This month is still a month of volatility. The problem in Greece seems too huge to contain, as it spreads to Italy and Spain. The default seems eminent, and the concern now is whether the default will be done in an orderly manner, or will it cause a stir up in the financial system of Eurozone.
My accumulated profits all these while has been totally wiped out this month. Recession seems inevitable now, and a rough ride ahead is bound to occur. Selling off anything now due to panic selling seems to be a bad move. The only consolation now is that most of my counters have decent dividend yield. Hence even in times like this, I should still have a stream of consistent dividend income when the share price plunges.
This month, I decided to further average down my buying price for Wingtai, as its share price continue to be depressed even though it reported spectacular results for the previous quarter. As such, I decided to take the opportunity to average down my buying price and earn the spectacular dividends that they are going to payout to shareholders.
Other than that, there are no further changes to my portfolio this month. Currently I am just waiting for the tide to turn, and getting ready for the upcoming earnings reporting season. Hopefully all the earning reports for the quarter can gradually rebuilt the confidence of investors to pump their money back into the stock market. However, I believe the instability in Europe will continue to keep investors at the sidelines. Hope that the economic picture can be clearer soon, and may the last quarter of 2011 be the best quarter for this year.
My accumulated profits all these while has been totally wiped out this month. Recession seems inevitable now, and a rough ride ahead is bound to occur. Selling off anything now due to panic selling seems to be a bad move. The only consolation now is that most of my counters have decent dividend yield. Hence even in times like this, I should still have a stream of consistent dividend income when the share price plunges.
This month, I decided to further average down my buying price for Wingtai, as its share price continue to be depressed even though it reported spectacular results for the previous quarter. As such, I decided to take the opportunity to average down my buying price and earn the spectacular dividends that they are going to payout to shareholders.
Other than that, there are no further changes to my portfolio this month. Currently I am just waiting for the tide to turn, and getting ready for the upcoming earnings reporting season. Hopefully all the earning reports for the quarter can gradually rebuilt the confidence of investors to pump their money back into the stock market. However, I believe the instability in Europe will continue to keep investors at the sidelines. Hope that the economic picture can be clearer soon, and may the last quarter of 2011 be the best quarter for this year.
My Current Portfolio:
Lessons learnt: Panic buying is as dreadful as panic selling. However, no one knows when the tide will turn. Thus never try to time the market, just do the homework and let the market do its job. As long as the money is not urgently needed, investment with a longer term horizon should prove profitable.
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