Saturday, 2 February 2019

10 rights, 6 wrongs

Revisiting 6 rights, 2 wrongs a previous post that I have written in 2016, this is an update 2+ years since:


What do we see?

That I have learnt my lesson!

Now 10 rights, 6 wrong. Overall gain for equity portfolio = 8.09%

It would have been 12 rights have I not sold my YZJ holdings a couple weeks ago (@ $1.25, ugh!) and M1 still on board (took up the offer to release at $2.06). The overall gain is cos the stock market rebounded from the snowy Nov/Dec slides. Current gain may not be indicative of future gain.


I have no multi-bagger. My overall gain is modest... so nothing to brag about here. If I have known which are the stellar stocks, I would not be having 16 but perhaps less than 6 stock holdings and park most of my spare money there.

But sadly, I have to admit, I am no prodigy at value investing nor timing the market. I can only control what I can control which are position sizing and stop losses. In my early days when I bought stocks following some bloggers, they were all flop. That is another lesson. Do our OWN due diligence, always!


Read Position Sizing (investopedia)


It is very difficult to build a strong portfolio that can weather the storm. (What we witnessed in December is probably just a small downpour.) It takes one decision at a time, one action at a time, consistency and discipline.

--

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." - George Soros


***
Check out my Blog Archives here for previous posts

4 comments:

  1. You are still young. You have plenty of time ahead to pick up multibaggers

    ReplyDelete
  2. It seems a multi bagger can happen only by B&H for a few market cycles or try the catalysts board lol.

    Never try because think too lazy and not smart enough or brave enough.

    ReplyDelete
  3. And young lady 8 % CAGR is quite impressive.

    I will take it anytime for 20 to 30 years.

    Anything CAGR of 6%+ for 30 years is O. K. to me aka inflation stays less than 2 to 3 %(in CAGR relatively).

    Not so easy in investing.

    No one can guarantee 6% CAGR for 30 years.

    So anything above that is a bonus to me, man.

    Shalom.

    ReplyDelete
    Replies
    1. Hi Temperament, thanks for your compliment. However, my returns here are not CAGR, they are just my current paper losses/ gains snapshot. I didn't really do the maths for CAGR.

      Now that everything's quite inflated in their share price (bull run has been for too long), it's not easy to get multi-baggers just like what you've said. Unless we witness another Lehmen lvl crash.

      Delete

Related Posts Plugin for WordPress, Blogger...