How To Manage Your Trading Portfolio

 

If you want to manage your trading portfolio better, here are some tips that would be beneficial.

Knowing how to manage a trading portfolio is critical if you want to stamp your footprint into the world of trading, and it’s a crucial skill that many day-to-day traders need more time to understand fully. It doesn’t matter whether you’re a seasoned trader with years of experience or a newbie who’s trying to find what works for them; the key to being successful is being able to manage a portfolio and be able to assess risks, get the best returns for your investment, and stick to the goals you set.

In this article, we’ll look at how you can manage your trading portfolio and share some tips to help you trade smarter.

Define Your Investment Objectives

If you want to be a successful trader, having a sole idea of your end goal will be pivotal and will significantly impact your trading behavior and future success. Setting goals will help you decide what you get from trading, whether long-term growth, short-term gains that can be quickly turned around, or a mix of both. Once you’ve decided on a trading strategy that you want to use moving forward, it’ll be a lot easier to find a pattern that works for you and is sustainable long-term, which is where tools like TradingView can come in very helpful.

Diversify Your Portfolio

Being overly leveraged in a particular direction could spell disaster for your future in trading, ending it before it’s had a chance to begin. Diversifying your portfolio is a term used to describe traders making sure to have investments in various sectors or industries, some of which may compete with one another. This means that should one of your investments go badly wrong, you’ll be able to survive because you have investments elsewhere that can prop up your portfolio as a whole.

Monitor and Act Accordingly

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Your portfolio could easily become unbalanced, affected by market conditions beyond your control. This is why monitoring your assets and being able to act decisively is essential, but this isn’t an easy skill to master, and it will take time to get this right. Rebalancing involves selling stocks that have outlived their usefulness or maxed out, freeing up capital that can be used to invest in other stocks that are undervalued and have high-growth potential.

Set Stop-Loss Orders

While this may seem like a no-brainer when it comes to acting sensibly and with a clear sense of direction, many traders neglect this aspect of trading because they don’t think the unthinkable could happen. Stop-loss orders will help you offload assets that suffer from a sudden drop in value, helping protect your portfolio by ensuring that it doesn’t become flooded with low-value assets that will be much harder to liquidate. It might take time to research, but it’s certainly worthwhile.

Stay Informed and Analyse Data

It’s been said before that knowledge is power, which is more accurate than ever in the world of high-stakes trading. It’s easy to stay informed about the latest trends and developments in trading. Still, the real skill is knowing where to look to get the most effective information before anybody else. Make sure to use social media to find out about the latest developments in real-time and follow people who are most likely to have exclusive track news that could have a considerable impact.

Avoid Emotional Trading

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The worst thing you can do is act impulsively when trading, so if you’re ever feeling upset and overwhelmed, it might be a good idea to step away from the computer and give yourself a break. As well as not trading when you’re overcome with emotion, it’s also important not to let fear and greed influence your behavior, as this will often result in you making decisions that you would not typically do. Staying disciplined and in control is one of the best things you can do to be a successful trader.

Keep a Trading Journal

Organisation is crucial, and keeping track of your activity is a surefire way to make decisions that will have a much better impact on your trades in the long term. Many seasoned traders use their trading journey to keep track of the trades they make and note the circumstances around them so they can reflect on these and analyze them later. Self-reflection is a compelling trait for traders, and if you can do this successfully, you’ll be able to make much smarter decisions moving forward.

Knowing how to manage a portfolio will put you in excellent stead, as it’ll help you remain disciplined and develop the ability to make smarter decisions in the long term. There are many different skills that you can sharpen to become a better trader, but by making these small changes, you should see an increase in the profitability of the trades you place.

 

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HDB Prices Continue Their Steady Rise in 2Q 2023

In the second quarter of 2023, HDB resale prices marked their 13th consecutive quarterly increase, rising by 1.5% quarter-on-quarter (q-o-q). This adds to the 1% q-o-q increase witnessed in the first quarter of the year, reflecting a sustained uptrend in the public housing market.

While the prices have been steadily climbing during the first half of the year, it’s worth noting that the pace of resale price growth has shown some moderation compared to the overall trend observed in 2022, where the average quarterly growth was 2.5%.

According to the latest public housing statistics, executive flats saw a significant 2.3% q-o-q increase, with prices rising from $800,000 in 1Q 2023 to $818,000 in 2Q 2023. Meanwhile, five-room flats also experienced a rise of 1.9%, with prices climbing from $638,000 to $650,000 during the same period.

Let’s take a closer look at the areas that experienced the biggest price increases for HDB estates in 2023, compared to the growth observed from 2020 to 2023:

3-Room Flats:
– Bukit Batok recorded a substantial price growth of 52.53%
– Toa Payoh followed closely with a growth of 50.35%
– Sembawang saw a rise of 43.26%
– Woodlands experienced an increase of 42.84%

4-Room Flats:
– Bukit Batok topped the list with a remarkable growth of 59.71%
– Sembawang followed with a growth of 48.82%
– Ang Mo Kio saw a rise of 43.86%
– Woodlands experienced an increase of 38.64%

5-Room Flats:
– Sembawang led the way with a substantial growth of 47.07%
– Bukit Batok closely followed with a growth of 46.03%
– Woodlands experienced an increase of 40.19%
– Choa Chu Kang saw a rise of 32.01%

The Housing Development Board (HDB) attributes the moderation in the rate of price increase to the government’s measures aimed at maintaining a stable and sustainable property market. These measures, implemented in December 2021, September 2022, and April 2023, include a 15-month wait-out period for private property owners before purchasing a non-subsidized HDB resale flat and a lowering of the loan-to-value limit for HDB housing loans.

Analysts have noted that the slower price increase observed in the second quarter is not an isolated event. Eugene Lim, key executive officer of ERA Realty Network, emphasized that 21 out of 26 HDB towns experienced price gains in the second quarter, compared to only 12 towns in the previous quarter.

Geylang stood out with the highest increase in resale flat prices at 18.7%, followed by the Central Area with 8.6% and Bedok with 4.3%, according to Mr. Lee.

It’s worth mentioning that the resale flat prices in Bukit Timah have seen a contraction for two consecutive quarters, and this could be attributed to factors such as a lack of new supply and an aging stock of resale flats.

Image Credits: unsplash.com

In conclusion, the HDB resale market continues to show strength, with prices maintaining an upward trend. While the rate of increase has slowed somewhat, the market remains dynamic, and various factors, including government measures, continue to influence price movements across different HDB towns.

Sources: 1 & 2

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What is day trading and what if I suspect my spouse is dealing with a day trading addiction?

man looking at stocks using his phone and laptop

Some people like to “gamble” with their money and they call it day trading.

If it’s your first time hearing the term, it simply means buying and selling stocks within a day to try to make quick money.

It can be likened to playing the stock market but on steroids. Something like trying to catch fish with your bare hands instead of a fishing rod because it’s too slow.

It’s no doubt high risk if you’re an absolute beginner, but also high reward when done right. But if your spouse starts to neglect their job, family, and friends, then something’s not quite right.

More about day trading

The people who do day trading like to buy and sell a lot, so they can make money from the market’s price changes in one day.

Sometimes they can make a lot of money in a short time, but sometimes they can also lose a lot.

Some folks like to do day trading because it’s very exciting, and they can work from anywhere and anytime they want.

But it’s easy to get addicted thinking it’s “easy money.”

Warning signs that signal your spouse may be addicted

If your spouse spends the whole day staring at the computer screen and forgets to keep up with personal hygiene and routines, this can be a warning sign.

He or she may also be paranoid and sensitive when talking about losing money.

If you suspect that your partner is dealing with an addiction, don’t accuse them of having an addiction right away.

How to speak to your spouse

Wait for the right time and find a quiet place. Then, use “I” statements to tell them how you feel and why you worry.

Don’t play the blame game. Take the time to listen to their side of the story—maybe they just want to earn more money for the family or they’re having a tough time at work recently.

Don’t just brush them off or start arguing. Both of you need to find a solution together, like maybe reducing trading hours or seeking professional help.

Encourage your spouse to explore alternative career options

In Singapore, we don’t have a lack of job opportunities and resources, think SkillsFuture and Workforce Singapore.

You can share it with your spouse and encourage him or her to attend some info sessions or courses to upskill.

Let your spouse know that they can (still) feed the thrill of trading better with a job that provides a steady income—with CPF and other benefits.

Seeking professional help

If your partner is already in deep waters, it’s good to see a financial counselor who can help put things into perspective.

It also doesn’t hurt to speak to a general therapist or counselor to see if deeper emotional issues are causing changes in your spouse’s behavior.

Concurrently, ask around for contacts of financial advisors that have a good reputation and reach out to them.

Make an appointment to see if they’ve got other investment schemes that are less risky, so your partner can still trade and put rice on the table.

Day trading is like a gamble where one can win big or lose big. But if you suspect that your spouse can’t seem to exercise self-control, then maybe it’s time to take action. Speak to your spouse first and then seek professional help. Better to talk to someone who knows what they doing than rely on yourself to try and fix everything. Don’t wait until it’s too late.

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FAQs about The Reserve Residences that’s launching on 27 May 2023

The River Residences main view

In this post, we will be exploring the most frequently asked questions about The Reserve Residences, an exceptional new development set to launch soon, on 27 May 2023.

We will look into the luxurious, unique features, and unparalleled amenities that await future residents.

Whether you’re a potential homeowner, investor, or simply curious about this property, this comprehensive guide will provide valuable insights into all that The Reserve Residences has to offer.

Ready? Let’s dive right in.

Where is it located?

The River Residences location

The Reserve Residences is located in District 21, along Jalan Anak Bukit, Singapore 589603.

What are the nearest MRT stations?

Beauty World and King Albert Park.

Where can I eat, shop, and exercise?
  • Bukit Timah Market & Food Centre is a 2-minute walk away.
  • The nearest shopping malls include Bukit Timah Plaza, KAP Mall, and Beauty World Centre (all within 6 minutes).
  • Rifle Range Nature Park offers walking paths and it’s a 9-minute walk away.
What are some schools nearby?

Preschools

  • WorkPlayz Montessori @ Upper Bukit Timah
  • Kanopy Forest Preschool
  • ChildFirst @ King Albert Park

Primary schools

  • Pei Hwa Presbyterian Primary School
  • Cambridge Primary School (DIMENSIONS)
  • Bukit Timah Primary School

Secondary schools

  • Methodist Girls’ School
  • Hillgrove Secondary School
  • Hwa Chong Institution (High School Section)

Higher institutions

  • National Junior College (9-minute drive)
  • Ngee Ann Polytechnic (5-minute drive)
  • Singapore University of Social Sciences (4-minute drive)
Who are the property developers?

Sino Group and Far East Organization.

What is the tenure and when is the TOP date?

The tenure is 99 years and the TOP date will be in 2028.

What are some of the facilities available?

The-Perch-Reading-Room

A world of leisure and social opportunities spanning 7 floors at this new development awaits you.

It features a 600-m jogging path, a designated area for your furry friends to frolic, open-air activity spaces, and lush gardens.

Gather with your loved ones in the cozy, communal dining pavilions and living areas designed to help you relax and re-energize.

At the heart of it all, you will find the Family Pool, seamlessly connecting the 50-m Lap Pool with an array of themed pools, creating a refreshing oasis for rejuvenation and togetherness.

What are the 4 distinct collections of The Reserve Residences?

The Reserve Residences

The River Residences

Experience luxurious living at The Reserve Residences, where the elegant residential towers rise majestically amidst verdant greenery and serene pools.

There are perfect 1- to 3-bedroom abodes designed to cater to your unique lifestyle preferences.

Each home encapsulates the spirit of a tropical sanctuary, bathed in an abundance of natural light and offering spacious layouts for modern living.

Plus, cleverly designed storage solutions ensure a clutter-free and harmonious environment for you to call home. Perfect.

Horizon

This exclusive Horizon collection features 3- to 4-bedroom residences, ideal for families and multi-generational living.

Boasting full-height windows, these homes showcase breathtaking panoramas of the sky and surrounding greenery.

Spacious living and dining areas provide the ideal setting for social events and festive occasions, making every moment truly memorable.

Selected units present unrivaled tranquil vistas of the neighboring Bukit Timah Nature Reserve and Rifle Range Nature Park.

Creekside

Creeskside

Creekside homes have 3 to 4 bedrooms, each featuring a balcony with invigorating views of the pool or lush greenery.

Nestled within a low-rise block, these homes are set apart from the main residential towers, lovely for folks who want a sense of seclusion.

For an added touch of luxury and discretion, selected residences come with a private lift so you can have a truly private living experience.

Treetops

Lastly at Treetops, picturesque vistas are exquisitely paired with sophisticated interiors, showcasing tasteful marble accents.

Revel in the grandiosity of the living spaces, boasting generous ceiling heights of up to 3.2 m.

Every residence in this distinguished collection offers either a private lift or direct access to the car park, providing an unparalleled level of convenience.

Can I have a brief breakdown of the floor plans?

The Reserve Residences

Unit Types Sqft Range
1-Bedroom 441 & 495 sqft
2-Bedroom 560 to 743 sqft
2-Bedroom + Study 721 to 807 sqft
3-Bedroom 883 to 1044 sqft
3-Bedroom + Study 1216 sqft

Horizon

Unit Types Sqft Range
3-Bedroom 1313 & 1324 sqft
4-Bedroom 1475 to 1744 sqft

Creekside

Unit Types Sqft Range
3-Bedroom 1119 to 1378 sqft
4-Bedroom 1894 & 2185 sqft

Treetops

Unit Types Sqft Range
4-Bedroom + Study 1991 & 2250 sqft
5-Bedroom 2336 to 3003 sqft
What is the cost per square foot (PSF)?

The estimated price is around $2,300 per square foot (PSF).

What is the price range?

Starting from $1,110,000.

Where’s the showroom?

The show flat’s located at 100A Upper Bukit Timah Road Singapore 589680.

And there we have it. I hope this blog post has shed light on the most frequently asked questions about The Reserve Residences, launching in a few days! As an outstanding development offering an unparalleled luxury lifestyle, it’s no wonder that interest in this property is on the rise. For those considering calling this exceptional place home, I trust that this post has provided some necessary insights to make an informed decision. Let me know if you want to see a similar post on Lentor Hills Residences? Till then, see ya!

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Investing in Cryptocurrency: Risks & Rewards

Cryptocurrency has taken the world by storm, and Singapore is no exception. Although the worldwide cryptocurrency ownership rates were around 4.2% in 2022, Singapore and Thailand are leading the way in Southeast Asia with significantly higher adoption rates of 11.05% and 6.47%, respectively. These numbers are mainly attributed to the digital savviness of their populations and the supportive regulatory environment in both countries. While investing in cryptocurrencies can be attractive and lucrative, it is also not without risks.

Firstly, let’s discuss the rewards. Cryptocurrency is decentralized, meaning it is not controlled by any government or financial institution. This makes it a popular investment option for those looking to diversify their portfolio and reduce their reliance on traditional banking systems. Cryptocurrencies can also provide quick and easy access to liquidity, making it an attractive option for those looking to make quick profits. For example, digital artists can easily sell their artwork using cryptocurrencies and still own its copyrights.

Furthermore, the Monetary Authority of Singapore (MAS) has issued guidelines for the trading and exchange of cryptocurrencies, making it easier for investors to enter the market. To address money laundering and illegal activities, MAS issued Notice PSN02, also known as the detailed Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) guidelines for Digital Payment Token service providers.

However, investing in cryptocurrency also comes with its own set of risks. One of the biggest risks is volatility. Despite Singapore’s ambitions to become a global crypto hub, it has been cracking down on the industry after many retail investors lost their life savings to crypto trading. The country has repeatedly warned that cryptocurrency trading is “highly risky and not suitable for the general public” due to its volatile and speculative nature.

The general public must know that cryptocurrencies are subject to unpredictable price fluctuations. As they are less regulated, their value is influenced by other factors, such as psychological hype. For example, in 2017, Bitcoin’s price reached an all-time high of nearly $20,000, only to crash to $3,000 the following year. Another example is the rise of the first meme coin called Dogecoin.

Image Credits: unsplash.com

Another risk is security. Cryptocurrencies are stored in digital wallets, which can be vulnerable to hacking and cyber-attacks. If a hacker gains access to an investor’s wallet, they can steal their digital assets, resulting in significant losses. Can you imagine betting your life savings on cryptocurrencies and losing it all in a day?

Lastly, to thrive in the cryptocurrency scene, a certain level of technical knowledge is required. Don’t fall victim to frauds and scams by lacking technical knowledge. Investors need to understand how the blockchain works, how to manage digital wallets, and how to navigate cryptocurrency exchanges.

Despite the risks, the interest in cryptocurrency investment remains high among investors in Singapore. To minimize these risks, it is essential for investors to conduct comprehensive research before investing, keep their digital assets in secure wallets, and only invest a reasonable amount they can afford to lose. With prudence and caution, investing in cryptocurrency can be a fulfilling experience for Singaporean investors.

Sources: 1, 2, 3 & 4

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