The STI Index dropped close to 3% on Wednesday, one of the biggest one-day falls I have seen since I started investing in stocks. Even though the market rebounded slightly over the next two days, one could really smell the pessimism in the air and it’s anyone’s guess how next week’s market would perform.
My portfolio was not spared the bloodbath and even after including the $4,400 of dividends received thus far, returns are officially negative for this year. I only knew the potential impact of oil prices on my portfolio until it hit stocks like Sembcorp, Boustead and MTQ hard. And poor quarterly results continue to dog some of my more recent buys like Dairy Farm, Genting & Jardine C & C. *sigh*
And in line with the letter to myself, I made some purchases in the past month. 2,000 shares of STI ETF@$3.23 and 6,000 shares of ......