Some reflections of my last 11-12 years investments performance.
IRR respectable 24% but could be much much better.
FY06 was extremely good which probably won't be repeated as the portfolio was heavily stacked on 1 stock.
FY09 / FY10 /FY11 /FY12 was when I was extremely busy for various reasons and no time to evaluate investment positions.
Of cos I started my investment journey way back in 2001 when I was starting a dot-com (which failed) and dabbled in US shares, options, shorting which was completely disastrous. It was only after several reading up of investments books, understanding business fundamentals, industry fundamentals, investment fundamentals and spending time reading/evaluating business/investments/ did I adopt a more rigid and discipline approach to investing. It was also in 2003 that my Dad gave me a lump sum of money to start investing.
Going forward with the size of my portfolio, it will be much harder to repeat such performances. Many penny stocks in Singapore do not suit me as especially this year where my investment was wrong, I could barely exit my position without taking a v big hit (Food empire).
Looking back at each year's end portfolio, if I were to maintain those positions, it would have severely underperformed my current portfolio. My portfolio is quite actively managed (good & bad) . The good is I can switch to better performing business , but the bad means sometimes (emotions take charge) and I lose very very good positions (eg. Visa , APB , CerebosP, NDAQ).
To continue double digit performances,
1) I need to spend more time reading on businesses / investments / research etc which I feel right now I still have not done enough.
2) Businesses which are excellent, I have to have enough conviction and patience to continue to hold through a bad trough.
3) Businesses which I have bought stocks on the US market, several times I have been emotional affected due to the late nights (inadequate sleep - VISA, Gazprom) etc. Therefore I have to maintain a greater disregard to the stock market movement (not the business)
I am again facing a cross roads with my career. My colleagues (who are not as capable and have not proven themselves) are moving up while my position have been stagnant. End of the year, the company is restructuring again. I am contemplating whether I should move on......
The good thing about this company is that it has more flexible hours, near my place and when it is off peak, I have sometime to do my analysis. However I cannot stand incompetent people (younger than me also) moving further up higher than me.....
I do not blog regularly currently as with 2 young kids (have to spend time to teach and educate them - the primary school education system is not easy), a full-time job and time to do my investments research.
IRR respectable 24% but could be much much better.
FY06 was extremely good which probably won't be repeated as the portfolio was heavily stacked on 1 stock.
FY09 / FY10 /FY11 /FY12 was when I was extremely busy for various reasons and no time to evaluate investment positions.
Of cos I started my investment journey way back in 2001 when I was starting a dot-com (which failed) and dabbled in US shares, options, shorting which was completely disastrous. It was only after several reading up of investments books, understanding business fundamentals, industry fundamentals, investment fundamentals and spending time reading/evaluating business/investments/ did I adopt a more rigid and discipline approach to investing. It was also in 2003 that my Dad gave me a lump sum of money to start investing.
Going forward with the size of my portfolio, it will be much harder to repeat such performances. Many penny stocks in Singapore do not suit me as especially this year where my investment was wrong, I could barely exit my position without taking a v big hit (Food empire).
Looking back at each year's end portfolio, if I were to maintain those positions, it would have severely underperformed my current portfolio. My portfolio is quite actively managed (good & bad) . The good is I can switch to better performing business , but the bad means sometimes (emotions take charge) and I lose very very good positions (eg. Visa , APB , CerebosP, NDAQ).
To continue double digit performances,
1) I need to spend more time reading on businesses / investments / research etc which I feel right now I still have not done enough.
2) Businesses which are excellent, I have to have enough conviction and patience to continue to hold through a bad trough.
3) Businesses which I have bought stocks on the US market, several times I have been emotional affected due to the late nights (inadequate sleep - VISA, Gazprom) etc. Therefore I have to maintain a greater disregard to the stock market movement (not the business)
I am again facing a cross roads with my career. My colleagues (who are not as capable and have not proven themselves) are moving up while my position have been stagnant. End of the year, the company is restructuring again. I am contemplating whether I should move on......
The good thing about this company is that it has more flexible hours, near my place and when it is off peak, I have sometime to do my analysis. However I cannot stand incompetent people (younger than me also) moving further up higher than me.....
I do not blog regularly currently as with 2 young kids (have to spend time to teach and educate them - the primary school education system is not easy), a full-time job and time to do my investments research.
| FY03 | 1.37 | |
| FY04 | 0.88 | |
| FY05 | 1.67 | |
| FY06 | 2.55 | |
| FY07 | 1.36 | |
| FY08 | 0.94 | |
| FY09 | 1.09 | Co Restruct |
| FY10 | 1.42 | Dad's Condition |
| FY11 | 0.79 | 3 jobs - Dad's company etc |
| FY12 | 1.16 | Co Restruct |
| FY13 | 1.32 | |
| FY14 | 1.16 | |
| 14.36208 | ||
| Avg IRR | 25.7% |
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