Flickr image "Temasek Top" by Singapor3
I’ve done some rationalisation of my equity portfolio and realised that at least for calendar year 2008, I actually beat Temasek holdings -$40 billion losses.
My calendar 2008 realised returns were around 4%+ and mark-to-market (paper) losses as at 31 December 2008 were around -55%.
My 2009 calendar year to date realised returns are -2.9% with a mark-to-market paper gains of 12.13%.
So I’ve managed to out-perform a sovereign wealth fund even though my total net worth is possibly not even 1 month’s wage for the CEO (whoever it is) of Temasek Holdings.
What does that say about the performance of people who are paid plenty of money to outperform their benchmarks full-time compared to a hobbyist like me who has a regular 9 to 5 job while managing my own equity portfolio?
Of course, the common refrain is “LONG TERM” but I’m not sure why equities in some US and UK financials by Temasek were bought and sold within 1 year at great losses when the overall approach is “LONG TERM”.
Did your equity or investment portfolio outperform Temasek for 2008 or 2009?
Be well and prosper.
Everlearning says:
Hi Panzer,
Nothing said now can be justified for the losses made by the companies that manage the SWF for the people of the country. The drastic turns of events of how the investments made in and out within a short span of time is puzzling to me.
I started out last September to invest in equity market and have been collecting dividends throughout this period of time. The values of my stocks have appreciated recently and continue to give out dividends this year as well. Although, less dividends were given out they still beat the interest earned from the banks.
This financial crisis has taught me many lessons. One thing for sure is that I should take charge of my financial management. Leaving them in the hands of financial institutions could turn out to be devastating. All I ask is to get a decent returns from my investments but it may not be that simple.
Panzer says:
Dear Everlearning
Congrats on your own investment returns.
Be well and prosper!
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