Monday, December 29, 2008

Painful 2008, and a rude awakening/answer

Well, it's been a painful 2008. I have seen my portfolio dwindle to less than one-third YTD. 

I have stopped blogging for a few months, partly because of the losses, and partly because I am lazy. and busy 

2008 also offers a rude awakening and an answer to my hypothetical question I have often posed to myself. Is my 2007 returns due to skill or luck? 2008 answers "luck". And so, I am the fool. Hopefully, I will emerge smarter.

While I am still surviving and suffering investing pain, I am still investing. In equities. 

Probably I have this belief. 2009 will be a better year for equities. If not, 2010. 

And yes, my portfolio. I have sold Cacalo, C&G and Valutronics. Buys are China Ziano and China Fish ,which may be higher quality businesses than what I have sold. Presently, I am looking to buy a REIT, given the interesting high yield. 

Finally, I have recently read a brillant book. It is "Outliers" by Malcolm Galdwell.
- No comments:
Labels:
Subscribe to: Posts (Atom)

Disappointed with SReits / Thoughs on T-Bill bought using CPF-OA

 Link Reit (listed in HK) released its 1H results recently. Its DPU rose 3.7%.  Better than most SReits: - Mapletree Pan Asia Commercial Tru...

  • Mad Selling in a Over-Cautious Mood
    Well, I guess I may have done it again. I may have succumbed to the falling market and my over-cautious mood last week. I have sold C&G,...
  • Ex-post answers
    Here, I shall provide answers to two issues I have raised two years ago. First, in my Dec 2007 book review, I have asked given the similarit...
  • A Perfect Storm
    Looking at the STI over the past few trading days, it certainly seems to be a perfect storm with YTD losses of around 8%. As Buffett has sai...