Homework for next 2 months

I was re-reading the article "Avoid The Mistake Most Investors Make" by  by The Motley Fool Singapore and was reminded that the ingredient to success investing is timeline and temperament.  I strongly encourage you to read the full article as it provides good pointers on how to keep level-headed when investing.

One suggestion which I would take up is to write down why I bought the share in my portfolio, my expectations of the share and what would make me sell it. 

I hope to cover all my counters in the next two months.

Portfolio July 2016

I have made some adjustments to my portfolio in July. I decided to reduce my exposure to REIT, so divested CDLHT and reduced SG REIT. This leads to a drop in my dividend which led to the purchase of QAF and increase stake of Valuetronics.

I also added back some Best World when its price dropped form $1.5+ to $1.3+ recently. Finally, I initiated a position on ISOTeam after reading positive reports about it and quite like its performance over the past few years.

With all the adjustment, the current dividend yield decreases to 4.2%.

For Income (55.6%)

REIT (31.7%)

Parkway Life REIT

Starhill Global REIT

Capital Retail China Trust

Fraser Centrepoint Trust

Dividend Stocks (23.9%)

ST Engineering

Valuetronics
Vicom

SGX
SIA Engineering
QAF
For Growth and Punting (38.6%)

Growth Stocks (36.1%)

Straco

Best World

Raffles Medical
Food Empire

Punt (2.5%)

ISOTeam

Best World Joint Venture with Prolife Biobank on Dental Stem CellBanking

My initial reactions on the JV were more negative. Personally think that management should focus on expanding their core business, especially ensuring execution of their business in China market. I also think that stem cell banking business seems to be a stretch from their current business.

However, the investment is only 2.5 mil. So it does not warrant any action at the moment. I am keeping faith with the management that they know what they are doing.

Cleared car loan

Difference of 2.5k. Haiz, should have cleared the loan earlier and saved more on the interest. Nonetheless, I am happy that I am temporary financial free, that is until the next car loan. Wishfully hoping for the COE to drop below 40k by end next year.

Recent actions on the market

I decided to sell the two stocks that I punted Cityneon and Sunningdale Tech upon confirmation of Brexit, in anticipation of a drop in share price after that. However, that did not materialise over the past 2 weeks. Will hold on to the cash for future investment.

As mentioned in the last post, I sold a third of my holdings in Best World. While I am confident of their business in the next few years, I took profit as the share price has risen much in a short period of time.

Lastly, I have taken a small stake in SIA Engineering after reading through what it went through over the past 2 years. I reckon that while earning in near term will be flattish, it will benefit from its venture with Boeing and Airbus in times to come.