2018 Investment Takeaways

1. Portfolio value was down by 5%. 
2. Both market and portfolio volatility were very high. At the trough, unrealized portfolio loss were as high as 15% to 20%.
3. Trade tension between US and China was a critical determinant on market movement. Luckily, none of the positions was subject directly to the US-China trade tariff threat.
4. Portfolio turnover was at record high, as a result of too many market timing trades.
5. Unrealized loss of three positions ranged from 20% to 68%. This was mitigated by contribution from two major profit makers and a dividend yield of 2%.