Feeling so guilty cos I couldn't afford the time to constantly blog with my NS life hogging me. But setting my mind of investing really provides me with my side passive income besides the allowance which NS gives.
Just a quick update on my portfolio:
Figure 1
Figure 2
So as you guys can see, there's not much movement in Figure 1 as they are considered high-yielding stocks and thus are less volatile.
I added a new position in October 2014, bought Singapore Exchange at 7 bucks when the whole economy was down and as it was Ex-Div. It fell 20cents to 7.03 after the books closure date on 1st October. I entered this position at $7 on 2nd October (I indicated $7.06 after factoring in all the commissions after buying and selling)
Now, what were my reasons for purchasing this share at $7?
A quick look at it's past trend showed that upon reaching $7, there is a higher chance of an upside as compared to downside. Furthermore, SGX is crucial for everyone to trade. Although there's news that the stock market would be kindda quiet and thus reduced trading volume, I gambled upon the news of the new reduced lots size from 1000 shares to 100 shares per lot, hoping that the trading volume would increase in the long run and that SGX would rise again. This is what you call using both fundamental and technical research to enter a position.
Shall blog about the Keppel takeover next time! Ciao~
Signing off!
Billy~
No comments:
Post a Comment