Goodbye 2020

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.

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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。)