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Quarterly Review – It’s Bad
By The Moss Piglet  •  April 9, 2020
Quick update on my portfolio performance, it is probably the worst quarter I have experienced. I got a little too excited during the first few weeks of the downturn and bought too much. As the days turn to weeks, I felt like how the band continued to play when the Titanic was sinking. Depressing What have I been buying? Well, oil tankers mostly, STNG, TNK, EURN, FRO, NAT(sold), INSW(sold), DHT(sold), you name it, I have it. They now comprise about 25% of my portfolio. With extremely low demand for crude and refined products like jet fuel, oil companies are starting to charter tankers to store oil and this had caused VLCC rates to rocket. As for Singapore stocks, I have added to...
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By The Moss Piglet
This blog is named after the world’s most indestructible creature – the moss piglet, or also known as tardigrades. These microscopic animals are even more hardier than cockroaches and will continue to thrive for billions of years. The reason why this microbeast is chosen to represent this blog is that we aim to create a resilient investment portfolio for all stages of the economic cycle.
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