Wednesday, January 1, 2014
Wishing all readers a Happy, Healthy and Prosperous New Year!
May the stock market yield healthy returns in the year ahead! :)
On a side note, I have heard many conflicting opinions on what would be the outlook for the local stock market in 2014. Most broker houses are predicting 2014 to be a bullish year for equities with CIMB by far the most optimistic, predicting STI to reach 3600. (by the way, STI closed at 3167 for 2013 AND 2012 - how coincidental!) On the other hand, many "stock gurus" and "trading school" are predicting equities to be bearish. I still am undecided on this, and tend to "take it one step at a time". I believe that no matter, whether bullish and bearish, just follow the trend and you'll make money! Besides, it is still early to say and I dont intend to spoil the New Year mood and predict "the market will be bad next year"...
2013 was a good year for me. My portfolio grew 32% (2013) year on year reaching a new record high, better than last year 25.9% (2012) and much better than the annualized 11.7% growth (2010) I achieved in my first year. As some of my loyal readers are aware, I started in 2010, making 2014 the fifth year in my investment journey. What will next year bring? I do not know myself but I sure pray and hope for the best :)
Then to my readers, I know that in 2013 I havent been posting much. But I hope you readers still benefited from my post one way or the other. I am no longer a teenager, and some people have asked me to change my blog url/title. But, I wont be doing it anytime, as I am (and continue to be) an advocate of young people starting early investing in the stock market, as I myself have benefited much from starting early in my investment journey.
And last but not least, Happy New Year! HUAT AH!