Life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
Friday, August 20, 2021
Random thoughts: Right valuation usually appear only during the wrong time
Monday, August 16, 2021
Cut loss: Diary Farm 30 Percent loss.
I finally decided to part way with Diary Farm.
Maybe years down the route, they might recover, or maybe mainland visitors will start visiting and give a boast to the health care and beauty segment. Maybe YongHui loss is one off.
Well, I need not bother myself with all these anymore.
The consolation from this experience is pays off to diversify, at least for a silly investor like me.
The loss of Diary Farm hardly make a dent to the overall portfolio, since DFI is less than 5% of my portfolio, am mindfully restricted any investment at cost to below the ceiling of 5% of total portfolio value. DFI is already close to 5%, I have many counters in the range to 2-4%.
The reverse is true too, if a few counters gain more than 30%, it also hardly move the portfolio.
I need most of the counters to concurrently run to make any meaningful gain.
I must admits the easy money period is over. Time to just sit back and enjoy the dividends.
Having some cash release, might not be a bad idea too.
I know concentration bets is the rogue in recent years. I do allow 1 counter to go above 5% if it is a highly conviction stock, but never will I allow it to breach 10%.
That is my own rule. No figures for comparison, but I am happy with the returns thus far, especially if I can sleep well, and it is not difficult to cut, as and when required.
Saturday, August 14, 2021
Company prospecting: Olam
Just sharing some of my thoughts here.
Olam is a food commodity trader, processor, producer and distributor. There are a few pieces of good news that I thought but Olam shares are trading a recent low. (Post rights theoretical price should be around $1.6)
Friday, August 13, 2021
Random inner demons
Thursday, August 12, 2021
Quick Updates on portfolio and follow up actions
Monday, August 2, 2021