recovering from the bleeding and still bleeding. still humbled by the market... sian...

Net worth decline by 21.7% year to date from a record high of 3.1M at the beginning of the year.
relook at the portfolio i am holding reposition from high growth to a defensive portfolio.

reasonable yield with net cash companies 5 to 7% yield.
Dividend forecasted to be around 100K to 120k with a port of 2.2M

Debt to equity currently at 10% will be shoring up to 20% 1.2 x geared ..

Maxed gearing to 1.3 X

Let's see if we can out perform .

Un-geared port at -18.52% YTD.

Humbled by the market

Received a -624K decline this year bringing the decline to 27% YTD.

the decline increase by a factor of 1.2 due to the usage of leveraged .

In the good time bull market leveraged was widely used. This is not uncommon .

However some people uses more some people uses less.

For me my usage is simple i basically just used it and will use my dividend and income to repay it ..

Even than it was simply too much for me .

Well basically my portfolio investment portfolio reached back to the 2018 level when the market is at their multi year low.

All my gains for 2019 was wiped out in this event..

We are currently 624k away from my all time high .

Confirmed dividend announced is about 62k for half yearly . These amount would be reinvested back into the market during these unusual timing.

observation from the market - a lot of margin call or force selling which are reluctant sales that are triggered by funds redemptions or margin call. The low for STI at 2100 level after which strong rebound toward 2500 level expect consolidation near the 2300-2500 level before moving higher or lower from here.

Lets see..

The 1 in 38th chances of our life time .

WOW !!! .... Drop again... ZZZZ...  Net worth drop to slightly below SGD 3M....  Sian... If we looked at what has happened in the last 1 year itself our portfolio is pretty volatile reason being we had a focus portfolio of 20-30 holdings. The Month to date drop was about 6.5% for this month as and the total decline for YTD about 9% . as the platform did not update the US market decline last night ..


So what do we do ?? We panic and sell.. Of cost not .. For a season investor that had been thru the 2008 financial crisis , this decline is nothing new..

There had been a total of 38 decline of more than 10% decline since WW2 according to an article published by GS. The odds is clear investing is a long term game and to build wealth, one must be able to endure the volatility. The most important question right now should be ? Are you sure of what you are buying ?

So now the next question should be if it drop to more than 20% whats next,  congrats your odds has just reduce further to 1 in 12 chances in your life time.

Had it dropped to more than 60% ? congrats once in your lifetime... must wack jia luk jia luk.

If drop more than that ?? don't worry a lot of billionaires must have lost more than you haha !!!

what a month, what a start

Overall portfolio decline by 2.69% in the month of Jan, this is the first pull back in the last 4 months.
We were up by more than 3% in the mid of the month only to end the month down thats a swing of 5.69% in the other direction.

Overall networth decline to 3,052,111

2019 year to date return what a year ...

Year to date return came in at drum roll 32.98%

But it does not looks as impressive as it seems reason being last year we were down 8%

Assuming we start off with 1M by the end of 2018 we are left with 920K

so 920K *1.33 = 1.2236 annualise return for 2 years is only 10.62% for the period 2018-2019




2013 +18.6%
2014 + 18.4%
2015 + 17.7&
2016 + 5.9%
2017 + 15.7%
2018 -8%
2019 + 33 %


Lesson learn - it is harder to climb back up when u are down for a year ...
We were very lucky last year.. Lets hoped that we can do average return of 14% per year as 10.62% we are actually underperforming on the hurdle we set which is at 14% return .

We ended the year at the net worth below .

We have actually withdrawn 50k from our dividend to subsidy our lifestyle for last year and my wife has stopped working for 2 years and counting ..  ..

Happy CNY and happy new year to all.

3,122,624

Net Worth (SGD) ?

Merry X Mas looking back

Looking back in the last one year . The Return for this year seems impressive actually is not really as last year we suffer a lost of 6.9%. We need to chase back 10% this year in order to breakeven .

As such CAGR is about 13.89% P.A for the last 7 years.
I aim to have alpha of about 4-6% min per year. Best guess market is entering the third phase of the bull Market or the matured Bull. the last phase is the euphoric bull.

Such good result should not be expected yearly.

Net-worth cross 3M charging ahead.

This year seems to be a good year for us returning YTD as of 24/11/19 @ 27.62 percent.
Last year our portfolio decline 8%

overall our return for the last 2 years average 8.355%

Our CAGR for last 7 years was 14%.

Lesson learn one bad year cost us significant amount of time to recover our losses.

JD losses seems so much that we might need one more good year to bring us closer to the 14% CAGR that we are able to achieve previously.