Goodbye Sheng Siong

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I sold Sheng Siong today. No, there is no bad news about Sheng Siong. I sold it for other reasons which I shall detail it later below. Profit gain was about 68% excluding the dividends collected over the years.

Sheng Siong is an excellent growth stock. Look at how much the stock price has grown over the years.

sheng-siong-share-price-21-oct-2016

 

Let me go into the reasons why I sold Sheng Siong

1. Contented with Profit Gains

Well, you can never predict the highest price to sell. Basically, I am contended with the profits gained and thus I decided to sell off the stock. This is to prevent loss of opportunity cost in the event stock prices start to fall. When I meant by opportunity cost, it means I can take the cash from the sale and invest in other company for further growth. Read More