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Showing posts from February, 2025

FTX fund is back. An unexpected winfall.

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Dear all, A few years ago, the price of old Luna cryptocurrency due to the mismanagement of its founder collapsed rapidly. From $80 plus dollars, it dropped to several cents. I remembered that it was in the middle of the night when it happened. Jeremy happened to be awake at the same time. Wasted no time, we developed the speculation strategies and put it into action. Over the duration of 2 days, we managed to gain a few thousand dollars.  We stopped after our crypto platform which had low risk appetite and terrible reaction time, decided to suspend all Luna trading. By then, we had already left with a couple of millions Luna with all our profits in hard cash.  This is where the direction of Jeremy and my own split. I searched for another platform in hope that I could go in another round of speculation. To do that I had targeted two platform for the speculation, FTX or Crypto.com. In the end I chosen FTX as my country sovereign fund invested in the platform as well. Fast forwa...

Into the second month of the Income fund management

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Dear all,  With the dividends received in January, I was told that it will take about a month to register my interest to increase my investment by $1,200. By the time, I was given the clearance to make payment, easily a month is over. But I guess that I have no choice given how the dividends all came in at different time period. Unless based on the declaration, I make a move to reinvest these dividends back to their pots. Of course, I can choose the reinvestment option instead of giving cash dividend but I would not be able to know how much dividends I am given.  At this point, I will wait and see how I could push for the reinvestment in a more efficient manner.    As the FTX settlement against the clients coming to a close soon (A surprise to me as I thought I could never see the amount again), as a client of FTX, me too are able to get my hands on the settlement. While it is about $2K plus USD, I am still glad to get my hands on these assets. My original plan was t...

Consolidation and review of dividends received from Jan 2025

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 Dear all,  This is the second month which I am fully committed to the investment of Income funds. As a newbie, I am very confused over the way income was recognized. The key issue was due to the difference in the date between the dividend was declared vs the date the dividend reached the bank. It could take a week or even two weeks for these dividends to reach your bank account.  I revised my dividend income amount for January 2025. Below is my dividend for both GreatLink Multi-Sector Income Fund and US Income Fund. GreatLink Multi-Sector Income Fund GreatLink US Income and Growth Fund   On total, for the month of January, I received $1,038.87. It was a very decent turn. Since I do not need the dividend for the month, I will likely to reinvest these into the Income Funds again. What I am missing here is the dividend from SYFE Pimco Income Fund. The reason being that I had less than $5,000 in the account in the month of January and the only option was automatic reinv...

Happy Chinese New Year 2025

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 Dear all,  Happy Lunar Chinese New Year to all. My hope for that everyone in the year of snake is to stay healthy, go for annual medical checkup if possible (I know many of you are scare but having an annual checkup help to tackle any medical problem when they are still small and manageable) and also to have a happy life. I had my reunion dinner on 28 Jan 2025 in a Teochew restaurant at 8.30pm. My poor memory told me that it was 8pm. So we were early for an hour. The food was not that fantastic and we paid $1,400 for it. Not a good deal if you asked me.  My first day of Lunar Chinese New Year was spend between visiting my in laws and my parents. It was a worthwhile time to spend time with parents from both sides. On the second day of the Lunar Chinese New Year, we went to a buffet restaurant called Embu which was the former Melt World Cafe. The place was re-done and rename. I was pleased to learn that the food quality was way better than before. While it is more expensiv...