My 2023: A Successful Year of Strategic Moves
As we bid farewell to 2023, it's with great pleasure that I reflect on a year that proved to be exceptionally rewarding for my stock and REITs investments.
1. Stellar Performance in 2023:
The year 2023 has undoubtedly been a standout period for my investments, culminating in an impressive overall profit of 18%. (the highest daily profit is 13k SGD) This achievement is particularly noteworthy, given the challenging economic landscape in the aftermath of the COVID-19 pandemic. The recovery witnessed throughout the year was not only strong but exceeded expectations, adding substantial value to my portfolio.
2. Strategic Responses to Interest Rate Fluctuations:
The early months of 2023 presented a unique challenge with the increase in US interest rates, causing a temporary dip in REITs prices. Rather than succumb to market uncertainties, I seized the opportunity to strategically enhance my position by purchasing more REITs, effectively averaging down the overall cost. This move exemplifies the importance of resilience and adaptability in navigating the dynamic stock market.
3. November-December Surge:
The turning point for my REITs investments occurred in the latter part of the year, especially in November and December. With the welcome news of no further interest rate increases and the prospect of a rate drop in 2024, REITs experienced a significant surge. This positive momentum propelled my portfolio to new heights, emphasizing the importance of staying informed and aligning investment strategies with market dynamics.
4. Prudent Profit-Taking:
Recognizing the importance of securing gains when presented with favorable market conditions, a pivotal move for me was selling all my AJBU holdings at a robust 2.2+, locking in a substantial profit. This decision proved prescient, especially considering the subsequent drop in AJBU below 2. The ability to capitalize on profit opportunities underscores the importance of a disciplined approach to investment, ensuring that gains are realized and not left to market fluctuations.
1. Stellar Performance in 2023:
The year 2023 has undoubtedly been a standout period for my investments, culminating in an impressive overall profit of 18%. (the highest daily profit is 13k SGD) This achievement is particularly noteworthy, given the challenging economic landscape in the aftermath of the COVID-19 pandemic. The recovery witnessed throughout the year was not only strong but exceeded expectations, adding substantial value to my portfolio.
2. Strategic Responses to Interest Rate Fluctuations:
The early months of 2023 presented a unique challenge with the increase in US interest rates, causing a temporary dip in REITs prices. Rather than succumb to market uncertainties, I seized the opportunity to strategically enhance my position by purchasing more REITs, effectively averaging down the overall cost. This move exemplifies the importance of resilience and adaptability in navigating the dynamic stock market.
3. November-December Surge:
The turning point for my REITs investments occurred in the latter part of the year, especially in November and December. With the welcome news of no further interest rate increases and the prospect of a rate drop in 2024, REITs experienced a significant surge. This positive momentum propelled my portfolio to new heights, emphasizing the importance of staying informed and aligning investment strategies with market dynamics.
4. Prudent Profit-Taking:
Recognizing the importance of securing gains when presented with favorable market conditions, a pivotal move for me was selling all my AJBU holdings at a robust 2.2+, locking in a substantial profit. This decision proved prescient, especially considering the subsequent drop in AJBU below 2. The ability to capitalize on profit opportunities underscores the importance of a disciplined approach to investment, ensuring that gains are realized and not left to market fluctuations.
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