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

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1 comment:

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


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