Taking a little profit off the table

Over the past week, I have disposed of Singtel and SingPost.

The reason for the disposal are
1) Singtel, sold at $3.92, is quite near it's past recent high of $4.17
2) Singpost, sold at $1.29, is near it's past recent high of $1.30

There's a time for buying, and there's a time for selling. While the market may look to be on a bullish run, there's always a time the music will end.

Just don't get caught naked when the tide runs out ;)


While the music is still on, and the interest rates still low, I will be looking to sell a few more counters which I don't really like the business or the dividend yields, but bought because I think the prices were too low.

The counters are
1) CitySpring. I'm uncomfortable about its high debt, although the dividend yield is moderately acceptable.

2) Capitaland. The business of this volatile stock is probably ok, but its dividend yield is way too low, and hence the returns aren't that great. I have this counter since March 2009 at a very low price, but I might consider offloading all.

3) CapitalMallAsia. Same as point (2)

4) GLP. The business is probably ok, but I think it is getting a bit too pricey. I don't have a calculation of its value; it is more of a gut feel that $3 may be a sell.

5) Silverlake. The business is really great. But the price has gone really high too. I will have to evaluate the counter again, something which I have not done for a long time. With a 112% gain on top of the 5% annual yield, I guess I do have some leeway to play around :)

6) Cosco. My first stock bought at $2.67. Am considering to cut loss on this, buoyant by massive gains in other counters. A stock bought with zero analysis except hearsay from my sis. :x

7) Aztech. Probably a wrong FA purchase.

8) Hor Kew. Another wrong purchase.

9) SPH. Well, I like the business, but I'm unsure if the counter is worth $4.40.

10) Starhub. One of my biggest gains in my portfolio, apart from AIMSAMPIREIT. With a 147% gain and a annual 10.5% dividend yield, I couldn't be happier :)  But at around $4.70? Is it too high for such a counter? I might sell some such that my remaining counters cost $0.


Not in a rush to sell, but I'm starting to monitor again. I will probably sell some REITs soon too, just not yet...

All in all, the amount I'm eyeing to sell is about $80k and up. The cash will probably be re-invested into a second business venture, as well as invested into my wedding next year :)

My dividend yield will probably be adversely affected, but in a way, with the amount of paper gain, I could probably treat it as taking my dividends for 10 years early. Surely 10 years would be a sufficient time frame to see the next bear market.


As an afterthought after HM Shak's comment below:

Using Fibonacci Retracement on the STI,
In any case, if we take 1513 as the reference low and 3857 as the reference high from Yahoo Finance, the 76.8% retracement is 3313 and the 78.6% retracement is 3355. If we take into account the intra-day fluctuations (which I didn't bother to dig out), the values could be higher, and 3400 is about right.

This was my plan since 2011:
http://wealthbuch.blogspot.sg/2011/02/personal-updates.html