Worrying and What IF

 I had been feeling quite vexed for the past 2-3 weeks, because I suddenly have quite some time on hand at work. Was looking for stuff to do during work. And feeling stressed from nothing.

This weekend, suffered another  bout of insomnia on Friday night. After a bomb just dropped into my lap on Friday. The stupid project is back...

Because of this project, I had serious thoughts of quitting many times. During weekend, i can't rest as my mind is all on my work.

Today feeling very restless, I went to youtube to see if there is something that can help me allay all these worries. I do not want to rob myself of precious time for something (my job) that does not matter.

Came across Mel Robbin short clip. The 6 magic work "What if it all works out?". Immediately I tried to use it and somehow I calmed  down magically. Will try to see if this little tip can help me pull through my ups and downs in life.

"WHAT IFS" opens up the mind to alternatives,  to bigger scope  and lens. 

Absurd housing prices

Though I have moved into my bedok 4 room resale flat, exactly 1 year, I will still kapoh by checking the prices in property guru.

Recently saw the areas around my place putting up prices at above 500k for 990 sqft. In my mind, if i have 500k, I would rather spend it on a 94 year resale Bto unit than ours which only has a remaining lease of 50plus

years.

Something isnt quite right and plus the Fed is expected to increase interest rates a few round this year, the home loan rate will only get higher. There is a real risk of not being able to service mortgage bank loans. Gone are the days of zero interest rates.

Luckily when we bought bedok, we locked in at 5 years interest for this flat. I can have a peace of mind during such turmoil times as my cpf contribution is enough to cover the monthly instalment.

Seems like the bubble (stocks, house, crypto) is able to end soon. Still accumulating cash.

Half year net worth

I did some calculation of my net worth this year.

My net worth (not considering my house) is 400k.

An increase of 85k from end 2021.

For my calculations, my stock price is valued at cost price.

Still accumulating cash

I am still accumulating cash, so that I can buy the stocks I want during the crash.

The market is motivated by fear, and Warren Buffett once said, when people are fearful, be greedy. When people are greedy, be fearful.

US economy contracted in Q1. If it happens again, we are in a recession. 

More and more, we should see companies announcing layoffs. A scene that was common during the 2008 financial crisis.

Have 50 plus k on hand. Will continue to save more.