Portfolio Update: Over $22,000 gain! (Almost 100% return!)

It’s hard to believe one month has already passed since the 2019 began… Anyway, my portfolio provided quite an amazing return in January. You can see that total dollar gain (realized + unrealized) is now over $22,000 and the cumulative time-weighted return is almost 100% now!

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Even after comparing with the market, you can see how well my portfolio played in the month of January.

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I can attribute the most of the out-performance to one stock: Kikukawa enterprise (Tokyo Stock Exchange: 6346). This was a classic value play. At the time of my stock purchase, the company had 1.5 time more cash than its market cap, while being profitable. I bought the stock at JPY2,250/share (it was actually JPY225/share that time but there was a reverse split thereafter). In January, the stock price shot up thanks to an exceptional business performance (4 times YoY earnings growth).

I sold the stocks at 7,990/share since the stock price caught up with its book value. Though it is a decent business. I decided to sell the stock since I just wasn’t sure how sustainable their growth was. The stock is still going up after I sold it but it’s ok, no point of being too greedy. I am content with the 200% return (about $8,000 realized gain) and the fact that my investment thesis nicely played out.

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Also, my all time favorite stupidly undervalued gold stock, Gran Colombia Gold (Toronto Stock Exchange: GCM) started to shine as the gold price has climbed. I see that the company has been working hard on IR promotion, I even saw an ads on Youtube recently! This is a potential 10-bagger or even a 100-bagger (if gold price shots up) for me and I will probably hold it dear for over next 10 years.

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On a side note, as my positions grew larger, I am increasingly taking a defensive position. My portfolio is now over 30% cash and I have some put options on SPX and GDX, hedging for both stock market and gold price downturn. I am planning keep my defensive positions until I see the next major market downturn (potentially S&P500 below 2,100). If the market keeps doing well, my portfolio may lag the market in near future; however, I’m ok with that. It’s better to be safe than sorry. Besides, I don’t need to always beat the market. I just need to find right stocks at right price.

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