Saturday, April 4, 2009


"Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength" - Arnold Schwarzenegger

I have long 3 Topix/Nikkei spread position with paper losses of S$1,485 for the New Financial Year starting April 2009.

The margin required for the Topix/Nikkei spread is quite high and we are incurring interest cost for holding longer term position since we don't have enough Yen in the account. The broker is making good money charging us 4% interest for our Yen debit account whenever we have outstanding open position and not paying a single cent when we have credit in our Yen account.

I will be more adventurous and aggressive in this New Financial Year 2009. My target will be 24% return for account 2 this year and expect a roller coaster ride. I am looking forward to the challenge and hitting this target as soon as possible.

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