TUB Path To 100% - May 2023
It has been some time since I last posted here, but rest assured that I have not been idle. For those who have been following my social media, you are likely aware that I recently authored a few articles on Seeking Alpha (Shared within this post). If you haven't already, I invite you to follow me on my Seeking Alpha profile.
Moving forward, my focus will be primarily on writing for Seeking Alpha, as it presents a fantastic opportunity for me to aim for the highest possible return in the shortest amount of time. However, I do plan to keep TUBInvesting alive and active. After all, it is where I began my journey.
Going forward, I will be publishing 2 articles on TUBInvesting each month as part of two new series.
The first series will be a monthly update, TUB Path To 100%. It will document my journey towards recovering back to portfolio of 100%.
The second series, TUB Assert, will feature special write-ups on companies, industries, or views that I find particularly compelling.
Back to the first post of the new series, TUB Path To 100%...
In the interest of transparency, I must confess that due to the market downturn and my focus on small-cap investments, many of my holdings over the past two years have suffered significant losses. In fact, some have plummeted by as much as 80% or 90%, leaving me with only 40% of my original portfolio. I had touched ob this issue in my previous post, "My Restart: Portfolio Updates and Investment Strategies."
That being said, I am eager to document my journey as I work towards not only recovering my losses, but also exceeding 100%. It's worth noting that my strategies, views, and macro environment have shifted since my last write-up, and as a result, my portfolio has undergone some changes as well.
Without further ado, here are my current 16 holdings, ranked by target position size:
- Hock Lian Seng (SGX: J2T)
- Keppel Infrastructure Trust (SGX: A7RU)
- TDCX - New
- LQDT - New
- ValueMax Group Ltd (SGX: T6I)
- EPM - New
- FUBO - Options Only
As compared to the last update, my cash positions currently still stand at 21%, and I have increased my Singapore listed positions from 1 to 3, with the remaining companies listed in the US. APPS remains my largest holding, comprising approximately 25% of my portfolio. Notably, big tech firms now represent only a small percentage of my holdings, with TSLA and GOOG being the only two.
I also made the decision to sell my holdings in MSFT and CMLS. With regards to MSFT, I had only held a small number of shares and decided to sell them after the stock price increased significantly. As for CMLS, I had miscalculated the impact of interest expense on the company and did not anticipate the losses they would incur in their upcoming earnings report. As a result, I made the decision to sell my position in CMLS.
I would also like to share my recent portfolio additions with you. In addition to Singapore-listed companies, I have also added the following:
- TDCX: This is a digital customer experience solutions provider based in Singapore that caters to innovative technology and blue-chip companies. Wait for the article!
- LQDT: I have written a detailed article about this company on Seeking Alpha titled "Liquidity Services: A Compelling Investment Despite Macro Risks".
- EPM: This is an oil and gas exploration and production company that pays a dividend of over 7%. Wait for the article!
Finally, I would like to bring to your attention two additional articles that I have recently published and may be of interest to you.
The first article, titled "Movado Group: An Undervalued Investment Opportunity Amid Market Challenges", is about another vested position of mine in MOV.
In the second article, I take a short position view on VVI and discuss the risks and uncertainties that I believe undermine the company's promising progress. This marks my first-ever article on a short position, and I am thrilled to share my perspective with my audience.
Thus concludes this month's update for The TUB Path To 100%.
Stay tuned for TUB Assert.