STE's Stocks Investing Journey

 Hi ! everyone, it’s time for my September 2025 portfolio and dividend update, as most of my HK/CHN stocks have already announced their 1st half 2025 results by the end of August, and I’m excited to share the latest developments in my investment journey. The markets have been a wild ride this year, with some pleasant surprises and a few sobering reminders of the need for patience. Before diving into the numbers, I want to take a moment to reflect on some timeless wisdom from one of my investment heroes, Howard Marks, whose latest memo, *The Calculus of Value*, offers a masterclass in navigating today’s lofty markets. After that, I’ll break down my portfolio performance, dividend updates, and some thoughts on the road ahead. Let’s get started!     Howard Marks and *The Calculus of Value*: A Lesson in Stock Valuation <Link>   I’ve always admired Howard Marks, the co-founder of Oaktree Capital, for his ability to distil and digest complex market dynamic...

Riding the Market Waves: Trump Tariffs and the Market Volatility Hi Everyone! It’s me again, it has been quite some time since the last update of my Portfolio in December 2024, and now maybe it's time to share my thoughts on the latest market rollercoaster. If you’ve been following the news or your portfolio’s ups and downs, you’ve probably felt the turbulence from the recent market rout sparked by Trump’s tariff liberation day . My portfolio’s been doing a bit of a yo-yo dance this year: up 11% early on, then down to -2% when the tariff war hit, and now rebounding slightly to +7%. It’s enough to make anyone’s head spin! But as I reflect on this, I’m reminded that this kind of volatility is just par for the course. Markets are chaotic, non-linear , and driven by sentiment, but for long-term investors like us, these dips are just noise in the grand scheme of the investing world. Let’s unpack what’s happening, why it’s not worth losing sleep over, and how we can position ourselves to...