29 May 2021
Read? Lucky Or Unlucky When You First Get Started Investing Over Market Cycles (3)
A newbie's investing performance as Panda in local market from $180K to $235K in 3 mths!
One indication why newbie can out perform veteran even both have large account size to hoot the market.
Investing /trading : Once bitten, twice shy?
Veterans can be suffering from this! Just like Uncle8888!
Read? My Thought On Leveraging To Power Up Trading Income From SGX
Active contra trading T+5? Never again!
Why?
The days of becoming rich from market is over! Since 2016; it is about getting investment income from the market to support retirement income for life and avoid taking bigger risks for bigger rewards!
Once bitten, twice shy?
It is quite obvious! After 2008; Uncle8888 is becoming more kiasi and kiasu! No more hoot ah!
Uncle 8888
ReplyDeletePortfolio size must be high 6 figs or 7 figs, unless leverage.
True! Account size matters unless willing to take higher risks by leveraging and also need to know when to deleverage before getting wipe off by forced selling on margin calls.
DeleteRemind me of one customer, portfolio value 1 mil, 200k base, 800k borrowed /margin in sg market, major REIT holdings. When times are good, keep call and f my team members, trying to squeeze every single thing.
DeleteLast year march onwards, suddenly no more calls from him...
To gain/loss that figures. :X
ReplyDeleteCW,
ReplyDeleteHow "young" is this newbie?
I'm guessing he didn't buy-and-hold the STI ETF ;)
In his early 40s! Mid life crisis is about to begin! Time to invest in stock market to open another door. LOL!
DeleteCW,
DeleteSounds about right for the size of his portfolio ;)
Well, he could be investing to ESCAPE - day job going nowhere, mid-life crisis, industry badly affected by Wuhan virus...
Or he could be investing to ACHIEVE!
Cultivating his craft to build a track record to prepare for his mid-career switch to the financial industry.
Start at the bottom all over again as a Buy-side analyst, and work his way up to a portfolio manager :)
Alternatively, he can invest full time as his one man family office ;)
Those investing to achieve have no need to "retire" from investing or switch to CPF when they got enough.
Not when you love what you doing!
P.S. I'm impressed. And I thought STI has been stuck in a range for the past 3 months!
His position size not small ;)
Quote : "P.S. I'm impressed. And I thought STI has been stuck in a range for the past 3 months! His position size not small ;)"
DeleteWah! I'm more impressed at your sharpness to spot it right!
I am jealous, struggle to even make a paper gain for my holdings
ReplyDeleteTo make it into a "career" or for retirement sustenance, the key is consistency. Can he consistently maintain this kind of returns, year after year?
ReplyDeleteThe humble CPF can. The 1M65 people are aiming for 4M65. With 4M65, a couple can receive $120,000 a year in interests and CPF Life payouts yearly for life.
And yes, account size obviously matters, except that with the CPF, you can sleep well, enjoy life, and spend time on things that really matter instead of watching the market.
mysecretinvestment,
DeleteHmm...
If your own children were to surprise you they would like to "jump into the sea" to chase their entrepreneur rainbows, you would.... Discourage? Cheer them on?
You've shared with us the crazy risks you took in your property investments during your younger days.
How would the younger you respond to the present you today saying what you've said above?
Am I the only one giving the 40 year old "newbie" the benefit of the doubt?
Why must we always assume veterans must be better than newbies?
Maybe the strength of youths is they do not know what cannot be done?
And why do we need to pour water on others just to make ourselves feel good?
What will happen tomorrow I do not know.
But I know at the present, and especially over the past 3 months, this 40 year plus newbie has BEATEN me hands down ;)
And I cool with it ;)
Give chance.
If we have a -50% market crash tomorrow, please don't rub salt into our wounds!