Friday, January 1, 2016

2015 Review

2015 just flew by. I do not have much to review because I only started most of my investing in the second half of the year.

I have been working in a brokerage firm before June 2015 and we hv very strict procedures to trade the shares. Therefore, I was not active.. on top of that, I hv wiped out my savings for my house renovation. Everything from emergency cash, savings and investment starts from scratch.

My first major trade is a downfall.. entering Sembcorp Marine at 3.04. That began the major hole in my investment portfolio. Subsequent STI ETF positions, Suntec REIT, Mapletree Ind Trust, didn't hurt me that badly when the whole market is going down.. but Sembcorp Marine did tear my underwear a big hole from behind.

I need to maintain my discipline in focusing on index investing, but I am always tempted to meddle with many individual counters, especially when Standard Chartered Online Equities platform offers such an attractive fees - no minimum brokerage. Partly, I find that STI itself does not covers Healthcare, Technology industries. Nevertheless, I am always in for the long term.

I hv also started following a couple of local investors and traders blog in 2015. I like popular bloggers who take the time to reply every comment in their blog post, they are humble and respect their readers. They inspire me a lot. My goal in life, is to achieve financial freedom.

What is your definition of financial freedom?

To me, I dont hv to be super rich, with savings that will not deplete. Rather, I am aiming to achieve passive income that is able to match my monthly expenses. That way, I do not hv to worry job loss, and I can even give my wife the freedom to be a full time housewife.

And how can I achieve that? High dividend shares? Dividend warrior, at my age, achieve about 2k monthly dividends with almost 300k value of shares. I am a peasant income earner for my age, I am not sure how long I will take to achieve this goal.

Anyway, 2016 will be a year I should complete my emergency cash portion and start building up my warchest. My overseas index r greatly under-proportion, therefore I will continue balancing my portfolio.

Have a great year!

1 comment:

  1. Hi there, Great blog you have there, really. I learned so much from your posts already so please juse keep up the good work! :)