Category: Finances

Hi RIP readers, this is Part 2-TER of my 2020 Q4 Update.

I’ve published 3 posts so far in this infinite 2020 Q4 review:
– Part 1 is about income, expenses, net worth and a few financial facts.
– Part 2 is about my 2020 investment analysis, and my 2021 investing plans.
– Part 2-BIS is a long Q&A about Part 2, since I received a few dozens comments and personal messages.

Part 2-TER (this post) is my public reply to a personal email that my dear friend Julianek (Value Investor, moderator of MP Forum, member of my Zurich Mastermind Group) sent to me again about Part 2, about my market analysis and investment strategy.

It’s so good that I asked him permission to make it public, and he gently agreed 🙂

This is last post about my investing strategy (for now), promised! I appreciate your amazing feedback, and all the homework you assigned to me 🙂 but I want to move on. 

As reader MrWHDY said in my last post:
– “Money should have been a tool for you to reach freedom and it is now taking over your brain. How much energy has it already drained?”

[Amazing comment. Another cold shower. I’ll take time to craft a proper reply. Thank you MrWHDY]

On the same subject, I think I’m no more able to keep up with all of your comments on my previous posts. I read them all, but I might not be able to write a proper answer to each one of them. It’s becoming a full time job on its own.

Next post will finally be Part 3, about personal and blog updates, with new projects, ideas, plans and bla bla bla 🙂

Let’s get started!

What follows is Julianek email, verbatim, and then my public response.

Enjoy!

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Hi RIP readers, this is Part 2-BIS of 2020 Q4 Update (here is Part 1, here is Part 2).

Last Friday I’ve published Part 2 of 2020 Q4 update, which is still missing a Part 3 about personal and blog updates, hopefully seeing the light before the end of January.

Part 2 covered my 2020 investment actions and performance, and more importantly my 2021 investing plans.

I’ve published this very long post on Friday afternoon, before a busy weekend with no time to catch up with comments and personal messages. I’ve received a lot of them. I thank you all!

I’m writing this post as a collective answer to the (mostly constructive) criticism, to your questions, and a feedback on your recommendations.

Two things before we start:
– Thank you for your feedback. I really appreciate you spending your time to leave me a feedback.
– Please, comment my posts using English Language. The language of the blog is English (RIP slang 😀 ). If you can read it, please make the effort to write your comments in English. I accept (I prefer, actually) Italian language for mail or private messages on Social Media (Twitter, Facebook, Reddit), but I prefer English comments on my blog posts. Some of the comments in Italian language are very good, and they add a lot to the conversation. Using a language only 1% of he world population can handle isn’t inclusive enough for my standards.

Having said that, let’s get started!

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Hi RIP readers, this is Part 2 of 2020 Q4 Update (here is Part 1).

Today I’m going to expand the “Investments – Analysis, Actions, and Plans” section left empty in my previous post. I’m going to share my beliefs, my fears, my decision making process, and will commit to some actions in order to get back into a “sane” asset allocation as soon as possible.

I’m kind of rewriting my Investor Policy Statement today.

Mind that this post is very long (8k+ words), and superficially edited. 

It’s not just a stream of consciousness, because there’s some deep ETF research, thought process, behavioral analysis, rational decision making, and more. 

I started writing this post without an outline (I never do), and without knowing what the conclusions would have been. I used this post to clarify my thoughts, and that’s what writing does for me.

I don’t write because I have something to tell, I write because I have something to learn. And as a side effect I’m sharpening my thinking skills. Writing is amazing!

Enjoy!

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