Portfolio Update
Dec 2024 - Farewell 2024, Hello to a Promising 2025!
As we wrap up 2024, I’ve taken some time to reflect on my investing journey over the past year. While my portfolio delivered only minimal returns, I’m incredibly grateful that I didn’t lose money. After all, as Warren Buffett famously said, “The first rule of investing is: don’t lose money.”
This year gave me a glimpse of achieving one of my long-term goals: financial independence. For a short while, I felt like I had reached that milestone. Now, in my case, achieving this is simpler because of a few key factors:
No Dependents: To financially support.
No Debt: Living debt-free provides a strong foundation for financial stability.
Simple Lifestyle: My hobbies are affordable, and I have no extravagant desires for luxury.
By reducing my needs and simplifying my lifestyle, I’ve created a pathway to independence without relying on massive wealth accumulation. It’s a bit of an unconventional route, isn’t it? But one that works beautifully for me.
Despite these milestones, I’m also feeling a tinge of dissatisfaction. This year has taught me that investing takes time, and so does the maturation of a portfolio. For a brief moment, I considered taking profits and achieving my financial goals. However, my thought process told me to stay invested, trusting in the long-term growth of my assets.
Do I sometimes wonder if I made the right call? Absolutely. But investing is all about patience and conviction. Only time will tell if this decision bears fruit.
As 2024 ends, my portfolio’s asset allocation leans heavily toward Chinese markets. I’ve chosen this path because I see immense value in high-quality, cash-generating companies that are still priced attractively.
Here’s why:
China’s Value Play: While others might be wary of global markets, I found opportunities in Chinese companies that balance stability with growth potential.
Avoiding Overpriced Markets: I’ve kept a significant cash reserve due to my cautious outlook on the U.S. market, which, in my opinion, remains excessively expensive.
I know that if I hadn’t invested in these undervalued Chinese opportunities, I’d regret it later.
Beyond the numbers, 2024 has been transformative for me as a person. Every step of this journey has made me more disciplined, patient, and self-aware. As I look ahead to 2025, I see it as a pivotal year. I’m excited to explore other aspects of life that bring me joy both personally and professionally.
This year also deepened my sense of gratitude. To my subscribers, thank you for reading my thoughts and joining me on this journey. To my mentors, I’m endlessly grateful to those who’ve shared their wisdom in investing and life. To my tribe, the amazing people I’ve met along the way have enriched this experience beyond words.
I’m stepping into 2025 with optimism, knowing it will bring new challenges, lessons, and opportunities for growth. Living life on my own terms has been a gift, one born from the decision to take a single idea seriously and follow it through.
Here’s to a remarkable 2025 filled with learning, growth, and success for everyone. Thank you for being a part of my journey, and wishing you amazing adventures ahead!
