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.
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