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Summary of October 2015 Transactions

Portfolio_201510_Oct

Last month, many stocks have fell in prices. After the Fed announced not to increase interest rates, the stock market started to stage a slow recovery in the following weeks. Singapore has also avoided a technical recession and the STI hover around the 3000 level.

Taking opportunity, I bought The Hour Glass, Mapletree Commercial Trust and Keppel Reit as at current levels, they are cheaper to buy.

I have also sold off Challenger Technologies according to plan with a profit of 64%.

I have received dividends from Frasers Commercial Trust and TVB (Interim dividend of HKD 0.60).

Summary of August 2015 Transactions

Strait Times Index August 2015

As my mindset shifted from being a value investor to an income investor, I made a drastic decision to update my portfolio. Given the current market turmoil, it was certainly a wrong timing to sell but I knew that some of my holdings are bought purely on speculation few years ago and if I did not sell now, losses will compound. I sold Amara Holdings, Boustead Projects, K1 Ventures and Second Chance Properties Ltd. I am not saying these few stocks are not good but it is just that I did not understand or did my home work on them prior to buying them. E.g. I bought Second Chance because of its high yield but I did not study in depth into its fundamentals. (more…)

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