People can lose a huge amount of money for various reasons and we only need to look at the news this year to know how. It ranges from online scams to crypto crashes to failed investments. When a significant loss of wealth or capital happens, it is usually very devastating to the affected investors or … Continue reading I Know Why Some People Become Depressed Or Suicidal When They Lose A Lot Of Money
Many people like to set a target of 1M dollars as the amount they need for retirement without actually confirming if it is too much or too little. If your expenses add up to $20,000 a month because you are living in a landed property with 2 posh cars, then 1M is probably going to … Continue reading How Much Is Enough For Retirement Or Emergency Funds? | How I Calculate My Monthly Expenses
Inflation is making many essential items expensive and resulting in a higher cost of living. Other than trying to earn more money to cope with the rising costs, it is also important that we watch our expenses and find ways to spend less, and save more so that we will always have more each month. … Continue reading 10 Ways To Save Money To Help You Fight Inflation & Rising Costs Of Living
In my previous update on my LEAPS CALL portfolio, I share about the total capital allocation for each company as well as the total capital allocated for the respective contract expiry dates. My spreadsheet also contains the details of all the 958 options contracts that I have bought, e.g. date of purchase, premium paid, share … Continue reading Review Of My 485k LEAPS CALL Portfolio On 9 Aug 22 (75% Down)
Many full-time working folks would not even consider doing a side hustle and they have good reasons not to. After a long and tiring day at work, you would want to spend some time with your family or simply relax by doing something you love, before the day ends and you have to report to … Continue reading I Did These 10 Side Hustles While Working Full Time | 10 Side Hustle Ideas To Help You Earn An Extra Income
The market has continued its rally going into August 2022. I am hoping that the rally lasts as long as possible so I can minimize my losses on my LEAPS CALL portfolio. At the same time, I added some positions in order to reach that target earlier. When I looked at my top 6 biggest … Continue reading [1, 2 Aug Trades] What I Am Buying In The Recent Rally?
I was pretty excited to receive the confirmation email from my brokerage, Interactive Brokers (IBKR), to inform me that my request to join the Stock Yield Enhancement Program (SYEP) has been approved because it means that I now can earn some passive income off my shares in a relatively low-risk manner. What Is The Stock … Continue reading Stock Yield Enhancement Program – Earning Passive Income Through Loaning Out Your Shares To Your Brokerage
The stock market rallied strongly in the month of July, S&P 500 was up 8.10% while the tech-heavy Nasdaq was up almost 12%. My portfolio unrealized loss also dropped from the record 648k to 573k. Despite the negative news of record high 9.1% CPI data, Federal Reserves increasing the interest rate by 75 basis points … Continue reading [July 22 Trading Review] Trades, Profits & Losses For July 2022