Then at the end of Y2019 realocated some funds from sale of TGT and put it to AUGA bonds and invested some additional funds into Baltic REIT fund – Baltic horizon and in XOM. This has significantly boosted or projected passive income and decreased cash reserve by approx. 3 kEUR. This is were I should have stoped and continue with my cash accumulation strategy.
After change of job I received 7k€ cash and things got out of hands 😦 First invested 1,5 k€ in BP and TKM, then another 1kEUR in RDSA, another 1kEUR in BPY and last 1kEUR in MO. In total 4,5kEUR during 1 month in January. If first purchases were more or less ok, last ones turned out to be worst timing possible. Now we have ~5 kEUR cash reserve, while we could have 12-13 kEUR. And worst part I could have bought more if I stick to my strategy 😦 Just look how my investments look after 1-2 month:
- XOM -28%
- RDSA -30%
- BP -20%
- MO -21%
- BPY -11%
I still think that these companies will do ok in L/T perspective. Its just that I could have bought 20-25% more with same 5 kEUR that was invested during the peak of the market. Now I don’t have spare capital to buy the dip and that was the main idea of my strategy in Y2019 😦
So lesson learned – stick to your strategy, no matter what is it either it is trying to time the market and buy the dips or do it regular and averaging the dollar.