX instead of X000?
- Ultimate Free 2 Days Reit MasterClass: Exclusive at Careyourpresent.com only!
Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!
Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.
Money just buy you the chance of freedom.
When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.
Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?
We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.
We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.
I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:
- The Best Advice to Parents and Child
- What if Later never come?
- What will you bring with you on your last day on Earth?
- Time is the ultimate currency, not money
- Our Life only have 5 short Days – we should live the best for every day
- Truly understand Living in the Moment now
- 11 Important Unexpected Life and Money lessons to learn from Your Children
- The days are long but the years are short
- Ditch your mobile phone to build real life
- Careyourpresent: Time is the most important
- Careyourpresent: What is your purpose of life?
- Careyourpresent : Greatest Regrets in life
- Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
- Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
- Careyourpresent : Why is Gold useful?
- Careyourpresent: Frozen. Let it go!
Love your life daily.
You have one less day with your spouse, parents, children and yourself.
Time is ticking away.
For each passing day,
Enjoy and Treasure your Life!
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- Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
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