I Will Do It Differently This Time When My $$ Doubles !
There is an English sayings that goes like “'Lightning never strikes twice'.
Its supposed to mean that it's very unlikely something bad or unusual will happen two times in a row.
I really hope that the sayings is false.
This is because I did hit the jackpot of doubling my invested monies during the rolling “good” years of 2020 to 2021; only to “lose” them last year when the market corrected itself many times over.
Convinced that it was only a “folk” saying with no scientific backings, I googled for a reply.
Below was Google search engine findings :
I was certainly thrilled with the outcome. This is because when similar good fortunes cross my path again, I will make sure I will do things differently next time round.
How Different ?
Well, Below Will Be My Cast-In-Stone Plan - Awaiting Execution :
(1) The “Ms Cathie Wood” Recommendations.
Will definitely sell all these “junk” equities purchased under the “spell” of overexposure to Ms Wood.
I supposed the insidious effect of being “pounded” daily by her vlogs about $ARK Innovation ETF(ARKK)$ funds’ list of holding stocks does erodes a person’s critical thinking faculty.
Ok, its my bad too for “believing” and “listening” to her preached.
In fact, would just sell and exit fully, when breakeven is a possibility.
To breakeven on stocks that Ms Wood’s funds have bought into is difficult enough, let alone profit from them. LOL !
(2) All Other Equities
For the rest of my holdings bought overtime after diligent homework, I would :
For each stock, sell enough shares to recoup investment.
The sale proportion (how much) for each stock will vary, depending on the “then” market sentiment.
Remaining holdings will be “pure profits” left to grow organically.
(3) Sales Proceeds.
Bulk of it could be used to (a) “buy the dip” on stock sold previously; at a lower price point (of course!) or (b) invest in other stock/s with potentials [Do the “obvious” objective.]
Make a one-off donation to my charity organisation [Do “good” objective].
Organize a dinner party for my family. It always a joy to my mum when the entire family gathers. [Do “well” objective.]
I really hope in the not too distant future, I would be able to execute all three action plans.
If not :
minimally #1 (so that the tied down resources could be freed for real investment)
partially #2, would be happy too !
#3 would have to be funded out of my own pocket - LOL !
Do you have a plan that is similar to mine ?
If not, do you think of sharing it in the comments section below ?
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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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Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Great ariticle, would you like to share it?
Huat ah