Wishing, waiting, praying…

Not much to update these days. I’m pretty depressed because of what happened at the beginning of this year. Usually I’ve been a fairly risk-neutral investor, neither too risk taking or too conservative, but this year I foolishly took out 3 loans to average down into crypto, which subsequently plummeted 90%. That’s $170k down the drain. I’ve been trying to come back since then.

This year is easily one of the worst years of my life. Aside from my financial problems which has basically sucked out all my paychecks to pay back those loans, almost all my friends have left San Francisco, my Korean gf broke up with me due to the distance, and I’m stuck here unable to visit my Korean friends or my ex-gf at all. I have to sell my apartment first. Why? Because it’s the only way to pay back my loans. If I didn’t do that, I would have to work for the next 3 years to pay back my loans. And I can’t take a vacation or quit my job either because of these stupid loans that have to be paid back. I can’t average down my crypto to even try to make some of my money back either. Basically I dug myself into a deep, deep hole, and selling my apartment is the only way out in a reasonable amount of time. If I rented it out, I would need at least $6k a month to pay back my loans + mortgage interest + HOA fees + property tax + enough remaining money to survive on. It’s unlikely I can rent out my unit for that much. So I’ve listed my apartment for $800k. I also paid $30k in renovation + parking fees to help sell it.
Some of my friends have told me that is a low price, but I’ve got to get myself out of my financial rut somehow.

On top of that, my health hasn’t been good this year and I’ve had to take anti-depressants as well just to keep myself from suiciding.

So yeah, this year has been awful. I think I only had one friend I really hung out with the entire year. Every day at work has been boring and just looking forward to the paycheck, just so I can pay back for the mistake I made back in January. Hopefully my place will sell soon, so that I can finally escape this prison…

Worst Financial year ever

Everything I touch turned to dust this year. I’m still on my anti-depressant medication because otherwise I would have killed myself by now. Seriously. Let’s count the ways.

-in Jan, Korea had the crypto premium at 40%. I didn’t make use of the crypto account my gf made for me, and the premium is now completely gone.
-In Jan, I had a gain of 50k on my crypto. I didn’t sell or take profits. Now I’m down 170k. That’s a swing of 220k. +50 to -170.
-In Feb, the only ICO I invested in last year at $1.10 each debuted at $4 each. I could have sold right then and there and took $30k profit but of course I didn’t. I kept holding, and now this month I sold it at $0.90 each. Yup, I lost $2k when I could have been up $30k.
-In Jan/Feb I invested in a lot of stupid risky ICOs – over 20 of them. I thought if even ONE of them did a 10x I could make up for the other ones. Nope, turned out ALL of them except two went down 80-90% and the two that made me money only went up 50%. That hardly makes up for my losses. I’m down 37 ETH on that.
-In Jan/Feb I took out 3 loans to average down for a total of 85k + 5k in origination fees/interest. And… the market went down 70% since then. So yeah, that was stupid as well.
-I sold off all my stocks at the beginning of the year to put all into crypto. The AMZN/TSLA/NVDA stocks I sold subsequently went up 50%+ and crypto went down 70%. FML.
-In Apr/May I got scammed 1.5ETH by people pretending to be admins on telegram.
-In Apr I lost $2300 shipping a package because I didn’t use the USPS Priority mail and it didn’t have tracking to Canada. Buyer complained, I had to pay it back since I had no way of proving it was delivered.
-Worst timing ever. I sell EOS and ETC, a few days later it goes up 20%. I sell BITG literally the next day it jumps up by 50%. Why? why does this happen to me?
-In June I put a lot of my money into masternode coins to try and stabilize. I sold off a lot of coins at the bottom because I wanted to make some stable income. Well guess what, those coins are up 30-40% now, and my masternode coins are down 70%. Of course. One of them even went down 90%. I lost over 2 BTC on those. Even when I am trying to stabilize I end up losing money.
-In June when I was trying to get my place renovated, the movers lost my $1000 camera. Seriously, wtf? I can’t even get something as simple as moving my items done without losing money???

So yeah (and don’t forget my gf broke up with me early in the year, my job gets more and more tedious and I’m on meds now) this is easily the most horrible year I’ve had in recent memory. Please, please let this year end soon. Last year was boring but I was at least steadily gaining money. This year, 1/3rd of my net worth is gone, and everything I try to do to get it back only loses me more money. What is happening to me? I must be the anti-Midas touch. I even lost my friends money as I got them into the same masternode coins. My only saving grace is I really hope my apartment sells for above market value to at least make back for some of my losses…

2017: Year in Review

Merry Christmas and Happy Holidays once again. And once again, I feel that 2017 has gone by way too fast lol. Perhaps its because I spent most of this year at home and not really going outside and meeting new people and making friends like I did when I lived in Korea..

Highlights
-Saved and invested a lot. Made back all my gambling losses (and then some!) with cryptocurrency this year. The rise of Bitcoin and other crypto-currencies this year has been truly astounding and imo a once in a lifetime event. Doubled my net worth this year.
-Finally made a Korean gf! and one that has lasted so far, the longest out of all my relationships. My previous longest relationship lasted 2 months. This one has been 3 months and counting! Yes it is a long distance relationship. I got to visit her in Korea for Christmas, we unfortunately only got to spend 4 days together, but it was an amazing 4 days and I can’t wait until the next time I see her (which might not be until next May).
-Went back to Korea twice this year, both times to meet a girl…

Lowlights
-I could have made more with crypto-currency. A lot more. But who could have expected Bitcoin to rise up 900%+ this year, or Litecoin to go up 7000% or Ripple to gain 10000%? And so on and so forth.. heck investing in ANY top 10 crypto coin this year could have made you rich. I was too timid at the beginning of the year, didn’t hold long enough, and lost my chance at becoming a millionaire. Oh well.
-Absolute boring-ness this year. Didn’t go out much. Didn’t make many friends. Work was just so-so. I was quietly dying on the inside this whole year.
-Donald Trump. Yeah I hate him. In San Francisco, who doesn’t? I’m no liberal but even as a conservative I can’t stand the guy. Especially when he’s threatening North Korea (and by extension the safe being of South Korea) all the time!
-6 times going back and forth between Canada-US border to get my TN visa processed. 6 times getting harassed at the border and getting treated like a criminal! this is partly the reason why I don’t want to get a new US job.

Summary
2017 is a year that won’t go down as one of my more exciting years. This year was all about making money and saving money. Granted, I did do a lot of that. Due to the great performance of both the stock market and cryptocurrencies, I doubled my net worth this year. I also tried my best not to spend *as* much as last year. 2015 and 2016 I bought countless electronics and gadgets. I think this year I bought one new laptop (Thinkpad TP25), 2 new watches (Frederique Constant Moonphase and Orient Star GMT), and some phones (BlackBerry KeyOne, Sony Xperia XZ1 Compact, Google Pixel 2) as well obviously games and stuff but those were the only things I bought at full retail price. Last year was far worse (I bought 3 new laptops in Dec 2016 alone!).

So yeah I know I have to do more. My best friend in SF is my idol; he not only made tons of gains by holding onto his Litecoin / Ripple holdings, but he’s always frugal and never buys anything unless he absolutely needs it. Would be nice to be like that.
Aside from that, not much else has happened this year. San Francisco is becoming a wasteland. More and more homeless people. Higher and higher prices. Less Koreans/Japanese/Taiwanese/Internationals in exchange for the only race that seems interested in staying here which are mainland Chinese. And some mainland Chinese are alright, but its no secret that I don’t get along with the majority of them. I find most of them pretentious, materialistic, and overly ignorant / prideful.

The main purpose of this year really, is to gear up for the monumental changes to my life that will happen next year. I’ve already prepared for it. At a certain point in time next year, I will sell my apartment, leave the USA, and finally after 7 years of living here, and the first time really ever in my life, give myself some freedom, with no obligation to study or work. No more TN visa hassles. Just meet my girlfriend (which I also have big plans for next year, if it all works out with her), travel to different countries, and settle back down in Canada. Big changes are happening next year, and partly the reason why 2017 *had* to be a boring, stable year is because this was a preparation year meant to save up money and gear up for next year. And in that sense, I felt that this year was a success.