The Bounty VS. The Potato

I swear, uni girls blogs are so damn depressing. Can you imagine that after the hell of the A levels, uni life is so much more difficult? Life sucks. And yes, my sister lied. Uni's not all fun and games, unless of course you take some slack course like Building and Estate Mgt (10 yrs ago when no one wanted it). But its fun to blog hop and see the many changes that have blotted the girls I knew.

Anyway, I went to watch the Kingdom with my colleague. We got free tickets to the National Fire and Civil Emergency Preparedness Council Charity Movie Screening.

Like what a hell of a mouthful.

Anyways, the movie was full of US bullcrap but it was an ok movie. But the movie isn't my point.

It was the damn hot girl sitting beside me. But that wasn't entirely it. It was the hot girl wearing a microdress ( or whatever you call it, the kind of dress that exposes part of her butt cheek when standing and a whole lot of thigh when she was sitting down) and straddling a cup of KFC whipped potato.

Yes, you heard me right. It wasn't the bounty of hot female human thighs that piqued my interest. It was the cup of KFC mashed potato that she was balancing between her thighs and eating from that was stimulating.

KFC mashed potato vs. hot girl. ***KFC WINS!***

Good god, I'm obsessed with food.

On another note, my astronomical losses of my portfolio have been somewhat cushioned by my dollar cost averaging (DCA) measures.

I managed to bring down my losses form 16% to 9.6% after DCA.

Still have yet to break even. But I'm ok. China's growth is set at 10.8% next yr. So let's hope for a really good year ahead.

Closing Down the Shutters

I made a 16% loss in my portfolio. The post below was bad, now its worse, cos its finally showing monday's bloodbath.

This kind of losses would mean that there's a high chance I will never get to see my principal amount ever again.

I can dunp what little reserves I have left to cushion the blow when markets reach a technical rebound, but I doubt I'll be seeing my money again.

Now, good night and good luck, cos the Big Z has been declared a bankrupt at the age of 19.

I predict I'm only going to see my cash when I ORD in 2009.

There goes my dreams of being the big boss of a multi-million dollar company, cos I can't even manage my own small cash reserves.

Aiyoh, with my losses, I could have paid for my entire driving lessons.

Damn. What a way to go.

Good night, finance reports will resume once I'm no more in the red.

Next up, movie update on The Kingdom and my Ubin trip.

Same shit. Different day.

F***! KNNBCCB! SHIT! SHIT! C*** B**!

I lost 10%. Shit. Fuck. Shit. The late sell-down on Friday on wall street along with China's credit tightening, has caused WORLD markets to tumble, drop and get shot in the head. But like hell, all your torment doesn't kill you. You wake up, and you get tormented again.

Markets are set to fall MORE.

And I NEED to buy more to really average this out.

But I don't have money! ARGH!

I'm down to my last 25% of cash. I think I'll buy more tmw and on wed.

I need to average this catastrophe out. If I don't I'll lose out.

But if I'm wrong, I'm in deep shit.

SHIT as in F***ING shit.

Invictus!

Refer to post below.

Did dollar cost averaging work? HELL YEAH.

Were my paper losses great? HELL YEAH!

Will this translate into actual tanglble losses? Most probably F*** YES.

With rising crude prices (if you look at previous posts, were the reason for me being optimistic), plus the start of the true backlash of the sub-prime crisis in the US, coupled with steep losses in large US MNCs for the third quarter, combined with the resignation of 2 big-wig CEOs, plus the fact that banks the world over are facing billions of dollars in write-offs, together with a depreciating US dollar and concerns of further tightening of the Chinese economy, are among many of other concerns that have caused world stock prices to tumble down like humpty dumpty atop Mt Everest.

Good time to buy? That's what I thought. I bought, and yes, dollar cost averaging did help my portfolio losses to drop from nearly 10%, to a less heart-attack inducing of 7%.

To think that 12 days ago, my portfolio had a 2% gain, and now its a 7% loss.

Could be worse, I guess, it could be 10%-15%.

Aiyoh. And now, I'm down to the last 25% of my investable money that is still in cash form. I need ta save my ammo and select the correct time to put my last vestige of cash at the right time, in the right fund.

Wish me luck.

To buy or not to buy?

Crap.

I bought some more units on friday thinking that I would be taking advantage of the decrease in share prices and hence practise good dollar cost averaging.

NOT. China's premier just announced several set conditions for the implementation of a much-hyped scheme that allows mainland chinese to trade in HK shares, leading to a further postponement.

This very same scheme caused stock prices to jump by 40%, now its probably going to drop back to its original levels. NOOOOO!

But I did buy some more today. I REALLY hope dollar cost averaging works.

If not, my losses will not only be on paper, but it will be very tangible indeed.

Finally, the chinese market correction is here, right on time as analysts predicted. Hoho.

Why do we fall Bruce? So we can learn how to pick ourselves up.

Holy crap, I broke even! NOT!

Holy crap, I made a loss!

Haha. My paper gain has now become paper loss. LOL.

The very same factor (surging crude prices) driving up the prices of my unit trust, was its own undoing.

Prices tumbled slightly, due to the fact that companies are wondering what effect the oil crunch will have on present and future growth, leading to slight decrease in stock values.

Then today right, I was listening to newsradio 93.8, (which I find rather useless, cos they broadcast news from the whole wide world for 55 mins of an hour, and cram all business news in 2 mins. But I need it cos SCDF doesn't allow internet acess on its computers.) they said that Citibank needed to raise 30 billion bucks of capital because of some losess due to the sub-prime thing. Citibank's shares dropped 8% and world stocks tumbled like how I do after running 2.4k.

So i checked my colleague's com, and whoppee-doo, the Hang Seng dropped by a thousand points plus. Haha. That's a huge current loss for me, but it's finally here. The minor market correction. So I popped slightly less than half of my remaining investment reserves into my HSBC china fund.

I'll reserve the other half for the government induced correction later this month.

But enough on money. That's all I talk about these days. But its what drives me nowadays. I need money to go to camp, need money to eat, to go out, to buy nice things.

Yes, I lead a lonely life. But its not all my fault. I'm in CD for goodness sakes. I can't exactly go out with CD people to smoke under the block.

Anyways, I got promoted today. finally, after missing the August promotion, I got promoted today. By right, I'm supposed to be promoted in January, due to too many MCs from meningitis, but my officer got the help of my director who used her 2 crabs to get me promoted.

But you can't penalise me for contracting a deadly brain membrane infection? After all, I'm one of the few in my dept who has a functioning brain, so you have to promote me right?

And now I have to give a treat with another guy, which amounts to me forking out around $50-$60. COME ON! My pay increase as LCP is only $20. Hello?

They said its no sweat, cos I earn money from tuition. Like Hello? I drag my fat ass to class every night. I put in my sweat and blood into earning my meagre $17/hr.

Speaking of tuition, my incumbent EM3 student passed, and against my expectations made it, with all passes. YAY! Going to ask for pay adjustment soon.

And my expenses have skyrocketed ever since I bought my phone. Haha. I adopted the 'I busted my budget for this month, I might as well go all the way attitude'.

Yup. I got more interesting stuff to share, about the markets, CD and stuff in general.

But my fingers are aching, and I don't want to get carpal-tunnel syndrome.

That's all for today folks.