January 2011 Portfolio Update

January was supposed to witness the Capricorn effect. Indeed, the first few days of January registered a STI increase. I've read somewhere that if the Capricorn effect did not materialise, then the market would be worse off in the later part of the year. This happened in 2008.

The only change to my portfolio this month is that I purchase another 23 lots of AIMSAMPIREIT at $0.215 2 days ago to round it up nicely to 120 lots. Apart from that, I didn't see anything good for buying for myself. I'm getting more and more cautious at the moment, only entering very selectively. There's a time to buy, there's a time to wait, and there's a time to sell. To me, I believe this is the time to wait, to be excessively patient and cautious. While I believe markets can still rise, most stocks at this level have a low margin of safety as compared to before, so I would wait.





A short summary of my core holdings:

Portfolio cost: $173k
Portfolio value: $196k
Percentage gain: 13.37%

Dividends reached $1155/mth on average. No dividends this month, but I'm expecting dividends to come (starting from 28th Feb) from Starhill Global REIT, CapCommTrust, AIMSAMPIREIT, KGT, CitySpring and First REIT. I'm also expecting dividends to come from GRP and Saizen after they announce their results. Starhub's yet-to-be-announced dividends would most likely be delayed, typically coming after their AGM.

My percentage gain rose mainly because of First REIT's rebound. A number of holdings went XD this month as well, namely AIMSAMPIREIT, CapCommTrust, and First REIT.



Adding to the $24k in the basket I hope to sell off at the bottom, my total cost stands at $197k, an increase from the previous month's $192k. Adding these to my MMF units, my total available funds for investments stay constant at $205k. I did not pump any new money into my MMF this month.


Trading Basket -- Hoping to sell off

I want to sell these off when I can, or cut loss when I can take the loss :(
Portfolio cost: $24.3k
Portfolio value: $18.5k
Unrealised loss of around $5.7k

(red = freezer stocks to remind myself of my mistakes)

30 lots of Hor Kew at 0.125

27 lots of LC Dev at 0.177 (accepted the rights + 3 lots excess)

2 lots of Cosco at 2.67

160 lots of Berlian Laju at 0.065