As I do not have much to write about, maybe it's time for a personal update.
a) Financial markets
As I stopped leverage aeons ago, I was unaffected by developments in the financial markets. As interest rates rose, my REITs and Business Trusts shrank, but my dividends were not hit that badly, so I can afford to hold. If I do have a worry, it's the US-based office REITs, but I'm well diversified and don't have double-digit yields this year.
My interpretation of bank failures is that they may be a signal to the Fed to stop raising rates. As I'm not really vested in the US, my concern is about contagion to local banks. But that risk is also small.
I don't think local dividends investors will need to really be too concerned about the markets.
Just stay calm and collect dividends this month.
I'm ramping down my work in the law firm and focused on building my new program. I'll probably head to the office to buy everyone snacks before I go off.
The funny thing is that I've tried going for a few interviews weeks ago and thought employers decided to give my profile a pass, but for one job offer, I seem to get into the advanced stages. While monetising my time during the day is no longer my priority, I have decided to press on without really being vested in the outcome.
c) New Course
The bulk of my effort has been put here and the past 3 weeks have been exhilarating. As data can be fetched from Yahoo Finance, I'm not longer limited by the availability of Bloomberg terminals and built up 4 robo-advisors and 4 back-testing tools to optimise and review some trading ideas from various books I've been reading.
The outcome will be an investment course that teaches students how to create and tune Robo-advisors through the use of some code I've written in Jupyter notebooks. The backtests are very successful after some tuning and my all-weather portfolios can get a Sharpe ratio close to 1 in the tough period between 2018 and 2023. More interesting is that the four strategies are almost uncorrelated from each other.
So I've basically been coding in Python and creating Power Point slides for the past 2 weeks. In time, I might do an ERM Alumni event that will preview one chapter from my new program. Some ERM Alumni are interested in a networking and makan session, so I might be talking to Dr Wealth staff to see whether this is financially feasible.
Anyway, even if the new course may not take off immediately, I should be able to launch my personal hedge fund with a small portion of my capital in April.
d) Hobbies and Leisure
I guess I'm lucky because I enjoy coding robo-advisors and back testers, so I have no real need to put in any work into my hobbies.
But I'm happy to say that I have watched the Dungeons and Dragons movie last night. I think the D&D brand was cursed with really bad movies in the past so my expectations were not high. The latest D&D movie was a blast that is fun for new fans but full of fan service for longtime D&D players.
There is some demand for DM work and some folks are asking me to run a game.
I will see what I can do.