Let's talk about the outcome of the Election Trades mentioned in my past post.
The outcome was mixed 😂 I didn't get a strong mandate from the market.
Non-SRS account
The mandate was going strong on Monday and my Non-SRS trade unrealised gains was up by more than $8,000. The mandate fizzled out on Tuesday and on the eve of cooling off day on Wednesday, I was "voted" out and the election trades took in $4,627.60 in profits (see table below).
SRS account
I may have won on my "non-SRS" account but I "lost" on my SRS trades. First, I didn't exit those positions and second, my fingers were itchy and I bought 100,000 shares worth of Lendlease REIT at 69c on Monday. 🤕😂
One reader had asked the rationale behind why some trades were in SRS account and some were not even though they were all SG stocks.
The SRS stocks are usually held for the l...