Today I am in Hong Kong. It has been a while since I was last here in 2014. Coming back to HK after 4 years, I have very mixed feelings. The city seems little changed, but my feelings are now very different.
These 4 years have been eventful for me. There have been many permanent changes. Career wise, I was on a one year sabbatical in 2014, taking a break from work. Now, I am not employed at all.
A while ago, I discovered I had more siblings than I was aware of. Along the way, I also found and lost something very precious.
More recently, I applied but was unsuccessful in a job application. I attended the second round of interview and was confident that I will get an offer. So I was surprised at the rejection. Now, it seems that I will be unemployed for a while longer.
On the financial front, the markets have been volatile since the start of the year. I have invested some $40k but am still very much vested in cash. The property market seems to be on an uptrend. Based on my technical analysis of the PPI (private property index), it maybe opportune to buy.
But the signals are all misaligned. The equities market is near an all time high, but looks like it’s trending down. The PPI on the other hand, seems to be turning the curve. Rental yield is also negative, making property a loss making investment at the outset.
But people are still buying despite challenging employment conditions, a big rich poor divide and uncertain world politics. I am not sure how things will pan out over the next decade. But cash yield is still low. It will take guts to take a position when I am not totally convinced.
Despite not working for 1.5 years, I am still financially sound. Last year, I added 120k to my net worth despite all the travels and not having an active income. I had taken profit on my equities, kept my wants simple and spent prudently. This year will be bad for my passive income cos I have a reduced portfolio.
So far, I have been unable to re-enter the markets at a significant low. Things are also getting expensive, especially for luxury goods like private property. I will have to take some actions to prepare myself for a more expensive environment that’s expected to come.
In my semi-retirement, I try to do what makes me happy everyday. But I have limited success. I am looking to work again but its not easy for middle age entrants like myself to find meaningful work. For now, I will have to keep trying and hope for the best.
Love, adventure and an apple.
Last year this time, I was in Melbourne. I wrote the April 2017 post and said that I hoped that I won’t be an April fool. Sadly, I have been proven a fool yet again. I am in Hong Kong now, letting my soul recover.
I have tried and failed. Despite trying to forgive, accept and change, I have not succeeded in what I wanted to achieve. I am trying to let go now, be kinder to myself and accept what seems inevitable.
“愚人自愚, 自做自受。因果报应, 咎由自取”
…. I have always pride myself on being intelligent, but I have been too silly. Now I am suffering the consequences. What has happened is entirely my fault, I only have myself to blame for the mess I am in. I am sorry 😖….
(Update: Friday the 13th (13/4). I am now in Taipei. Everything is irreversible and over. The lines have been crossed. Things will never be back the same…)
I have faith that things will get better somehow. What other choices do I have but to believe in that? I must engage myself meaningfully so that I have less time for depressing thoughts.
To a better tomorrow 🍸 Happy April Fool to us. I still want to be silly (and laugh at myself) but hope not to be stupid this way anymore.