A great start to 2023!
Jan 11, 2023 7:01 am
Hey ,
Happy 2023! I just want to start the year by giving everyone and update on the Invest with Pete community and how you can benefit from it!
2022 has been a challenging year to say the least. Overall, I am happy that I lowered my equities exposure while increased my property allocation going into last year and that has turned out pretty well.
Thank you for being part of the Invest with Pete Community!
Property Investments
Last year, I also started to do 1-on-1 Property Consultation more actively as many of you asked for help! And I'm happy to help more than 60 families in their property portfolio and gaining more than $100million in property value!
To celebrate that, we held a Client Appreciation Lunch for those who bought or sold a property with my partner agents. We had a lot of good sharing and great fun during the Appreciation Lunch π
During lunch, I shared my insights into Property Market in 2023, price projections for Condos and HDBs and lastly, the top 2 new launches this year.
I also launched my Property Investing Course - Property with Pete (yes it's been very delayed) and there is pre-launch discount in the video if you are keen.
πHere is a video summary of my sharing that day
Once again, thank you for trusting us with your property portfolio! π
Stocks Investments
In 2022, SP500 fell 19.4% while NASDAQ fell 33%. However, it doesn't mean money can't be made during bear market.
How? It is through options. Mainly selling options and option spreads. My options portfolio was up 21% so that helped to cushion the rest of the portfolio.
How will 2023 be? I am still quite optimistic because the economic data, while has weakened, is not too damning and Fed has shown some signs of slow pivot (Although I thought they should just tighten just a bit longer)
So for 2023, with prices coming down steadily, I will be actively looking for good prices in good companies. I will share more of that on my Telegram channel and for those of you who are in OM Mentorship, definitely watch out for more updates this year.
I will also continue to teach Options Investing at Next Level. In fact, we have a class this weekend! So for those of you who are new to options and would like to add to your portfolio, do join us here.
As for those who invested in my Truffle Portfolio, I will be sending out the start of year letter soon! The main gist is "The main strategy of buying profitable and strong businesses doesn't change, we will not chase hype but we chase long term returns". More on that in the newsletter.
Meanwhile have a great 2023 and Happy Lunar New Year to all! More exciting deals to come in 2023! ππ
Regards,
Pete