Another big see-saw this month, with market getting jerky with the falling oil prices with Dow falling and STI falling as much as -80. Then when Fed say they are not going to raise the interest rate so soon, Dow recovered by +400. Market is so unpredictable and the whip-saw is definitely going to wipe out the short term holders.
This month I added Lippo Mall Tr, Second Chance into my portfolio.
Lippo Mall Tr has high dividend yield, not too low PE 11, below NAV and also a rather high debt, quite typical of a REIT :(
I would say I jumped into this is because of their announcement of placement issue @ $0.34 to aquire Lippo Mall Kemang which is a good thing. This suddenly present as a opportunity for me to become a proud shareholder of Lippo Mall Tr :)
Second Chance has high dividend yield but has a high PE 20 (wow), so far my highest PE stock. It has its own special retail niche in Geylang selling gold jewelry and rental property, quite divesified in Singapore and Malaysia. Have been monitoring this stock for quite some time as it is quite stable hovering around $0.445 and $0.45. Let's just take the first step and own some stocks first, we will see how ...
STI vs my portfolio
This month, STI still win because of the Santa Claus Rally. My portfolio also doing not bad by turning positive. Well, have to work harder and in time I am sure I can beat the STI with the collection of dividend and some capital appreciation.
|Oct 2014||-0.3%||-1.32%||STI wins|
|Nov 2014||2.11%||1.95%||STI wins|
|Dec 2014||2.41%||0.27%||STI wins|
Total 7 stocks in portfolio