Attended a Course Which is a Game Changer
I've been doing around 15% per year regularly, since 2016. Prior to that, I was doing 10% per year. I've learned the art of long-short equities, going net short in 2018 and net long in 2016, 17 and 19. However, my momentum and value tactics have always been long term and it works the best when markets trend. I achieved 50% in 2016, 40% in 2017, -10% in 2018 and 5% in 2019 so far.
2018 and 2019 were disappointing years for me. I expected to do better. Hence I decided to pursue a course that I knew of its existence in 2010. I was sceptical initially as it was very costly, the trainer didn't have any financial / academic credentials. I have the CFA and CAIA. Surely I didn't need to learn from those who don't do I?
It appears that those who have finance training may not actually be great investors. I took courses from trainers who had CFA. But their results were mixed. One was already financially free. No doubt brilliant, taught mostly fundamentals which I was already very familiar with, but very little technical analysis. The result was I wasn't beating markets. I was doing 8 to 10% per year. I took the course in around 2011.
The second course was purely fundamental analysis. I achieved better. It was in 2014. I did better since, especially because the cheapest stocks were usually small caps. Small / mid caps did very well in 2016 to 17. The course helped me.
Finally, the latest course was the best yet. It was extremely intensive. The first day was on a Thur from 7pm to 11pm. Fri to Sunday were full days from 9 am to 10.30pm. I was exhausted. From Saturday onwards, I was beginning to learn somethings. By Sunday night, I was clear what I needed to do. The trainer's own return was around 30% per year. That was what I needed exactly.
If I can achieve close to or over 30% per year, i can easily have 2 ways to be financially free. I could continue with my property investments, which is giving me around 35 to 45% IRR, and liquid securities, which will give me 30%. This is a lot more liquid and allows me to keep more cash and invest in stocks while waiting for opportunities in real estate.
2018 and 2019 were disappointing years for me. I expected to do better. Hence I decided to pursue a course that I knew of its existence in 2010. I was sceptical initially as it was very costly, the trainer didn't have any financial / academic credentials. I have the CFA and CAIA. Surely I didn't need to learn from those who don't do I?
It appears that those who have finance training may not actually be great investors. I took courses from trainers who had CFA. But their results were mixed. One was already financially free. No doubt brilliant, taught mostly fundamentals which I was already very familiar with, but very little technical analysis. The result was I wasn't beating markets. I was doing 8 to 10% per year. I took the course in around 2011.
The second course was purely fundamental analysis. I achieved better. It was in 2014. I did better since, especially because the cheapest stocks were usually small caps. Small / mid caps did very well in 2016 to 17. The course helped me.
Finally, the latest course was the best yet. It was extremely intensive. The first day was on a Thur from 7pm to 11pm. Fri to Sunday were full days from 9 am to 10.30pm. I was exhausted. From Saturday onwards, I was beginning to learn somethings. By Sunday night, I was clear what I needed to do. The trainer's own return was around 30% per year. That was what I needed exactly.
If I can achieve close to or over 30% per year, i can easily have 2 ways to be financially free. I could continue with my property investments, which is giving me around 35 to 45% IRR, and liquid securities, which will give me 30%. This is a lot more liquid and allows me to keep more cash and invest in stocks while waiting for opportunities in real estate.
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