Have been wanting to document my Investment Journey in a Blog to both remind myself of the lessons I have made, as well as the accomplishments (i hope) that I have achieved in my life.
Finally took the first step today!! :-)
Well, since my university days in 2004, I wondered why so many people in their 30s and 40s generally spend such long hours at work, to the extent of neglecting their family, while complaining about being stuck in jobs they hate.
I made a decision that I do not want to be like them at their age.
Alot of my observations over the years led me to conclude that if one has sustainable income to support their basic lifestyle, they would have more time to think about creative ideas to make a difference in the lives of the people around them, making our country a more harmonious and constructive place worth living.
One of the methods to get there I believe was to achieve proficiency in Stock Market investing.
Hence, in my early years, I read many books and attended seminars regarding Value Investing.
Most importantly, I took the plunge and started trading in the Singapore Stock Exchange.
Can still recall some stocks I traded in those days have become 10-, 20-baggers today whereas many got delisted because of company fiascos, privatisations, etc. Retrospectively, several lessons were learned. I got my fair shares of profits which made me feel "invincible", but also my fair share of losses that humbled me and brought me down to earth.
Since 2004, I grew my $20k capital to $300k (mkt value) today.
Today, my investment philosophy is long only, preferring to hold companies for years.
I will sell them only in 3 scenarios:
a) Times of irrational exuberance
b) There is a more compelling investment
c) The company's fundamentals deteriorate irreversibly
My strategy ultimately gears towards purchasing good quality companies' stocks that give sustainable dividends (5% to 8%).
I shall begin this first post by sharing my stock portfolio as well as my annual dividend income in 2011.
Frasers Centrepoint Trust (retail malls in SG)
Mapletree Commercial Trust (commercial/retail malls in SG)
Stamford Land (australian hospitality assets)
United Engineers (ppty developer/engineering/hospitality in SG)
Wing Tai (high end ppty developer/retail business)
Annual dividend 2011: S$16,000
Going forward, I will periodically do writeups on these individual companies, and share my views on the individual companies' prospects.
Your comments and views are greatly appreciated!
Hope I can find more bloggers/investors of similar mindsets through this avenue. :-)