Wednesday, July 23, 2014

Super Group rebound lifts July portfolio to +10.9% YTD

I really have to apologise for the lack of posts on the portfolio. This is not caused by a total meltdown of the individual stocks. Including dividends but excluding the May purchase of Super Group, the portfolio inched up 2.4% bringing year-to-date gains to 10.9%. The rebound in the price of Super Group as well as Envictus (former Etika) contributed to most of the capital appreciation.

About six months ago, I forecast that we would still be in the midst of a bear market with plenty of volatility. This proved to be wrong as the Straits Times Index has gained 5.5% on a year-to-date basis ending 23 July and is at its highest level of 2014. This is despite all macro indicators suggesting it should be otherwise.

I will be going for in-camp training soon and that will mean a lot of time away from the computer. This also means fewer postings. However, a
fter the in-camp training, I should be going on a fair bit of vacation. More travel posts on the way!

I have about SGD 7,000 free cash waiting to be invested. However, I have run out of ideas. This is not helped by a toppish feeling market. May be it is time for me to unload on some of the stocks that have very small dollar value. This is a theme that I have been running with for some time.

Elsewhere, I just found out that a new BTO will be built very close to my future BTO. That is very annoying because it will be blocking whatever view I have left. I do pity those already staying in the surroundings for they have to bear with even more construction works. 

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