By: Kleer
These are my current stocks holdings as of 30 November 07.
- Pan United
- Sarin
- Yongnam
- Taisin
- Sinotech Fibre
- Eastern
- Lifebrandz
- Sihuan
- China XLX
- IFS
- FujianZY
- Sing Inv
- UIS
- China Sports
- Fibrechem
- HLN Tech
- China Pplus
- ARA
The November 07 portfolio value of $524.593 is a decrease of -$98,057 (or -15.7%) over the October 07 portfolio value of $622,650. There was also a cash reduction of -$14,597 from the sale of stocks (less the purchase of new stocks), so in fact, the portfolio value had decreased by -$83,460 (or -13.4%).
These are the key Portfolio Changes.
I did a strategic switch from Tat Hong to ARA so as to re-balance from an overvalued to undervalued stock. I also sold off some stock in IFS at $0.76 in early November, so that I may have some spare cash to pick up other growth stocks at lower prices . IFS has since corrected to $0.70 only, so that decision has proven to be correct.
I received dividends of $705 from Taisin for October 07.
Conclusion:
This has been the 2nd worst month for my portfolio performance, topped only by the performance back in August.
Nevertheless, I still remain a bull at heart despite the dire situation in the US, mostly because of the strong growth fundamentals in Asia, and led in Singapore by the property and construction industries, which I still have a strong stake in. I believe that the global markets will do well in 2008, especially in the first half.
At the same time, I will be cautious in investing in growth stocks that have stories which need to take a few years to unfold. Reason being that it is very hard to see what are that the growth factors that can drive the global markets beyond 2008-2009, hence the risk of investing in those stocks are significantly higher than a year before.
Source: Extraordinary Profits
