Dividend Collected (January 2021) - Apes Together Strong Part 2

Dividend Collected to Date

Dividend by Month (Last 5 Years)

Top Dividend Contribution (Last 12 Months)

Dividend collected for the month of January 2021: $1.16K*

*Dividends are realized on pay date

• SINGTEL
• NIKKOAM SGBD ETF

Dividend (YTD): $1.16K

Average Monthly Dividend (YTD): $1.16K

Total Dividend Collected to Date: $112.92K

The GME episode has taught me a few lessons and led me to question myself if I understand how the stock market works. The answer I got is that I totally have no idea. My thoughts are as follow.

Stock Market Is Not Free Market

The main reason for asking the question is when brokerages ban the purchase of meme stocks and only allow selling. This move is against the principle of free market trading and is the reason why many people is questioning the ban. The ban was still enforced even after GME crashed more than 60%. With buying being capped, price discovery cannot occur and bargain hunters cannot enter. The only outcome is for the price to continue crashing. Robinhood tried explaining it that it was the requirement of clearing house and it makes me even more confused with the explanation. 

In any case, I now believe that there will be times where I won’t be able trade according to my plan. For e.g., when in times of panic, brokerages may prevent me from selling and liquidating my position. These limitations may not apply to institutional investor and retail investor may be at a disadvantage.

Market Is Heavily Manipulated

This applies to both retail and institutional investor. The problem with market manipulation is that, although it is illegal, it is hard for enforcement. Take for example the case of Bluemont, the court case is still ongoing after 8 years. I think I will never go against the direction of big hedge fund companies like Citadel. It is also one of the companies that I think will be ‘too big to fall’, and will likely be bailed out when in distress.

Take Financial News With a Pinch Of Salt

One of the interest things I witnessed during the GME episode is that media outlets running stories which are not truthful. The news that I am referring to is that the media claimed that redditors are targeting to squeeze SLV. I followed r/wallstreetbets, r/investing and r/stocks and none of these subreddits are calling for the buying of SLV. On the contrary, most redditors are warning against the buying of SLV and claiming it’s a trap. But the news media ignore the fact, and simply just accredited the rise of SLV price to redditors. So, always use your own judgement to validate the facts and not just take what you read online as facts.

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