Portfolio Update November 2018

End of November, time to do a quick check again.

I wrote an article earlier in November when HSI up 1000 pts in a single day, and at the time of writing HSI is just 20 pts more than that day's closing, and in fact investors got plenty of opportunities to add more stocks in November after HSI crazy single day rally. I personally added Lee&Man (HK) on 5 November and China Construction Bank (HK) on 7 November, and they are sitting on super tiny profit at the moment. 

My portfolio is not doing as good as STI or HSI in November. STI up 3.27% or 98.81 pts in November and HSI up 6.11% or 1527.26 pts during the same period. My portfolio only up 0.4% so I consider it is not performing very well. 

I found some reason that might explain this: 

1. Tai Sin Loss, Tai Sin performed quite bad in this month before I fully divested my holdings, which was after Tai Sin released their result. The company disappointed me as I found the management is not doing much to improve their worsen performance, or perhaps they are unable to do anything about it. 

2. Large cash position, I still have more than 30% of my portfolio is in cash position therefore the it also affects my return. However I am not planning to time the market so I will use the cash systematically, as I am unable to generate other free cash flow from other source at the moment. 

The table below shows STI, HSI and my portfolio's performance. 

Overall, I guess the large cash position saved my portfolio from losing more than 10% of the total value, and diversity further enhanced the safety element of it. Sadly, I should have get more HKD when I can buy 6 HKD with 1 SGD.. now the exchange rate is around 5.70 HKD to 1 SGD. Currently I am running out of HKD so I guess I have no choice but have to buy some HKD at current exchange rate. Anyway looking at a 5 years chart current exchange rate might still be attractive, as we can only buy 5.36 HKD with 1 SGD at the end of 2016. 

I have to admit that Hong Kong counters are more exciting, but also much more volatile than SG counters. Need to strong heart to survive in HK market.

Over the weekend US and China announced that they won't further increase their tariffs, and they will have 90 days to talk and discuss.. As expected, I don't consider it as a good news, as no constructive progress was announced. 

Good news, I am going to start my internship soon, hopefully I can get a return offer after it so I will be able to generate some free cash flow to further lower my portfolio's risk. It is hard to get a good internship as so many super smart students in this world ): 

Hopefully the worse time has already passed, and we all huat before CNY! 

Cheers.