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Biggest Losses in a Day + Start of Leverage
By KPO and CZM  •  March 17, 2020
It has been a pretty interesting day today. Despite the Fed cutting interest to 0%, the market ended up falling further (usually/previously, the REITs would be green).  It was by far the largest losses (-$25k) we experience in a day and in our investment journey since 2014. We have also decided to activate our leverage account which I blogged about 2 years ago - Leverage - A Double-Edged Sword. Although the market has fallen >20% since the start of the year (2.5 months), this has essentially wiped out all our gains built up across the years. We are sitting on a net loss of -$33k after 6 years of investing. Yes, we will be better off simply by putting our money in the bank account but this is just temporary... Want to make a guess how much we lost in total since the start of the year? 20% of our portfolio is about $100k...
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By KPO and CZM
I am Ong and my fiancee (Chan Zui Mao a.k.a CMZ) calls me a Kiam Pok (i.e. stingy/thrifty depending on how you look at it). Hence, the nickname KPO (Kiam Pok Ong). We have decided to name the blog KPO because I have proposed to CMZ successfully and she is officially a KPO too. The purpose of the blog is to list down all the money-saving tips, our investment/journey to financial freedom and to document my life with CZM.
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