There were few actions on the investment front this month, making it two quiet months in a row.
The same can be said about the market. The STI Index continued to yo-yo between 2800-3000. Since we are at the lower end of that range now, I am poised to turn some cash into equities.
In fact, with the subscription of the MCT rights I was entitled to and the excess rights, my cash position reduced by about $5,700.
Yup, few actions doesn’t mean no action. Even the decision not to act is an act itself, no? =p
1. Core Portfolio
Berkshire B is finally coming down after hitting $150 a few weeks ago.
Yes, I am definitely looking to add if it drops below $140 as I am still quite far from the desired overseas exposure.
The value of this portfolio declined barely by about $100. Just to reiterate that the market is just stagnant.
| Asset | Avg Bought | Amount | Price | Valuation | Allocation |
| STI ETF | $2.92 | 12,800 | $2.88 | $36,864 | 31.8% |
| Berkshire B | $134.50* | 120 | $146.66* | $23,935 | 20.7% |
| SSBs | $1.00 | 15,000 | $1.00 | $15,000 | 13.0% |
| Cash (SGD) | $1.00 | 40,000 | $1.00 | $40,000 | 34.5% |
| Total | $115,799 | 100.0% |
2. Local Stock Portfolio
MCT is now one of my biggest position after the successful application of close to 3,000 of excess rights at the price of $1.42.
Stripping out the value of the right issue, the portfolio value actually increased by $1,000. But at less than 1%, Mr market can easily take out this small gain within a few hours of trading. Nothing to get too excited about.
| Stock | Amount | Price | Valuation | Allocation |
| ST Engg | 6,500 | $3.300 | $21,450 | 17.14% |
| Kingsmen | 27,700 | $0.655 | $18,144 | 14.50% |
| MCT | 10,000 | $1.585 | $15,850 | 12.67% |
| CCT | 6,000 | $1.580 | $9,480 | 7.58% |
| HK Land | 1,000 | $9.194 | $9,194 | 7.35% |
| UOL | 1,500 | $5.560 | $8,340 | 6.66% |
| SingPost | 5,500 | $1.420 | $7,810 | 6.24% |
| Semb Corp | 3,000 | $2.600 | $7,800 | 6.23% |
| Boustead | 9,000 | $0.795 | $7,155 | 5.72% |
| Genting | 8,000 | $0.735 | $5,880 | 4.70% |
| M1 | 2,000 | $2.460 | $4,920 | 3.93% |
| MTQ | 10,000 | $0.400 | $4,000 | 3.20% |
| Super Grp | 4,000 | $0.815 | $3,260 | 2.61% |
| Bou Proj | 2,700 | $0.685 | $1,850 | 1.48% |
| Total | $125,132 | 100.00% |
3. Emergency Funds
These funds are likely to be higher soon as I am looking to increase my exposure in gold.
| Asset | Amount |
| CPF OA | $38,000 |
| Cash (SGD) | $20,000 |
| FCL Bonds | $21,000 |
| Alternative Currencies | $23,000 |
| Total | $102,000 |
Hi,
Glancing at your portfolio and I am slightly concerned that you are holding too many shares (albeit many are minor holdings) as when stock market goes thru a crash (like 2008), you might have problems monitoring all stocks and decide which one to sell first to cut losses…and that was what happened to me then and it could prove to be a bit traumatic.
If possible, try to pick up technical analysis (TA) to determine entry and exit points. I was a FA guy but now combining both to have a holistic view of the share market. When Benjamin Graham wrote “An Intelligent Investor” in 1949, it was an era when the impact of Great Depression was moving into its ending stages and people started to have confidence to borrow and invest, hence you can buy good stocks with cheap valuation. Value investing is best if you catch the company early and share price does not reflect its intrinsic value but it also depends on global economic factors too. If there is a repeat of Great Depression now, then all good stocks will become babies too.