November 17 Portfolio Update

31 more days to 2018! However I found that my portfolio is not doing very well this year, even though STI is performing very good this year. Felt so wasted as I should be able to earn more than 10+% return this year. I found that I still lack of knowledge and experience therefore my portfolio performance is so bad.

I have made couple of transactions this month. My portfolio now only got 6 different counter and not diverse enough. However, at current market condition, it is hard for me to find counters with good margin of safety to diverse my portfolio. I am doing deeper research for PEC, and might increase my holdings in December.

In November, STI increased from 3374.08 to 3433.54, which is around 1.76% gain. However, my portfolio's value decreased from 121,057.21 to 120,150.51, which is around 0.7% loss. The difference of performance of my portfolio and STI is more than 2.4%!

In fact, Keong Hong released outstanding result which exceed my expectation. It was performing quite good at the end of the month. However, Straits Trading, the biggest portion of my portfolio, dropped from 2.40 to 2.29, therefore it drags down my portfolio's value. I reviewed its recent financial report again, and didn't find any reason for it to drops.. Probably just temporary fluctuation. I realised that I shouldn't one shot allocate too much funds on one counter, it makes me harder to average down when the price became more attractive. Another reason of my low portfolio's performance is I am holding more cash now.

I sold all SIA shares this month as I found that at current industry condition it is hard for company to generate satisfied return for shareholders, and I will continue to monitor it. I added more ComfortDelGro to average down as I found that current price is attractive. I sold 50% of Keong Hong earlier to apply RE&S IPO but didn't get any, and bought back at a cheaper price before they release their results (Heng!). I received PEC final dividend this month (not alot but yay I love dividend).

I will write a yearly review of my yearly performance and my investment strategy to find out my mistakes. I shall slowly improve my investment strategy and hope next year my portfolio can do a great job!

No.	Stock	No. of Shares	Ave.Price	CurrentPrice	MarketValue	%Portfolio
1	COMFORTDELGRO	6,200	2.34	2.00	12,400.00	10.32%
2	LHT	8,000	0.76	0.68	5,440.00	4.53%
3	PEC	9,500	0.66	0.62	5,890.00	4.90%
4	TAI SIN ELECTRIC	20,000	0.44	0.4	8,000.00	6.66%
5	STRAITS TRADING	20,000	2.52	2.29	45,800.00	38.12%
6	KEONG HONG	35,500	0.51	0.585	20,767.50	17.28%
	CASH				21,853.01	18.19%
	Total	-	-	-	120,150.51	100.00%

Thanks for reading!