To The Moon

Reviewing year 2023!

In year 2022, it seems like the dip in share price has no ending. Every time when u thought u bought near the bottom, there will be false rallies and the price would eventually continue to make lower lows. Hence, I did not accumulate much in the beginning of year 2023 due to "negative experience" as I wanted to keep more "ammo" in case the price dips more. Looking back, it's probably good to just accumulate more when the price gets lower. 

As the market started to rally higher, I took a decisive step to accumulate more whenever there's a dip. This turned out to be a better move, nothing beats buying at a steep discount right? Since then, I'll diligently accumulate more stocks only when the market is in an extreme state of fear. Personally, I feel that this is a simple and good investing strategy.

1. Convert more SGD to USD when the rate is good. SGD is currently strengthening against USD, it's good to accumulate more USD when S$1 gives you more than US$0.76. 

2. Earn 5+% interest on my spare USD, while waiting for the market to reach an extreme state of fear

3. Buy more at a lower price is better than buying at a normal price. Do you agree with me? 

For me, I'm generally taking a buy and hold approach. Hence, I don't realize any gains or loss. Some people may ask why don't I take profit? It's because I'm mostly wrong when I tried to time the market and I strongly believe that the stock price will go even higher over time, hence there's no need to worry about the short-term fluctuations.  

Similarly, I believe it's hard to predict the market direction for year 2024. I would still follow my 3-steps strategy: 

1. Minimize currency risk by converting more USD when it's cheap. 

2. Don't just DCA blindly if you have the time to monitor daily. Instead of doing passive investment, why not buy more when there's fear in the market?

3. Do your research in advance to create a BUY list with your target entry price, follow the latest news on Tiger and make decisive move when there's a huge drop in share price for promising companies - eg. my recent move in $BILL HOLDINGS INC(BILL)$ . Most of the drastic drop occurs during pre-market and you have a few hours to do your quick research before the market opens and make a decisive move! Be it to cut loss or accumulate more.

I hope my strategy would be useful for most of you.  Lastly, I would like to wish all the Tiger admins, my Tiger brothers and sisters a prosperous year 2024! Let's make more money together!

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