Finance Investment Movement 16

It's coming to the end of the year and while the festive mood is warming up, the markets certainly hasn't taken much of a breather. There's been much volatility observed in the crypto space as NFTs come to the fore which I think is very much infant. More and more corporates, celebrities and investment houses are buying digital land to reserve a spot. At this juncture, I don't intend to wade in. Maybe spending some time in play and earn online games might persuade me later. Instead, in a bit of a haste, I purchased Solana just to participate in this project. My entry price of US$198 wasn't ideal but no point fretting now. Coinhako has also rewarded me with 11000 tokens of Shiba but with the value being so small, I'll just keep and forget, deep down hoping it will rise in future.

Few days ago, I finally set up a Futu account with $2800 to enjoy the free Apple share promotion and also to compare the platform versus Tiger Brokers. Previously, I wondered if the promotion would be further sweetened but it seems unlikely and better to get in before it's too late. Entire process was as smooth as Tiger's so it's a tie for now.

For good measure, after observing the stock for more than 10 years, I got reacquainted with Ho Bee at $2.80. Many moons ago, my memory tells me that my last trade made me $200 with prices around $1.40, this was certainly a new leap of faith. I bought with the conviction that the major shareholders had been buying at the same price and public float is low so hoping for one of two things to happen. First, a privatization offer which I rate as slim because the company probably prefers to stay listed as a matter of prestige. Second, a spin off of assets into a commercial reit which makes good sense since this is a good way to unlock value for shareholders. If nothing happens, then just pray that it continues to pay 3.5% dividend annually and I'll take it. If its price was to drop further, I don't mind adding.

Tip: Petrolo Torrione 2015, a medium bodied beauty with fresh berry expression and smooth tannins