Web3 is moving towards centralization

The article (my first impression of web3) by Signal co-founder Moxie Marlinspike matches what I observe in the web3, NFT or crypto/blockchain space. Eventually, the market force will drive centralized entities to build centralized platforms on the top of distributed protocols.More

2021 Annual report of my portfolio

Return: +111.3% Performance: Portfolio +111.3% NASDAQ +21.39% S&P +26.89% Monthly performance: Month YTD Change Jan -0.6% -0.6% Feb +5.5% +6.2% Mar +2.1% -3.3% Apr +18.6% +16.2% May +6% -10.7% Jun +24.7% +17.7% Jul +60.6% +28.8% Aug +64.2% +2.2% Sep +63.6% -0.3% Oct +156.9% +56.7% Nov +158.9% +0.4% Dec +111.3% -18.2% Allocation: TSLA NET NVDA Cash…More

Building a stable stock portfolio for 2022

In the past I was reluctant to HODL big techs because they are too slow. Nobody wants to get rich slowly. I knew many stock newbies try to go all-in on speculative stocks or momentum stocks and hope that they will make 10x or 100x profit overnight. But that’s not realistic. There may be one…More

Why I sold Cloudflare (NET) stock

I’ve made the biggest investment mistake this year – not selling Cloudflare (NET) stock and taking profit much earlier. I should’ve sold or at least trimmed my position of NET in late November or early December. I’ve got plenty of opportunities to reduce my position, but I didn’t do so. I didn’t even consider to…More

The trades of 2021 are almost flawless

I seldom document my trades in details but this year’s execution has so far been nearly impeccable. My trades tends to be more chaotic in the past, but this year my thought is clearer. I can explain the rationale behind each trade as I perform fewer and fewer trades in recent years which I wouldn’t…More

Subscription.txt: My method of content consumption

I don’t read news, don’t have any social media accounts for consuming content, and hate the addictive news feeds of social media sites. How do I “follow” or “subscribe” to my favorite content? What if there are some YouTube channels I want to subscribe to? I’ve been trying a method which I call subscription.txt. As…More

iPad is not for productivity

In WWDC 2021, Apple revealed more productivity features of iPad (again), such as the “improved and intuitive” multitasking experience (which is not intuitive at all) and the enhanced handoff feature, letting you seamlessly move stuff across iDevices (which tricks you into buying even more iDevices). What can be achieved on a cheap desktop now can be…More

Time is a priceless asset

Learning how to invest has completely changed how I perceive the values of things and make decisions. In the investment world, different asset classes like stocks, bonds and commodities have their own risks, scarcity and potential return. You have to proactively assess the dynamically-changing risk factors of each asset class, and put the right amount…More

Financial independence: How much do you need

In this article, we will work out a rough number of how much you need to achieve financial independence and the path to get there. I’ve been asked this question so many times that I think it’s worth writing it down formally. This piece will be extremely pragmatic and no BS. My definition of financial…More

I don’t think cryptocurrencies will succeed

I bought and sold cryptocurrencies, making some profit, but I’m not a great believer in them. I bet on Bitcoin and Ethereum because I thought their prices would appreciate. I sold them later because I thought the market was overheat. Will Bitcoin rise to $500,000? Perhaps. But that’s nothing to do with the success of…More