Tuesday, March 21, 2017

Why I haven't made any $ in stock market

I have officially started this investing journey in 2012 after I picked up some investing knowledge.  5 years into this journey, after tons of books read, many stocks analysed and endless predication, I am still where I am.  I haven't had a big leap and accelerated towards my goal of having a million in my pocket.  But patience is the essential of this long marathon.  I keep telling myself this is not a sprint where I can make big buck in the shortest time, waiting for the right opportunity is the key.

Why I didn't make it,
1. I have been anticipating all the time.  In way timing the market.  Some people did well because they don't time the market, just buy when the stock come to the right price.  
2. Due to the anticipation, I only enter small amount into each stock.  So even if I am right, it is not going to have big impact to my portfolio.  Example I bought 8 lots Select Group at less than $0.4 and was delisted in 2016 for $0.525.  I picked the right stock but size is too small.
3. I should just focus on 5 to 10 stocks.  Having too many stocks will make one too busy having to keep up with all the financials and monitoring.  
4. I don't have an investing style yet. I have been keep searching for the right style.  Actually too many styles, will make me busy and not focus.  I should from now, do a checklist or template which I will follow.

This is a look back, once a while in life, we must slow down and look at the problem and do fine tuning. Look what haven't worked and refine. 

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