If you do not know what I mean, I suggest you read my past entry. It is kind of funny if you think about it. Haha…
There is hope for a turn-around though, but it is too soon to tell.
But anyway, there is more to fear than just the market.
And I did not really look at the market for the past week and therefore, no transactions either.
I cannot help thinking about the difference btw a professional investor and an individual investor who invests his own money in his spare time.
For a professional, what I did last week would be malfeasance. It is not only extremely unprofessional, but also a serious crime in many cases.
As an individual investor who only invests my own money in my spare time, I could totally do it.
I was busy preparing for the opportunity and feeling bad about losing it. I can totally gave myself a break which, by the way, I thought I totally deserved.
That is only one difference.
I think you can already tell that the difference in the requirements could lead to the difference in investment returns.
Investing is an extremely complex and professional field, which should be left to the professionals, in the ideal case.
However, the well-known “conflict of interest” is the major deterring factor.
Even someone you trust can do something unexpected or even unbelievable under pressure, driven by fear or greed.
Thus the famous and insightful saying: “I trust you, just not with my money”.
This is a problem!
I really wonder why no proper solution has surfaced yet, in this world where all entrepreneurs are rushing to offer solutions to people’s problems, as a way to make their own fortune.
Or maybe it is just not accessible to people of my level yet?
This stock has dropped ~40% since I bought last time and the price dropped further on Friday and reached the “Baseline” I set.
Furthermore, the financial performance of this company seems pretty solid. I am also a bit confused on why it just kept dropping while other stocks have more or less rebounded.
The past week has been a bad week, with the US market drop.
I finally made some major decisions after struggle. I would like to share that with you.
Here is another update on my transactions in the past week.
Capital injection: ~40KSGD
1.YALLA Group:
The price dropped 40% in the matter of 3 days. So we added positions twice during the week, one too early and one too late, perfectly missing the bottom.
The newly injected capital is at 20%+ loss now.
2.RLX Tech:
This is the leader in e-vapor products. With people caring more about health, there is potential. Also, they also have potential to increase sales by focusing on more online retails once the demand is there.
3.DADA Nexus:
This is a delivery business closely associated with JD. And JD logistics, though still losing money by itself, has been showing improvements.
Following my exit of Singtel and Keppel Infrastructure Trust last week, I have finally made the decision to exit the SG index as well.
I entered the market at the absolute peak and am still in the very RED after 3 years. There is no sign for it to recover to its highs.
I have planned to just hold for the long term. At least the dividends will keep coming. However, with the change of investing approach, my war-chest is empty.
So after a few weeks of struggle, I sold all my positions purchased with cash.
This puts a close to the SG index investment and all in all, it is a very bad investment for me. The realized losses, combined with the opportunity cost during the past 3 years is significant.
Part of the freed-up cash has been deployed into the market as above capital inflow, and I was immediately hit by the US market drop, suffering 10%-20% losses on paper.
Haha, maybe this portion of my money is bound to be invested at the time of peaks….If this happens a few more times, I will give an early warning, so that you guys can avoid what I am about to buy.
Hope everyone had a great CNY break. Today is work day again.
Another update on my transactions in the past week.
Capital injection: ~15KSGD
1.Semiconductor Mfg Intl:
This stock has dropped below my average price and I still believe in its long-term prospects. Thus I have added about 8KSGD worth of shares.
Luckily, the stock price is on the rise for the 2nd half of the week.
2.CSPC Pharma:
I did not have any medical stock in my portfolio. But the industry is good with people willing and able to spend more on health and beauty.
This particular stock looks well positioned and cheap enough.
The price has been flat since my purchase. Let see.
I have also tried to add positions to China Southern Airlines, but missed by a few cents. The stock did very well for the week with ~10% rise. So I guess that is another opportunity missed due to my indecisiveness.
I have sold all my positions of Singtel and Keppel Infrastructure Trust.
Keppel was the first stock I ever bought and that was like 7 or 8 year ago. I made a bit money from the dividend with capital appreciation at -6%.
I bought Singtel pretty much at its peak and I am still in the RED when I sold them.
The reason for the selling is that I do not see much potential in the next few years and it is a not big sum. And selling them would allow me to take care of one less investment account.
Therefore, I just let them go at the market price before the CNY.
The fund will go into my war chest and be deployed later.
Another update on my transactions in the past week.
Last week, the market was pretty much in the Red. And the GME episode and especially the reactions from Wall Street were just hilarious!
It is incredible to see so many opportunities floating around all the time. I can only blame my lack of capabilities to capture them.
Anyway, let’s get back to reality. Over the past week, I made the following transactions:
Capital injection: ~15KSGD
1.Nvidia
Nvidia technology is no doubt in the lead. I have purchased 4 Nvidia graphic cards directly and indirectly since I started to use computers.
I could still recall the time in 2017/18 when Nvidia mid-high end cards were selling at a premium due to the demand for mining. That price hike pushed my plan for building a new gaming PC by about a year.
With Bitcoin price in the cloud now, the demand will persist. It does seem the situation is repeating itself with the high-end 30 series.
Therefore, I think the stock could farewell in the mid term.
Over last week, the stock dropped by 6%, which makes this purchase my most costly purchase from Nvidia so far.
I hope I could make enough money later on from this purchase to buy a few new cards from them. Haha.
I also wanted to add some shares of China Southern Airline and also Semiconductor. However I missed the opportunity window again due to indecisiveness.
