July 2020 is over and time for another portfolio update. This month has seen quite abit of changes in my portfolio. As the market react to US-China tensions, high unemployment rates and the pandemic, prices have been fluctuating.
I have decided to trim down my portfolio when possible. So this month, I sold First REIT at a price of $0.56 because to be honest, I am very disappointed in the management. First REIT was one of the first stock that I bought in 2017 and I have received about $254.90 dividends from it but lost about $655.95 from the sale of it.
This is because my buying price was high at about $1.20 in 2017. I really want to trim and remove some counters in my portfolio that are dragging the performance down. I tried selling Design Studio (D11.SI) a few weeks back but I am not able to sell it due to a suspension halt since Jan 2020.
I have really decided and found that I am absolutely no good at stock picking though my hands still do get itchy at times.
So I will try not to add anymore individual stocks to my portfolio and solely focus on index ETF.
For my RSP, I have decided to stop purchasing Tracker Fund of Hong Kong (2800) and instead just put it solely into Vanguard Total World Stock ETF (VT). Also, I am thinking of starting a RSP into ARK Innovation ETF, not on a monthly basis but maybe on a quarterly basis as I find it a good growth ETF and since I can take on more risk right now. I am still considering but for now, I will just stick to buying VT monthly.
With so many things going on in the world, it really makes me doubt in investing my money as I don't see a future, with all the countries facing their own set of problems. As I bought most of my stocks at a high price, they are still in the red currently, I will still hold onto them. And I am happy at some of my holdings.
Received $64 dollars in dividends from Nikko AM STI ETF. Expecting $27 from Singtel in August and then $150 from Far East Orchard and $21 from CapitaRetail China Trust in September 2020.
Your portfolio seems a bit complex for a less than 50k investment. Actually, I advice your current portfolio should have no more than 5 holdings. 2 on defensive stocks (ETF & Reits), pick big companies (stable dividends) that we know that could weather the storms in Singapore. 3 on high growth companies to grow the portfolio.
ReplyDeleteDivestment is good to reduce risks but it is a double-edged sword. It is terribly hard to manage more than 10-20. Take time and experience.
Hi Kai, thanks for your suggestion. I have to admit that I have really bought too many stocks. I am currently trying to just focus on my ETF RSP and not to buy so many stocks. Thanks!
DeleteGreat bblog you have
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