10th year blogging anniversary

April 2020 marked my 10th year anniversary of writing this blog.


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 seen all my ups and downs). A sincere thanks to the readers who have accompanied me in my journey, and fellow bloggers 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 bloody red stock portfolio (due to the black swan event that unfolded too quickly for us to react). I was hoping I could boast some multi-baggers or a first bag of gold, but often, reality differs. That's life! Now I have learnt to take things in stride. Hind sight wisdom again, I might have also missed the boat of mega dip-buying in March as I was kind of expecting a dead-cat bounce. My current portfolio sits on a -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 through the journey would be how to deal with UNCERTAINTIES as

1)  winners would not stay as winners forever

10 years ago, the monopoly business Genting SP hit an all-time-high for its share price but who would have guessed that 10 years down the road it's trading at only 78c? If I am a 'koala' that just 'feed on 1 or 2 trees', what would happen? 

2) the highs can go higher and the lows can go lower and 

Look at Amazon, Google - their valuation and PE are outrageously high.

Look at Hutchison Port Holding Trust and Eagle Hospitality Trust - still can go lower, no?


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.

On the other hand, we must also recognize that too many trees could cause a performance drag / downfall (from execution lag) when a crisis strikes.


Another lesson is that one cannot learn what is investing without doing ACTIVE investing. If I have been a buy-and-hold investor or a passive index investor (eg. just buy STI), I would not have as much fun nor discover as many shores as I did. It would have been darn boring to read a blog that simply repeats the same ideas and parroting the same concepts from some renown investors like Buffett or Lynch.


I shall take this post as a learning milestone for me.


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

Nothing. Because it will probably hamper me from trying out all the interesting stuff.

I want the same journey of which I keep learning, keep trying, keep failing, keep growing. There is really no short-cut in life and no one advice that is fit for all.



No one can reach his destination without much 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.

----------------------

Brain food:

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." 
- Rainbow

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Comments

  1. Rainbow girl,

    Happy 10 year anniversary!

    Time pass pretty fast once we've left school...


    It's fun learning about ourselves and the markets, isn't it?

    Especially when your 10 years of experience is not 1st year experience times 10 ;)

    LOL!

    ReplyDelete
    Replies
    1. Hi SMOL,

      Thanks! I recalled we started blogging around the same time so 10th year anniversary to you too. :)

      Yup, hope for the next 10 years if I am still blogging it won't be 10 yrs experience x2 LOL. Don't know what kind of black swan might happen then.

      Delete

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