June (H1) 2018 – Portfolio Updates

What a crazy ride 2018 was for the stock market! Since the massive bull run in 2017, Mr Market has decided to be humble and come back down to Planet Earth. My portfolio has also under-performed the STI by some margin.

I pulled out some numbers from my blog to do a comparison:

January: STI ETF @ 4.14% V.S. Time weighted returns @ 4.88%

February: STI ETF @ 3.56% V.S. Time weighted returns @ -0.87% Continue reading “June (H1) 2018 – Portfolio Updates”

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First Sell Trade – Divested Indofood Agri

It takes conviction to buy a stock, but it takes courage, and some guts to acknowledge your mistake and do what is necessary, even if your heart has to break a little.

I have made the decision to cut my losses, and divested 27,000 shares of Indofood Agri at 25.5 cents each.

This has translated to a 30.9% loss of my initial investment of 37 cents, and in turn became a 6.44% realized loss off our entire portfolio.

I remember blogging about why I bought the stock in the first place, and here are the 3 points to justify my decision then: Continue reading “First Sell Trade – Divested Indofood Agri”

May 2018 – Portfolio Updates

Two “disadvantages” of buying stocks that are not very popular are that…

  1. They are virtually illiquid (very low trading volume)
  2. The spread (bid/ask) price of the stock is immensely huge.

Unlike the famous stocks that people buy in the STI (e.g. Singtel), where the spread can be just 1 cent, stocks like Keong Hong and Tat Seng Packaging can drop a few percentage points in 1 day of trading.

Needless to say, the smaller (yet, maybe not cheaper) the price of the stock, each spread will also affect the price more. A mere 0.5 cent movement in the current price of Indofood Agri at 24.5 cents can cause a 2% change in your initial investment. Imagine that! Continue reading “May 2018 – Portfolio Updates”

April 2018 – Portfolio Updates

I haven’t been blogging as much as I should. Giving myself and my readers a reason not to blog because I don’t have time is just meh. I can’t help having priorities. Work has piled up again and the politics at my workplace are getting more conspicuous. Not something very much within my control but I try to avoid conflict as much as I can.

My boss gave me a decent grading this year. I’ve received my bonus in April! It always comes as a surprise to me because my income is suddenly boosted and the income/expense chart becomes out of proportion – but in a good way. And this just reminded me, I should have blogged about my expenses! Continue reading “April 2018 – Portfolio Updates”

March 2018 – Portfolio Updates

The first quarter of 2018 is gone. Like February, I did not touch my portfolio at all. STI this month was crazy volatile, but I did not see much opportunity in my personal opinion. I did monitor some stocks to see if they will drop to the right price, one of them being Singtel which is now in the $3.3x range.

I believe that my patience is getting slightly better ever since facing some downfalls and mistakes since last year. Pain is very unforgettable to me, but such pain is good. I hope it doesn’t fade away too soon. I haven’t bought a stock for 3 months. That is a really long time! I am starting to wonder if my funds are fully utilized.

So some interesting news was announced. Continue reading “March 2018 – Portfolio Updates”

February 2018 – Portfolio Updates

The stock market has been crazy volatile this month. Oh my goodness. For the first time in 7 months, this will be the first portfolio update of my blog that marks history.

I have to report a negative time-weighted return of -0.87% against STI ETF of 3.56% as of 28th February.

Which technically means that I’ve lost money in the stock market since the beginning of this year!

1. Keong Hong

Despite P/E constantly decreasing ever since their earnings report was released (it is currently at a mere ratio of 2.19), the price continued to decrease just as well. Continue reading “February 2018 – Portfolio Updates”

January 2018 – Portfolio Updates

January brings much news to the market. I’ve read many articles about how everyone is anticipating for a stock market crash, and that a correction would be due soon. Unfortunately for some people (or fortunately for me), I have also read many articles about cryptocurrency, and its crash has been more apparent and realized much earlier than the current bull run that I am experiencing.

My views on cryptocurrency? Continue reading “January 2018 – Portfolio Updates”