Sunday, 19 August 2007
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?