Wednesday 22 August 2007
Monday 20 August 2007
Portfolio update - sold some SPC for partial profit taking
Decided to take partial profit for SPC in view of falling crude price. Including dividend of $0.20, ROC is 7.6% in 19 days.
Sunday 19 August 2007
FI trend update after dramatic sell down and recovery of STI
Portfolio value was really hit by the meltdown in the week. Approaching to cross the the safety line. Last Friday, I took drastic step to clear out those dead wood such as SPH, JTIL and swap for KEP, OCBC, and HSE.
Clearing of these dead wood has caused me big losses, but during meltdown it is also the right time to buy potential winners cheaply. Let see in a few months, whether such swapping strategy make sense?
Friday 17 August 2007
Portfolio update - add SML, SGX, contra loss on KEP
Heavy contra loss of -10.2% on KEPPEL is telling me that the market is not right for contra trading. I will stop contra trades till the market situation improved.
Wednesday 15 August 2007
Monday 13 August 2007
Wednesday 8 August 2007
Monday 6 August 2007
Impact of today correction on my FI target trend
My portfolio is much stronger now to take correction since the last major correction on Feb 28, 2007. It is important that we keep focus on the our long term objective despite periodic market corrections. It is not wise to panic and sell off. Keep on building surpluses and periodic correction will not have significant damage.
Sunday 5 August 2007
Investing article in Sunday Times Aug 5 2007 ME & MY MONEY
Sunday Times Aug 5 2007 ME & MY MONEY
Main points are as follows:
• Knowing what stocks to buy is not good enough
• To make money, a person must know when to buy and well as well
• When you buy, it must always be based on fundamentals. But knowing what to buy is not going to make you money. Money is made from knowing when to buy and when to sell. That's when the technical analysis part comes in
• When someone goes in to buy a stock, there are elements of greed and fear that result in a decision to purchase at a certain price. These emotions are constant through the decades and you can map the behavior and use the past to predict the future as people don't change.
There are three ways to build wealth.
Most people will work to build wealth; but if you doesn’t have a high-paying job, you can work until cows come home and may just making ends meet. (CREATEWEALTH: Fewer people can really make it to high-paying job, how many VP, EVP, CEO are there?? BIG RAT race!!!!)
The next group of people starts their own business. Some make it but many don't. (CREATEWEALTH: Many of us are not in this group, many of us dream of it and talk about it. If you don't dare to take some money to invest, don't ever think or dream to be in this group. FAT HOPE!!!!)
The third group makes money work for them through investments. A decent-paying job and invest to make money work. (CREATEWEALTH: Only those with passion in investing, constantly learning from it, control the emotion of GREED and FEAR; and STRONGLY BELIEVE IT THAT IT CAN BE DONE, AND HAVE A PLAN, AND A ULTIMATE GOAL will made it, perhaps it is less than 20-30% in this group will made it, many will fail, and bang their hearts)
• Know when to be aggressive and when to be conservative. Know yourself, your level of greed and fear. (CREATEWEALTH: To be aggressive, you need to follow the stock history and company fundamental very closely, and strike at the right time by using pyramiding the investment method, you will win BIG if direction moves in your favor)
(About IPP financial advisers, investment director, Albert Lam, 45, by Writer Lorna Tan, Finance Correspondent)
Main points are as follows:
• Knowing what stocks to buy is not good enough
• To make money, a person must know when to buy and well as well
• When you buy, it must always be based on fundamentals. But knowing what to buy is not going to make you money. Money is made from knowing when to buy and when to sell. That's when the technical analysis part comes in
• When someone goes in to buy a stock, there are elements of greed and fear that result in a decision to purchase at a certain price. These emotions are constant through the decades and you can map the behavior and use the past to predict the future as people don't change.
There are three ways to build wealth.
Most people will work to build wealth; but if you doesn’t have a high-paying job, you can work until cows come home and may just making ends meet. (CREATEWEALTH: Fewer people can really make it to high-paying job, how many VP, EVP, CEO are there?? BIG RAT race!!!!)
The next group of people starts their own business. Some make it but many don't. (CREATEWEALTH: Many of us are not in this group, many of us dream of it and talk about it. If you don't dare to take some money to invest, don't ever think or dream to be in this group. FAT HOPE!!!!)
The third group makes money work for them through investments. A decent-paying job and invest to make money work. (CREATEWEALTH: Only those with passion in investing, constantly learning from it, control the emotion of GREED and FEAR; and STRONGLY BELIEVE IT THAT IT CAN BE DONE, AND HAVE A PLAN, AND A ULTIMATE GOAL will made it, perhaps it is less than 20-30% in this group will made it, many will fail, and bang their hearts)
• Know when to be aggressive and when to be conservative. Know yourself, your level of greed and fear. (CREATEWEALTH: To be aggressive, you need to follow the stock history and company fundamental very closely, and strike at the right time by using pyramiding the investment method, you will win BIG if direction moves in your favor)
(About IPP financial advisers, investment director, Albert Lam, 45, by Writer Lorna Tan, Finance Correspondent)
Saturday 4 August 2007
Friday 3 August 2007
Portfolio update - contra SML
Historically, STI is weak during Aug-Sep so it is better to regret than to be sorry.
Thursday 2 August 2007
Wednesday 1 August 2007
Portfolio update - add SPC and SML
Wow! Correction today!!! S'pore shares fall over 3% Singapore share prices skidded 3.27 per cent on Wednesday as concerns over the troubled US sub-prime mortgage market spooked investors, dealers said.
The Straits Times Index dropped 115.95 points to 3,431.71 on volume of 4.94 billion shares worth $4.31 billion (US$2.85 billion). There were 110 rising issues, 1,014 losers and 442 issues were even.
But, to me it is a good time to buy, especially SPC in view of 0.20 dividend payable in Aug 22.
SML is announcing result tomorrow will also provide support. I will contra SML tomorrow
This correction caused some damages to my portfolio; but, I don't think it is serious enough for me to cut losses. Need to watch over it tightly especially in Aug - Sep period where STI is seasonally weak.