A New Chapter

Collected my BTO keys yesterday. Great news HDB has done up quite an impeccable job I was pretty impressed. apart from some minor cracks on the wall plaster and shady paint job on the door frames, the overall workmanship i will give it a 8/10.

Opened a Tiny Position with Dairy Farm International

Decided to add a tiny position only 200 shares maybe hastily on Dairy Farm International yesterday. It was between Sheng Shiong and Dairy Farm International.

We will just discuss on the surface here and not get into the details. Sheng Siong seem to be a little pricey for my liking having up a new high recently at  SGD 0.90  but Diary Farm the big giant has slipped a little and they are trading for quite a discount at USD$6.60 .Past performance is never an indicative of future earnings, 

Dairy Farm recently in Aug 2014 invested $925 million to buy 20 percent of Yonghui Superstores Co. as it seeks to tap China’s growing consumer market.This buyout gives Dairy Farm exposure to a growing China grocery retail market. Should they fail to beak into the Chinese market with one of their biggest investment to date, I think it will surely impact the bottom line and we will have to watch our positions closely and revisit 1-2 years from now!

I have been terrible at bottom fishing (1/6 TA, FA even worst) but  I hope to increase my position to 500 shares in near future because i do see a potential in growth in this counter. This should be a great defensive stock. Hopefully Sheng Siong will also be trading for a slight discount in time to come when i built up my war chest!

The problem of being too kan chong in the stock market

How many times have we open a position and only to see it drop lower and lower and lower and before you know it, you are sitting on 10% losses.  Fundamentally, these shares are relatively sound, with good growth and dividends but guess what 3/4 of my portfolio is in red even thought STI has rebound above 3000.

Lee metal, Singtel & Sembcorp Industries were purchased before the 24 Aug 2015 crash. I purchased them at dips hoping to get some buffer but hey dip can dip lower. All these shares reached their 52 Weeks low Singtel at S$3.48, Lee Metals S$0.27 and Sembcorp Industries at S$3.08 but I didn't average down on these good counters because I have exhausted my war chest. Hence, market timing is important and always don't show hand too early :P

I added a small positions to 2 REITS counter AIMS AMP Capital & Cache Logistics recently with my limited funds because I have exhausted them previously. While they do not offer much buffer as I purchased them while on rebound, I am setting aside some money for my war chest and emergency funds in my OCBC 360 account and hopefully I be able to invest when the time arises.

Invest X congress 2015

Missed out on the early-bird ticket because i saw it late. But it was quite an eye opener with presentations  by Victor & Rusmin on growth and value investing. It was a tad fast because i wasn't able to take down notes fast enough but overall it was fruitful!

Managed to grab a photo with mystery man AK71 whom in my opinion is giving society by sharing his knowledge and daily rumbles via his blog. Thank you AK71 :)

Starting from ZERO

An uptrend line intact but trading sideways.

Starting my Journey

Earlier this year(May 2015), a friend was casually mentioned how she made some money from the stock market just 1pip off a penny counter, Xpress Holdings and that got me all interested.

I decided ride the wave together(sharing brokerage) bought a small position on Xpress Holdings and made S$50. Through this transaction I learned it wasn't so simple to make money. To buy cheap and sell high, you need to Queue to Buy & Queue to Sell.

We queued for a few hours got it at 0.017, then when it jumped to 0.018. WOW, SELL!! so excitedly I told my friend to sell them. However, we did not managed to sell it. I was confused why is last done 1 million shares all bought but but I wasn't able to sell my shares! So that night I did some google-ing and read up and of course I realised everything also need to queue. Being kiasu Singaporeans we placed a SELL before the market opened so we can be ahead of the masses. Finally SOLD, so many anxiety for S$50. It took me awhile to figured we can simple buy and sell base on spot price on spot but that an handicap :)

Welcome to the stock market.