Saturday 25 April 2020

Taking a Peek Out of the Closet

Hello world!

It’s been some time and I thought it’ll be good for me to come out and say Hi in the midst of this storm.

Hi

I haven’t really been blogging because there’s not much I’ve done in terms of wealth accumulation y’all know. Just the basic DCA, ETF, etc kinda stuff. Not much I could have written about and I’m not a really consistent bloke anyway (read my past posts and you’ll see all the broken promise I made regarding consistency..hehhee). 

BUT NOW!

With so much going on in the world and market right now, I thought it’ll be good to pen my thoughts and build some roadmap for the days ahead. Less emotional and more systematic way of investing, aka The Lazy Man style.

First up, some performance reporting. 

All in percentage of course, since it looks better on me given that value of my portfolio is so paltry compared to the titans I know.

At this point of time, I have lost 1.5% of my portfolio. Equities took a hit which was buffered by gains in bond and alt invest. Could have improved the performance if I had devoted more effort in options trading or shorting, but oh well, just too lazy to do so. Would rather spend the time with my kid or nua-ing.

With that cleared, let’s set some plans for the days ahead:

- Continue to DCA ETFs on the 2nd Monday of every month;
- Continue to buy $X worth of ETFs with every 7% dip from the last low;
- Continue to buy $X worth of DBS, OCBC and CapitaLand with every 15% dip from the last purchase price;
- Sell Guocoland if the price falls below $1.20 (If it falls to this level, the market probably thinks it doesn’t have the cash reserve to survive this storm and I’ll be getting out while I can.).

On a side note, I wanna appeal for everyone to be kind and just help out if you can la. Some people I know are really affected by the turmoil and I honestly do not think they deserve it. They are just being dealt a bad hand at this moment that could kick them off the table forever. Not a fair game to them seriously :(

So be kind guys!

1 comment:

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