With the downside risks presented in the world, I am switching over to the defensive.
It may be a time when doing less is doing more. (time spent on stock search can be minimized due to most companies being somewhat cyclical)
Recent Actions:
-Stopped loss on Alibaba at around USD 144; I would take it that losses are taken from previous profits and admit my mistake of owning an overvalued company (who says bloggers only share on their profits?)
-Took profit on Sandfire Resources as mining industry is partially cyclical
-Added second batch of SSB to build on interest ladder and may continue to do so
-Added back Wilmar. It is defensive but I dislike their high debt levels.
Let's wait for 7 more days to see how the market react to US mid-term election to decide on what to do next.
I am currently halfway through the book: ......