Newbie's Blog: Final Days of 2023

If you are still on the investing journey, like me, I think many of you should be planning ahead or maintaining (if it has worked) for the upcoming year.

No doubt, like me as well, we will be asking whether the year ahead will be different, having pivoted from a year of rate hikes to one of rate cuts. Perhaps you could be restrategizing your resources with the lower interest rates, just like many companies probably are. Previously, companies, especially tech ones like Alphabet, $Tesla Motors(TSLA)$  and $Grab Holdings(GRAB)$  , as well as many others had to put aside resources and money to pay for higher interest.  

But with this turn by the Fed, it is perhaps an opportunity in 2024 to rev up the engines and focus on growth. I have long espoused holding on to the stocks of good companies and disregard short term one off events (I.e. earnings reports, rate hike announcements by the Fed). However, what's different this time is that this year could prove pivotal in helping a company grow much faster.

One stock which I have been patiently waiting to grow bigger is $Grab Holdings(GRAB)$  . While having broken this year, I am waiting for it to turn profitable. In addition, I am also hoping for significant returns by Grabin its banking sector. Despite notable competition from GoJek (in terms of private hire) and Trust (in terms of digital banking), I believe Grab has the chance to expand since it is already a mainstay means of transport. Despite losing the chance to acquire Prime Taxis in Singapore, the potential to grow is ever-present.

Thus, I will be monitoring Grab's profit and operational costs. More importantly, I must "grab" Grab at the right price. Currently, I find its price volatile but these are market forces at play and does not have a direct relationship with the state of the company.

Indeed, 2024 will be a very exciting year. With carefully planning and control of one's emotions (in fact, emotions should never play a role), one should be able to have a profitable 2024!

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