Needless to say, the Omicron variant shook the entire world economy. What an eventful plot twist to end off the year. But what surprised me more was that the one interview by Moderna CEO managed to wipe out $2 trillion from the market. Sounds more powerful than Elon Musk's tweet.
Anyway, investors can see it going both ways; panic sell off or hold and accumulate. I probably go for the hold and accumulate option. But then again, it's a challenge to identify the fundamentally strong stocks that could stand the test of this volatile market movement. All businesses seem to be not confident about stepping up their game in this new wave of pandemic. As such I don't see a lot of buy-low and sell-high opportunities. It's either buy low and remain stagnant for who knows how long, rather.
Lucky for me the year end bonus comes in early. I am ready to start building my warchest. So total I should have $2000 from my own monies (technically it's what I owed my POEMS anyway), maybe around another $2000(?) from the bonus. So total 4k.
Based on my past experiences I always had the impulse to quickly pump whatever monies I have into any stock. This causes my judgement in stocks to be less than optimal and the impulse costs me my timing into the market. I try to be more disciplined and prioritise on the timing more than just dumping money in this time.
Update #1
Warchest: 4031.02
Dividend received YTD: 1441.02
Ending off the year with this post. And then.. To the start of Project D!