Bf Gf Portfolio Update (Jan 2018)

Monopoly-Mantakethemoney&run

Oh, how time flies!

Just want to share some progress in my portfolio:

bfgf portfolio update

What went wrong

  1. GoPro – still screwing up their own show.  They recently pulled out of the drone market.  How could a bunch of surfer dudes beat the Chinese at DJI?
  2. Sierra Wireless – I honestly lost track of what the company is up to. But looking at the losses, I don’t think there’s much progress in their business.
  3. Trip Advisor –  What a letdown!  Strong brand, strong moat, but they are caught in a love/hate relationship with Priceline and Expedia.  Oh well, it was worth a bet.
  4. Gilead Science – Big pharma.  Big disappointment.  Luckily my allocation to this stock is negligible.  Was a good bet though.
  5. Criteo – Knew it was going to be a volatile ride from the start. Small allocation as well.
  6. QAF –  Another disappointment.  Was hoping to get a payout from their listing of their Riverlea pork business on the ASX.  Now I will just hold and wait for someone to buy them out. Yawn…..

 

What went right

  1. MasterCard – This is one of my super high conviction stocks. Really happy to see it rise past 100% returns.
  2. Paypal – The valuations were steep when I bought it.  However, the competition in the digital payments industry is heating up.  I am satisfied with my allocation in them.
  3. Berkshire Hathaway –  Nothing fancy.  Just letting the best investor in the world manage my money.
  4. Alphabet (Google) –  Glad to snag up some Google shares during Brexit.  Looking forward to see how their AI ventures turn out in the future.
  5. Amazon – Relentless.  Ecommerce and cloud and now … cashier-less supermarkets.  Their advertising business is also ramping up.  Also competing with Google in voice search.  Jeff Bezos, what a man!
  6. Facebook –  Facebook has returned more than 100% on my first purchase.  I’ve been buying it all the way up.  I personally think that they are still a bit undervalued.  (They still have not monetised Whatsapp!)
  7. Kweichow Moutai – Chinese like to drink baijiu.  Scarcity sells.  Pricing power.  ( Okay, I am honestly just speculating on this stock…)
  8. Tencent Holdings – One of my highest conviction stocks.  I bought large chunks of it around PE 40 -50.  More than a 100% ROI even though I bought it 2 times on the way up.

Really happy to lose my 100% ROI virginity… 4 times (including Facebook).  Diversifying out of Singapore stocks was really a good decision.

 

What’s next?

 

  • I probably won’t be selling any of my losers this year.  Will be monitoring them till next year.
  • Have been investing really conservatively after Howard Mark’s warning to erring on the side of caution.  Although I’m still buying shares every month, my cash to stocks ratio is split about 50/50.
  • Will be looking to build concentration on my winners.
  • Will be looking out for ‘rocket ships’.  I have plans to hit a 10 bagger in my lifetime!
  • Will be looking for more opportunities to buy Berkshire Hathaway shares.  Plan to increase its allocation to 15% at least.

 

Final Thoughts

 

I have been too busy to blog in the last 2 years.  In fact, coming back to write feels very nostalgic.  I get bittersweet memories when I read each post.

When we started the blog, our finances were really weak.

In fact, the massive business failure I suffered in 2015 is still fresh in my head.  Reading that post “Farewell 2015, Hits and Misses“, kinda brings a tear to my eye.  Not only did my finances took a hit, my health suffered from all the stress and grind that year.

Looking back, I probably wrote that post to console myself that everything will be fine.

In fact, things became better than fine.

Sometimes I have to pinch myself to see if this is a dream.

I log in to my email and saw some sob stories of readers going through tough times.

I can’t go around giving financial advice. But here’s what worked for me:

  1. Wake up and count your blessings.
  2. Learn from your mistakes.
  3. Try again and again and again.

You will get lucky from making good decisions and staying in the game long enough.

Thank you for reading!

All the best!

2 Comments

  1. My Sweet Retirement

    Glad to see you back blogging your first post for 2018!

    Reply
    1. Jerry (Post author)

      Hi SR,
      Hope everything’s fine on your end 🙂

      Reply

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