I added Semb Corp to my portfolio in late Jul. I also added CNOOC in Aug. Now, combined with my existing NOL, Semb Corp and CNOOC have driven my protfolio far below my wildest imagination. I am very negative for 2010. This is my first crisis ever since my steady perfomance from second half 2010. How did I let it happen?
1. I did not pay attention to the technicals
2. I over-indulged in bullish analyst reports
3. I over-indulged in feng shui
4. I over-indulged in the positive effects of QE3.
5. I thought I would never lose with buy blue chips and hold.
Do I cut loss now? As I have maintained, it is too late now. I can only get out at the next bull run, say one, two or even three years from now, or the next rebound, which hopefully occurs soon so as to release some of my funds.
Other than that, I am actually pretty excited as stock prices get cheaper everyday, as it means I can add more stocks at the prices I could only salivate over just a couple of months ago. Will slowly accumulate as the bear market progresses.
My 2010 Performance(unrealised): -50%
No comments:
Post a Comment