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Confessions of Past Deeds
In early 2020, during the start of the COVID-19 pandemic, I decided to shift my trading to 100% cash. At the time, I was hesitant to invest in the stock market due to the fear and uncertainty surrounding the pandemic. However, in early March of that year, the market began to recover, and I saw an opportunity to invest in high-quality companies that had been heavily sold down.

I took a contrarian approach and invested in companies that had strong financials, competitive advantages, and a proven track record of paying dividends. I believed that these companies would be resilient and adapt to the new reality of the pandemic and that their long-term growth prospects would not be significantly impacted. To recap, I didn't buy those positions until there was a clear sign of recovery, and I sold them at the first sign of stagnation after a significant rise.

Looking back, I'm glad that I took that approach
While no company is immune to market downturns, investing in fundamentally sound companies helped mitigate some of the risks associated with my early investing mantra. I learned that it's important to stay informed, think long-term, and have conviction in my investment decisions.

This time my investment strategy is a little different
My recent investment strategy was based on the Chinese proverb "The best time to plant a tree was 20 years ago, and the second-best time is now." I believed that it was never too late to start investing and that the value of my investments would grow over time and pay handsome dividends along the way providing a liveable wage.

Today
I'm investing in companies that meet my criteria, and I'm confident that my portfolio will continue to grow over time. The lessons I learned from my experience in 2020 have helped me become a better investor, and I'm grateful for the opportunity to share my story with others.

Skate.

<blockquote data-quote="Skate" data-source="post: 1255578" data-attributes="member: 57364">Confessions of Past DeedsIn early 2020, during the start of the COVID-19 pandemic, I decided to shift my trading to 100% cash. At the time, I was hesitant to invest in the stock market due to the fear and uncertainty surrounding the pandemic. However, in early March of that year, the market began to recover, and I saw an opportunity to invest in high-quality companies that had been heavily sold down.I took a contrarian approach and invested in companies that had strong financials, competitive advantages, and a proven track record of paying dividends. I believed that these companies would be resilient and adapt to the new reality of the pandemic and that their long-term growth prospects would not be significantly impacted. To recap, I didn&#039;t buy those positions until there was a clear sign of recovery, and I sold them at the first sign of stagnation after a significant rise.&nbsp;Looking back, I&#039;m glad that I took that approachWhile no company is immune to market downturns, investing in fundamentally sound companies helped mitigate some of the risks associated with my early investing mantra. I learned that it&#039;s important to stay informed, think long-term, and have conviction in my investment decisions.This time my investment strategy is a little differentMy recent investment strategy was based on the Chinese proverb &quot;The best time to plant a tree was 20 years ago, and the second-best time is now.&quot; I believed that it was never too late to start investing and that the value of my investments would grow over time and pay handsome dividends along the way providing a liveable wage.TodayI&#039;m investing in companies that meet my criteria, and I&#039;m confident that my portfolio will continue to grow over time. The lessons I learned from my experience in 2020 have helped me become a better investor, and I&#039;m grateful for the opportunity to share my story with others.Skate.</blockquote>

[QUOTE="Skate, post: 1255578, member: 57364"] [B]Confessions of Past Deeds[/B] In early 2020, during the start of the COVID-19 pandemic, I decided to shift my trading to 100% cash. At the time, I was hesitant to invest in the stock market due to the fear and uncertainty surrounding the pandemic. However, in early March of that year, the market began to recover, and I saw an opportunity to invest in high-quality companies that had been heavily sold down. I took a contrarian approach and invested in companies that had strong financials, competitive advantages, and a proven track record of paying dividends. I believed that these companies would be resilient and adapt to the new reality of the pandemic and that their long-term growth prospects would not be significantly impacted. To recap, I didn't buy those positions until there was a clear sign of recovery, and I sold them at the first sign of stagnation after a significant rise. [B]Looking back, I'm glad that I took that approach[/B] While no company is immune to market downturns, investing in fundamentally sound companies helped mitigate some of the risks associated with my early investing mantra. I learned that it's important to stay informed, think long-term, and have conviction in my investment decisions. [B]This time my investment strategy is a little different[/B] My recent investment strategy was based on the Chinese proverb "The best time to plant a tree was 20 years ago, and the second-best time is now." I believed that it was never too late to start investing and that the value of my investments would grow over time and pay handsome dividends along the way providing a liveable wage. [B]Today[/B] I'm investing in companies that meet my criteria, and I'm confident that my portfolio will continue to grow over time. The lessons I learned from my experience in 2020 have helped me become a better investor, and I'm grateful for the opportunity to share my story with others. Skate. [/QUOTE]

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