Huge decline in portfolio value

[klarklar]

hi yyhwin,

What were your insights that caused you to sell off your HK stocks? It's good timing. I'm sure all of us can learn something from you.

 

[OngHuatHuat]

No insight. It happened to hit my price to lock profit( means minimum profit I am willing to accept. Sad.)

** take note, it is not taking profit, it is locking profit, pay attention to the difference between the two.

hi yyhwin,

What were your insights that caused you to sell off your HK stocks? It's good timing. I'm sure all of us can learn something from you.

 

[focus1974]

I think his stock account probably exploded already if use margin. Even if not exploded but unrealised loss is in low six figures. No update on his blog since Jul 2018.

LOL...
I also want to know is that guy here in this forum

 

[mummy1234]

In case people think you trolling:

Hi, I don't understand how to read yr post. How come cash also can long and short?

 

[mummy1234]

In case people think you trolling:

Hi, I don't understand how to read yr post. How come cash also can long and short?
But when I showed it to my hubby, he says this is CFD? Risky trade.

 

[OngHuatHuat]

Hi, I don't understand how to read yr post. How come cash also can long and short?
But when I showed it to my hubby, he says this is CFD? Risky trade.

It is called margin trading. I borrowed money from IB to buy stocks, that's why short on cash and long on stocks.

 

[mummy1234]

It is called margin trading. I borrowed money from IB to buy stocks, that's why short on cash and long on stocks.

Wow, then u r a rich man already...

 

[OngHuatHuat]

Wow, then u r a rich man already...

Many people do margin trading.

 

[mummy1234]

​

Many people do margin trading.

Why don't u take profit now and can have S$1.5 mil already?

 

[OngHuatHuat]

Why don't u take profit now and can have S$1.5 mil already?

That is in HKD, not SGD.


I already took profit somewhere in May and June 2018, used the earnings to buy a small condo for my wife. After some reno, leased it recently.

 

[mummy1234]

That is in HKD, not SGD.


I already took profit somewhere in May and June 2018, used the earnings to buy a small condo for my wife. After some reno, leased it recently.

That is good. How much did u rent it out for?

 

[OngHuatHuat]

That is good. How much did u rent it out for?

1600 sgd.
2 years contract.

 

[revhappy]

1600 sgd.
2 years contract.

Isn't that too low? When I was looking to rent in Lakeside area condos like Caspian 1 bedder was like 2.1k. I tried a lot to get for 1.8k didn't get. Then chose a 5i HDB for 1.8k

 

[OngHuatHuat]

1 or 2 bedder first?

Caspian is a leasehold 99 years condo.

Usually freehold condo rental yield lower.
Anyway, now rental drops quite a bit.... you should be able to get 1800 -1900 for 1 bedder at that condo.

Isn't that too low? When I was looking to rent in Lakeside area condos like Caspian 1 bedder was like 2.1k. I tried a lot to get for 1.8k didn't get. Then chose a 5i HDB for 1.8k

 

[revhappy]

1 or 2 bedder first?

Caspian is a leasehold 99 years condo.

Usually freehold condo rental yield lower.
Anyway, now rental drops quite a bit.... you should be able to get 1800 -1900 for 1 bedder at that condo.

Lakeside condos are all above 2k even 1 bedder:

https://www.propertyguru.com.sg/listing/17971397/for-rent-the-lakefront-residences?ref=ls|tl3|6|1

 

[OngHuatHuat]

That is PropertyGuru price, one offer 2 k and include utilities plus internet. Not sure why.

By the way, the 1 bedder there is much bigger than mine coz theirs is leasehold. Mine is actually a studio, not really a 1 bedder.

Lakeside condos are all above 2k even 1 bedder:

https://www.propertyguru.com.sg/listing/17971397/for-rent-the-lakefront-residences?ref=ls|tl3|6|1