By: musicwhiz 2H May 2008 was relatively slower in terms of announcements and updates from the companies I own. One of the more important events was the release of FY 2008 financials for Boustead on May 28, 2008; while Pacific Andes has yet to release their FY 2008 results (as at the time of writing this). I will be providing a summary of each company’s results in my portfolio review below. Meanwhile, oil prices have managed to hit a new record high of US$135 per barrel before dipping down below US$130 recently. Worldwide food inflation is still a major issue and Singapore’s April 2008 inflation rate hit 7.5% year-on-year ! This underscores the need for individuals to invest their money in order to beat inflation over the long-term, as bank deposits are yielding pathetic interest rates of less than 1% per annum. Even if one does not have the time to do the in-depth research and reading required to properly invest in quoted equities, one can still use a dollar cost averaging method to invest in index funds which are one of the lowest cost funds in the market. These index funds will yield market returns and are properly diversified to hedge against undue loss of capital. Below is the summary of my investments and related news as at May 30, 2008 (STI at 3,192.62 points).:- Read more...