Thursday, 15 July 2021

Finance Investment Movement 11

Just a week ago, there appeared to be no end to the crypto wave of downtrend. Much negative news had been delivered by regulators and to add fuel, another hack purportedly by Russian forces. When you have an action, naturally a reaction follows. That's what happened when pro crypto supporters came forth to opine on the resilience and tangible value that cryptos bring. Prices began rebounding and riding on this, I offloaded Aave once it announced news for a KYC enabled institutional lending platform, turning paper loss into actual profit of $100 within a short space of time. If there's a pullback in prices later, I am likely to load up again.

For the past month, I have been testing the Tiger Brokers platform and still getting used to the features. Managed a few small trades on Singapore stocks and gained about $25. Current verdict: the most attractive bit is the low fees which enables me to trade small volume, the stock voucher rebate is much welcomed whereas the statement display can be a little confusing. I'll look at allocating some more funds as I feel ready to make bigger trades and possibly dipping into the US market. Some recommendations I read are for Vanguard suite of ETFs, tech or value stocks.

Tip: Tenuta San Guido Alberto 2017, supple with raspberry and currants

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