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!
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 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.
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"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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You are still young. You have plenty of time ahead to pick up multibaggers
ReplyDeleteIt seems a multi bagger can happen only by B&H for a few market cycles or try the catalysts board lol.
ReplyDeleteNever try because think too lazy and not smart enough or brave enough.
And young lady 8 % CAGR is quite impressive.
ReplyDeleteI 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.
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.
DeleteNow 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.