It's been a great year sharing on the Tiger community on investing ideas and strategies. I started this year, and my first stock I bought was Apple ($Apple(AAPL)$ ), and without considering stock charts,support levels, PE ratio, I just bought 20 shares close to $160 price point. Because I like their products, and was convinced that they command a premium etc. I actually bought a new iPad Air this year during Black Friday sales on Shopee! (But will never invest in Sea $Sea Ltd(SE)$ ...)
As things went by, I researched into what intrinsic values were, which companies have strong wide economic moats, which companies arein competitive industries, etc Tesla. But by then I had acquired 5 shares at average price of $750 each, pre split. There were theories of why Tesla is not a good stock to buy, despite stories of investors who believe that eventually it would go to the moon.
Some of the sites I eventually picked up paid subscriptions were Morningstar and Seeking Alpha. Morningstar has good stock analysis for most commonly traded stocks, and it even hasa few Singapore stocks covered. As for Seeking Alpha, Tiger does share some articles fromthere, but I found there were charting tools foetc which helped me to further analyse the stocks I was researching. Other sites I use include Trading View and Investopedia stock simulator.
Well eventually I did trim some of the stocks of Apple & Tesla, took off some profits off the table in mid August. The current portfolio is down by about 15% in terms of unrealised losses, and has stocks that I have strong convinctuon including Apple, Microsoft (Largest of the portfolio at 20%), Amazon, Alphabet, Disney, and Adobe. Stocks that I have with lower % which are speculative growth include Tesla, Roblox, CrowdStrike and Palantir, plus recently added Nio. Lastly I have 2 stocks which are really poor performers, Salesforce and Meta. Salesforce is the biggest in terms of revenue market share in the CRM software provider, they have been acquiring companies over the past few years, however the current macroeconomic conditions have really dragged down this stock. Meta, in which almost everyoneuses Facebook, Instagram and WhatsApp, have been affected by reduction in advertising spend, plus having a boss who is a firm believer in the Metaverse.I do not expect Salesforce and Metaverse to recover until past 2024 at least.
As for 2023, I hope to learn how to use options to hedge my portfolio, as my current strategy only involves taking long positions. Shorting stocks is too risky for me.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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