Portfolio summary - Dec-end
$AMZN $AYX $BABA $DOCU $ESTC $FB $GOOGL $GSX $LK $LVGO $MELI $PIAHY $PINS $PYPL $ROKU $SE $SPCE $SQ $STNE $TAL $TCEHY $TWLO $WORK $ZS
No hedges in place.
YTD performance -
Portfolio +13.45% , $ACWI +26.58% , $SPX +28.88%
contd...
$AMZN $AYX $BABA $DOCU $ESTC $FB $GOOGL $GSX $LK $LVGO $MELI $PIAHY $PINS $PYPL $ROKU $SE $SPCE $SQ $STNE $TAL $TCEHY $TWLO $WORK $ZS
No hedges in place.
YTD performance -
Portfolio +13.45% , $ACWI +26.58% , $SPX +28.88%
contd...
2) After the 8% bounce in November, my portfolio only appreciated marginally (+1%) last month and underperformed the broad indices.
Following the brutal rotation out of growth stocks (Jul-Oct), several of my holdings continued to consolidate and didn't participate in last...
Following the brutal rotation out of growth stocks (Jul-Oct), several of my holdings continued to consolidate and didn't participate in last...
3)...month's festivities.
It is notable that the SaaS space remains out of favour right now and $AYX $DOCU $ESTC $TWLO $WORK $ZS have been treading water for several weeks. Furthermore, some of my other stocks ( $AMZN $PINS $MELI $PYPL $SQ $STNE $TCEHY ) are also well below...
It is notable that the SaaS space remains out of favour right now and $AYX $DOCU $ESTC $TWLO $WORK $ZS have been treading water for several weeks. Furthermore, some of my other stocks ( $AMZN $PINS $MELI $PYPL $SQ $STNE $TCEHY ) are also well below...
4)...their all-time highs.
At this stage, I have no idea when these companies will get investors' attention again, but there is no doubt in my mind that they'll recover.
Here are my 3 biggest positions - $LK $BABA $SE
Looking back at the year, after a...
At this stage, I have no idea when these companies will get investors' attention again, but there is no doubt in my mind that they'll recover.
Here are my 3 biggest positions - $LK $BABA $SE
Looking back at the year, after a...
5)...very strong first half, my portfolio got crushed in the autumn growth land carnage! Furthermore, the selling pressure on Chinese stocks didn't help my cause either.
More importantly, I made some really dumb decisions by investing in a couple of hyper-growth companies...
More importantly, I made some really dumb decisions by investing in a couple of hyper-growth companies...
6)...and paid dearly for those mistakes.
There is no doubt my portfolio's return was sub-par/poor/disappointing in 2019 and looking back, the last time I underperformed the indices by such a wide margin was in the 2008 crisis.
In summary, I feel like I own shares in some...
There is no doubt my portfolio's return was sub-par/poor/disappointing in 2019 and looking back, the last time I underperformed the indices by such a wide margin was in the 2008 crisis.
In summary, I feel like I own shares in some...
7)...truly outstanding companies and over time, their market caps should increase along with their business fundamentals.
I'm aware that a combination of adverse circumstances and some dumb decisions brought about my dismal performance last year and I'm looking forward to 2020!
I'm aware that a combination of adverse circumstances and some dumb decisions brought about my dismal performance last year and I'm looking forward to 2020!
