This month, we saw a huge correction happening when worries of the Greek debt, slowdown in China's growth and the weak recovery of the US economic recovery hit the market all at the same time. This caused a sell down in the month, which caused STI to temporarily dip below the key 3,000 point support. However, thanks to bargain hunting and the latest positive news that Greece will get the package helped to stabilise the market and brought STI back to above waters in the final week of the month.
The rally in the final week minimize my losses for the month. Overall my unrealized profits dropped by approximately 27% compared to the previous month. There are no changes in my portfolio. However, some news were released this week concerning my counters.
FSL Trust has announced a private placement to finance its purchase of two long range product tankers. This news has caused some weakening of both the share price as well as the immediate dividend payment due to the dilution. However in the longer term, this move may be viewed upon as a positive move by the management as it improves the yield in the long run. But how long will it take for the positive effect to be felt awaits to be seen.
For the month, it has been a quiet trading month with generally low trading volumes and many investors are holding on to their cash and staying at the sidelines at the moment. The end of this month also marks the end of the first half of the year and also the end of Quantitative Easing 2. What will happen in the second half of the year awaits to be seen as uncertainty still weighs on the economy. For now, I will just take a wait and see approach to see how events will unfold. Hopefully things will improve in the second half and the rally continues.
The rally in the final week minimize my losses for the month. Overall my unrealized profits dropped by approximately 27% compared to the previous month. There are no changes in my portfolio. However, some news were released this week concerning my counters.
FSL Trust has announced a private placement to finance its purchase of two long range product tankers. This news has caused some weakening of both the share price as well as the immediate dividend payment due to the dilution. However in the longer term, this move may be viewed upon as a positive move by the management as it improves the yield in the long run. But how long will it take for the positive effect to be felt awaits to be seen.
For the month, it has been a quiet trading month with generally low trading volumes and many investors are holding on to their cash and staying at the sidelines at the moment. The end of this month also marks the end of the first half of the year and also the end of Quantitative Easing 2. What will happen in the second half of the year awaits to be seen as uncertainty still weighs on the economy. For now, I will just take a wait and see approach to see how events will unfold. Hopefully things will improve in the second half and the rally continues.
My Current Portfolio :
Lessons learnt: I missed out the opportunity to average down ST Engineering this month due to fear. Once again I allowed emotions to set in to interfer with my logical analysis. I need to put aside emotions - fear and exuberance, during investing.
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