Return YTD was -7.36%, XIRR YTD -17.07%, and XIRR since inception was 1.48% at the end of the month. I added a fresh fund of $5,000 to the portfolio. If there was one important thing I learned throughout my investing journey aside from picking good companies, it would be having a good cash flow. The cash flow and holding power to ride uncertain times like this, so we didn't sell low and even bought more if possible, was what made the rich richer.
A lot of people think that picking the best companies is the key to successful investing. However, in my view, we should invest in ourselves first. My advice to younger investors will be to invest in yourselves so you become one of the best in your job or line of business. Combining good skills with prudent personal financial management, you will ensure a good and steady cashflow required to invest successfully. Many aspires to be the smartest, market-beating trader. Motivated by greed to get rich quick, they felt into the trap of fake gurus making money from the gullible (i.e: bei-kambing according to my blogger friends SMOL and Uncle8888)
Observing some weaknesses in May, I made quite a few purchases in the underperforming market such as Singapore and Hong Kong. See, we should always see crisis as an opportunity. There is always positive in every negative. I was particularly bullish on the long term prospects of China. I had no doubt that 20-30 years down the road, China would beat US hands down. I was also so happy that I could get my hand on a premium brand such as LVMH. I liked Hermes too, but it ran before I had the chance to buy it.
I received total dividends of $1,380.12
Link to Yaruzi's low cost portfolio as of May 2020.
