My 2023 Half-Year Recap
My most profitable stock so far this year has been $NVIDIA(NVDA.US$ which almost tripled in value year to date and recently joined the trillion-dollar club. In fact, it is my multi-bagger in the shortest time. I plan to continue holding onto this mega winner, as my holding period is forever for a fundamentally strong company. With increasing hype on artificial intelligence and Nvidia’s industry leadership and market dominance in AI chip, I believe that the stock will be able to grow from strength to strength and scale to greater heights over time and its best has yet to be.
My most loss-making stock so far this year is $Target(TGT.US$ which has never seen daylight since I bought. Nevertheless, I’ve no intent to cut loss, as I hope that the stock will regain its past glory over time as the economy recovers and retail discretionary spending improves.
My most regrettable miss in the first half of this year is $Tesla(TSLA.US$ , after I procrastinated too long and missed the boat when the stock plunged to as low as $102 early this year. I was overly concerned over its rich valuation and was hoping for the stock price to fall below $100 before I would buy into the counter. However, the stock has proved to be resilient and recovery from its bottom has been fast and furious.
I added $Meta Platforms(META.US$ earlier this year, as its CEO has announced this to be the Year of Efficiency which has witnessed aggressive and relentless cost-cutting measures including massive and consecutive layoffs and restructuring by the social media platform. Meta Platforms’ share price has plummeted last year after a series of disappointing earnings results on the heels of rising costs from its venture into metaverse and growing competition from the likes of TikTok. Hopefully the reinvention and restructuring will rejuvenate Meta Platforms and help its stock reclaims its past glory.
I held $Grab Holdings(GRAB.US$ for the shortest duration this year, after I lost conviction in the company to turn profitable and liquidated my stake. Once a rising star and pride of our nation, Grab has dismayed with its continual priority on expansion over profitability. With rising competition, and not helped by prevailing slowdown in demand for food delivery amidst lifting of COVID-19 restrictions, Grab will be under immense pressure to stay ahead of competition and remain relevant post pandemic.
The broad market has been buoyant so far this year, as it expects the Fed to ease its monetary policy while inflation shows signs of cooling, and in fact the Fed just paused its rate hikes after the latest FOMC review this month.
My most loss-making stock so far this year is $Target(TGT.US$ which has never seen daylight since I bought. Nevertheless, I’ve no intent to cut loss, as I hope that the stock will regain its past glory over time as the economy recovers and retail discretionary spending improves.
My most regrettable miss in the first half of this year is $Tesla(TSLA.US$ , after I procrastinated too long and missed the boat when the stock plunged to as low as $102 early this year. I was overly concerned over its rich valuation and was hoping for the stock price to fall below $100 before I would buy into the counter. However, the stock has proved to be resilient and recovery from its bottom has been fast and furious.
I added $Meta Platforms(META.US$ earlier this year, as its CEO has announced this to be the Year of Efficiency which has witnessed aggressive and relentless cost-cutting measures including massive and consecutive layoffs and restructuring by the social media platform. Meta Platforms’ share price has plummeted last year after a series of disappointing earnings results on the heels of rising costs from its venture into metaverse and growing competition from the likes of TikTok. Hopefully the reinvention and restructuring will rejuvenate Meta Platforms and help its stock reclaims its past glory.
I held $Grab Holdings(GRAB.US$ for the shortest duration this year, after I lost conviction in the company to turn profitable and liquidated my stake. Once a rising star and pride of our nation, Grab has dismayed with its continual priority on expansion over profitability. With rising competition, and not helped by prevailing slowdown in demand for food delivery amidst lifting of COVID-19 restrictions, Grab will be under immense pressure to stay ahead of competition and remain relevant post pandemic.
The broad market has been buoyant so far this year, as it expects the Fed to ease its monetary policy while inflation shows signs of cooling, and in fact the Fed just paused its rate hikes after the latest FOMC review this month.
Nevertheless, the bulls appear to be climbing the stairs slowing while the earlier bears had taken the lift down rapidly, as lingering fears of an impending recession continue to haunt the market.
Likewise, with the interest rates remaining restrictive and lagging effects of the previous hawkish rate hikes that have yet to fully propagate through the economy, I remain wary of a looming recession in the second half of the year.
Hence, I’m preparing my war chest for deployment should there be bloodshed in the market, as I remain optimistic of the long-term prospects of the broad market and am confident that it will prevail over any short-term recession and emerge stronger over time.
Likewise, with the interest rates remaining restrictive and lagging effects of the previous hawkish rate hikes that have yet to fully propagate through the economy, I remain wary of a looming recession in the second half of the year.
Hence, I’m preparing my war chest for deployment should there be bloodshed in the market, as I remain optimistic of the long-term prospects of the broad market and am confident that it will prevail over any short-term recession and emerge stronger over time.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
l苦咖啡 : I've always been optimistic about technology stocks
Blazethebeagle : Aye Agreed bagholding since 2015
Forever Healthy : Great investment on Nvidia!
Happy Lifetime : Thanks for your sharing! I have similar good and bad bets!
102131151PH : Nice post! I missed Nvidia :(
Asphen : that's v good. my monthly cash cow is INMD.