My wife portfolio is 100% built upon my advice. Since she knows nuts about investing.
My thoughts then is she should just buy and hold and not get worried about the movement in markets. She should also take less risk than me.
For fun sake, I tabulate her returns for these 2 years, her CARG returns is 15%! Wow, much better than my active prospecting process! LOL.
There are two reasons.
1) when I feel that a company is fairly to undervalued, I will buy. And if it goes further below my purchase price, then I ask her to buy some.
2) while I do "switching", meaning selling stock that I believed has reached full value to buy cheaper alternatives, I never ask her to sell unless I think it is "super profits", or I think something fundementally has changed so badly that she need to get out!
3) I ask her to take her 50% profits ( buying at $1.09 selling at $1.36 and they buying at $1.25 and selling at can't remember is $1.6 ir $1.65) on singpost on the EVE of alibaba announcement!!!! It would be a super duper investment and her portfolio would be even better had I not ask her to sell. And the irony is, I feel Singpost 5% dividend is not attractive enough for myself.
Maybe I should become my wife in my investment journey? LOL
The only lemon I ask her to get is SIA, but even that she is sitting on 3% capital gain without taking into considerations dividends!!
If only I have my own such "enviable track records". Maybe I should start a new series of post: my advice for my wife. LOL. She even managed to get sembcorp at recent bottom... She must be the lucky star.
SMOL, if u are reading this, I bet you will say:" see, planning and targets!! LOL"
Just doing imaginative dialogue! No offense