In December, STI drops 0.89% from 3433.54 to 3402.92. In contrast, my portfolio gains 0.81% from 120,150.51 to 121,123.46. Amazing, I think this is the first and only month my portfolio performs better than our STI.
I sold all my Keong Hong shares and still waiting to buy it back. I converted 20,000 SGD to AUD and converted another 20,000 SGD to HKD. I just submitted a currency conversion request to convert all my AUD back to SGD, as I have decided to put the ASX investment ideas aside first.
I just started my mid - long term value investing strategy this year, and my yearly performance is quite bad as my portfolio only gain 5.90% this year. I missed quite a lot of opportunities as I was trading too frequently at the beginning of 2017. If I can focus on mid - long term value investing strategy earlier, I believe that I can perform much better. I sold Valuetronics and YZJ at low price which is quite regretting. I also realised that I should not rely on Annual Report as my only information source, as sometimes companies failed to disclose important information. As OKP incident, I was not aware of previous incident until someone mentioned it again after recent incident happened. Lack of these information will reduce my portfolio performance and increase the risk my portfolio exposed to. I shall attend all AGM and know more about the management team (especially their attitude to retail investors). I started doing research of Hong Kong listed companies recently, as I think there are more opportunities in that market.
In conclusion, after 12 months research and practices, I believed that look for good companies and hold for long term will create great value and also create superior performance. Diversity is important but over diverse will reduce the rewards as well. Meanwhile, I think an ideal portfolio should contain 6-8 counters.
|
No.
|
Stock
|
No. of Shares
|
Ave.Cost
|
Price
|
MarketValue
|
MarketValue (SGD)
|
%Portfolio
|
|
SGX
|
|
||||||
|
1
|
CDG
|
6,200
|
2.34
|
1.98
|
12,276.00
|
12,276.00
|
10.14%
|
|
2
|
LHT
|
8,000
|
0.76
|
0.66
|
5,280.00
|
5,280.00
|
4.36%
|
|
3
|
PEC
|
9,500
|
0.66
|
0.635
|
6,032.50
|
6,032.50
|
4.98%
|
|
4
|
TAI SIN
|
20,000
|
0.44
|
0.41
|
8,200.00
|
8,200.00
|
6.77%
|
|
5
|
STRAITS TRADING
|
20,000
|
2.52
|
2.34
|
46,800.00
|
46,800.00
|
38.64%
|
|
Cash
|
|
|
|
|
|
|
|
|
|
SGD
|
|
|
|
2,757.27
|
2,757.27
|
2.28%
|
|
|
AUD
|
|
|
|
19,468.51
|
20,270.61
|
16.74%
|
|
HKD
|
114,612.70
|
19,507.08
|
16.11%
|
||||
|
|
Total
|
|
|
|
|
121,123.46
|
100%
|
Happy new year to all!
I hope in 2018 bull market can continue to run and we all huat big!
Thanks for reading..
agree overseas market have more opportunity and also a form of diversification.
ReplyDeletebut can know whether you use a singapore or foreign broker? becoz local brokerages charge custody and admin fees on top of the exchanges fees.
abit here and there adds up unless i FIFO or contra, but this is not suitable to my investing style.
Hi,
DeleteI am using Poems. I understand that Singapore broker charges high costs and fees. I hope in the future I can go HK to open an account with them (when I got more funds). ALso if use HK broker can subscribe IPO which I found that might be another good source to earn some money. I found HK for more opportunities as there got more companies listed there and people are more irrational (for example LHN IPO at very high price in HK when it is trading at low price in SG).
Happy new year and wish u huat big !
Allen