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Summary of October 2016 Transactions

portfolio_201610_october

If you have been following my blog posts, you will know that I have made 3 sell transactions this month. I have sold off Sheng Siong, Cambridge Industrial Trust and MobileOne Limited (M1). My investment thoughts have slightly change a bit this month and I shall share with you why this is so.

Previously, I have been accumulating stocks which means I have always been buying but not selling. Most of the stocks that I have accumulate are either REITS or business trust because that is where the accretive dividend yield is. One of the thing I missed out doing is housekeeping. When more and more stocks get added to my stock portfolio, I find it hard to manage. Certain stocks in my portfolio has under performed but I am not aware. Thus, this month, I decided to do some housekeeping and also reduce the number of stocks in my portfolio. The ideal number of stocks is around 20. Read More

Goodbye Sheng Siong

Sheng Siong Logo

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

Sheng Siong Reduce Manpower Woes with Self Payment Kiosk

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Sheng Siong is one of my favorite company in my stock portfolio. It is such a fantastic growth company with zero debt. See how the stock continues the uptrend over the 5 year period. For Sheng Siong who is expanding aggressively by opening more and more stores in Singapore, hiring manpower for new stores is a continued challenge due to the current labour crunch in the market. This is also a common challenge among Jumbo and Breadtalk businesses where the nature of the business in the service industry is labour intensive.

heng-siong-stock-chart-18-oct-2016

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