[LENS 光。影] FLY . HOME - 飞。家

 

[APPLE PROJECT] Performance as of 30th December 2022

My APPLE PROJECT started in October 2021. Since then, the performance has been steady, but up until lately that the share price of Apple for the first time it performs poorly.

My APPLE PROJECT Performance

Value of my Apple Project is down 11.72% since inception.

A bit of history of APPLE

Apple Inc is a company that was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. It has grown over the years to become one of the largest technology companies in the world. It is also credited with making such innovations a part of mainstream culture.

Apple introduces a number of innovations that are still found in modern-day computers and other technology devices today. In many ways, Apple has transformed the way we interact with technology and how we think about it. The iPhone was not only the first smartphone to achieve mass-market acceptance; it also set the standard for mobile devices that followed.

Here are some interesting facts about Apple Inc:

-       It was announced that Apple Inc has been ranked as the most valuable brand in the world. The tech giant was followed by Google and Amazon, The Wall Street Journal reports.

-       Forbes also recently named Apple CEO Tim Cook one of the most powerful people on Earth for a fifth straight year.

-       The company's first product was the Apple I personal computer. It was priced at $666.66, which was slightly less than $1,000 at the time—a number that has been considered unlucky for some time now and which led to Wayne selling his stake in Apple shortly after its launch.

-       The three founders all worked out of a garage (where they had no heat or running water) before moving into their first office space in Cupertino, California in 1977.

-       Apple began operations on April 1, 1976 with three employees: Steve Jobs (deceased), Steve Wozniak (deceased), and Ronald Wayne.

-       The company's first product was the Apple I personal computer kit manufactured by Wozniak's friend Steve Jobs' garage business called Apple Computer Co., which was also incorporated on April 1st of that year.

Forward

We can say that Apple Inc. is an amazing company. With its innovative products and services, it has helped shape the world we live in today. And I still strongly believe the company can continue to be at the forefront of technological advances and has been able to expand globally by providing high-quality goods for all people across the globe.

[LENS 光。影] MERGED

 

[LENS 光。影] CHRISTMAS

 

[LENS 光。影] TRACK

 

[APPLE PROJECT] SECOND TRANCE OF USD600 INVESTED

 As I have posted on 22.09.2022, the second trance of USD600 has been invested in APPLE through my eToro platform. The record is as follows:-

 Thus, as of 28.09.2022 my Apple Project for 2022 has been fully executed.

[APPLE PROJECT] SECOND TRANCE OF INVESTMENT

On 22.09.2022 the US Federal Reserve announced another raised in interest rates by three-quarters of a percentage point for the third consecutive time. This may represent another pressure on Ringgit against the US Dollar. It also means that I have to pay more (of Ringgit) for the second trance of USD600.00.

Apart from that, the probability of a recession is high, especially in the Europe which is facing high price of energy. 

I strongly believe the currencies (US Dollar and Ringgit) would normalize in the long term because rates would cool off from its peak, but the thing is that this normalization might take few months or even longer than that. My point here is that if I wait for the "normalization" to take effect, I may miss out the price rally of a great company like APPLE.

Notwithstanding of the above, I am of the view that APPLE has a strong economic moat from its strong royal fans which are willing to spend on its subscription services. This can be seen from its increased in subscription numbers which drove double digit growth in service revenue. 

So, this is what I am going to do. I intend to slow down the progress of my injection of the second trance of USD600.00 (investment in APPLE). My estimation of the timing would be in the next 4 to 6 weeks. 

Rest assure that I will update again.

#AppleProject

[APPLE PROJECT] iPhone 14 and New Investment 2022

MY APPLE PROJECT

 

As I made a post last year 4th October 2021 regarding my little of My Apple Project, i.e. to buy Apple’s share if a new iPhone series is launched.

 

On 7th October 2022, Apple announced its new iPhone 14 series. Once again, this iPhone 14 does not come cheap. The iPhone 14 Pro Max (256GB) costs about USD1,199.00. Therefore, I will acquire USD1,199.00 worth of share of APPLE.

Here is my plan, I will acquire the share of APPLE in two (2) tranches with each trance worth of USD600.00.

 

PROJECT EXECUTION

 

As of today, first trance of USD600.00 has been invested in APPLE in eToro.

 

The second trance of USD600.00 will be executed in due course.

 

Let’s see how it would turn out to be in the next 10 years, which is YEAR 2031.

 

#AppleProject 

[APPLE PROJECT] Performance as of 26.08.2022

PERFORMANCE

Since the inception of this fund in September 2021, this fund is up 19.12%. 

Overall, this fund is way above the S&P 500 which stands at -362% and also the Dow Jones Index which stands at -3.01%.

S&P 500

DOW JONES

BRUNEI 汶莱 - 4 Days 3 Night - Seri Begawan, The Empire Hotel, Jame' Asr Hassanil Bolkiah Mosque

 

BRUNEI 4 Days 3 Night - Seri Begawan 汶莱 4天3夜 自由行 - 斯里巴加湾市 Places: - Jame' Asr Hassanil Bolkiah Mosque - Coffee by 7T1 - Seri Bagawan Floating Village - Sultan Omar Ali Saifuddin Mosque - Phongmun Restaurant - Roasted Sip Coffee - The Empire Hotel Brunei - High Frequency Cafe Partial video of Royal Brunei Boeing 787 is provided by Vecteezy.com

BRUNEI 汶莱 4 Days 3 Night - Seri Begawan, Sultan Haji Omar 'Ali Saifuddien Bridge, The Empire Hotel

BRUNEI 4 Days 3 Night - Seri Begawan 汶莱 4天3夜 自由行 - 斯里巴加湾市 Places: - Sultan Haji Omar 'Ali Saifuddien Bridge - Temburong District - Batang Duri Recreation Park - JAB GYM - Food Street @ The Mall - Istana Nurul Iman (Palace) - THE EMPIRE BRUNEI

[TRAVEL] Kuching, Sarawak - 4 days 3 nights - Blue Pond, Cove55, Damai Beach, Fairy Cave, Borneo Culture Museum, Buntal Seafood 古晋 砂拉越 4天3夜 - 新尧湾碧湖，COVE55度假村，仙洞，海滩，婆罗洲文化博物馆，文丹海鲜

 

[TRAVEL] COVE 55 Resort, Santubong, Kuching - 2 days 1 night free & easy recharge

 

[INVESTMENT] MEMO – 31.03.2022

Hello, hello!

It’s the last day of March 2022.

PEACE TALK

There was some progress in the peace talk between Ukraine and Russia as Russia pleaded that it will "drastically reduce" military combat operations in Kyiv of Ukraine. Most of the western media still have some doubts over this positive progress and some believe this may be a "smokescreen" for the Russian forces to re-strategize in Ukraine.

YIELD CURVE INVERSION

Bloomberg on 28.03.2022 reported that the spread between five-year notes and 30-year bonds inverted for the first time since 2006 when five-year yields rose to 2.63%. Why is this pertinent?

The inverted curve has proven in the past few past major occasions to be relatively reliable lead indicator of a recession. Then,what is “inverted yield curve”?

Investopedia explains that “an inverted yield curve occurs when short-term debt instruments have higher yields than long-term instruments of the same credit risk profile”. It further explains that “an inverted yield curve is unusual; it reflects bond investors' expectations for a decline in longer-term interest rates, typically associated with recessions.”

It this a reference or sign of recession? I do not know.

On top of that, inflation is real even before the Ukraine Russia conflict. And we can feel the impact of inflation now. The cost is that our money is declining in true value over time.

MY INVESTMENT

Having said that, I am maintaining a long time-horizon buying dips in the assets and businesses that I want to hold for the next decade. 

Quoting Benjamin Graham, "In the short run, the market is a voting machine but in the long run it is a weighing machine."

PORTFOLIO

These three (3) months have been a roller coaster riding. Current month for March 2022 our portfolio is up 4.19%. However the overall performance for this year is still down 5.18%. 

Stay safe.

MNMLH

31.03.2022

[UNBOXING] ZZUOM Coffee Machine CM6826T - Office Cafe

 

[INVESTMENT] MEMO - 18.03.2022

Hello, Hello!

In times of this unstable market environment, we also obviously do not know how long the conflict between Russia and Ukraine will last. So I am taking a step back, making coffee, doing a lot of reading and thinking over the past weeks. 

I have read Morgan Housel’s new book THE PSYCHOLOGY OF MONEY and a few classic, LEARN TO EARN by Peter Lynch.

As my portfolio is partially exposed to China market in $BABA (Alibaba) $0700.HK (Tencent) and $03690.HK (Meituan Class B), my portfolio is still down this month. 

The only positive news I know for this week is that China government made a strong signal to stabilize financial market, promising to ease regulatory crackdown, support technology companies and stimulate the economy.

As for the past few weeks, I have added some position in  $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) . Apart from that, nothing much to update.

Happy weekend and stay safe.

MNMLH

18.03.2022

[INVESTMENT] MEMO - 28.02.2022

Hello, Hello! It’s the last day of February for year 2022.

Thanks for reading my Memo.

WAR DESTROYS EVERYTHING

I born in the mid 80’s and fortunately I’m not born in the era of war. Even not born in the era of war, I personally can feel the physical and psychological tension and pain of war.

Last week, Russian President Vladimir Putin announced a special military operation in Ukraine’s eastern Donbas region. Short video clips showing troops and tanker in Ukraine were spreading like wild fire in social media. Civilians flee Kyiv. World leader of the West condemned this move and pressured to impose sanctions against Russia.

The west treated this move as an invasion of Ukraine. Price of Oil, Wheat and Gold surged and, without a doubt, stock market dropped substantially. Russia’s MOEX Stock index even dropped 45% after Putin ordered military action in Ukraine.

The physical and psychological terror of war are unimaginable. On economy aspect, the consequences are devastating. We all know that war destroys everything.

OPPOTUNITY OF CRISIS?

During time like this, I always like to seek some wisdom from books or  experienced investors. Lucky to me, there’s one classic book called COMMON STOCKS AND UNCOMMON PROFITS by Phillip Fisher, may provide some guidance to me. I particularly like what he said in this book, which I quote as follows:-

“Do stocks actually become more valuable in war time, or is it just money which declines in value? That depends on circumstances. By the grace of God, our country has never been defeated in any war in which it has engaged. In war, particularly modern war, the money of the defeated side is likely to become completely or almost worthless, any common stocks would lose most of their value. Certainly, if the United States were to be defeated by Communist Russia, both our money and our stocks would become valueless. It would then make little difference what investors might have done. 

On the other hand, if a war is won or stalemated, what happens to the real value of stocks will vary with the individual war and the individual stock. In World War I, when the enormous prewar savings of England and France were pouring into this country, most stocks probably increased their real worth even more than might have been the case if the same years had been a period of peace. This, however, was a one-time condition that will not be repeated. Expressed in constant dollars – that is, in real value – American stocks in both World War II and the Korean period undoubtedly did fare less well than if the same period had been one of peace. Aside from the crushing taxes, there was too great a diversion of effort from the more profitable peace-time lines to abnormally narrow-margin defense work. If the magnificent research effort spent on these narrow-margin defense projects could have been channelled to normal peace-time lines, stockholders’ profits would have been far greater – assuming, of course, that there would still have been a free america in which any profits could have been enjoyed at all. The reason for buying stocks on war or fear of war is not that war, in itself, is ever again likely to be profitable to American stockholders. It is just that money becomes even less desirable, so that stock prices, which are expressed in units of money, always go up. ”

   (emphasis added)

MY MOVE

Last week, I have disposed off my stakes in  $ISRG (Intuitive Surgical Inc) (with slight gain) and  $2318.HK (Ping An Insurance) (with a loss) not because I think they are no longer fundamentally sound. The main reason of the disposal is I need more cash to increase my stakes in  $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) and  $GOOG (Alphabet).

The massive drop in the stock market due to the special military operation in Ukraine has caused some opportunity for me to increase my position in TSMC and ALPHABET (GOOGLE).

PERFORMANCE

As of today, this month our portfolio is down 5.37%.

Stay safe.

MNMLH

TAKE NOTICE that the above memo is by no means a recommendation or a solicitation or expression of views to influence you to buy or sell any stocks. The above memo is just my sharing on what I am doing with my portfolio and my thoughts along my investment journey since May 2020 for my future records and reflection usage.

[INVESTMENT] MEMO – 21.02.2022

Hello Hello!

During the weekend, I surfed the website of $BRK.B (Berkshire Hathaway Inc) and I came across the annual Letters to Shareholders from the legendary Warren Buffett. One particular letter to shareholders really inspired me - Letters to Shareholders for Year 2008.

KEEP CASH

Bearing in mind that back in year 2008, it was the year of 2007/2008 financial crisis (the subprime meltdown). In his Letter to Shareholders 2008, Buffett said that:-

“To fund these large purchases, I had to sell portions of some holdings that I would have preferred to keep (primarily Johnson & Johnson, Procter & Gamble and ConocoPhillips). However, I have pledged – to you, the rating agencies and myself – to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow’s obligations. When forced to choose, I will not trade even a night’s sleep for the chance of extra profits.”

We can see from the above that Buffett was not being conservative during that time but he always had had a margin of safety in cash to deploy when he thinks the time is right. The history of Berkshire has proven that he was right. During the market meltdown and recession of that period Buffett was buying, using cash to help make a spate of great deals. He gobbled up preferred shares in company like Goldman Sachs and made the largest ever acquisition in the $26.7 billion acquisition of the Burlington Northern Santa Fe railroad.

However, lately Buffett struggled to find reasonable deals and acquisitions in order to deploy his huge pile of cash. But it does not really matter, does it? He once said:-

“The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot. And if people are yelling, ‘Swing, you bum!,’ ignore them.”

“What’s nice about investing is you don’t have to swing at pitches. You can watch pitches come in one inch above or one inch below your navel and you don’t have to swing. No umpire is going to call you out.You can wait for the pitch you want.”

He is right. But, not everyone wants to wait for the right swing.

PERFORMANCE

As of today, this month our portfolio is down 3.57% due to a lot of market volatility. Overall, my portfolio performance currently is still on the uptrend since its inception in May 2020.

Stay safe.

MNMLH

21.02.2022

TAKE NOTICE that the above memo is by no means a recommendation or a solicitation or expression of views to influence you to buy or sell any stocks. The above memo is just my sharing on what I am doing with my portfolio and my thoughts along my investment journey since May 2020 for my future records and reflection usage.

[BOOK] THE PSYCHOLOGY OF MONEY by Morgan Housel

THE PSYCHOLOGY OF MONEY by Morgan Housel

One of the best books I have ever read about MONEY!

[INVESTMENT] Charlie Munger: Why I went all in ALIBABA Stock? [YoutubTube Video: ]

  Charlie Munger: Why I went all in ALIBABA Stock?

 

[TRAVEL] Kota Kinabalu & Kundasang, Sabah - Tripartite Bar Games 沙巴 亚庇 。昆达山 2019

[Vlog] Kota Kinabalu & Kundasang, Sabah - Tripartite Bar Games 沙巴 亚庇。昆达山 2019 

All videos were filed with Apple iphone 6S plus --------------------------------------------------------------------------------------- 

 Music： Lo Fi 1 04 by knifeparty from Pixabay

[INVESTMENT] MEMO - 09.02.2022

Hello everyone. Today is the 9th day of Lunar New Year (正月初九）. On this day, it would be the ritual or celebration known to the Chinese Hokkiens as “拜天公”, which literally means “praying the Heavenly God”.

The ritual or celebration are so delicate that all of the setup, the offerings, the food preparation have to be carefully done and it also involves a lot of manpower and visually unique.

For those who celebrate, Happy 正月初九!

MARKET

Like I said before, for the past few weeks, volatility in the market for is expected. 

During an interview in “The David Rubenstein Show: Peer-to-Peer Conversations”, Ray Dalio explained the recent market selloff as follows:-

“What's happened is they produced a lot of debt and gave out a lot of money and so everybody's got money and it's also very easy to borrow money to buy things and as a result, if you create much more buying power than you create goods and services, you've got a lot much more inflation and the federal reserve has been behind the curve slower to tighten monetary policy and as a result we're now starting to see the rise in interest rates….. interest rate goes up a percent that means all the other assets have to adjust we're in a process of making that kind of adjustment...”

Nevertheless, I remain cautious given ongoing market challenges and global uncertainties (COVID-19 and geopolitical tension). I do not expect the market to return to pre-pandemic conditions anytime soon and foresee that commodity and energy prices will remain inflated moving forward. 

Year 2022 was undoubtedly difficult in many aspects, yet I believe we have emerged in some ways even stronger than before thanks to the strategy of diversification.

PERFORMANCE

Due to the volatility of the market, tech stock like $FB (Meta Platforms Inc),  which I am holding is plunging more than 20%.  $GOOG (Alphabet)  is the only stock that I am very satisfied with due to its satisfactory earnings.

Overall, my portfolio performance currently is still on the uptrend since its inception in May 2020.

Stay safe.

MNMLH

09.02.2022

TAKE NOTICE that the above memo is by no means a recommendation or a solicitation or expression of views to influence you to buy or sell any stocks. The above memo is just my sharing on what I am doing with my portfolio and my thoughts along my investment journey since May 2020 for my future records and reflection usage.

[INVESTMENT] MEMO - 20.01.2022

Happy New Year, everyone! Time is flying fast. With a blink of an eye, 19 months have passed since I started my international portfolio with eToro here in May 2020.

REFLECTING

Some reflections should be done (in questioning my investing decisions) for a better future. Investment return for my international portfolio here in eToro for year 2021 is not as good as year 2020. 

What’s the main reason? I think the main reasons were due to the technology stocks selldown in the U.S. and the Chinese regulatory changes targeting tech companies in mainland China. As I have been holding substantially in $BABA (Alibaba) $0700.HK (Tencent) $03690.HK (Meituan Class B) and $2318.HK (Ping An Insurance), there is no surprise that my international portfolio is affected.

Having said that, I had made some adjustment along the way and I am quite satisfied with the result of 9.84% investment return for year 2021 (whereas year 2020 the investment return was 24.20%).

INSECURITY

COVID-19 news are still haunting us daily. Most cities are still banning or, at the very least, imposing traveling restrictions on movement and tracing. Moving forward in year 2022, my insecurity mostly derive from (1) INFLATION and (2) COVID-19 VARIANT.

INFLATION

According to a news report of CNBC, inflation rises 7% over the past year, it is the highest since 1982. Such inflation rate of 7% and if it shows no sign of stopping, it may give a lot of pressure to or trigger the Fed to to have interest rate hiking cycle. Then more volatility in the market for 2022.

OMICRON

Omicron variant form Covid-19 quickly became the main global anxiety as infections spread across the globe. The World Health Organization said that the pandemic will not end as the omicron variant subsides in some countries. WHO further warned that the high numbers of infection will likely lead to new variant. It is clear that this pandemic is nowhere near over and uncertainty will continue looming.

NEW YEAR AGENDA

I want to tick all my new year agenda, which includes increasing my reading hours and materials to improve my career and investment skills. 

Always stick to my VISION and my investment PHILOSOPHY, which I shall reproduce below:-

Vision

1. Holding quality business for long term for a sustainable future. 

2. Creating value for company and society.

Philosophy and Strategy

1. Invest in businesses that we can comfortably understand. 

2. Invest in businesses that are reasonably valued. 

3. Invest in businesses that are consistent in generating dividends. 

4. Focus on the underlying business fundamental. 

～通往财务自由的心力路程～

PERFORMANCE

“A picture speaks a thousand words.”

My performance for the past 21 months.

My TOP 5 performance stocks

My BOTTOM 5 performance stocks/counter

Overall, my portfolio performance currently in the uptrend since its inception in May 2020.

The coming 1st of February 2022 will be Chinese Lunar New Year. To those who celebrate Lunar New Year, like me, HAPPY LUNAR NEW YEAR 2022. The year of tiger.

Stay safe.

MNMLH
20.01.2022

TAKE NOTICE that the above memo is by no means a recommendation or a solicitation or expression of views to influence you to buy or sell any stocks. The above memo is just my sharing on what I am doing with my portfolio and my thoughts along my investment journey since May 2020 for my future records and reflection usage.