Newbie's Blog (Dec 2023): Growing plants

Hi friends, it's been a while since I've written. I apologise for not doing so. 

Anyway, just to update all on what I've been up to. I'm still actively in the stock market and by active, I mean I still monitor the market almost daily. Why? I've since come to learn to weave investing as a normal part of my life.

However, it does not mean I have to keep buying stocks everytime there is a "cause". By causes, I mean events like Fed announcements, rate cuts, wars, etc. I am of the opinion that investment is like growing a plant. You just need to hold on and water it each day. You don't water plants only because the weather gets hotter do you? Additionally, I feel that investing should be as worry free as possible. This means only invest what you can afford to lose or to an amount that you can afford not to keep worrying about. Otherwise, you will not be able to "let it grow".

Investments, by definition (or what I define), requires time to grow. It requires effort to let it grow. I feel that anything otherwise, is considered gambling. These "plants" or companies take time. With this perspective, one cannot afford to panic each time there is an interest rate cut or rise. In the long term, we would want a plant that is sustainable and can weather storms. Otherwise, why else would you invest in it?

That being said, choosing a good company is important. I do understand that there are beliefs that this is difficult and seasoned investors would rather invest in indexes. However, I feel like I should try for personal learning.

In terms of my portfolio, I am on to $Grab Holdings(GRAB)$  , $Tesla Motors(TSLA)$  and $BYD Co., Ltd.(BYDDY)$ . I tend to be EV heavy, dabbling into other smaller EV companies as well because I feel that that will be the next area of growth. Will it be now? Nope, as ICE cars are still popular but I want to hold on before the next boom comes along. Countries have pledged to do away with ICE cars and i hope to be ready to ride on thisnwave. This means putting aside "less important" monies to park it in for the long run, with more specific planning of the amount to parkaside. I'm also less reactive, because my perspective lies in the long term. Each of my investments require not only money, but time and patience.

Is this a culmination of what I've learnt to date on investing? Well, it is, but of course, whether I'm right will take time to see. Like they say, the best time to grow a tree was yesterday, the next best time is...

@TigerStars  @Daily_Discussion