8 May 2020

Spiritual food I

Climbing mountain


We are all travelers climbing the mountain of clarity via our own path. The path is unique to each of us because we are unique individuals.

Many times we are hindered from our climb by the 5 hindrances as described in the video below. They are namely - 

1) Sensual desires 
2) Ill will / aversion 
3) Dullness / heaviness  
4) Restlessness and 
5) Skeptical doubt



The Blue Mountains


Everyone who aspire to reach the peak will gather different experiences along the way. We cannot ask other travelers and expect to get the same experiences as them, nor extrapolate what the path (truth) would look like.

Our views when we reached the peak may also vary.


Live the present moment


We often lament on the past opportunities that we have missed but forget to look at the present (or future) where our next opportunity lies.

We fail to accept our current situation and live on hope. 

We become reactive instead of proactive.


Ask ourselves - why so?





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1 May 2020

10th year anniversary & weekend brain food VII

April marked my 10th year anniversary of writing this blog. How time flies! Or perhaps not. As I look back on the steps that I have trudged since I embarked on this investing journey, it sure wasn't a breeze (for those who followed me from Day 1 would have known). A sincere thanks to all readers who have accompanied me in my journey, especially the ones who have shared pearls of wisdom with me and the ones who are not afraid to poke my writings (you know who you are *wink*). 


It isn't flattering to celebrate my 10th year of investing with a red stock portfolio (thanks to the covid pandemic which is indeed a once-in-a-decade black swan event). I was hoping I could be boasting some multi-baggers, but often, reality differs from expectation. That's life. Now I have learnt to take things in stride. On hind sight, I might have also missed the boats of some mega dips in March as I was kind of expecting a dead cat bounce. My current portfolio sits at -6% (based on capital spent, excluding div yields) with the best green marshal being Mapletree Logistics Trust (gain of 40%). 


With that said, my biggest takeaway throughout the journey would be how to deal with UNCERTAINTIES in an era where- 1)  winners may not stay as winners forever, 2) the highs can go higher and the lows can go lower and 3) anytime the tide may turn (the importance of having foresight to that). In the presence of these uncertainties, we must learn to manage risks and let go of losers. We must learn diversification. We must brace ourselves for the time when the tide turns against us. We must know well what are within our control and what are not.
10 years ago, the monopoly business Genting SP hit a all-time-high for its share price but who would have guessed that 10 years down the road today it's trading at 78c? If I am a 'koala' that only 'feed on 1 or 2 trees', what would happen? [On the other hand, recognize that too many trees to handle may also cause a drag (in execution) of overall portfolio when a crisis strikes.]


I have also learnt that true learning comes from ACTIVE investing and not passive, If I have been a buy-and-hold investor or a passive index investor (i.e. just buy STI), I would not have as much fun nor discover as many shores as I did. It would be boring to read a blog that just keeps repeating the same ideas and paraphrasing isn't it?


This long-awaited post marked a milestone for me.


What would I have advised my 10-year-younger self if I could start over again?


Nothing. I would want the same learning journey. If there's short-cut that bao jiak, eventually it would be the norm and not a short-cut anymore (quote Seth Godin).

There is really no short-cut in life. Read broadly, try everything (as long as it doesn't kill) and try to get better with time.

No one can reach his destination without exploration and efforts.

-
A glance on my US portfolio P/L ytd:


There's much hopes around pushing up the prices. But volatility's not over.

In 2018, I have learnt what is taking losses in a bad way. In 2020, I am resolved not to repeat the same mistakes I have made in 2018 when the market zig-zags.

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Brainfood:

The money printing machine is at work again.

This is foresight.

When I am done with my current readings, I will read the book.




"We cannot rationalize the market, we can only adapt to its irrationality." - Rainbowcoin

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17 April 2020

It's mad rush for gold again

Source: Saxo
After the first mad rush for gold in March, the price did a pull-back and shot up again on 14th April.

Circled points are the support levels that were good entry points.


It takes some guts and conviction to stay vested during pull-backs in an uptrend.

Any price of a good investment opportunity can look expensive when retraced backward and look cheap when extrapolated forward.

So we need to be visionary when investing. That's how I have been investing in the SG stocks in the past few weeks besides usual trading. Best performer is MLT.

SG stocks portfolio current: -8.4%

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Has the covid peaked? Is this the start of another bullish trend for stocks (due to cheap money) or just a dead cat bounce (as covid lockdowns impact earnings moving forward)?

Only time can tell.

We are navigating murky water again now.


YTD P/L. A bit bloody initially.


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It really sucks to work when most people WFH and sucks even more to see people going out to shop with family (and kids?!) as though it's weekend. I hope the Circuit Breaker will not get extended.


CB is a perfect time to find out what we can do without and ways we could be saving money.

Services, products, time-wasting chores, meet ups... Now we realized how some people are making big bucks with non-essential services and we suddenly realized we might not have "invested enough" into what are essential, taking them for granted during "peaceful times". Quick resources redeployment is critical should the pandemic persists.

I hope people take this opportunity to invest in themselves as well as invest in good causes, not just in stocks.

Even though at times I wish I have achieved FIRE, I guess those who are planning or already on a lean FIRE might be facing some set backs. Dividends payout delay, dividend yield cuts and lesser investment capital for draw-down are some of the challenges faced.

Those who have enough spare cash (aka warchest) to invest are the ones who would reap the most return when the market rebounds.



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