Simply put, the past month has been quite a bloodbath for my portfolio. It really appears that the sky is falling, at least for the oil counters.
The price of Sembcorp, a stock that I owns, probably dropped around 25% in the past 3 weeks alone. KepCorp, a favourite among some dividend investors, fared worse. With 3,000 Sembcorp shares bought at an average price of around $4.75, I am probably staring at a 40% loss just from this counter. I didn’t cut losses early enough, but I can console myself for not having averaged down blindly over the last few quarters.
If you survive to tell the tale…
Although I am not immune to “greed and fear”, the good news is that I am REALLY not losing sleep over my investment losses. Among my stocks, the exposure to oil and even commodities related companies is reasonable and the ......