Saturday, March 2, 2019

March Update

It's been a few months since my last post...

Quite a few happenings has happened on a personal level and also the recent fall in stocks the past few months had shaken me admittedly. However, I stuck to my guns and didn't sell any of my stocks, and have seen great recoveries in most of my stocks.

Notable mentions:

My dogged decision to keep buying Alibaba has netted me a great profit in just a short while. With the possible relief in the trade war, I have managed to dollar average up and down with around 25% of my portfolio concentrated in alibaba. This has net me a good overall net gain of around 20+ percent in a short while. Good stuff.

There has been some struggling stocks such as Singtel and Design Studio, with the latter committing sepukku. It has been particularly disappointing to see a once great stock such as Design Studio be ruined by the current CEO with it making a significant loss for the year, what with the crazy increase in payments to contractors accounting for a huge loss. I will probably exit around 50% of my holdings there especially because the reasons I bought it has not been validated. It is a painful mistake with the stock falling over 50% since i bought it. 

Overall, my portfolio is in the green and there has been some strong stocks supporting it, while some mistakes has led to the size of my profits being shrunk significantly.

I have also added to a chinese stock called Haier. this is the biggest appliances company in China and the stock had been at a significant discount, and a quick calculation of the free cash flow has led me to realize the huge margin of safety I had if I purchased the stock. It was one of my fastest purchases (with due diligence of course) and I have enjoyed the ride up of 6 percent in 2 short weeks. Hoping to see it climb even more what with how undervalued the stock is.

As I push on with this portfolio, I have come to understand what type of companies my investment style is suited for, and hopefully I will make less mistakes going on ahead. I remain hopeful that my career path and investment strategy will allow me to reach my financial dreams.

Cheers everyone and to a great year investing ahead.

1 comment:

  1. Hello everyone..Welcome to my free masterclass strategy where i teach experience and inexperience traders the secret behind a successful trade.And how to be profitable in trading I will also teach you how to make a profit of $12,000 USD weekly and how to get back all your lost funds feel free to email me on(brucedavid004@gmail.com) or whataspp number is +22999290178






    Hello everyone..Welcome to my free masterclass strategy where i teach experience and inexperience traders the secret behind a successful trade.And how to be profitable in trading I will also teach you how to make a profit of $12,000 USD weekly and how to get back all your lost funds feel free to email me on(brucedavid004@gmail.com) or whataspp number is +22999290178





    Hello everyone..Welcome to my free masterclass strategy where i teach experience and inexperience traders the secret behind a successful trade.And how to be profitable in trading I will also teach you how to make a profit of $12,000 USD weekly and how to get back all your lost funds feel free to email me on(brucedavid004@gmail.com) or whataspp number is +22999290178

    ReplyDelete

March Update

It's been a few months since my last post... Quite a few happenings has happened on a personal level and also the recent fall in stoc...