STE's Stocks Investing Journey

image credit to equitymaster.com Finally, I have completely sold all my remaining share of M1 at lost of -$14,226.78 , while some might still waiting or hoping for a better counter-offer from another major shareholder. Yes, it is a negative XIRR of -5.5% after close to 4 years of investing. Have to admit that I have underestimated the impact of "regulatory risk " after the government announced the new permit for 4th Telco and the subsequent disruption from severe "price war" not even the start of operation of 4th Telco.  The share price of all the Telco dropped by more than 40-50% from the peak since after the announcement of possible 4th telco in 2015 and confirmation of successful bidding of NESA from TPG Telecom of Australia in Dec 2016.

When Alpha Becomes Beta What is Alpha? The concept explains: ( From Investopedia ) As a measure of   performance   on a risk-adjusted basis. Alpha, often considered the   active return on an investment, gauges the performance of an investment against a   market index   used as a   benchmark since they are often considered to represent the   market’s   movement as a whole. The   excess returns   of a fund   relative to the   return   of a benchmark   index are the fund's alpha.