Entire Y2020 is an eventful year. Many things happened in my personal live. Just to focus on asset/investment topic in this blog:
- Return: -$11669.30 in CDP
- Return: $13576.67 in FSM
(for liquidated counters, taking the year end closing price as benchmark vs my selling price to calculate P&L)
The negative return in CDP are results of deep drop of stock market in March, due mainly to the fear caused by out-of-control-situation pandemic, and I wrongly liquidated some of my positions in Singapore market when market went down.
Here is the list of counters with transaction activities in Y2020.
Poor performance is also due to my missing of capturing the following rebound opportunities(in chronological order):
- Sheng Siong
- S-Reits
- iFAST
By year end, I closed all my positions in CDP, and moved partially my counters to FSM platform, but my position in SGP market on FSM platform is very much trimmed.
If I were to close all my positions in FSM today at the previous closing price. XIRR of my return, from end of Y2015, would be 3.82%, probably cannot even beat inflation rate.
With a large amount of cash at hand during mid of Y2020, I placed down payment for a condo unit in D9. This is a project I had been negotiating with developer since Oct 2019, developer didn't accept my offer till Feb 2020, then COVID19, the project (or rather entire SGP property market) wasn't moving for a few months during the total lock-down period then. Finally, I got the unit, with a much reduced price tag. That's the happiest moment, finally "我终于上车了".
To have a large commitment in property, it also means my focus will be moving away from stock investment(at least in SGP market) for a period of years.
(香港人为什么管买楼叫「上车」？不上车就永远赶不上，这都是几十年下来几代人的教训和经验。)
