Reflections and My Top 10 Positions
Where should I start?
Prior to March 20, I primarily invested in SG firms. My portfolio suffered a 40 percent decrease as a result of the covid-19 pandemic.
I've been concentrating on the US market since May/June 20. As of March 21, my portfolio had broken even and had returned around 15%.
But then "Bill Hwang" shows up, and my portfolio suffered a gunshot wound that can be recovered in a short period of time.
However, I later became a Tencent and Baba shareholder. After that, we know what happened.
My portfolio is currently severely in the red, with losses perhaps approaching 50%. Worse than the March 2020 decline.
After all, the most crucial aspect of being an investor is to evaluate and comprehend what may have been done better.
1. Lack of Focus on Financials
It still makes sense based on the qualitative way I examined companies – by understanding their business, competitive advantage, competitors, and TAM.
However, there was a lack of focus on the companies' financials and valuation.
Therefore, it is time to get back to basics.
2. Lack of Patience
I don't like having idle cash lying around. So if the surplus cash hangs around for too long, I tend to look for the next investment.
I knew cash is king. But I still raced to buy at times, believing in my deep dive and the company’s product or service.
Maybe I was too early in the investment. After all, just because a product is good does not imply that it can be profitable.
I should have probably waited.
3. Never Gotten into Crypto
I'm glad I didn't get into Crypto. So there were no losses as a result of that.
It's not that I don't trust them or blockchain. It was far too complicated for me.
Nonetheless, I invested in Hut 8 Mining, a Bitcoin mining company. The position is now also in red.
In short, my company reviews should have been more comprehensive, and I should have been more patient in my purchases.
With that, here is an update on my portfolio's top 10 positions:
1. Alphabet (GOOG) - 21.9%
2. Bukit Sembawang (B61) - 17.5%
3. Digital Turbine (APPS) - 15.7%
4. Tencent (0700) - 11.8%
5. Alibaba (9988) - 5.7%
6. Palantir (PLTR) - 5.4%
7. Tesla (TSLA) - 4.6%
8. Hut 8 Mining (HUT) - 4.3%
9. FuboTV (FUBO) - 2.9%
10. Olam Group (VC2) - 2.8%
In comparison to my last update in March 2022, when I had 15 positions in total, with the top 10 positions contributing 83%, I now only have 12 positions, with the top 10 positions contributing more than 92%. In addition, cash position stands only at 3%.
Regardless, I will continue to invest and stay vested while building on my conviction.
Stay tuned for the next write up!