Last week I sold the rest of my shares in Sinolink Holdings (HK:1168). I held the shares from November 2012 and with a few sales and purchases along the way, made a net profit of around 37%. This was a reasonably reasonably large position for me so the overall impact on the household net worth was a decent one. However, like all my recent sales, I sold too soon - I had held my entire position until today, the net profit would have been close to 60%. Oh well ....
I regret not following your advice on this one sir. I almost bought it for 0.56 early this year but changed my mind at the last minute:( thanks anyway for your tips
ReplyDeleteSince October 2014, 95% of everything I've sold is higher, sometimes by as much as another 100%. I guess the bull market is still intact. Still I believe a correction is coming soon, probably will be triggered by the impending Greek default.
ReplyDeleteThanks for the comments.
ReplyDeleteI did not play the boom and (possible) bust in the PRC market well. I sold many of my small caps either last year or the year before (and would have been much better off if I had held them and sold the Sinolink way to soon. Maybe retirement has made me too risk adverse.
Cheers
traineeinvestor
I have definitely become more risk adverse at investing since retiring in 2007 and living through 2008 great recession. Probably because it's harder to make up losses when there isn't a paycheck.
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