The portfolio increased 22.6% for the year, compared to 24.3%, 20.7%, and 21.3% of the S&P 500, MSCI ACWI and FTSE All World total return (GBP) indices respectively. (“The indices”). Since inception, the portfolio has compounded at a 13.0% rate vs 16.2%, 13.8% and 15% of the indices. From 28 Feb 2018 (when I started… Continue reading 2019 roundup
“For most people, the first $100k is a long slog” – Charlie Munger Portfolio Saving Portfolio The portfolio YTD has returned 20.5% vs 21% achieved by the S&P 500 (GBP). The portfolio saw quite a bit of activities in q2 and 3 as I firm up my conviction on several companies. Private equity I bought… Continue reading 2019 update
As at 16 August 2019 The portfolio is held with Interactive Broker, a very low-cost brokerage platform which charges $1 per trade and offers wide access to international markets and option markets. The remaining of the portfolio is in cash. As of 16 August 2019, cash accounts for c.7% of the portfolio.
My paper record for the first half of 2019 looks poor. For the global portfolio, the paper record falls behind the S&P 500 (GBP, net including dividends) by 5.8% as our top 2 largest holdings underperformed the S&P 500: Alphabet and Berkshire. My thoughts are that owning exceptional companies with awesome return on tangible capital,… Continue reading First half 2019
Some short updates on the Viet and global portfolios Viet portfolio The Viet portfolio represents around 5% of my parents’ net-worth. The portfolio is currently invested in 4 companies: Coteccons – led by Mr Nguyen Ba Duong, it is the largest contractor in Vietnam. It has expertise in projects ranging from residential housing to industrial… Continue reading Updates – May 2019
Another year has gone by… There has been a lot of mental activities, yet not so much portfolio activities. In 2018 both the global and Vietnamese stock markets have gone through a correction following double-digit increases (as high as 53% for the latter) in 2017. Statistically speaking the US stock market, a reasonable proxy to… Continue reading 2018
The followings will be covered in this post: My recent trip to Berkshire Hathaway Annual Meeting 2018 Some words on the saving and investing journey so far Performance Some books and readings in review Berkshire Hathaway Annual Meeting 2018 Around mid- July 2017, I got to meet David whom I have introduced in some of… Continue reading A 5-year look back
Viet Portfolio The Viet portfolio is made up of 5% of my parents and 15% of my brother’s net-worth. Despite having no money of my own in this portfolio, I aim to invest my family’s money exactly the way I would for my own. During Q1 of 2018, the biggest change in the portfolio has… Continue reading Q1 2018 update
Happy Lunar New Year! The 2018 first blog post was delayed due to the unexpectedly busy January and first half of February over in the Vietnamese equities space. Following 2017 massive gain of the VNINDEX, your author grew increasingly paranoid by the high valuation exhibited by top-class Viet companies. He then devoted the entire January… Continue reading News from the frontier…
Warning: It’s going to be a long post! In this blog post I will address the following topics Stock-market valuation assessment Investment results Key lesson learned You will quickly notice that this blog post is VERY wordy. The reason is because I want to be 100% transparent with you on what I think, what my… Continue reading 2017 Investment Results
One idea at a time 