Its been sometime since I last blog. 6 months to be exact. There isn't much to talk about, and I was kinda busy.
I think I am developing old man vision. Eyes start to get tired easily these days. There is always a feeling of sleepiness after 1am. Thirties is really a bitch.
After a period of uneventful July to October, we reached the November.
Trump got elected after the USA presidential elections. Its against the conventional wisdom of all the analysts and experts. Which lead to a short 1 day mini sell down, stocks picked up right after.
Thereafter it has been weak mainly due to prolong uncertainty of the Fed's decision to raise I/R for upcoming December's meeting. Personally I seen a huge drop in my holdings for mine is a dividend heavy portfolio.
One of the lesson I had learnt is not to trust "experts" they are human too and made mistakes.
Locally the government's initiative to push for 4th telco coupled with impeding rising rates and trump's rejection of TPP, has cause big sell down for all three telcos. Funds selling to invest in US, retailers dumping due to the impending 4th telco, and banks and brokers have been issuing serious sell calls.
I sold some starhub and m1 earlier in September. I am still holding on 1 lot of each. bad news. bad decision. Double whammy of trying to reallocate funds in what I perceived as the most stable telco Singtel. Alas I should have waited for a better entry price.
Overall portfolio down by 6.5% as of year to date. I wonder if I should sell both and book my losses.
inclusive of dividends I will still record minor gain of +2%
It is my weakness not able to capture the right time to sell. Maybe it is time to brush up on this area.
Stock to watch currently.
I shall focus on dividends from companies that are less noticeable by funds and BBs. Less volatility.
Funds that receive profits in USD shall also be interesting.
ALso look out for companies which does it business in overseas, providing natural hedge against SG bad economy.
Sunningdale tech/ Venture corp/ HC surgicals/ UMS holdings/ Sheng Siong/ Jumbo/ CapitaRetailChinaTrust/ starhill global
Shall observe to see if my analysis is right.
