2011 was a horrid year where I was so busy with InnXX , tying up all the loose ends of my Dad's old business (finding who the accountant was, trying to get a buy-out of the old shareholder (email) , cashing out the dividend from the bank etc) and trying to sell my dad's property.
Was also busy getting a new maid for myself and my dad's side.
I also broke my arm trying to rescue my son from falling down the sofa.
I wasn't paying attention to macro economic data (where the Euro crisis erupted) and not emotionally strong for investment. As such, I sold a lot of good companies away like APB and Visa which went on to double or even triple in 2 short years.
I even shorted at a wrong time. (I thought the Euro crisis will cause a double dip). I have read too many gloomy reports on Italy and Spain record redemption of bonds coming in 2012 that I did not pay attention to the other side of the story, where the ECB unleash record help buying bonds. Further more stocks have already moved downwards more than 10% , what am I thinking....
2011 Investment ended down about 18%.
Was about to sell the house at a fair price in Dec 2011 till the government measure came out that night...really talk about striking lottery...
2012 Finally sold of InnXX in March...and property in May via ....
It was the year where I was entrusted to 2 Business division partner (aka 2 jobs but 1 salary), and my boss gave me another assignment which took up almost all my time.
I was researching for new investment themes in 2012 and was looking at good companies reasonably priced or beaten down companies which have a catalyst coming... so I bought into 3 main companies ...Microsoft at 28 and Nokia at 5+.... AAC at 23+
Microsoft PE was about 10 which was low due to its non-participation in the tablet and smartphone market...but I think things will change due to its dominance in the PC market will help it penetrate the tablet market. Review for its new OS was quite good as well.
Nokia was beaten down from 25+ to 5+ as it lost market share greatly in the smartphone market and its announcement its tie-up with Microsoft. But I think due to its old brand name and manufacturing powess and patents, it was worth much more and will rebound.
AAC was a play on the smartphone.
Unfortunately Nokia went down further when its first launch of smartphones was not well received. Actually I should have saw this coming but persisted as I though it will just be temporarily.... its stock dived when it warned in April and I cut lost at 3.8 ...taking a massive loss.
I diverted to AAC as I believe the smartphone market will continue booming...
I recovered slightly I sold most of it at 27.6....
I then diverted it to Nokia when its shares went into freefall to 1.8 ( it warned that its old phone will not support the new OS)...almost 50% since I sold it as it was almost cash and I felt Microsoft will continue to support it... it had 1B payment for a few years for Microsoft and few hundred millions from Apple paying it for patents.... and its pureview camera technology.
I then sold it mostly at 3.3.
I then diverted them no NDA (24) stex, (PE about 12), Mnst and NUAN.
2012 ended up about 16%... still lagging STI about 20%.
Was also busy getting a new maid for myself and my dad's side.
I also broke my arm trying to rescue my son from falling down the sofa.
I wasn't paying attention to macro economic data (where the Euro crisis erupted) and not emotionally strong for investment. As such, I sold a lot of good companies away like APB and Visa which went on to double or even triple in 2 short years.
I even shorted at a wrong time. (I thought the Euro crisis will cause a double dip). I have read too many gloomy reports on Italy and Spain record redemption of bonds coming in 2012 that I did not pay attention to the other side of the story, where the ECB unleash record help buying bonds. Further more stocks have already moved downwards more than 10% , what am I thinking....
2011 Investment ended down about 18%.
Was about to sell the house at a fair price in Dec 2011 till the government measure came out that night...really talk about striking lottery...
2012 Finally sold of InnXX in March...and property in May via ....
It was the year where I was entrusted to 2 Business division partner (aka 2 jobs but 1 salary), and my boss gave me another assignment which took up almost all my time.
I was researching for new investment themes in 2012 and was looking at good companies reasonably priced or beaten down companies which have a catalyst coming... so I bought into 3 main companies ...Microsoft at 28 and Nokia at 5+.... AAC at 23+
Microsoft PE was about 10 which was low due to its non-participation in the tablet and smartphone market...but I think things will change due to its dominance in the PC market will help it penetrate the tablet market. Review for its new OS was quite good as well.
Nokia was beaten down from 25+ to 5+ as it lost market share greatly in the smartphone market and its announcement its tie-up with Microsoft. But I think due to its old brand name and manufacturing powess and patents, it was worth much more and will rebound.
AAC was a play on the smartphone.
Unfortunately Nokia went down further when its first launch of smartphones was not well received. Actually I should have saw this coming but persisted as I though it will just be temporarily.... its stock dived when it warned in April and I cut lost at 3.8 ...taking a massive loss.
I diverted to AAC as I believe the smartphone market will continue booming...
I recovered slightly I sold most of it at 27.6....
I then diverted it to Nokia when its shares went into freefall to 1.8 ( it warned that its old phone will not support the new OS)...almost 50% since I sold it as it was almost cash and I felt Microsoft will continue to support it... it had 1B payment for a few years for Microsoft and few hundred millions from Apple paying it for patents.... and its pureview camera technology.
I then sold it mostly at 3.3.
I then diverted them no NDA (24) stex, (PE about 12), Mnst and NUAN.
2012 ended up about 16%... still lagging STI about 20%.
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