Hi Friends,
Hope that you are fine in the midst of the virus outbreak and that you have remained healthy and safe in this period. In my opinion, the virus has brought out the worst in us; with all the hoarding of essentials, selfish and inconsiderate behaviours and the panic selling in the stock market.
Let’s talk about the panic selling in the stock market. I would urge each one of you to search for companies with good intrinsic values that are on sale due to the selling. Following the wise words of Warren Buffett, “We should be greedy when others are fearful and fearful when others are greedy”. For me, I have built up a comfortable amount of money. Hence, during this correction, I am seeking a 30% return by the end of the year (assuming that the market would be back to normal by the end of the year.). This is an opportunity for growth in our portfolio.
Now, let's talk about my portfolio:
1. Stashaway (Invested 1200, current value 1164)
2. Stashaway Simple (Invested 8600, current value 8615)
3. Coasset (Invested 1000, expected return of 1090 in 2020)
4. Funding Society (Invested 2623, current value 2720)
5. Endowment (Invested 6000, expected return 6556.4 in 2022)
That would bring my returns to 1.78%. Not including cpf, life insurance etc.
Remember what I mentioned in my previous post? I said that there would be opportunities to take advantage of. Indeed, between 26th Jan to the 24th of Feb, My Stashaway was (Invested 1000, value at 1097) It was a 10% return in 1 month. But this correction took it all and I am in the negative. Wanna guess my response?
I bought more. I pumped in 200 (Sorry, poor intern here and I believe that the market has not finished dropping). I did this as the market would recover in the end.
Also, I have started on my internship and the allowance received from my internship is helping me to invest.
With that, remember to do your own due diligence when it comes to investing and continue to be vigilant.
Till next time,
Stay vested, stay frugal my friends.
Dionysius
Hope that you are fine in the midst of the virus outbreak and that you have remained healthy and safe in this period. In my opinion, the virus has brought out the worst in us; with all the hoarding of essentials, selfish and inconsiderate behaviours and the panic selling in the stock market.
Let’s talk about the panic selling in the stock market. I would urge each one of you to search for companies with good intrinsic values that are on sale due to the selling. Following the wise words of Warren Buffett, “We should be greedy when others are fearful and fearful when others are greedy”. For me, I have built up a comfortable amount of money. Hence, during this correction, I am seeking a 30% return by the end of the year (assuming that the market would be back to normal by the end of the year.). This is an opportunity for growth in our portfolio.
Now, let's talk about my portfolio:
1. Stashaway (Invested 1200, current value 1164)
2. Stashaway Simple (Invested 8600, current value 8615)
3. Coasset (Invested 1000, expected return of 1090 in 2020)
4. Funding Society (Invested 2623, current value 2720)
5. Endowment (Invested 6000, expected return 6556.4 in 2022)
That would bring my returns to 1.78%. Not including cpf, life insurance etc.
Remember what I mentioned in my previous post? I said that there would be opportunities to take advantage of. Indeed, between 26th Jan to the 24th of Feb, My Stashaway was (Invested 1000, value at 1097) It was a 10% return in 1 month. But this correction took it all and I am in the negative. Wanna guess my response?
I bought more. I pumped in 200 (Sorry, poor intern here and I believe that the market has not finished dropping). I did this as the market would recover in the end.
Also, I have started on my internship and the allowance received from my internship is helping me to invest.
With that, remember to do your own due diligence when it comes to investing and continue to be vigilant.
Till next time,
Stay vested, stay frugal my friends.
Dionysius