Saturday, September 22, 2018

"An additional $560k gone..." -- Calculating the dollar losses to investments and business

When I first started this blog years ago, it was meant to chronicle my journey, to be accountable to myself for my financial decisions.

Gradually, I have people telling me they learned from my blog. That kept me motivated, until I got busier and busier, and reduced the frequency of writing drastically, to the point I have almost not written much.

And... I'm glad that I have posted more in the earlier days. It's like I'm reading on my past self, how much more disciplined and stingy and scroogy I was than now.

So this blog post serves as chronicle for my future self to read and re-read again.

Instead of a blog post with a positive tone, this would take on a more negative tone.

More stock losses (~$29k)
I like to talk more about my losses in stocks, than gains. For me, it serves as a reminder of my stupidity, lapse of discipline, and how much more I have to think and learn. For others, it serves as a warning that the stock market is not here to feed you or give in to you, but a double edged sword that can slit your throat any moment.

Losing at Noble Group
After my past estimation that the estimated capital gain was near $0, more losses were chalked up. First, Noble. That was an additional ~$8k in losses. I have to admit, it was more of a gamble to buy. I cannot remember the price I got it now, but I remember having a minor profit after buying.

Subsequently, the management decided on a 10-for-1 consolidation, before the share price drop to its pre-consolidation price. In one fell swoop, this caused the share price to drop 90%. Failed gamble. Entirely my fault. I thought I did my homework, but obviously I do not know enough.

Sunday, January 29, 2017

My Realised Capital Gains After 8 years in the market Is Near Zero

Recently, I mentally tabulated a number of my stocks that I have sold, or suspended, or privatized… And the grand total of capital gains (dividends excluded) among all these realised gains is near zero… :(

Granted, there were a number that were due to mistakes made as a newbie in the stock market. The stocks offhand that I recall:

Review of 2016 and on to 2017

I haves meant to put this post out at the start of 2017, but was delayed by the birth of my princess and preparations for CNY.

I have not really been reviewing my portfolio and stuff since 2014. Looking back, re-reviewing myself, and writing on the blog, actually holds me accountable for my own progress, as well as being a chronicle of my past decision making, be it good or bad.

I wanted to restart this blog with a different focus, but haven’t had the time to do it. Procrastination had set in, along with a myriad of excuses (Which shouldn’t be there in the first place).

First thing, I realised recently that this blog had been extremely useful for myself to track my past purchases, and the reasons for it. What I know today and what I know then is very different, and I cringed at some of the purchases I made in the past.

Next, while I have grew very little in terms of portfolio value over the last 2 years, upon reflection, I realised my cash had gone significantly into
1) Wedding preparations.
2) Housing
3) Shared portion of car loan and misc expenses
4) Baby preparations
5) Purchases of various wants (this amounted to quite a fair bit)

Tuesday, November 15, 2016

Slacking from a 300k+ to 350k+ Portfolio

I realised that it has been a year since I wrote the blog post on my 300k + portfolio (and had it briefly mentioned in the Business Times -.-" )

Over the past year, I have been slacking. Real slacking. By slacking, I really mean I was not working as had as before when I first graduated. Then, I worked 70~80 hour weeks. Now? Probably 20+ hours

AND I have been spending lots.... some for good reason, some just for wants.

I am blessed to still have a portfolio that grew a little.

So... I did a trackback to check on the cashflow....