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My investment strategy is getting me nowhere
A recent conversation with a client was investing into stocks. He was trying to study and buy into companies at low prices and exit them at higher prices, shifting between various companies he has been tracking that are typically stocks in Singapore. Unfortunately, some companies have been suspended, some gone down so low that it is not even worth looking at, some have done very well but he had exited way too early.
After several years of investing, he was getting nowhere near his goals as he was always happy with that few thousand dollars that he made along the way. He will pull out from his investments as he was also afraid when the next wave of change might hit that made the company go south or obsolete as many other blue chip companies had gone in that similar direction. Some examples would have been SIA, Hyflux, Kepcorp, Singtel, SPH, Kodak etc.. When we calculated his retirement goals, it was a big amount and he knew straightaway that he had to change strategy.
Core and satellite strategy
He needed a core strategy that builds wealth in a global diversified manner across the world, not just focused only in specifics like US, Europe, China or a concentration into a few technology stocks. He needed it to remove the pain of seeing some companies go up and down with no bright future ahead as well. He wanted to be able to sleep in peace in downturns which could come in various forms. This is for a long term retirement strategy. He needed the money to be there available for retirement when he has slowed down in his income or stopped work totally. Isn’t that what most of us are hoping to achieve in our lives?
The satellite strategy varies from person to person and one needs to take a small allocation to position that in place to give the icing on the cake. I used to have this problem as well and after shifting my strategy about 5 years ago, I have managed to build a CORE portfolio of 7-8x in size from what it used to be previously.
Do you have a CORE portfolio strategy built in place for you for retirement that you can invest with peace of mind and yet achieve better than average market returns than most retail investors? Connect with us to see to share your experience and see if we can help you get you to your goals in a more comfortable manner.