The real cash account in 2018 was ,, xxx " Then in 2019 it was tripled. In 2020 it was 3x. By the end of 2021 it should be 3x once more. And with a bit of luck, same will happen in 2022. All of this is being manually add from income of daily job. Beyond 2022, ,, 3x " - might get, tough. Maybe by raising capital from family or friends ; will see. Tho recent events made to reconsider the idea of managing others money. ,, 3x " wasn't a clear goal (until now), but somewhat more unconscious/happening by accident & coinsidence (?)
Hmnnn. Fair valuation atm. Might add a bit for a long term given that a ,,core" position is already ,,frozen". Athough it conflicts with that which i wrote few days ago, yet, information changes situation. On the other hand, a crash/correction & one could buy a $ for .5 or even .3 in TAL's case. Was a good lesson noneless. Moved most of the capital from overpriced stuff into things of fair value/one new position.
Today gonna open a new position. From china. Tho this time, thing is undervalued by a factor of 3. Currently got another position in china as well, undervalue by a factor of 4. Gonna increase it a bit. The rest of equities are undervalued by a factor of 2 or stands at a fair value. 70% ~ of exposure is in china. By the end of the year it should be less, where's in 2022 i ,,expect" it to be around 30%. (Unless the swings works faster in my favor) ************************************************* 2 extra weeks at the job. 8 days left. More monies. Faster financial goals. Less time to draw at home. If any. Want to go through small caps under 500M , down to 50M~. To expand the watchlists. Will see. ************************************************ It's bit ,,sad" when a mediocre movie has such a musical piece, but it is what it is. Even made a drawing inspired by it/video game. Random man wrote ,,i would buy it". I asked for an address & shiped it for free as surprise from EU into Oregon i think. 2 yrs later :
Portfolio value down by 27% Emotional response 0% Smiles. Then it turns out that 4 CEOs from different positions are cooking books and emotional response jumps to 50%. Nah. Kidding. Ofc one can see something like that coming up with NKLA etc, but noone is safe from it. Even pro boyz got burned with WCAGY. Just 2 weeks off starting from tommorow & then back to the job. Got few ideas for drawing. Was thinking about this concept of being happy vs being great. Can't be too happy while going for greatness. (Simply being good at something) Got to make sacrafices, while slowly becoming great at something in order to achieve ultimate happiness , which is ever lasting joy. Just thinking out loud. Damn. Had few interesting thoughts about pro boyz/institutionals & forgot. Next time should write them immediately.
Open positions atm. Through good or bad. Might add more, to the current positions. Might stay on the side lines & simply watch. Got to learn just to watch and do nothing. For months. If that's what it takes. Having my own version of adventure. Yes, was thinking the other day : ,,Boy, you're nuts" (Smiles) Updating watchlist. Around 1% of the names were bought out or gone private. Checking on fair valuations vs price, once take overs happened. Also looking at how many companies reached fair valuations during covi crash. So far it looks like around 20% Should do the same with 2008 and 2000's. Tho 2000's were the real nuts. Need to find out is there a dominating sector. (Oil etc. I know. But maybe a surprise ?) But that gives the idea that the market is over priced ~90% of the time. Maybe so called future earnings are calculated/priced in. Don't know. Only time & research will reveal. P.s. Chinese market finally catching with em 2016 levels. At least my portfolio. (since they ,,missed" the boat, while SnP had it)
$***. Don't like the chart at all. (Wayyy too late) But love the balance. Great fundamentals. And undervalued by a factor of two. Like, how is it even possible. US market. Insurance Will add on monday. Not all in tho. Just a chunk of initial position. Hopes that it gets lower. Then will grab some more. If not, then a great pick noneless.
Will add more to a few of undervalued names. Chinese market. Unaudited. But numbers are so good. Maybe too good to be true. Who knows. Time horizon for me is long enough, can take the risk. In the game for another 50 yrs. I hope. But who knows. Maybe will be reading this post, 5 years down the line, from the hospital bed, with the last stage of cancer. Happens. One of the favorite scenes, related to ,,life" : Timestamped
Increased position size by 100% in a undervalued US insurance company. Position now makes up to a 20% of total portfolio. Warren used to go up to a 50% when he was sure that it's a good deal. Had to choose between it and Chinese companies. One factor was the last nail to the coffin, for deciding. Happy with the choice.
,, Let's go Brandon. '' ********************************************************** And yet again, undiscovered but great. Timestamped