As the world comes into a standstill with this COVID 19 situation, the stock market tanked.
This posed an opportunity for some who believe to buy big during the big correction.
As for me, I am on the cautious side and did not manage to catch the stocks at the bottom.
Firstly I am almost 90% invested during the crisis and have limited war chest to employ.
I also didn't believe to sell into a loss while holding quality stocks while the market tanked and at the worst period, my portfolio was down by more than 30% (Time-weighted return 2019 vs 2020).
Now that the market went up my portfolio went from red into the green.
So the quote of saying invest with a long time horizon and ignore the noise holds some truth. If I had been fearful and sold it would have been a big loss.
It appears that with the unlimited QE from the US markets, stocks are suddenly rallying into the sky and many missed opportunities. However, the virus is still there, and with the high unemployment rate and bad business sentiments on the ground, I will still be very cautious.
I believe to do nothing to my portfolio at this moment and take a wait and see approach since prices have risen almost to pre COVID level.
The only stock that I am excited about is Accordia which is my biggest stake. I had added a lot more to it at pre COVID price on the news that it will be brought over however it has been taking too long.
It seems that June 20 will be the news update and when it comes i will provide an update :)
Here's my portfolio of companies that I am holding on currently amidst this COVID situation.
The returns of my Portfolio vs the ES3 since 2015
Time weighted returns over the 5 years vs the STI performance.
No comments:
Post a Comment