Category: Got Money Got Honey

BEST Article on Stablecoins so far

This article is really, really good.It’s no secret, I am a big fan of stablecoins. I was really heavy into DGD, but I took disgusting profits from it’s rise later on. Enough profits that my remaining position is free and I pocketed profits just from wh…

COE drop like grapes

ST wrote an article with some reasons.Fact is, a few years ago when COE was at $92,000, there was a clear “bubble” in car prices.In fact, I dare to say that prices have come down that it can almost be considered economically viable for some people to c…

GMGH take on Utility Tokens

Here is the reference article, please read it.Here is the main classification table, I will reference it.Store of ValueOnly a HANDFUL will exist. Scarcity (stock to flow), decentralization and willingness of other people to accept them as stores of val…

$20,000 Crypto "Passive Income"

Right now, price of ETH is $450 USD.After Casper + Sharding, 32 ETH is required to be a validator. (this link is a great read, btw)USDSGD rate is about 1.36.Do the math and you get $19,584, which will be enough to get the crypto capital required to run…

Crypto Case Study: Bamboo (Acorns, for Crypto)

If we want to talk about the crypto version of Acorns, we first need to know, what is Acorns?That’s Acorns. It’s a very, very, very interesting way and tool to help people save small amounts of money without thinking about it, and also a way to invest …

For the strong hands out there

Jun 28, 2018: The current Mayer Multiple is 0.62 with a $BTC price of $USD 6,142.35 and a 200 day moving average of $9,889.74 USD. The @TIPMayerMultple has historically been higher 94.71% of the time with an average of 1.55. Learn more at: https://t.co/9n0xlTWuNP

— Mayer Multiple (@TIPMayerMultple) June 28, 2018

Based on this metric, Bitcoin is reaching valuations almost 2 SD below its mean.

As always, I am a steady buyer.

Time horizon long.
My faith in crypto is strong.
Outcome could be wrong.

How’d you like my haiku?

I made it rhyme as well, as a testament to my linguistic prowess.

The question for me isn’t if I should be buying now – the signs mostly point to yes.

The question for me is HOW MUCH I should be buying now to maximize my returns. It’s always good to remember that cheap can get cheaper, and buying cheaper is better for returns.

I suppose the least wrong answer is just to average out my buys over objectively cheap periods like this.

2018 portfolio rekt, perhaps.

2019 portfolio rich, hopefully.

As always, time will time.

The State of the Crypto Markets Jun 18

Oh, how far we have fallen from the sun.BTC is sitting at ~$6.2k and ETH at ~$450.On the bright side, my leveraged long position at $377 is still in profits and I’m overall still in profits.well not super sick profits like before, but c’est la vieSo th…

Preparing myself for the Japanese Discount

It’s strange, but I quite enjoy reading the stuff put out by the research guys by Stansberry Churchouse. Their recent article is about the precarious demographics that Japan is facing.

Perhaps the reason why I enjoy a lot of their articles is because we tend to approach the some topic, but I get to see someone else’s perspective.

こんにちは~!

I have talked about Japan’s structural demographic issues and their policies to address it before, in Sep 2015 and Dec 2014. Fast forward to 2018 and what do we have? BOJ still printing money to push up asset prices, and are now owning 80% of eligible ETFs.

Do I have to explain again why debt isn’t good for countries? Well, if you’re not planning to pay altogether, then you’ve got a great deal lol.

I’m certain that in my lifetime Japan will have an event that will really shake up their status quo. I’m not specifically trying to target Japan, I’m a financial asshole and I wish for hell on the global financial markets. It is just that for me, Japan is very clearly going down a very dangerous path for their country.

Personally, I like Japan a lot. You can see how much fun I had in Japan for a week for just $1.4k.

One of my fantasies is to have an apartment in one of the major cities downtown and spend 1-2 months a year escaping the SG heat and enjoying being somewhere else (I realize, CNY is an excellent time because the Japanese don’t celebrate CNY and the weather is still nice and cool). Well, the new Japanese rental laws changed, maybe I can rent out the apartment for half a year, then leave it empty and visit during the other half? Mmm, one of the things on my to-do list should think about how I can make this fantasy idea into a reality in the future. Japanese real estate are all freehold too, if I’m not wrong. I wouldn’t mind to pick up a 1 or 2 bedder Japanese apartment should Japan hit a wall economically.

Anyone with experience or info regarding direct purchasing of Japanese residential property?

じゃね!

Blinded by Yield

I think in Singapore, one of the most popular investing styles is income investing, mostly through dividend paying stocks and REITs, supplemented with retail bonds.To be honest, it is a strategy that I myself is quite fond of.Kyith wrote an excellent p…

PSA: Argentina will NEVER repay their century bond

Source: Wolfstreet

Wolf Ritcher wrote a nice piece on this. Will just copy my favourite bits here. (For reference, the bonds were sold at 90 cents on the dollar)

So don’t cry for Argentina’s investors that inexplicably bought $2.75 billion of 100-year bonds with a 7.125% coupon in June last year, at the peak of the cheap dollar-debt benightedness. 
Everyone knew that Argentina would default on these bonds before they’d mature, as it has defaulted repeatedly on its foreign-currency debts, and that it was only a question of when it would default and how many times. 
But the lure was just too juicy to not bite, in an environment where central-bank shenanigans (NIRP) were producing negative bond yields in Europe and Japan. And even in the US, ZIRP was still not fully banished. In the ensuing pandemic chase for yield, which had lasted years, investor brains were systematically starved of oxygen.
…. 

The thing is, Argentina hasn’t even defaulted on it yet, though 11 months after selling the bonds, it has already gone begging to the IMF for a bailout. And the IMF, in another bout of debt-benightedness, has agreed to lend it $50 billion. But those $50 billion won’t be used to pay off the century bond. They’ll be plowed into government spending and will disappear, leaving Argentina with an additional $50 billion in dollar-debt.

It’s not crazy for Argentina to have undertaken this piece of 100-year gaucho showmanship – in fact, you have to admire it for being able to pull it off. But it’s crazy for investors to have fallen for it. 
But now investors, including the hot money, are once again getting burned in the emerging markets, and the emerging markets are once again getting burned by their exodus. You’d think someone might have remembered that from the last few times it happened. But no. These old sins are repeated endlessly.

You couldn’t see this happening? It’s a freaking trainwreck in action slowed down frame by frame so you can watch it implode beautifully over this 100 years.

Don’t say I didn’t say. I said it twice, in May 18 and Jun 17. Before the IMF bailout, but after they raised interest rates to 40%, lol.

I ain’t even worried about sticking my neck out for this one.

Clear as day for me about what WILL happen. It’s not a question of “if”, it’s just a question of “when”. This is inevitable.

I just need to be right once over the next 99 years. I’ve got history on my side as well, since Argentina has already defaulted 8 times since 1827 and never got past 63 years without a default. Lol, easy bet.

Remember, your masters would like to remind you that sovereign bonds are the safest things ever.

Government.
Bonds.
Are.
The.
Safest.
Bonds.
Ever.
(lol)

Oh, since I’m on a related topic.

Government.
Fiat.
Currency.
Are.
The.
Safest.
Money.
Ever.
(lol)

What could possibly go wrong?

Be safe out there. If you won’t look after your own money, no one else will.