What a roller coaster this Q1 2020 had been. Shortly after my previous post about my bonus letter, the stock market started to tumble – and by tumble I mean falling off a cliff! I was very tempted to buy in at the “dips”, but the negative news kept coming which pushed the markets even lower. In the end, except for my dollar-cost averaging strategy, I made zero transaction over this period.

As of today, I have lost about S$13,000 on paper. My gains over the past few years of investing have been completely wiped out and I am sitting on paper losses of about S$3,000. Had I panic sold at the recent bottom (before news of the US economic stimulus package was announced), I would have realised losses of about S$15,000.

My net worth as of Q1 2020 is S$132,000. Had the 2 black swan events not happened