Cash - 45%
Precious metals - 35%
Bonds - 10%
Stocks - 10% (current value)
Excl. Cpf, Insurance and Property
I had been very nonchalant on the stock market lately. In fact, since last year, I had been cashing out gradually. Recently, I am placing more emphasis in the understanding, learning and living the correct WAY OF LIFE rather than just focusing on material wealth.
Why cash out?
Cashing out primarily due to my work. I will not go into details, but so many people in the O&G industry had already lost their jobs. So better be prepared and be safe rather than sorry.
I do not wish to make any prediction ahead. No crystal ball. But if we examine the current global market situation, every major market is just "hanging on, with no clear sight of "bright blue sky" ahead.
In USA, many are turning to "what are the next moves" from Fed. I think the Fed is in a shitty position. If they raise rate, it can cause a mass sell off in the market. If they do not, they are indirectly telling that the market condition is unfavorable. Either way, they can be wrong! They are stuck!
Then there are those turning to the upcoming new US President for rekindled hope. I am outright sure that he/she cannot perform miracles. Both candidates use a lot of lip services so far, nothing more! In fact, we all should be really worried after the election!
China. A country burdened with ballooning debts due to the growth of the last decade. While the government still have many tools to fix the economy with large reserves, the country's economic health is weakened. China needs to undergo a major "surgical operation", after which she will rest in "bed" for some time, before recovering gradually. It is only after she going this phase, can she walk and then run again. It will take time.
Japan. No way they will return to past glory. Whatever monetary policies they are implementing now such as the one with negative rate, will only transfer wealth from future to present. I pity the younger generation.
EU. Same story as Japan. Time bomb in the monetary policy.
S'pore. Just read the papers yourself, and hear from your friends. Good or bad, your call!
Lastly, the last market crash was 8 years ago. Question is how long it lasts?
So it's clear to me that the market is not stable. And why should my money in a platform that is not stable! Is it for the dividends that may be eroded by capital loss? Or is it worrying about inflation eroding our cash? By the way, where is the inflation? *Scratch Head*!
Never been better in life!
I am thankful for the "invisible pointer" for me to be prepared mentally and financially since early last year. Otherwise, I can be extremely stressed out now (just like many of my friends), who started to see health problems and frictions in family relationship.
Health. No more medicines as I had thrown all away. Even my chronic sinus was cured miraculously without medicine. Spiritual well-being helps.
Family. Everyone is in harmony and I cannot remember when was the last time there are quarrels or unhappiness in the house.
Friends. Was elated when they celebrated my birthday for me recently with high alcohol contents filing our bloodstreams.
Work. Had been busy traveling recently. On paper, job is secured, but nothing is guaranteed in months to come. I am very skeptical. Very demoralized as well, with few projects in the market, and seeing so many people lost their jobs. I
f I were to lose my job, I will be very happy too, as I will embrace it as God's will for me to spend more time with my family. And maybe doing some part time job.
Rolf's final thoughts
Well we can lose our jobs or our money and it will be sad, no doubt! But these are just material wealth, it's not everything in life! It is paramount that we NEVER bring our work issues back home resulting in dissensions within the family. You do not want to end up losing your job, your money, and even your family, friends or yourself (Health)! Do you?
Of course for those who had piled up debts and significant financial commitments due to reasons of pleasure, greed, ego or ignorance in earlier years (good times), there can be little room now to resolve the situation.
Hmm.. do not be over depressed. Maybe this is a test in your life to humble you down! For every outcome, there is a cause. Review and acknowledge the problem. Most of the time, the problem is "I".
The Latin word for "I" is "ego".
Personally, I had undergo so many painful lessons myself to humble myself down. For confession, downgrading and repentance are painful in the short run, it is always the better solution in the long run. Nowadays I always say "thank God it happens" when I look back.
Ultimately let the spirit of love, joy, peace, patience, kindness, goodness, faithfulness, meekness, self-control be filled in our life and be undefeatedable, unsinkable and indestructible.