The S&P500 rebounded sharply last night, which means that my plan to invest my CPF in the Amundi Index MSCI World Fund is put on a hold.
A wasted opportunity? Not for me, as the plan focuses on shorter mid-term trades to capitalise on market downturns, rather than my typical long-term investments. I’m content to wait for compelling entry points that align with this strategy.
However, within my patient approach resides a more impulsive side. This internal dynamic came to the forefront last night when a sudden idea struck me, prompting me to make the following trades immediately.
To raise funds for the purchase of five other companies (primarily within the applications and software space), I divested two leaders in the semiconductor sector: ASML Holding (NASDAQ: AMSL) and NVIDIA Corp (NASDAQ: NVDA).
My preference for growth companies in applications and software drove this decision, rather than fundamental concerns.
I realised that I hadn’t dedicated the time to understand the recent results and outlooks for ASML or Nvidia. This is a stark contrast to my engagement with other portfolio companies, where I consistently track their progress and review their earnings call transcripts.
The recent sharp downturns in some of these other companies, particularly The Trade Desk (NASDAQ: TTD), have undoubtedly heightened my interest. My sense is that they are currently oversold, presenting a favourable opportunity to increase my positions.
So, am I impulsive or patient? Probably both, navigating the market with a strategic patience, occasionally punctuated by decisive action.
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