On... 2018
T he good news is I beat the market in 2018 ( ASX200: -6.99%, Me: -2.94% including dividends ) . The bad news is I am way below my base case target ( Target: 10% CAGR ) . In order for me to achieve my base case target, my return next year would need to be circa 25%! This would be a tall order, especially given the market conditions. 2018 appears to be a bad time to start my investing journey . It is believed that the poor performance of the market this year is driven by the US - China trade war, Quantitative Tightening and interest rate increase by the Federal Reserves, Australian Banking Royal Commission and Brexit among other things. These are some of the macro views but I believe that the market does what it does and these explanations only come after the fact. These issues highlighted by analysts and economists does not come as a surprise and should largely already be priced in by the market. The best perform...