ThumbTack Fund Report 21 – Getting Walloped By The Markets
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
1w ago
I’m taking an ass beating from Mr Market of late. After what was prob 1 of the greatest start to the year (https://thumbtackinvestor.wordpress.com/2024/01/16/thumbtack-fund-report-20-500k-usd-in-2-weeks/), TTF has lost all the stellar gains, and more, all in the span of 1 month. My troubles started literally right after CNY, and since then, what can go wrong, has gone wrong, what cannot go wrong, has also gone wrong and what is already wrong, has gone more wrong. Here are the numbers: 2024 (YTD): SPY: +8.31% VT: +6.37% STI: -3.29% TTF: -4.99% SINCE INCEPTION (FEB 2020), ANNUALIZED: SPY: +13.9 ..read more
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ThumbTack Fund Report 20 – $500k USD in 2 weeks!
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
2M ago
I know title sounds like it’s click bait, but it’s not. Specifically, TTF AUM grew USD 492,647 in the 2 weeks since we started 2024, entirely from capital gains. I wasn’t expecting to do an update so soon, but TTF really ploughed through some of the milestones that I thought would take many more months to accomplish. Mostly due to 2 concentrated moves that I made at the end of Dec 2023. More on that later… 2024 (YTD): SPY: +0.29% VT: -0.40% STI: -1.50% TTF: +15.23% SINCE INCEPTION (FEB 2020), ANNUALIZED: SPY: +12.28% VT: +8.83% STI: +0.30% TTF: +29.19% Note: Returns are MWRs, all figures in ..read more
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ThumbTack Fund Report 19 – Macro Thoughts For 2024
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
3M ago
Warning: Photo intensive post 2023 has been very kind and generous to me. In almost all aspects of life. I really can’t complain. It’s like 1 of the most fulfilling, fun, smooth sailing years that I can remember in recent times. Worked hard, played even harder. Accumulated successes and memories, added to both knowledge and experience, grown smarter, sharper, wiser. Everything really just went well. I would’ve no issue with every year being like this for the rest of my life. FULL YEAR 2023: SPY: +26.19% VT: +22.02% STI: -0.34% TTF: +33.81% SINCE INCEPTION (FEB 2020), ANNUALIZED: SPY: +12.33 ..read more
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ThumbTack Fund Report 17 – Flavors Of Ceylon
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
10M ago
Warning: Picture intensive post ahead I took my family, in-laws included, on a 10 day holiday to Sri Lanka recently. This was my 77th overseas trip that I have documented, excluding all the travelling done as a kid, before digital cameras were a thing. Which sounds like a lot, considering I’ve existed for only 41 yrs. Anyway, in those days, we didn’t get to do much travelling as money was tight. The furthest and fondest memory I had was going to Bangkok by coach. Yes, by coach. Like I said, money was tight then. And budget airlines were also not a thing yet. So now, as an adult, I’m doing reve ..read more
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ThumbTack Fund Report 16 – Caught A Falling Knife
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
1y ago
I caught a falling knife. And oh boy, does it hurt. Recently, banks and financial institutions have been dropping like flies, and my itchy fingers decided to catch 1 such sharp knife, right on it’s blade : Silvergate Capital (SI) This story probably needs no describing: news of Silvergate’s demise has been plastered all over the media, and in fact, SI’s collapse is really, 1 of the preceding factors that triggered stresses in the other banks. For the record, I ain’t no crypto rambling bro that bought into SI when the share price was > $100, held onto it, and got caught up in SI’s collapse ..read more
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“Seeking To Improve The Art Of Money Management Within The Science Of Probability”
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
1y ago
“Seeking To Improve The Art Of Money Management Within The Science Of Probability” Wow. I wish I could come up with stuff like that man. Sharing this insightful video interview for my readers to watch and hopefully, glean some insights: For me, the key takeaway message here is similar to what Warren Buffett said: From 2000 to 2009, during Asia Genesis’ 1st run, it generated annualized returns of net 18.7%. We have to remember that this period of time included the dotcom bubble burst of the 2000, as well as the GFC in 2007/2008. Following closure of his fund, Soon Hock continued to manage his ..read more
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A Day In The Life Of TTI – Saturday Edition
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
1y ago
You guys have no idea how often I get asked non-investing questions about my schedule, so here’s TTI’s life on a Sat, coupled with some exciting commentary to entertain you. 7AM: RISE AND SHINE 8AM – 1PM: WORK Yes, I work on Saturdays. Actually, some Sundays too, if there’s nothing recreational that I have on. My wife jokes that our helper gets more off days than me, which is true. Unlike most employees who are on a 5 day work week now (and there’s talk of a 4 day one), I don’t fit the mold of most people. No, I don’t feel angsty, neither do I feel that I lack “work life balance”, and neither ..read more
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THUMBTACK FUND REPORT 15 – “Target Acquired, PROTON CANNON!!”
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
1y ago
“TTI summons a gigantic repulsor cannon and mounts it on his shoulder. He then proceeds to fire off an enormous beam directly in front of him.” YTD 2023: SPY: +3.65% VT: +4.10% STI: +0.95% TTF: +31.35% SINCE INCEPTION (FEB 2020), ANNUALIZED: SPY: +8.76% VT: +6.01% STI: +1.31% TTF: +35.35% Note: Returns are MWRs, all figures in USD TTF’s NAV: USD 2,861,047.86 Deposits/Withdrawals: USD 1,718,313.36 Nett capital gains since inception: USD 1,142,734.50 For reference, the last fund report: https://thumbtackinvestor.wordpress.com/2023/01/23/thumbtack-fund-report-14-huat-is-your-return/ Since TTF ..read more
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ThumbTack Fund Report 14 – “Huat Is Your Return”
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
1y ago
That is literally what my wife texted me yesterday. I didn’t know if it was a question or a statement. No punctuation at the end. Or maybe it was a CNY blessing disguised with a word play. So I replied with a “” And she followed up with “?????” So yeah, now I know she really just wanted to know. No intelligent word plays, it was a genuine question with a typo. Anyway, just to illustrate how disconnected my wife is, I asked her, do u know if the US markets were in the green or the red for 2022? And she replied confidently: “Definitely green. Correct?” CNY is 1 of the very few times in the year ..read more
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I Lost $620k From Just 2 Holdings In 2022!
SG ThumbTack Investor - CONTRARIAN, DEEP VALUE INVESTING IDEAS
by ThumbTackInvestor
1y ago
This is not click bait, I really did. Sort of. Decembers are when I make plans for the upcoming new year, thinking about where to find new organic growth for the upcoming year. Januarys are when I reflect on the previous year, and do a bit of data analysis on what went wrong and how to improve my portfolio’s “defence”. I have several small, negligible mistakes in 2022, and I don’t think much can be gleaned from those. I already know what went wrong, and anyway, many times, the results are not reflective of some error. Small “mistakes” may not even be a mistake, and the same action and thought ..read more
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