To The Moon

As we reach the year's midpoint, I've transitioned to a more patient investing approach, resisting the urge to react to short-term market fluctuations. Yes, it is boring and is subjected to less change, but it also means lesser losses. I've committed to tuning out the "noise" (hype from the market) and focusing on companies with strong fundamentals and promising futures. One industry I remain optimistic about is electric vehicles (EVs), driven by governments' increasing adoption of pollution taxes and phase-out of internal combustion engines.

My EV-related investments include:

- Tesla (-23%)

- BYD (-2.5%)

- Faraday Future (-90%)

- NIO (-10%)

I acknowledge mistakes in investing in Faraday Future, a meme stock, and buying Tesla at a high price. The lesson learned is the importance of thorough research and understanding a company's sustainability before investing. NIO, in particular, is still working towards achieving profitability.

In growth stocks, I invested in Grab, initially up 10%, but failed to implement a consistent accumulation plan, leading to missed profits. I sold my shares to realize my gains as the stock price declined. My investment in DBS, although slow-moving, yielded a modest 2% profit, which I sold too quickly, worried that its rise from $32 to $33 wouldn't be sustainable. However, it has since maintained its price at around $35 for over a month, proving my concerns wrong.

This recap serves as a reflection of my investing journey, highlighting the importance of patience, research, and a long-term strategy. Moving forward, I aim to continue refining my investment strategy, focusing on more fundamental research of each stock I invest in and resisting the urge to chase short-term gains. By adopting a more patient and disciplined approach, I hope to be more confident in my ability to make more informed investment decisions and achieve long-term success.

P.S. Article has been edited to add my way ahead.

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