I wanted to change the way I manage my portfolio updates by giving them at the end of the month. I think it makes tracking changes much easier now that I am getting busier at work. Thus here are my portfolio movements for the month of June.
Divested this counter in June as it was approaching the upper bound of the RSI. On hindsight this was a good move as the news of the trade war between Trump and China seemed to turn the entire market downwards. I will be monitoring the news for this counter and would be happy to add again if prices comedown to S$2.2.
Should have divested this counter on the first day of IPO when it was red hot. However, as I was away on holiday and dallied. Even when the price neared its breakeven I was still wondering. It was only after the 2nd poor result did I realize that this counter was going to be a stone in a bear market. Selling it meant a realized S$100 loss, but I guess the market has proven the move right already.
With the market in bear territory, I will be keeping cash close and my favourite counters closer (Singtel, Raffles Medical, Straits Trading, Wilmar and Singpost)
That’s all and let’s hope for a more cheery July 2018!