Year 2023 Retrospective – Continued year of learning

Portfolio Performance
- 2 main portfolios performing differently – 15% and 45% 2023 return

Methodology
- Was mainly an options only trader
- 2023 added portfolio diversification to the mix using “nibbling”. Price action analysis will allow me to build a stronger and lower base

3 Step Analysis / Pickings
- Price Action / Technical Analysis – Analyzing 50 charts per day, 365 days a year
- Fundamentals – Picking and going for counters that had demonstrated good values but had taken a hit due to varied reasons (e.g. KO/MCD got hit recently, an over-reaction)
- Macroeconomics – Closely monitoring inflation data trends, FED action, other influences etc (e.g. I already called back in Sept that the FED was done and there will be no more hikes and cuts will only happen in 2024) - Includes watching 10 videos per day and reading 10 articles per day

2024 Focus
- Rate sensitive counters – e.g. healthcare (e.g. VEEV, LABU), solar (e.g. ENPH), fintech (e.g. PYPL), banks (e.g. JPM), profitable growth (e.g. PATH), REITS (e.g. Ascendas, Mapletree etc)
- Semi-conductor – Will continue to invest in SMH and also counters like AMD (if it will stop running); Noting that 2024 will be a challenging year.
- AI – Looking beyond the hardware space (e.g. NVDA), where the software angle will come in soon (e.g. PATH, PLTR, GOOG, AMZN, MSFT etc)
- Recession-proof counters – Continued nibbling into KO, MCD, WMT etc
- Cash on the side (in bonds etc) – await the major events like recession "hard landing” etc

Horizon – Note that I am a mid to long term investor, so my build is towards growth accumulation in the next 5 to 10yrs