September was an interesting month for my portfolio. I experienced a few firsts, and I have got to say that being new in investing helps with being more cautious and less complacent about my decisions.
For the first time, I have experienced a 2-digit percentage point drop in my position with ComfortDelgro stock and learned how to deal with seeing red in my portfolio. I’ve learned how the public is efficient to news and how they react to it, and how news is also insanely efficient in delivering it to the public. I’ve also started to see CDG’s stock price recover towards the end of the month after much pessimism has been over because of its somewhat “depressed” price.
I wasn’t as emotional as I thought I would be, and in fact, seeing it go down made me more excited than afraid (and vice versa). I also kinda know now what it means when Mark Cuban said that diversification is for idiots. Whenever I choose to buy a stock, it should be heavily integrated in my mind before hand that I know what the heck I am doing, I’ve done the necessary research, and my decision is as sound as it gets.
In other words, if you truly believe that something is going to work, then why not put 100% of your effort (and money, in this case) into it? Just like how start-ups and family businesses do. And how Warren Buffett only has 1 stock in his portfolio, a.k.a Berkshire Hathaway.
If I’m not sure why I even bought the stock in the first place, it’s better that I mitigate any risk as much as I can, and what better way to do that than to diversify?
Then again, I’ll have to admit that I still don’t really know what the heck I am doing. :p Therefore I would have to diversify.
…which brings me to the next first – I’ve purchased some shares in Tat Seng Packaging using my DBS Vickers account which is having an ongoing promotion right now. I’ll probably do a separate post for the analysis of it. A one-sentence summarized version of that post would be “strong balance sheets, very little debt and decent dividend yield“. Stay tuned if you’re interested.
On a side note, I’m thinking of updating my “About” page. I think it would be nice for my readers to get a glimpse of me in a more personal way. More details coming up on why I am the way that I am, and my general philosophy about money. Yes, I am getting more sophisticated now (or I’m at least trying to be). :p
AIMSAMP Cap Industrial REIT – 1.73% ($92.50)
YTD Dividends collected: $339.39
Thanks for reading!
Miss Niao xoxo