[APPLE PROJECT] SECOND TRANCE OF INVESTMENT

On 22.09.2022 the US Federal Reserve announced another raised in interest rates by three-quarters of a percentage point for the third consecutive time. This may represent another pressure on Ringgit against the US Dollar. It also means that I have to pay more (of Ringgit) for the second trance of USD600.00.

Apart from that, the probability of a recession is high, especially in the Europe which is facing high price of energy. 

I strongly believe the currencies (US Dollar and Ringgit) would normalize in the long term because rates would cool off from its peak, but the thing is that this normalization might take few months or even longer than that. My point here is that if I wait for the "normalization" to take effect, I may miss out the price rally of a great company like APPLE.

Notwithstanding of the above, I am of the view that APPLE has a strong economic moat from its strong royal fans which are willing to spend on its subscription services. This can be seen from its increased in subscription numbers which drove double digit growth in service revenue. 

So, this is what I am going to do. I intend to slow down the progress of my injection of the second trance of USD600.00 (investment in APPLE). My estimation of the timing would be in the next 4 to 6 weeks. 

Rest assure that I will update again.

#AppleProject

[APPLE PROJECT] iPhone 14 and New Investment 2022

MY APPLE PROJECT

 

As I made a post last year 4th October 2021 regarding my little of My Apple Project, i.e. to buy Apple’s share if a new iPhone series is launched.

 

On 7th October 2022, Apple announced its new iPhone 14 series. Once again, this iPhone 14 does not come cheap. The iPhone 14 Pro Max (256GB) costs about USD1,199.00. Therefore, I will acquire USD1,199.00 worth of share of APPLE.

Here is my plan, I will acquire the share of APPLE in two (2) tranches with each trance worth of USD600.00.

 

PROJECT EXECUTION

 

As of today, first trance of USD600.00 has been invested in APPLE in eToro.

 

The second trance of USD600.00 will be executed in due course.

 

Let’s see how it would turn out to be in the next 10 years, which is YEAR 2031.

 

#AppleProject 

[APPLE PROJECT] Performance as of 26.08.2022

PERFORMANCE

Since the inception of this fund in September 2021, this fund is up 19.12%. 

Overall, this fund is way above the S&P 500 which stands at -362% and also the Dow Jones Index which stands at -3.01%.

S&P 500

DOW JONES

BRUNEI 汶莱 - 4 Days 3 Night - Seri Begawan, The Empire Hotel, Jame' Asr Hassanil Bolkiah Mosque

 

BRUNEI 4 Days 3 Night - Seri Begawan 汶莱 4天3夜 自由行 - 斯里巴加湾市 Places: - Jame' Asr Hassanil Bolkiah Mosque - Coffee by 7T1 - Seri Bagawan Floating Village - Sultan Omar Ali Saifuddin Mosque - Phongmun Restaurant - Roasted Sip Coffee - The Empire Hotel Brunei - High Frequency Cafe Partial video of Royal Brunei Boeing 787 is provided by Vecteezy.com

BRUNEI 汶莱 4 Days 3 Night - Seri Begawan, Sultan Haji Omar 'Ali Saifuddien Bridge, The Empire Hotel

BRUNEI 4 Days 3 Night - Seri Begawan 汶莱 4天3夜 自由行 - 斯里巴加湾市 Places: - Sultan Haji Omar 'Ali Saifuddien Bridge - Temburong District - Batang Duri Recreation Park - JAB GYM - Food Street @ The Mall - Istana Nurul Iman (Palace) - THE EMPIRE BRUNEI

[TRAVEL] Kuching, Sarawak - 4 days 3 nights - Blue Pond, Cove55, Damai Beach, Fairy Cave, Borneo Culture Museum, Buntal Seafood 古晋 砂拉越 4天3夜 - 新尧湾碧湖，COVE55度假村，仙洞，海滩，婆罗洲文化博物馆，文丹海鲜

 

[TRAVEL] COVE 55 Resort, Santubong, Kuching - 2 days 1 night free & easy recharge

 

[INVESTMENT] MEMO – 31.03.2022

Hello, hello!

It’s the last day of March 2022.

PEACE TALK

There was some progress in the peace talk between Ukraine and Russia as Russia pleaded that it will "drastically reduce" military combat operations in Kyiv of Ukraine. Most of the western media still have some doubts over this positive progress and some believe this may be a "smokescreen" for the Russian forces to re-strategize in Ukraine.

YIELD CURVE INVERSION

Bloomberg on 28.03.2022 reported that the spread between five-year notes and 30-year bonds inverted for the first time since 2006 when five-year yields rose to 2.63%. Why is this pertinent?

The inverted curve has proven in the past few past major occasions to be relatively reliable lead indicator of a recession. Then,what is “inverted yield curve”?

Investopedia explains that “an inverted yield curve occurs when short-term debt instruments have higher yields than long-term instruments of the same credit risk profile”. It further explains that “an inverted yield curve is unusual; it reflects bond investors' expectations for a decline in longer-term interest rates, typically associated with recessions.”

It this a reference or sign of recession? I do not know.

On top of that, inflation is real even before the Ukraine Russia conflict. And we can feel the impact of inflation now. The cost is that our money is declining in true value over time.

MY INVESTMENT

Having said that, I am maintaining a long time-horizon buying dips in the assets and businesses that I want to hold for the next decade. 

Quoting Benjamin Graham, "In the short run, the market is a voting machine but in the long run it is a weighing machine."

PORTFOLIO

These three (3) months have been a roller coaster riding. Current month for March 2022 our portfolio is up 4.19%. However the overall performance for this year is still down 5.18%. 

Stay safe.

MNMLH

31.03.2022