Add to Silver Position and Cut Oil Explosure

I have made some bold move lately. I have sold my Oil ETF position and used all that money to buy into Silver ETF SLV. I reason I do this is because between Oil and Silver, I really prefer Silver which is the real money when it come to financial crisis. I have realized a loss on Oil ETF during this transaction. Actually the LOSS is about $75,000 USD. But I am confident I can make it up in the future.  I just need to put this losses into my account statement.


Article by Macao Millionaire doctors Club

Purchase of Silver ETF

The Silver market has made a come back after 5 years of downtrend. I have transferred $385,000 into Silver ETF market in US. The reasons I have listed below:

1. Supply and Demand Inbalance. The demand for silver is larger than supply.
2. On the Technical aspect, Silver had broken it long term downtrend. It had recently made a 52 week high and the Moving average 10 wk and 40 wk has made a golden crosses with both MA now pointing upwards.
3. According to Momentum theory, after 5 years of downtrend. It should be follow by few years of uptrend.
4. Silver and Gold are the real currency. Compare to Money, I prefer to hold Silver and Gold

Because of the above reason, I brought Silver ETF SLV while it is making a pullback to its 10 week MA.


Article by Macao Millionaire Doctor Club

Sub-GOALS updates.

Well It had just passed my 35th birthday. And apparently I haven't achieved  my subgoal on 2016/05/07 which is Passive Income of $20,000 per month. My Passive Cashflow is about $13000 per month, a $7000 per month gap. However I did achieved finished reading and making notes on 12 really important books that is going to change my life. I will need to re-organize my plan and Re-Think how can I achieve my Goal.

Good News.
My Altus Off the plan project had finally started contructions. The develop expect settlement on Mid of 2018.

New Term Deposit.
My AUD term deposit had mature and I have roll over to another 6 month term deposit. The interest had gone down from 1.625% to 1.375% pa. Which had an impact on my Cashflow, about $200 dollar difference. While making the new deposit arrangement on the phone, I  forgot to ask the banking staff the rates for the new deposit. I just assume it will be the same but it is not. Lesson Learn, always ask never assume.


Article by
Macau Millionaire Doctor Club

GOLD purchase (5 TAELS of physical Gold)

YEAR 2016. My TOP 10 Books for GREAT WEALTH

In the beginning of the Year 2016. I have hand pick my TOP 10 books for Great Wealth Creation. The list is shown below:

1. The One Minute Millionaire by Mark Victor Hansen & Robert Allen
2. Multiple Streams of Income by Robert Allen
3. Nothing Down for the 2000's by Robert Allen
4. Rich Dad Poor Dad by Robert Kiyosaki
5. Secrets of the Millionaire Mind by T. Harv Eker
6. God wants you to be Rich by Scot Anderson
7. Think like a Billionaire become a Billionaire by Scot Anderson
8. Millionaire Habits in 21 days by Scot Anderson
9. Cash in a Flash by Mark Victor Hansen & Robert Allen
10. Think and Grow Rich by Napoleon Hill

With these 10 books, I am going to summarize the core principle and put it into my pocket book. I will reveals these principle on a regular basis to make sure I am on the Right Path to Rich. I am confident this principle will work. As all the above Author are Rich and Wealthy.


Articles by
Macao Millionaire Doctor Club

Preparing for Financial Turmoil in 2016

Lately I had renewed my Aud term deposit to another 6 months term with an annual interest of 1.625% which is a bit lower than previous. The reason for this is I have just setup a line of credit (overdraft facility) to use the Term deposit as collateral for a OD loan of $800,000 HKD at an interest rate of 5.25%p.a. This loan will give me buying power during the really bad times. I intent to use this money in Stocks index ETF and REIT. When the market collapse hard, I am  going to buy large amount of Index ETF especially Hang Seng Index at a bargain price and I intented to hold it for long 1st for Cashflow and 2nd for capital gain when the market resume it bull trend. Also I have just switch my Pension fund account to Cash in order to prepare for the coming crisis.


Article by Macao Millionaire Doctor

Oil and S&P 500 position review

It has been a while since I opened Long position on OIL and Short position on the US S&P 500. It seems to me that both position is taking time to mature. The oil market is still relatively oversupply despite the cut down in expense in big oil company, I guest it will take some time for the oil market to rebound. And for the S&P 500, I am still bearish on it. On the SPY chart, it is still below the 200 day MA. I guess it really need more time. I expected financial crisis to come in few months to a year time. So keep holding my Short position in SH is the best bet. BTW I am going to open up another line of credit facility in the near future, using my Aud Dollar term deposit as collateral. It will give me more buying power when financial crisis arrived. I am preparing for the future.


Article by Macao Millionaire Doctor