My richdreamz portfolio – visit my portfolio to learn together!

-16%

That was how I performed in CY2022. Below average performance. All my story writing did not amount to anything, this year.

How ever, I’m sticking to my process –

1. Quality stocks with strong business fundamentals will lose time but junk stocks will lose time & money.
2. Have consistent process & stick with it during multiple cycles. If it’s high growth strategy or super value or momentum or cigar butt or XYZ – stick to it over a bull-bear cycle. Within the strategy, be flexible. But, for you to be flexible with multiple strategies at the same time, you need to have at least 10 years of market experience. PERIOD.
3. There are a whole lot of stocks in between quality & junk, but I do not have the required expertise, temperament & patience to invest in them.
4. I have further concentrated into my high conviction stocks by trimming technical picks that I entered. I have done my home work & willing to wait for it to show results. My intuition & experience tells me that I should show patience at this juncture.
5. If this year works well, I’m near to having a stable hold & monitor portfolio in the medium term.

I’m putting down my past 10 years performance, net of taxes, brokerages etc. Allow for some leeway as I was not calculating my performance prior to 2020. But last 3 calendar years is fairly correct.

Observations:

1. If you take out the best few years, I’m not a good investor at all.
2. Luck & ignorance plays a role.
3. Temperament trumps IQ. Sitting > running in investing.
4. My portfolio beta is high, meaning during bull markets it races & during bear markets is slumps. This is because of the nature of the stocks I invest/ trade in. This is what I’m looking to correct in future.
5. Most of the time I trade and/ or invest in the same set of stocks. So, basically, I rotate within a confined set of stocks that I’m comfortable with. I’m not looking to change this behaviour.
6. Actually, I’m really good at trading but I’m not interested in pursuing this as of now. Probably, sometime in future, I may re-visit this for a change or zing in life (as if the current volatility is not enough!).

Have a HAPPY NEW YEAR 2023 & Don’t lose money listening to market experts, they don’t have your best interests at heart & accountability.

Looking at my performance, I would have even invested in a good mutual fund for the last 10 years & had a blast travelling but I would not have had the market experience that I have now which may come in handy if I make it big & give back to society one day. Or I would have missed learning a new money making skill of technical analysis.

Probably I will update @ Q1CY2023.