Kok Weng Tang @coolingman: "Hello to all copiers. It..."

Malaysia

Hello to all copiers. It has been quite a while since we last communicated. If you have some time, I hope you can read through this post. The market has been quite volatile over the past few trading days, so I feel it’s necessary for me to come out and say a few words to give everyone a clearer understanding of my current situation and my upcoming investment plan. =============================== First, the good news is that my position in $OXY (Occidental Petroleum Corp) has performed very well. The bad news is that it only represents about 0.5% of my portfolio. Sometimes I really have to admire Warren Buffett for continuing to hold it recently. Do you still remember how poorly the oil sector performed when tech stocks were surging about six months ago? I’m increasingly realizing the importance of diversification in a portfolio. Fortunately, I recognized this early and had already included utilities and ICBC in my portfolio. ================================= Second, my next targets are $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR), $META (Meta Platforms Inc), $MSFT (Microsoft), and $NVDA. However, my approach to buying will remain relatively conservative, and I will not buy too frequently. Currently, aside from VOO and QQQ, my direct exposure to the technology sector is around 27%, while non-technology sectors account for about 30%. If the market continues to decline, I will gradually allocate more cash into the technology sector. =============================== Third, the market is not a harvest year every single year. Many traders have been profitable for the past three years and may have forgotten about risk. My view remains the same: surviving during bad market conditions is more important than anything else. Likewise, I would like to encourage copiers who are currently experiencing losses. Copying a popular investor’s portfolio follows the same principle as buying stocks. As long as you truly understand and believe in the investor, you should consider increasing your copy amount during market downturns, rather than stopping the copy. Unless the investor’s portfolio has a very low correlation with the market, it is normal and reasonable for their portfolio to decline when the market falls as well (this is a normal and reasonable R-squared relationship). There is no need to panic. ================================ Finally, I have registered for the CISI Level 3 exam, and I hope everything goes well in next month’s test. If I pass the exam, I plan to inject more capital into the eToro platform. At that time, I may close some smaller positions and reopen them so that more copiers can fully replicate my portfolio allocations.