Portfolio Update as of Jan 2017
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." - William Feather.
This is my first blog post in 2017 and would like to update my portfolio & holding. I will try not to justify my buy and sell here as above quoted, every sell and buy have their own story or narrative and justification behind that and the most important thing is “ both think they are astute! “
Sometimes, I noticed that investors would blame the stocks they sold at lost or “ curse and swear “ that they will not own that particular stocks again...
One needs to remember that the stocks do not know you own them and management doesn’t care about who is owing the share in the company they manage and only a small group of management really care about “shareholders value “. We also need to take note that not every trade will make money, sometimes we win sometime we lost, same for investment advice, some are good and some “ try to take advantage of you “.
We have to be responsible for all our trades and profit or loss, not your brokers, not the one giving you the “tips” and definitely not the blogger you follow or the so-called “guru “ who gave you the advice or investment strategies .
Investors: You Are Responsible For Your Investments by Investopedia
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The Bottom Line
Ideally, all investors should get involved in the money management process. Given the conflicts of interest inherent in the investment industry, as well as the rampant mismanagement and scandals, the more you know and do yourself, the better.
This knowledge should be converted into a sensible degree of active participation. Doing too much is excessively onerous and can interfere with good management, but leaving things totally to brokers and firms can be dangerous too. “
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My “Rojak & Kia-su Portfolio” ( last updated Aug 2016 )
*** Conglomerate : ( Keppel Corp / Semb Corp Ind/ ST Eng )
Sim Lian: due to Privatization, some of the blue chips been disposed of right after US Presidency Election ( as I have blogged about it here ). I hope to accumulate these blue-chips back again into my portfolio if I have a chance and at the right price of course.
I know that BHG Retail Reit have some kind of income support via “financial engineering “ ….credit goes to Kyith from InvestmentMoat (here ). Also, I am adding SIN Tel and increasing my exposure in Telco, since the sector been beaten down quite a lot recently due to 4th Telco is entering the market soon . ( Again, I might be wrong on this !! )
Wow ! Buying Sabana Reit !! are you crazy? Yes, I ever bought Sabana Reit at $1.335 on 13th May 2013 … I will try to explain more about the whole transaction for Sabana and some other accounts which I have disposed of e.g. Sembcorp Marine, OUE-HT in my next post and of course how much I have lost.
Disclaimer: Please read the disclaimer at below carefully !! also, please take note that this is not the call to buy Sabana Reit ( and all others stocks which been mentioned here ) as this is going to be very “Risky and speculative trade “.
Stay tuned, Cheers !!
Quote Of The Day "
“A stock that has fallen from 30 to 10 is considered riskier than a stock that has fallen from 12 to 10 in the same period. It might be. But it could be that most of the stock’s downside risk has been eliminated by the huge price drop. The truth is you can’t really tell much of anything just from measuring a stock’s past price movements.” By Joel Greenblatt