Author: Got Money, Got Honey!

Watch out for Interest Rates

It should be clear that I mostly blog about crypto these days. However, one of the things that I still loose keep tabs on is the interest rates. While everyone is getting giddy with fixed-income and fixed-income alternatives (like REITs) getting good capital gains YTD, I am very wary how long more it can continue. The yield curve has inverted in the middle, it looks retarded. Bond yields are going negative world wide and even in Singapore we are steadily marching towards that zero bound. Things look ugly to me. Just...

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Simplifying my Finances

Just excreting my thoughts out here on my blog, don’t mind my mess. People say I don’t blog enough, so here you go. I have bank accounts with the following banks: DBSOCBCUOBSCBCIMBCiti I have decided that I am going to cut away everything to just 2, maybe 3 banks. Still thinking, but haven’t decided yet. Probably will keep OCBC since the 360 Account is _okay_ and the 365 card is also decent. I spend most of my money on food, so that 6% cashback is a decent reward. DBS is actually the account I *USE* the most, because of...

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Crypto DCA Portfolio – Last Update LOL

Lol, well that was short-lived.Since 31st May til 18th June I managed to sink in 4 rounds of $500 into Binance.sg to execute my monthly DCA plan. Quick math will get you at 4 x $500 for $2000 capital. I also kept with the 40/40/20 split the entire time. So initial capital were as follows:BTC – $800ETH – $800BNB – $400 With those monies, I managed to buy these:0.0703 BTC2.303 ETH9.15 BNB The current market prices:BTC – $14930.92ETH – $400.08BNB – $43.82 At the current market prices, these crypto I bought are now worthBTC – $1049.64ETH – $921.38BNB –...

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No Position is Forever (Crypto Case Study)

Recap: I bought tons of DGD since mid 2017. I sold a lot in Apr 2018. I exited the rest of my position in Sep 2018. I warned everyone in Feb 2019. As of now, I am 99.99% certain that DGD will fail to achieve anything. It is extremely likely that in the foreseeable future, they will either: 1) pivot to do something else with all the DAO funds2) re-distribute back all the DAO funds While some people are extremely doubtful that they will ever distribute the funds back to DGD holders, I had a recent epiphany. Why not...

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Q&A on Libra aka Facebook Coin / FaceBucks / ZuckerBucks

Dear all, Since many of you are wildly ignorant (some willfully, some unintentionally) about crypto, I’ll do a Q&A in the comments section for any SERIOUS questions that you might have. I say “serious” because I know half of you dicks that just want to troll the “crazy crypto blogger”. That said, I’m willing to answer simple questions, or re-direct you to a better answer. References:Libra WebsiteLibra Whitepaper Top questions: Q1. Should I buy Libra?A1: I do not give financial advice.My private buy/sell signal group is open for 1 BTC / month, no refunds. email for details. kek.(This is...

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Crypto DCA Portfolio – Update #1

DCA Portfolio – The Beginning ICYMI, I’m doing a DCA with a 40/40/20 split into BTC/ETH/BNB. So, quick update. Started on 31st May. Bought another 2 times over the following 2 weeks. Today is 19 days later, and I’m up 11.6%. That’s 0.61% returns a day.Or annualized it’s 822%. Seems about right for crypto, LOL. Friendly reminder that my referral link is here and you’ll get $10 when you complete the KYC and make your 1st $100 purchase. Good news is that Binance SG has dropped fees from 0.8% to 0.6%. This is ridiculously low. It’s insane. Even though...

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Facebook launches its own Cryptocurrency

Here it is: https://libra.org/en-US/ Anyway, if by now you still think crypto is a ponzi / scam, there’s really nothing more that I can say. If you also think that somehow FaceBucks competes with Bitcoin or Ethereum, then clearly you don’t understand much about the latter. Happily stacking my “real” crypto and earning low-risk 7%+ returns on my crypto-USD that is living in the crypto world. You know, I honestly still think that it’s early for crypto. And as everybody knows, the first rule of FOMO is that if you want to FOMO, you should always FOMO early. PSA:...

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Crypto DCA Portfolio

Hey guys, With Binance SG finally live to purchase BTC, ETH and BNB with SGD, I thought that it’s a good time for me to make a small portfolio to show you “normies” that this is all you need to capture most of the value in the crypto space. I’ll be doing a DCA with a 40 / 40 / 20 split into the above coins through Binance SG. So yeah, I’ll come back and talk about this from time to time. Few things to note:– need an Xfers account– fee is 0.8%– min purchase is $20 That means,...

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Don’t you just love Negative Rates?

— Michael A. Gayed, CFA (@leadlagreport) May 25, 2019What is an Inverted Yield Curve? “Historically, inversions of the yield curve have preceded many of the U.S. recessions. Due to this historical correlation, the yield curve is often seen as an accurate forecast of the turning points of the business cycle.” When you lend money to the government for 30 years, you get back negative returns. Just let that sink into your brain for a bit. But don’t mind me, I’m just a cuckoo crypto...

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Crypto HIGH YIELD USD Savings Accounts?

I’ll be quick, so less story and talk cock from me. In crypto, there are things called “Stablecoins”. They are called stablecoins because, obviously, they are SUPPOSED to be stable to that thing that they are tracking. Why they exist. How they exist. Out of today’s scope, please do own reading. Stablecoins exist in a lot of forms, but most commonly in USD. For USD, there are quite a few stablecoins. To name the top few:USDTTUSDUSDC etc, etc. Now, with these stablecoins, you can earn anywhere between 6-15% APR on them. With no lock up. Interests are usually calculated...

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Crypto: Educated Criticism or Professional Larper?

“If you don’t understand how fiat money works, you’re not qualified to judge whether cryptocurrency will be successful or not, period.” And that’s the gist of this article, which I fully agree. People that I’ve talked to that has pushed back hard against crypto will usually give the same arguments that people were already talking about in 2012. “Something so volatile cannot be money.” “People will not use it.” “Governments will not allow it.” Tell this to anyone who is deeply involved in crypto right now, they’d probably snort. Most people cannot understand the concept of money, and worse,...

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G, should I buy back crypto?

Hello my intelligent and astute readers of my dying blog. I hope those of you that follow my twitter are amused but also educated by the content that I pump out. Anyway, just want to say, wew look at crypto. woke up this morning and looked at the charts Dec 18 hella looks like the bottom to me, so i decided to buy a boat load of ETHhow much? well let’s just say with that purchase alone, i could run **a few** staking validators pic.twitter.com/dHcbKNPGBm — 찌 G じ (@DegenSpartan) February 3, 2019For context of those tweet above, see...

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Uber / Lyft IPO

Lyft performance since IPO:Investing in millennial brand name companies have been a fantastic recipe for disaster. Look no further than Go Pro to see how terrible it would’ve been. Anyway, just wanted to put this out here. — Colin Charles (@bytebot) April 14,...

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