Nasty November in the Markets

Hi dear readers,

Hope everyone is doing fine. The year is ending already and hope you have achieved what y’all have set out to do this year. As we all know, this November has been very tough for investors with tech stocks suffering a couple of heavy selloffs. Personally it reminded me a bit of April..so trying to adopt the same approach and mindset which worked well for me then..anyway this is going to be a long post just for me to dump my thoughts so be prepared haha.

With reference to photo 2, you can tell that my portfolio took a big hit of around 23% in ROR in November. At its peak, the YTD return was around 95% which has now dropped to 72%. I am still outperforming the Nasdaq by ~52% but I am kinda disappointed with the overall performance of the portfolio. With the help of the markets during the remaining days of this year, I am hoping to land at a YTD return of 85% which is below my earlier goal of around 100%.

With reference to photos 3 and 4, you will see that my November is the worst month till date for this year and I dare say for the last 3 years. At its lowest during last Friday market open, I was red around 130k for November but it has since reduced due to the recovery in the markets. And I always kena a bad Thursday without fail, each Thursday in November has extracted at least 30k daily from me haha..so I am very thankful the market is closed today due to thanksgiving..

So what did I do? With reference to photos 5 and 6,

1. Bought my Lululemon at 161 to further average it down.

2. Sold off my Apple at 276 to rotate to other tech stocks that have been battered. It’s been a long time since I sold a stock I held but I felt it could do more if I rotated it to other stocks. Time will tell if it was a stupid move or not haha

3. Started to buy meta below 600

4. Started to buy Circle at 83. Was a bit early on this, so now I need to slowly average down to save the position lol

5. Bought some Sofi at 24.5 as I strongly feel and believe it might be the next pltr.

I have been slowly buying as I won’t know when the bottom is so I have to ensure that i still have some dry powder on the side to buy the dip after the dips.

Lastly, with reference to photos 7 and 8, it will show my current holdings and my average prices. Some bright sparks in my portfolio would include the strong performance of Google, the seemingly reversal of Lululemon (finally green) and the purchase of meta at rather attractive prices on hindsight. Overall, the portfolio still couldn’t be saved as the weightage of palantir is too damn heavy in my portfolio haha and it has went down a lot from 207 to 166.

To conclude, I will continue to buy on weakness but I have to space out the purchases. Anyway that’s all from me, do stay safe in the markets. Also do let me know in the comments if you have any feedback on the type of content I am posting (i.e what you want to see more of etc).

The above is just my personal opinion and does not constitute financial advice. Please do your own due diligence before buying or selling any shares.

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