SG Budget Babe
Asked on 03 Dec 2019
What do you seek to achieve for your investments in 2020?
Improve my mental models about evaluating investmenst and sitting tight on them! I 2019 I sold 2 of my stock after making a 2 bagger. it continued to climb and I would have otherwise made a 4 bagger and three bagger respectively.
08 Dec 2019
I'll continue to look for opportunities in the markets when stock valuations go low, taking into account lessons learnt from the missed opportunities which occurred this year, and I intend to be a little more decisive when entering the markets instead of hanging around waiting for a lower price to occur.
On the UT side of things, nothing will change. RSP shall continue.
And I intend for CPF to be a meaningful part of my retirement, so I shall continue to contribute to my SA via RSTU, and when that's maxed out tax relief wise, I will continue to contribute to all my 3 CPF accounts.
For me, my goal is simple.
I want to be a more sophisticated investor. I am a shy person, i want to step out of my comfort zone and mix around with more people who are far better than myself.
I do not have a fix target for my portfolio returns. Because market in the short term is irrational and in the long term is a weighing machine. So, i will only care about my long term result.
I hope i will not be making the same mistakes which i did in 2019. And hope to find more good investment opportunities in 2020!
I considered myself quite blessed this year! Did about less than 5 trade and making around 10%... as long as my money is growing above inflation rate and making some profits of around 10%, I consider that as a big achivement!
How about you, Gabriel?
Invest within what I know and what I can afford to. Grow the sum above inflation rate!
Sit tight on my ass and do nothing (hopefully!)
One of the worst mistakes that most investors make is the lack of patience for things to grow well over time.
Also, network with more international investors to gain their viewpoints!
Many investors could've been made millionaires on their stock holdings however it is the greed or urge of locking profits that prevented them from becoming so. As the saying goes, never kill your golden goose!
PS: Make sure it is REALLY a golden goose first!
Get out of my comfort zone by going for slightly riskier stocks; current small basket has stable returns but I guess I can try to push the return% a bit more.
I am a value investor.
Previously my goal is to hit a certain percentage.
But I realised that sabo-taged me, I was always obsessed with the numbers and it affected the way I made decisions.
So I decided to make a goal where I will make 90% best investing decions, and this year it has helped me a lot. I was fortunate to make a 30% return from the markets.
I'm long till 2022 at least. And I don't take any short positions.
While yes, markets are at all time highs or close to it, there can be juice and with some volatility hopefully, a regular savings method can catch any downsides.
I'll be happy with a double digit return.
I always keep my goal simple and achievable.
Reduce expense so as to increase my funds for investments
Buy more stocks that pay dividends to increase my dividend income. No set target of how much to increase as this is still the accumulation phase.
a positive performance above 0% for the year would somehow be O.K.
a positive performance above 5% for the year would be very good
a positive performance above that one of the US SP500 would be a success
I attach an auto-updating year 2020 chart of SP500 and one of it's major ETF alternatives with a %-scale to the right.
So we can come back to this page on 31/12/2020 to know what really