Here is the scorecard for my 2021.
The last couple of months wasn’t nice to my portfolio, but overall I made money in the whole year. My portfolio’s total return went from 4% in 2019 to 23% in 2020, to 40% in 2021. It’s not much, but it’s honest work and I can’t say I am too disappointed. Can it be better? Absolutely.
I made some stupid mistakes with my portfolio. The first was to sell Costco. I love the business, but I was in need of some capital to invest in companies which, to me, had more potential for growth than Costco. I paid the price dearly as the stock went from $370 when I sold it back in April 2021 to $550 today. The second miss was Upstart. A good friend recommended to me when the stock was trading at $88 in January 2021. I didn’t jump on it for reasons that I still don’t fully understand. At the peak, the stock hit $390 or something and even though there was a big pull-back, I would have still made a healthy return. The third mistake is that I didn’t save enough cash on hand when the market dipped and presented great opportunity to buy.
I wrote about how Investing is hard. It really is. I am sure I will continue to make mistakes. I can’t promise that I won’t repeat the ones I made this year. What I do hope is to take my return to a new height. The good news is that I have compounding on my side.
Books I reviewed
I read in total 15 books this year. Not bad, but not a lot either. I’ll strive to read more in 2022. Below are some of my reviews:
Richer, Wiser, Happier: How The World’s Greatest Investors Win In Markets And Life. This is the best book I read in 2021.
I blogged less this year than I did in 2020. There were weeks when I only had one post, excluding the weekly reading series I always do on Saturdays, or when I didn’t write anything at all. One of the goals I have for 2022 is to increase the posting frequency while keeping the same level of quality. I am not saying that I am a good writer at all, but truth be told, what I wrote this year or in 2020 makes me cringe less than what I put out three years ago. So I’ll take that as progress and continue to work on myself as a writer. I wrote some time back about why I blog. It rang true then and it does ring true now. It helps me become a better person, a better professional and I still do enjoy the process. If you ever came across this little blog of mine and became a subscriber or left a like, you have my thanks.
My top 5 blog posts, besides the homepage:
2021 has been a very busy year for me at work. The pandemic has turned the team upside down with folks relocating to other cities or leaving for better opportunities. Though we tried to backfill the ones that left, the new arrivals have to take some time to acclimate to the team and the overall business. Meanwhile, the work just keeps coming. Existing business-as-usuals and new initiatives. Hence, I have had to shoulder more responsibilities and spent more time working outside the business hours more than I’d like to. But it’s not all bad news. I got promoted and had a chance to mentor interns and new teammates; which is one of the areas I really love to improve next year and beyond.
There are two main things that I want to do better in the future. The first is to sell better, whether it’s myself or my work. This year, several occasions showed me that while the work I did might be good, it didn’t come across as convincing to others as I was a lousy salesman. My self-assessment was echoed by a senior leader in the company, who was gracious enough to share his thought candidly. To be able to move up the ladder, I need to be more confident and communicate my ideas more effectively and better.
The second goal is to have a team to manage and more ownership of an entire project. I managed folks before, albeit briefly, and have been mentoring some people at work. Nonetheless, my goal in the first 2 or 3 years to have a team of my own so I can manage and lead. In addition, I don’t want just ownership of a project’s aspect. I want the ownership of an entire project that can help my company meaningfully.