To The Moon

🌈🌈🌈2022 was a year that will forever be etched in my mind as one of the worst in my investing experience.  Nonetheless there are valuable lessons to be learnt from it.

The 3 Warnings To Remind Myself In Investing in 2023 are as follows :

1.  Never Buy Shares Because of The Market Hype.  I learnt a valuable lesson when I invested in $DiDi Global Inc.(DIDIY)$  during its IPO and held it to the bitter end when it was delisted.   There was much hype and interest when it was first launched but in the end, DiDi disappointed its shareholders when it opted to delist. An IPO stock also does not have a good track record of its performance too. 

2.  Never ignore a stock fundamentals when  buying.  I will ask myself these important questions - Is it profitable? Does it have a rock solid Balance sheet with good free cash flow? Does it have a wide moat?  Is the management competent and has the interests of the shareholders at heart?

So if the stock does not tick the core fundamentals, I will not invest in it no matter how rosy a picture the management painted. 

3.  Never sell my investments in a panic.  Instead I should examine the reasons why I invest in them in the first instance.  Controlling emotions such as Fear is an important goal to achieve as irrational actions can be taken when it is driven by Fear.

From now on, I will think about my  investments with a long term horizon as Time is my friend and allow the magic of compounding to happen.  

Will 2023 be a better year than 2022?  Absolutely!  I am optimistic and filled with hope for the future.  After all I am the Producer, Director and Actor in the unfolding story of my life.  I will seek every opportunity to harness my inner strength and build a portfolio that will withstand the test of time. 🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰🍀🍀🍀

@MillionaireTiger  @TigerStars  @CaptainTiger  @Tiger_chat