I am not a gambler. I am not good at taking risk.
In August 2015, I bought some units in a unit trust – JP Morgan Europe Dynamic Fund. It is a fund that invests in equities of European companies (from UK, Germany, France and others).
The price per unit was S$10.96 in August 2015 when I bought in.
One year later on 24 June 2016, UK voted to exit European Union (Brexit). The global stock markets lost US$2 trillion the next day.
I sold off JP Morgan Europe Dynamic Fund at S$10.50, losing about 6.6% in July 2016.
Now another year later in 2017, the same fund is at S$12.67 per unit. If I had held on to the investment, it would reap a profit of 12.7% instead of loss I made.
2016 was all about worries of Brexit and risks in investments in Europe. 2017 is better for global stocks. I did not see that back in 2016.
This is with hindsight. I rather rest easy thinking that I had limited my potential loss in investments back in 2016. I cannot look backward and bemoan I missed the opportunity to make more money. What was done is done.
Copyright © 2017, limkimtong for Living Investment
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