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Portfolio Review: 2021

[PORTFOLIO]

My investment, managed in various portfolio, had a mixed performance in 2021.

• Two income portfolios achieved the performance of +11.3% (cash) and +15.9% (SRS).
• One growth portfolio had the score of +6.4%.
• Two “actively managed” portfolios resulted in -0.4% and -27.5% returns.

All in all, SRS achieved 15.9% return, while cash performance, when all add up, was merely 2.62% return.

Learning and Reflection

• My investment took a bottom-up approach with each portfolio having its own objectives and strategies
• My SRS portfolio is a closed income-generation portfolio, with a spreadout of who-is-who SGX stocks. All returns reinvested. Minimum changes.
• My cash portfolio for retirement: similar to my SRS portfolio; here are top components of the portfolio.

Retirement Cash Portfolio

• The growth portfolio is meant for my son’s future education, aiming at a run-way of 10 years. So it has more growth / tech elements, including more US and China positions, such as BRK.B, MSFT, CRM, NVDA, SQ, COIN, ARKW, Tencent, HST, Nanofilm and AEM. So it had experienced more volatility in 2021.
• Two “actively managed” portfolios did not work out, here is why?
• Fund2: cash, focus on SGX stocks; had shifted goals and strategies; at the end, had become a staging ground for other portfolios; secondly, a “recovery” focus which did not work out, e.g. SMM, JCC, SingPost, Japfa
• US/HK-China: the worst performing portfolio of all. Ironically aiming at the highest return when 2021 started! Reasons: China, tech rout, biggest position still holding BABA; US, crash of super growth stocks, like ARKG, UPST; yes, I was a believer of Cathie Wood. I subscribe to her views on innovation, hyper-growth and inflation. I’m still learning how to apply, also to practise a balance act with Warren Buffet’s value approach.
• So, higher risks that you take, you want higher returns, but it did not happen that way to me in 2022.A lot of thinking and re-work for 2022.

Year on year, total portfolio value has increased, guess by injecting additional cash.

The chart below might look funny. Yes, I have been investing(?) for 20+ years, but did not do good recording. Guess COVID-19 had made me more resourceful and more committed in getting returns from my money. I look forward to sharing more detailed records in the future years.

Read on...

https://myinvestingnote.wordpress.com/2022/01/02/portfolio-review-2021/