Tuesday, September 18, 2018

Back in the saddle of investment

2016-2018 is best, and alas, the worst, of time.  Other than the "grand journey" to Mt Sierra, I put a few mils in BHC (the old Vealean) at $33 expecting a quick recovery to about $100, it did not happen.  It actually dropped to $11!!!!  Now is back to about $24, still not happy but it has some hopes.

Bought the ASHR in 2016 expecting the Chinese stock will double in a couple of years because the real estate investment in China has over-inflated the price.  Well, I did not expect the love for real estate is so strong and Trump will engage the trade war with China.  How pointless and sad.

Bright Spots

- google price has doubled over the same period of time.
- sold the Sonoma/Seaside property at $330 and doubled my money back
- bought Gonzalas property at 20% below market and receiving 7% return.

Now the kids are going to college, I should have more time to spend on investment.  Really not for the money, it is, just like Buffet said, for keeping scores.  My lifestyle is simple enough that anything over $200K per year is not going to make any difference.  But if I can $2M per year, that will be different ;)

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