Random thoughts: A School Holiday Break

The weird insights of my break from work

1) Misses work for the first week of break, but apprehensive about restarting work in the third week.

2) Watch and then finished reading "Demon Slayers". The Anime Art blow my mind, but what really sticks is the line "there is no heaven or hell, that is a concept imagined by weaklings who cannot do anything about their sufferings"

I agreed with it. Althought it is words uttered by demon, we should live out lives to the fullest or to the way we wanted, there is no need to hope for heaven or wish the hell for others. 

3) Reading Dalio "Changing World Order" and Grayting "history of philosophy"

The mind is the most beautiful and effective when combined with the most powerful computer or the most trialling circumstances. 

Live the experiences, and let them become tools of enlightenment and research

4) Simplicity is enjoyed by kids too.

We planned a camping or rather Glaming trip for our son and nieces and relative kids 

We planned bowling, aracde trip, BBQ, jumpolin etc, surprise and surprise. Most of them said they enjoyed the BBQ of Masmalo most, and second the visit to turtle muesem at ORTO.

I shall start work again tomorrow. Looking forward to it. 

Random venting: A weirdo emotions

Warning: Low energy post

I think I am a weirdo.

In the past few months, I have been bombarded with 1 bad news after another.

My good friend going thro divorce, another friend's mum is down with cancer and another passed away. 

In my area of work, a parent complained that I picked on her son. I misplaced a rather important document at work. 

Yet, while these incidents cause some disturbances, I got through them within minutes, made a decision on what I should do, and execute them.

My superior told me my performance might be affected due to the loss of the item. It didn't really bother me, I simply went on to discuss with my bosses and proceed with the actions to bring damage to a minimal.

I was rather "happy" with my zen, and how the many setbacks didn't seem to affect me much. The market pullback didn't even make the list of what bothers me. 

But when the team that I have been coaching and working with lost a match, I was very upset. I feel they lost to their fear and were not playing to their potential. 

In the third and fourth placing match, I told them to play to their best and the placing doesn't matter anymore. They played even worse.

I was quite taken a back by how strongly I feel about the whole incident. The night the team lost the semi-finals, I can't fall asleep and I feel tightness in my chest. The next morning, I did an punishing exercise routine to sweat it out and vent. It works only for a while. 

It's the first day of the holiday, and I still feeling rather moody, the last time I remember experience such intense unhappiness is during the caregiving and later, the passing on of my parents. 

As I lie on bed, I realise I experiencing some "separation anxiety" too. Every year, during my pupils graduation, I would feel it for a week or 2. 

I think I am weird. When my superior told me I might get a much lower performance bonus, I was just upset for like ? 10 min? 

I think I am super emo. So like instead of experiencing separation anxiety once a week, I will experience it twice a year, at the end of the NSG. 

Random thoughts: Energy vampires

I feel drained when I hear the following:

1) Petrol pump is up, everything is going up, and there is going to be GST, the ......

2) Why is there an price difference between Grab food platform and the price of food from food court? Let's order something else ... ...

3) Why is the country opening up? There are still so many cases, they dun care anymore... ...

It is not the content, but the lack of perspective and drama that I hate. I can understand it when a PVH laments about the cost of petrol eating into margins and profits.

Yet, we are safe and sound in Singapore, while Ukraine is being bombed, and car owners who still have their jobs keeping talking about rise in cost, it smacks of lack of thankfulness.

I am glad that Covid, Ukraine's war, and inflation is affecting my life only in terms of dollars and cents and I am very thankful that I can manage, and still get on with life. 

While I have many unhappiness regarding how Covid is managed in Singapore, I think there are many loopholes and flaws in Singapore, but I nonetheless is grateful that we are in no shortage of Vaccines, and our hospitals are not overwhelmed. 

U can disagree with the way things are, I express your opinions, that doesn't make u or me a energy vampires. But if you just like to complain and dramatized the many little inconveniences, I wonder how can we experience happiness and peace. 

Dun be energy vampires.  If we cannot spread positivity, at least keep the negative Energy to ourselves.

Random thoughts: Alibaba and JD

 I think Alibaba brought a lot of grief to people. 

From what I read in the blogger sphere, it seems many people "regret" boarding the bandwagon. 

As a silly investor, I would like to give my silly take. 

As Alibaba went south, I followed my rules of engagement of accumulating when price show 20-25% weakness. When it is my third or fourth Tranche, I look for 30-35% correction. 

Mathematically, the third or fourth tranche will be less than 50% of your last purchase price.

The caveat is the accumulation cannot Exceed 5% of my overall portfolio, and my portfolio, I included my cash that are set aside for investment. 

I believe Alibaba cloud business will turn in profits, and its e-commerce still has a moat. I also believe/ hope that regulations will come to an end, and release the pressures on these companies. 

My average price is 146 and I am 30% into the red. I missed the lowest price and my last entry is 96, which is just slightly higher than what the market offers now. At its worst, I am down by more than 40%. 

I do not think I will accumulate further although I still have leeway and room before the 5% ceiling is hit. 

The same can be said of JD, although I waited longer before accumulating because JD results is worse than I expected, (turning in a loss).

I think I am humbled by the HK market, as I am a newbie in it. I didn't experience multiple days of more than 20% swing in price per day with STI. 

My holding of HK counters increased significantly when HK hit bear market, alas, I was 2 days too early, or I would be already be sitting on good paper gains. 

Yet, I reminded myself that my goal is not about bragging rights, but to build a portfolio that is less fragile to shocks, and one of the way to build such a portfolio is to do bear hunting. 

I bought:

1China Shineway Pharmaceutical Group Ltd. 

2Stella, 

3Ping An, 

4ICBC, 

and accumulate JD and Alibaba. 

The point I want to make is this, we can never predict the market, and we will likely learn new lessons from Mr Market, but it is of utmost importance to have a plan or strategy and stick to it. Gather data as you execute the plan, and refine it. 

If we start throwing out our whole blueprint every time the market move against us, and hope to get a new sure-win plan, we are asking for trouble. We should be more concerned about our portfolio, than individual counters. What is the cash flow generating from that portfolio, and is there any buffer to withstand a correction? My last count, my yield of portfolio is 3-4% only, but it is a portfolio that allowed me to sleep well during turbulent times and is better than CPF, OA, without lock-in period.

I hope to be able to improve either the yield or the MOS of my portfolio. Since I am still building up my portfolio size, I am definitely BUYING more than SELLING. The only stock I sold in the last month is DBS, but I agree with SMOL that I can do better at SELLING, since I am too fixated on buying. It is one area that I think I can improves on, but SELLING and PANIC SELLING are 2 totally different matter

I am more a turnaround investor, so my style suit me alone. I am not peddling my way, but encouraging whoever is sitting on Alibaba paper loss, that well, you have a silly companion who is not just silly but also stubborn. 

Random thoughts: Steady portfolio in chaotic times.

My portfolio is 10 percent in the green, but I have several misadventures, with counters down by 50 percent or more, such as TianNeng Power international, and several others such as Alibaba 9988

The portfolio is actually not at it lowest, for the past 1 year, despite the HK tech meltdown, Russia War, and inflation fears.

Looking back, the last 6 months provide several reflective points, which I will pen down 

1) Portfolio should include both realised and unrealised profits and also cash.

I used to ignore unrealised profits or loss in looking at my portfolio, and realised how foolish I have been. Several counters that I bought for a trading gains, like Geely, Alibaba, JD has gone from a profits to loss. Geely especially, has met target of 50 percent gains, and yet, I didn't do anything. 

2) Thematic reallocation of portfolio.

When inflation is the scare, I pick up Olam, a commodity player. Commodity plays tend to do well in inflationary environment, and so far it worked well.

Reopening theme plays have not turn out too well. 

But restructuring plays like Capitaland to capital investment, sembcorp Demerger, and Keppel vision 2030 restructuring all turn out relatively well. 

Diversified portfolio need various themes, and I will continue to explore this, together with geographic diversification. I recently re-enter US tech stocks again.

3) Dumb luck.

ST ENGINEERING and BAE are bought, for their cash flow and defensive business. When war broke out, both perform well, although I rather there is no war. I hope war ends quickly and won't not mind the 2 counters knee jerk corrections.

4) Averaging down is a double edge sword.

1 counter, TianNeng Power, has been average down thrice. Hitting for ceiling/ threshold of 5 percent and singlehandedly pull the whole HK portfolio into RED. 

I think I might need some review of Av. Down rules again. 

Of course, there are cases of Averaging down working well, like For Olam, etc.

5) Accumulate up will work too. 

I did that for Hotung, YZJ, Comfort Delgo when I predicted that earning will improve, and pushing up dividends. It works well for all except Comfort Delgo. 

The idea of earning projections and expansion is important in our decision making process. Don't just buy low price, buy when there is low expectations, and earnings can beat those expectations.

6) Diversification gives me a good night sleep.

Non of my counters are above 5 percent of my total portfolio values. In fact, I have more counters in the 2- 3 percent range than 5 percent range. My portfolio value moves up and down like a snail. 

I guess is nothing exciting. But since most of the counters gave a dividend, as long as the portfolio stays above water, I will just milk the dividends and occasional opportunitsic trades.

7) Entry point is everything..Almost.

I created the bulk of my portfolio during the Covid onset scare, when STI is around 2700. 

Yup, I went in early. It bottoms around 2300. 

But it is still a reasonable entry points for most counters. 

随心笔：规则

 规则是路标，也是枷锁。

不知道往哪走的人，

规则，让我们有方向感。

想探险的人，或像走自己路的人，

勇敢地往前走吧。

或许，没人走过的路，有点危险。

或许，会受伤，会不舒服。

但是，走自己的路，就是一个福气。

走在康庄大道的人，

要注意规则，

有方向，有时速。

因为每个人都在道上，

如果没有规则，会混乱。

这条路走不完，

不要把规则，当成路。

Random thoughts: I didn't get what I want... ...

 It might not be a bad thing.

Strange. 

I bought 2 poles (those for clothes drying), to be used as stands for a DIY volleyball net. 

However, my son and I break 2 of these stands/ poles in recent weeks as our spike hit the string too hard.

When I went to those "mama" neighborhood shops to get replacement again, I could not find those extendable poles anymore. So, I settle for the bathroom shower curtain poles that cost twice as much. 

I didn't really wanted to wait and shop around anymore as I was really busy and we have already arranged to play volleyball 2 days later.

When I set up the net, I realized the shower poles are made of solid metals and despite us "accidently" hitting the net strongly a few times again, it did not break. 

A good thing happen.

... ...

In my investing journey, I have wanted to FIRE at age 40-45.

I didn't get what I wanted. 

I wanted to have early retirement.

I realized the numbers didn't add up.

I hope to have a retirement that does not become a burden to others. So far, this last wish might still be possible, because if I am healthy, I hope to work as long as I can, as long as I can still contributed in my work.

However, Investing changed my perspectives on many things. I get exposed to ideas of behaviorism and biases, and applying the rules of investing are like training my temperaments, learning how to cope with fear and greed. 

If you ask me, if at the end of the day, if my net net gains in investing is a net zero, I would still say it is a wonderful journey.

... ...

In my work, I have wanted to climb the coporate ladder.

When I took a back seat, I have to cope with some inner demons and ego issues.

There were quite a few occasions I felt "useless" and blame myself for throwing in the towel. 

Now, I am having hell of a time. Every morning, I played volleyball, or rather coach it to pupils with passion and hunger to win. While I am mindful that my secondary school way of training is outdated, with hard drills and a lot of yelling, I sometimes cannot help myself. But the players still come for these "optional" and "extra" trainings, and sometimes when I got ready at 6.40 a.m. Some of them are already waiting for me.

Many chastise me for being "glory" or "Results" hungry, I think they missed the point, and it is sad coming from a PE middle manager. It is not about being the champion, it is the hunger for improvement and success that perks me up, and I look forward to those sessions everyday. 

I also have plenty of time free up to make lesson interesting for my pupils, even those not in my school

I arrange for a role-playings during lessons, and pupils actually "cook" in class. One of my pupil had to miss my lesson to go see the dental, and he shouted:" Again?" That he wanted so much to stay in my class to carry out the activities I planned really made my day. 

I also create escape room games for my pupils and organized a nation-wide competition just for Foundation Stream pupils, which I believed is the first such national competition for "weak" pupils. Last year, a few teachers text me after the event, and thanks me for organizing such a event for this group of pupils, who do not have much self-confidence. Although there were some glitches last year, and this year, less schools participated, I am still happy that I now work to fulfill my own vision of what education should be. 

......

Sorry that this post sound like self-trumpeting in the end. Perhaps it is those self-encouraging posts.