Year 2010 was a tricky year to navigate for the investment markets. The stock market performance had been disappointing coming from a positive 2009. It was the year when recovery supposed to take place but the real picture had been much trickier. We have persistence high unemployment and slow growth in US, the second European financial crisis and worries of high growth and inflation in Asia. Trying to guess which market will perform well became increasingly difficult as countries like China and India, which are performing too well in economic growth, had their stock market bruised from fears of inflation, along countries with abysmal growth rates. The big 4 BRIC nations (Brazil, Russia, China and India) had some of the worse performing stock markets despite experiencing rapid growth. The surprise comes from countries with relatively moderate growth rates like Korea, Taiwan, Thailand, Indonesia and Thailand.
Year 2010 was also a year which I had 9 months of forced sabbatical, which allowed me to catch up on my readings and reflect on the experience of my past 7 years as a financial adviser. It was also the time which I questioned the certain well known economic theories and changed the philosophy how I manage investments. I will put in more detail on the investment philosophy and how the philosophy is developed over time. It also gave me time to travel to Thailand and Shanghai to take a look at the growth and progress these nations made. The trip to Japan was a sharp contrast to these 2 countries, with a feeling of stagnation and cultural exclusiveness. However, I do like Japan’s advance seat warming, jet spitting and self flushing toilet bowls!
The Financial report will touch on the following areas:
1. The Investment Philosophy
2. World Economic Events of 2010
3. Reflection of 2010 Strategies
4. Prospect & Strategy for 2011
Attached is my Annual Investment Report. It is 16 page long at font 11… Before you start screaming at me asking why it is so long, this is because I feel that I need to spend a few pages summarizing my personal investment experience and philosophy. That part is good for investors who are just starting out on investing or have been investing on their own for a few years as I am sure you can find that some of the points that I make will be quite interesting.
If you wish to read about the real investment report, jump to page 8. I hope that you have a good time reading.Click on the link to download the 2mb document.
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