RESEND: Here is your bonus gift: Pete's Watchlist for 2022
Jan 11, 2022 2:19 am
Hi ,
Here's my weekly update for Jan 10, 2022...
This week the market saw a huge downturn for both crypto and stocks. Thankfully, many investors have adjusted their investment to properties as a hedge. Once again, this is the reason why I invest in these different assets.
At any time of the market, there will be ups and downs. If we can tolerate the volatility, it will be great but we are all humans. Therefore, to stay invested for long, you need to invest across assets that can dampen the volatility. (Volatility can never be removed and should not be as well! Otherwise, how do we invest in great prices?
So what do I think about the market going forward?
This is something that I share multiple times but I think it is worth repeating.
While I am still very bullish for the long term, short term will always be unpredictable and volatile. Nevertheless, I will still give it a stab.
Looking at the charts, I think the US market still has some downside risk but I believe the bottom will be near soon enough. So I will be preparing my cash to enter soon. I will be doing so for my Next Level Portfolio investors too!
Key Updates for the Week
Stock Market:
🎥 Charlie Munger Double Down on Alibaba!! | Buys $36m worth of Alibaba shares
Charlie Munger added almost 100% more to his Alibaba stake!
Is this a sign to buy?
or is there more that meets the eye!
🎥 Tencent sells $3bn of Sea Limited Shares!! | Is this the end?
Tencent sold $3bn of Sea Limited shares and Sea share prices drop 20%!
What should you do?
Property Market:
With the cooling measures in Dec, many thought that SG property prices will fall or at least take a pause but I received news that 2 new developments are hiking their prices!! 
Treasure at Tampines which will be ceasing all discounts ranging from 30-60k from 1 Feb
Normanton park will have 2% price increase across all sizes from 5 Feb!
Once again, don't try to time the market but spend time in the market is more important!
Waiting for the price drop might be in vain.
And last night we have members taking massive action to take advantage of the coming price jump 
With the price increase, you will have a profit margin even before you start your property journey!
If you need help with your property, apply at bit.ly/propertywithpete
In the 1min video below, I detailed why I think new launch prices are likely to continue rising.
#shorts
Crypto Market:
For Bitcoin, it has come back down to $42k, I think that is a healthy reaction.
To put it in perspective, BTC was also at $42k in Jan 2021 and back then the sentiment was super bullish but one year later at $42k, the sentiment is super bearish.
So which is which? I don't know! But my strategy for BTC has never changed, just buy into it regularly using Dollar Cost Average.
And FWIW, the technical charts does look a bit more promising now with the MACD and RSI trending higher!
Bonus Gift
Finally, as my New Year Gift to everyone on my mailing list! This is my 2022 watchlist! It is a core watchlist meaning that only a few stocks make it into this tier. 5 stocks and 5 crypto. This should be enough for most of you.
Once again thank you for being part of IWP community all these years! Let's have another awesome year ahead!
Enjoy, Pete Tan