Sept profit/ loss sharing #8

When I look at my portfolio in MYR, it's depressing (I shared in previous posts). But when I switch to USD, it's a different story.

I actually did quite well compared to the market. All my time invested in studying this matter this past few months was not put to waste. This is such an uplift to my spirit, which was dampened by my portfolio shrinkage (when viewed in MYR) in the past 2 months.

Although the USD devaluation adversely impacted people who entered the market earlier, I still feel the US stock market is the best place to give your financial IQ and EQ a good daily workout, like what we give our body (hopefully most people do this). It has many innovations in money market instruments , opportunities linked to its volatile nature, and many flexible ways to trade (pre - and post market, options, and other derivatives). Not to mention the wealth of information (can be overwhelming) coming from so many sources. So I'll be doubling down at midst the losses.

I can gladly say this, immersing in the US market has brought out the risk-taking and bolder side of them that I kept away for a long time.

I do appreciate the slow and steady nature of the MY market, and I have built what I think is a  conservative, stable portfolio of dividend-focus stocks, which I plan to just let them sit there and do their thing. 

But for all my new capital injection, it's a different story. I will focus on the US market for sharpening my skills, taking more risks, trying new tools, testing new products, and having a more short - to medium-term mindset. In other words,  this playing fowls is more alive.

I used to split my funds 50-50 in both markets, but now it's more like 70-30. Not much changes to my MY portfolio as I view it as 'stable' but increase funding to the US portfolio.

It's a huge mindset change for me, and it's very stimulating to the mind. This is definitely one of my major life events in 2024.