Investment Diary (By Joe Pong Wealth)
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πŸ† Recording Wealth Accumulation Journey Together
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https://t.me/investmentdiarychat
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Just in case you have never seen this video, from Daniel Schreiber, co-founder of Lemonade himself #LMND, on how they intent to disrupt & reimagine insurance πŸ”₯

https://youtu.be/j7Q8SyuHWc0
πŸ†˜ WARNING πŸ†˜

This will be my personal price target for 2021.

Let's post it here today, and we shall come back 2021 year end and see if this prediction is true.

DISCLAIMER
This is not a stock recommendation post, but a personal opinion and serves as a record keeping purpose.

Welcome for debate in the chat.

#AAPL #TSLA #PINS #SE #JD #LMND
MARKET is going to CONTINUE be BLOODY RED TODAY.

#TSLA below 700, #SE below 250, #LMND EMA50, #PYPL EMA20

(1) If you are aggresive, shoot wisely on your bullets. Don't go all out.

(2) If you are conservative, reserve some cash.

(3) If you are risk-adverse, but hand-itchy, look for confirmation
The company has enjoyed steady growth in 2020.

It reported in force premium (IFP) $213M +87% -- a 5% beat.

Gross Earned Premium (GEP) +92% year-over-year to $50M -- a 6% beat. Premium user was up 20% to $213.

The addition of pet insurance certainly gave them a boost, as homeowner & pet now equal 40% of new business in Q4.

Also, roughly 50% of IFP attributable to their pet product at year-end was generated by cross sales to existing customers.

#LMND

https://www.google.com/amp/s/www.fool.com/amp/investing/2021/03/02/lemonade-reports-strong-earnings-but-whats-next/
"OMG!! Market vomit & laosai.. Everyday RED gao gao sia!!"

How ah? Otoke? Tolong?
___

Market is in downtrend. Bear territory in place. 🐻
But is it the end of the world? NO

Before the market opens next week, ask yourself these questions, and answer each of them carefully. Hopefully by doing so, you will find some peace from within:

πŸ”Ž What is the reason the market is pulling back? Is it something wrong with the macroeconomy? Is it news-driven? Or is it regular market corrections?

πŸ”Ž Why is the market so volatile nowadays? Is it more money flowing in? Or is it more accesible for laymans to invests? Do everyone has the right mindset to invest? Or people are just looking for quick money? How is the rise and fall more/less significant then?

πŸ”Ž Why are certain companies are falling more than the others? Are they more speculative stocks? Are their fundamentals solid? Is the market price in proper correlation to the business performance? Was it because they were overly priced due to crowd optimism, or is it people are panicking to sell off their positions during this fall, which results in greater discounts?
___

πŸ”»#AAPL down 140 to 120 (-15%)
πŸ”»#TSM down 140 to 120 (-15%)
πŸ”»#SE down 280 to 230 (-18%)

πŸ”»#LMND down 185 to 90 (-51%)
πŸ”»#TSLA down 900 to 500 (-45%)
πŸ”»#PLTR down 40 to 24 (-40%)

And the list goes on..
___

"So Joe, is this the best time to buy?"

If you are asking me, will the market rise or fall?
I don't know. No one knows 100% sure.

That's the reason I do not anticipate the market.
As lots of you know, I have been shooting my bullets.

⏳ Quit waiting. The time is NOW.
Now it’s the time for YOU, to plan your POSITIONS.

I'm talking about, finding the gems from your portfolio.
What are your TOP 5 CONVICTION COMPANIES?

How confident are you with the business?
Will you exit if the company stock price falls -10%? -20%? -50%?

🀨 I'm speaking here now.
Because I don't want you to miss another golden opportunity:
to ride on the GREAT STOCK EXCHANGE DISCOUNT.

Of course, we don't know when is the next sales going to be.
🀷 Will there be a further price reduction? Possible.
🀷 But will the price goes up from here? Possible.

Make your choice wisely and carefully. 🎯
___
What the hell backed you up back there?
NO, I did not. I have my doubts too. Just like you.

Although I was actively shooting all along, when it falls.
The problem comes when I was expecting to see a fast result.

You see, we were conditioned in the past few years, that market recovery can happen in a blink of an eye. Which msot of the case, it is not. The past few years have been rather abnormal, and we are now seeing a shift and change in the market.

I was afraid. I was super afraid. Not because that I might lose my money. No. It was not the first time anyway.

I was afraid, because of you guys. I was thinking if I'm leading the crowd to a wrong direction, with the sole responsibility on me where I did not do a proper homework to predict or prepare for a gigantic market crash.

After a couple weeks with market soaking in RED, I started to question myself a bit.

See, I was vulnerable. No doubt.

Then I got busy. I stopped looking at market all night.
Well, I have no more bullets to shoot anyway.

For the past few weeks, I have really size up on the few companies of mine;
#PLTR #TSLA #SE #PINS #LMND

I'm also venturing out to some green pastures.

With the similar pattern to 2019/20 rise of Gold, I have mentioned that cryptocurrencies are gaining their traction this year.

I started acquiring #BTC, which I told you all not to miss a chance when it falls to EMA50.
I exploring crypto-arts. Where NFTs have been gaining some attention.

Most important of all, I held onto what I believe, and let conviction brings me ahead.

When market is in deep red, fall back to your comfort zone.

In fact, the truth to be told is, no one can predict what happens tomorrow, or Q2.

I cannot tell you that market is going to be GREEN forever from Q2 to Q4.
What I can tell you is, if you can allow yourself to get past the uncertainty waves, with your great assets on hand, and you did not pull out from here, you will thank yourself from being brave later.

Never be afraid to ask or share an idea.
Knowing what you're doing, and do not follow blindly.

Leverage safely and start a fire you can control.

If there's only one lesson, and one lesson only, that I learn during Q1 is that, I need more emergency fund πŸ˜‚

Stay motivated, be inspired.

-- Joe
Joe's 2021 First Half Portfolio Review 🎊

Overall Portfolio Return: 8% πŸŽ‰

Biggest winners πŸ”₯
#SE
#NET
#GOOG
πŸ‘‰ Long term Buy & Hold

Biggest losers 😳
#BABA
#LMND
#PLTR
πŸ‘‰ Average trade price too HIGH

Top 3 portfolio allocation πŸ‘
#TSLA
#PLTR
#AAPL

Top new positions:
#6862.HK (Haidilao)
#DDOG
#ZM

Top 3 items for better improvement:
- Portfolio Allocation
- Entry price monitoring
- Add-on positions for winners
As you trade the market, you need to acknowledge the fact that you could be utterly wrong at your judgement at some point of time. These are golden nuggets worth to give you a lifetime lesson and reflect on your initial investment thesis and decision. I had to admit that #LMND is a company that I have high faith on since last year. I was sold for their storytelling on how a well-built algorithm and platform can change the financial and insurance ecosystem. Nonetheless, it is disappointing to see that their execution is under expectations. #HaiDiLao is a new positions I added this year after the food poisoning scandal. Although I bought it at a relative cheap price, all the negative consensus and things happening around at current macroscopic level is pushing the stock price further down. #SKLZ on the other hand is a greed driven trade, and I regret for just looking at the numbers on surface while did not dive deeper into my investigation.
.
I will not be adding any more positions to these companies as we move towards next year.
.
β€œDouble down on your winners and dilute your losers.”