Wednesday, January 2, 2019

Happy New Year 2019 and review of 2018

Another year has passed. It is 2019 already. Work has kept me busy these few months. (I just came back from a work trip overseas few weeks ago). Consequently, the calculation of last year's portfolio performance has been delayed. Below is my portfolio performance. Last year's portfolio performance was very poor. Period.

Year
My Portfolio
(inclusive of capital injections)
My Portfolio (less capital injections)
STI
2010
+11.7 (annualized)
-0.8 (annualized)
+10.1
2011
35.3
17
-17
2012
25.9
9.9
19.7
2013
32
19.9
0
2014
53.7
44.2
6.2
2015
-0.6
-9.1
-14.3
2016
82.4
74.7
-0.1
2017
66.6
57.7
18.1
2018
-18.6
-22
-9.8


This poor performance was anticipated earlier in my mid year review, where I had highlighted the fact that I was down 15% (vs a decline of 5% for the STI). But still, I am very disappointed that I could not halt the decline further.

Much work is needed to rehabilitate my portfolio's performance for the year ahead. Hopefully, I will do better this year. This was also the first time in more than five years that I underperformed the STI index. Hence, I am taking last year's lacklustre performance very seriously and will need to seriously rethink my strategy going forward.

If I am unable to cope with both work and investment, I will need to consider putting more money into safer investment (such as fixed deposits, bonds, STI ETF) and less money into active stock selection. Consequently, I have to accept investment performance that is potentially less lucrative than that from active stock picking.

 I had started a process of rebuilding my investments since the middle of last year. Focusing on the fundamentals. Reflect and bring back the good practices that allowed me to over-perform in the prior years. I hope I will be eventually be able to rebuild, recoup, regain and perform better for this year! 

Happy New Year 2019! Many happy returns for the new year ahead! HUAT AH! 

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