In January 2023, I officially started my journey of investing in US stocks. At the beginning of 2023, I set a goal for myself to generate profits of 100,000 CNY (20,000 SGD, 14,000 USD) through investing in leading stocks and rsp fund.
Actual Profit:
From December 31, 2022 to December 31, 2023, the principal investment in stocks was 38,635 USD, with a total profit of 10,782 USD (14.2K SGD; 76.3K CNY), resulting in a return rate of 27.9%. Half of the profit came from Microsoft (6,773 USD).
Reflecting on what I haven't done well:
1) Lost 447.5 USD buying Xiaomi Hong Kong stocks. Fortunately, I promptly liquidated and switched to US stocks.
2) At the end of November, upon hearing the news of Xi Jinping's visit to the US and China's government purchasing Boeing aircraft, I immediately invested in Boeing stocks at a low price. Simultaneously, upon learning about Tesla's new car release, I promptly invested in Tesla at a low stock price. However, due to fear generated by a friend sharing the warning of the 'Stock God,' I immediately sold, resulting in me earning nearly 1,000 USD less.
3) Did not follow the personal plan to invest in QQQ and VOO. The reason being, I previously had invested in China's CSI 300 and CSI 500 through rsp, and it backfired. Feeling a sense of fear as if the wolf was at the door, I hesitated to invest, opting to observe for a while. As of now, the investment returns for QQQ and VOO are 14.71% and 18.71% respectively.
Actual Profit:
From December 31, 2022 to December 31, 2023, the principal investment in stocks was 38,635 USD, with a total profit of 10,782 USD (14.2K SGD; 76.3K CNY), resulting in a return rate of 27.9%. Half of the profit came from Microsoft (6,773 USD).
Reflecting on what I haven't done well:
1) Lost 447.5 USD buying Xiaomi Hong Kong stocks. Fortunately, I promptly liquidated and switched to US stocks.
2) At the end of November, upon hearing the news of Xi Jinping's visit to the US and China's government purchasing Boeing aircraft, I immediately invested in Boeing stocks at a low price. Simultaneously, upon learning about Tesla's new car release, I promptly invested in Tesla at a low stock price. However, due to fear generated by a friend sharing the warning of the 'Stock God,' I immediately sold, resulting in me earning nearly 1,000 USD less.
3) Did not follow the personal plan to invest in QQQ and VOO. The reason being, I previously had invested in China's CSI 300 and CSI 500 through rsp, and it backfired. Feeling a sense of fear as if the wolf was at the door, I hesitated to invest, opting to observe for a while. As of now, the investment returns for QQQ and VOO are 14.71% and 18.71% respectively.
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This year, I started my trip to invest in US stocks in moomoo. I hope I can achieve my profit goal!
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