Year 2014 Recap and moving forward in 2015

About a year and a half have passed since I started writing about investing strategies and I thought I could do a recap:

1. Asset Allocation. The most important factor out of the 3 that determines an investor's returns. The most basic being a combination of bonds and stocks. It is up to an individual's risk profile to decide what assets to buy, and percentage allocation to it. I also covered how to buy into different asset classes in Singapore. I implement this strategy through my Permanent Portfolio made up of US ETFs.
2. I touched on index investing in a few posts and how we shouldn't belittle the returns of investing regularly in STI ETF. This is a strategy even Warren Buffet encourages. I started accumulating STI ETF again in Dec 2014 after selling a portion of it earlier in the year, and plan to continue doing so in 2015.
3. Personally took on more risk in 2014 in exchange for higher returns by investing heavily in individual stocks. I had to make sure it is worth the effort and thus spent a great deal of time tracking my performance via
1. Money-weighted returns (a.k.a IRR)
2. Time-weighted returns (using Modified Dietz method)

Year	Time-weighted Returns	IRR
2013	7.8%	5.7%
2014	15.2%	15.6%

My Permanent Portfolio also has a cumulative IRR of around 6.5%, partly helped by the stronger US dollar. 

Going into the new year, I wish that my stock portfolio will continue outperforming the index and gives a long term average of 10-12% compounded annually.