Event wrap-up: Sharesight customer celebration

We would like to thank everyone who attended our customer celebration event in Sydney this month, where we gathered to hear insights from a diverse panel of investors, preview some of Sharesight’s upcoming features and talk about all things investing. It was a great opportunity for us to get to know some of our most loyal customers and hear all of your excellent feedback. We are definitely looking forward to hosting more in-person events in the future, so watch this space!

For those who were unable to attend, here is a short summary of some of the topics discussed by our panellists.

Left to right: Moderator Prashant Mohan, Chief Marketing Officer at Sharesight, and panellists Goronwy Price, Queenie Tan and Zina Kaye.

Panellists

• Goronwy Price, intermediate-advanced investor and retiree who focuses on growth investing.

• Queenie Tan, young investor and finfluencer with a mixed-asset portfolio.

• Zina Kaye, business owner and investor who trades auctions and futures.

What investing lessons have you learned and what advice would you give to beginner investors?

Goronwy: Buy when you least feel like buying. Essentially, buy investments on the bad days in the market. Also, one mistake I’ve made in the past is trying to buy stocks when their price is falling. In this case, you should always be wary.

Queenie: As a new investor, making mistakes is not necessarily a bad thing. The most important thing is to learn from your mistakes.

Zina: Don’t underestimate the importance of rotation in your portfolio. For example, consider how investors’ preferences shifted from last November to this November – from tech stocks into commodities and energy stocks.

What are some investing principles you subscribe to and why?

Goronwy: The market is not stupid – it prices investments according to their risk levels. When I’m buying stocks, I also consider the growth potential of the idea, and I consider whether the company has a good CEO or not.

Queenie: Before you make an investment, know your preferred time horizon and risk profile.

Zina: When considering an investment, I believe in examining the narrative vs. the supply and demand. There are growth narratives and stock narratives. In terms of supply and demand, you might want to look at something like demography, for example. If there is a declining birth rate, how does that impact supply and demand? Which industries are impacted? Also be sure to look for commentary and counter-commentary when looking into a particular investment.

Tell us about your approach to managing portfolio risk. Is asset allocation an important part of your strategy?

Goronwy: I manage risk by having a lot of stocks in my portfolio, although it is heavily weighted towards tech and biotech. I like that Sharesight gives you your compound annual return. It’s important to compare your returns to the index and if you’re unsure whether a downtrend in your performance is going to continue, look at your returns through time.

Queenie: I do believe investors should always be aware of the risk profile of the stocks in their portfolio. Personally, my portfolio consists of a mixture of safe and speculative assets. My more ‘speculative’ assets tend to have higher volatility and include things like crypto.

Zina: For me it’s about managing drawdowns depending on my preferred time horizon for each of my investments.

Any bold predictions for 2023?

Goronwy: I think we will find the solutions to some of the world’s problems in 2023. There will be many setbacks in the market but we need to stay optimistic.

Queenie: I think the EV market could become more prominent in 2023. We could be seeing new technologies and new companies. Hydrogen could also be the commodity to watch in 2023.

Zina: I see real estate investment trusts (REITs) being revaluated (downwards) in 2023.

Which tools do you use for your investment research?

Goronwy: I look at company announcements. I also look for other opinions and read as much as I can in order to make an informed decision. You might come across conflicting opinions, so you just have to choose who to listen to.

Queenie: I mainly use Sharesight and Simply Wall St for my research.

Zeena: Price and volume can tell you a lot. I also look to podcasts, twitter, Bloomberg, The Financial Times, Seeking Alpha, and some newsletters.

Make better investment decisions with Sharesight

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• Track all your investments in one place, including stocks in over 40 major global markets, mutual/managed funds, property, and even cryptocurrency

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FURTHER READING

• 6 key metrics every dividend investor must track

• How I make the most of all my Sharesight portfolios

• 7 reasons to upgrade your Sharesight account