Sunday, January 10, 2010

A new year - 2010

Hi,

I've successful tick of one of my 2010 resolution this year by creating a blog on my investment portfolio. Yahoo.. so happy. Firstly the objective of the blog is to record my investment so that can be used as a study of pattern and lesson learn from past year. It also helps me to keep track of my portfolios.

Looking back, I have started to invest in the market since 2003. I was just casual investor whom held 1 or 2 counters for a long term play back then. In 2006-07 make alot of mistakes buying S-counters. Some have cut loss and some still in the red and so I decided to writeoff them.

2008 was a bad year. Seen my portfolio shrank to 20% of it real outlays. Late 2008 make abig mistake by cutting loss large loss on NOL due to rumour. I managed to recover the 3K loss only by Apr09, in counter like straitsasia & cosco.

Only early last year, I gotten abit serious of investing after reading few great books( Rich Dad, Poor Dad ~ Robet Kiyosaki & The age of turbulence by Alan greenspan). A small but profitable return of 6% was recorded for 2009. However even though profited in revenue pocketted in, but overall holding (include paperloss) still shrank by 35.4%

This year, I have set a target of >10% return of total investment by end 2010. So far, I have not made any txn this year, as I am still doing ICT this 2 week of 2010.

I will try to update at least portfolio twice a year. C ya!

Your humble investor,
ridz :)

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