Monday, January 8, 2018

SG Bloggers

2018-1-8

I rather randomly followed a couple of SG bloggers after coming back, selection is mainly based on my personal preference and quality of their articles, most of them post articles in the area of stock investment, financial planning and financial freedom, these areas are my interests.

- SG Wealth Builder, one of my liked bloggers recently put up a subscription based banner, I cannot any longer read his article w/o signup as a member. What a pity.

- ASSI, another locally known blogger has gone into semi-retirement mode since 2nd half of Y2017, he has reduced frequency of updates.

Time to make efforts to do my own home study more. Such time will anyway come by, sooner or later.

On personal improvement side, based on someone's recommendation, recently I finished reading "The art of thinking clearly".  I do not really appreciate every single fallacy summarized by Rolf Dobelli(the author). Even though the book serves a good pocketguide for quick reference, I still prefer master piece from Darrell Huff: How to lie with Statistics, or even Taleb's "Fooled by Randomness".

But one thing, I learnt from Rolf's book and thus would like to blog it down is: alternative path, when our investment return is good, is that because of our skill or our luck? It is more of a skill if thru alternative paths, I achieved the similar status/result/outcome.

That serves a sober reminder if I made some improvement on my stock investment.

Monday, January 1, 2018

Reflections on 2017 and Target for 2018

2017 is over. I have made some progresses and some mistakes.

In term of share investment, here is my result table.


2017
Return in Index
In local currency
Avg Position
In RMB
HSI
35.99%
19.12%
60%
10.73%
NASDAQ
29.11%
6.46%
35%
-0.24%
DJIA
25.68%
SPX500
20.04%
STI
17.99%
9.12%
30%
9.64%
000001.SH
6.56%
19.01%
50%
19.01%
399001.SZ
8.48%
399006.SZ
-10.67%
CSI300
21.78%
Total aggregated return
12.55% (in constant currency)
11.40%


I didn't do good enough in either STI or Hongkong or US market, with average position usually below 50%, most of the time around 30%. This was probably, in retrospect, a bad decision, as being too concern of the markets.

In 2017, I got the following IPOs:
- Dasin Retail TR, 0.80, didn't earn much money, sold in the 1st week of listing
- Netlink NBN TR, 0.81, still holding on to it
- RE&S, 0.22, made some nice profit and unloaded in the 1st week of listing
This is the first year I applied IPO in SG market, as it is usually not open to Singapore investors when they are overseas resided; I'm still getting used to the IPO scene locally.

Investment into STI ETF on installment basis turned out to be decent result, while my selection of SingPost and TTJ didn't work too well: SingPost is a rush-in after reading Alibaba's investment, even though my entry price is lower than theirs, it is still a bit too high after which I started reading its annual report and its fraud investment case in the US eCommerce space. TTJ, still monitoring it further.

Good performance is actually from Tat Seng Pkg and Sinostar Pec, I got in both counters at relatively low price.

Turnaround story is Keppel and DBS.

My SG investment is 27+% return on the counters I'm holding in 2017, but since I allocate my current asset into 3 equal portions: cash, stock, and living expense reserve. Overall return on this asset class is then 9.12%.

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A new year resolution of mine in 2018 is to work harder, to stay healthy.

2018-01-01