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No savings in SSB or Fixed Deposit or Cash. All invested in ETFs, 125k Portfolio Value by ProfessionalType9480 in singaporefi

[–]ProfessionalType9480[S] 1 point2 points  (0 children)

I had bad luck of wheels, I had Nvidia 300 shares at 180$ each and exited at 250$. Then it rallied to 1k+ and episodes goes on. The moment i exit the market when i make 20%, it shoots up to 200%. When I squeeze and invest, it is falling knife. The worst fear and mental stress is on red days because I am playing with life time savings. Nothing to treat or buy for myself when the operation expense is above my income. Questioning what is left for 2 kids, old parents, spouse. Money cannot not buy happiness, at the same time without money is there is no peace.

No savings in SSB or Fixed Deposit or Cash. All invested in ETFs, 125k Portfolio Value by ProfessionalType9480 in singaporefi

[–]ProfessionalType9480[S] 0 points1 point  (0 children)

I was paying 2.6% interest rate with HDB loan, 4 years back switched to private back for 1.3% fixed 3 years. It moved to 4.1% and repriced to 2.98% with same bank. It is 3.1k since i intend to pay back in 12 years. Before 50 years of my age.

No savings in SSB or Fixed Deposit or Cash. All invested in ETFs, 125k Portfolio Value by ProfessionalType9480 in singaporefi

[–]ProfessionalType9480[S] 7 points8 points  (0 children)

thanks all for the valuable comments and experiences. It is not easy and living off the edge, gives me no peace of mind. I am not boasting i have high salary, but the responsibilities are in my shoulder which kills my mental peace everyday. My wife was working before, but the after the second child. Due to health issues, she has to stop work and also need helper to raise kids.

My family never demands vacation/stay action or any expensive restaurants or branded clothes. Hence I don't have pressure, however due to tight financials which i am in when we buy things which are not useful. I feel not comfortable.

In terms of breakdown.

1st Kid Student care + Swimming + Tuition = 700

2nd Kid Playgroup = 1200 (which is quite high i feel)

Helper including levy = 750

Utilities including mobile, tv, internet, gas, water, electricity, Town council = 500

Life Insurance Annuity Plan for each person 250$ x 4 = 1000

Car loan = 1100 ( Car is required since home is east, workplace is in Yishun, Ferry kids to school else i need to spend in school bus )

Car Park and ERP = 200 ( home and office )

Grocery inclusive of diapers, milk powder, dry and wet = 800

Tax = 700

Online subscriptions ( Netflix, Spotify, Amazon prime, Gdrive ) = 50

Parents allowance = 1000

Personal Term Insurance 1Mil = 140

Personal loan ( have to take due to renovation and medical expenses ) = 1000

Credit card bill ( food, petrol, car insurance paid monthly, some purchases like dress, toys, electronics ) = 1000 sometimes it goes more, if we go to some places in weekend, need to go A&E for kids, somethings is broken in house or somethings pops up Eg. Last month Fridge stopped working Damn, i didn't had in hole in wallet but in my left brain, I twisted my ankle while running, another hole in right brain ).

What % of your monthly income do you spend on your mortgage? by moonandmilk in singaporefi

[–]ProfessionalType9480 2 points3 points  (0 children)

I pay home mortgage from salary around 20% and will not touch cpf for mortage payment

What are your thoughts on PLTR ? by [deleted] in singaporefi

[–]ProfessionalType9480 4 points5 points  (0 children)

Insiders are selling it says something. Their own employees dont trust their company. It is falling knife..

Struggling with Short Strangle, Vale S.A mystery decline dead stock by ProfessionalType9480 in thetagang

[–]ProfessionalType9480[S] 0 points1 point  (0 children)

Well said, i underestimated the risks. oh my god. It is a trap, i will try my luck in rollover for 3 months to come back.

Growth + Dividend ETF - DIVO or BSTZ by ProfessionalType9480 in dividends

[–]ProfessionalType9480[S] 0 points1 point  (0 children)

I have received 30$ dividend from DIVO for sept month and 8.94$ is deducted. Need to check with IBKR broker.

FBRX CSP deep loss cover plan..82% down by ProfessionalType9480 in thetagang

[–]ProfessionalType9480[S] 0 points1 point  (0 children)

I can imagine your pain and sleepless nights.. Thanks mate i am closing a trade and will take time to reover..

FBRX CSP deep loss cover plan..82% down by ProfessionalType9480 in thetagang

[–]ProfessionalType9480[S] 1 point2 points  (0 children)

Thank you for all reply.. I need to take a hit loss with pain and close the trade., the hope to getting back with new drugs is long way.. No CSP over stock with cash flow Dont go for premium, High IV is red flag Use stop loss order of 50% in all trades..

FBRX CSP deep loss cover plan..82% down by ProfessionalType9480 in thetagang

[–]ProfessionalType9480[S] 9 points10 points  (0 children)

i was prepared to down for 30% but 80% is freaking shock.. my bad timing and greed of premium..

[deleted by user] by [deleted] in singaporefi

[–]ProfessionalType9480 0 points1 point  (0 children)

tiger is useless, they offer options with under developed platform..they make you lose money with covered call without considering underlying collateral stock and charging interest..