Rebuilding Portfolio After Partial Sell-off For Property Purchase
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Lemizeraq
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stocks and shares
Took a while to rebuild my portfolio of stocks and
shares after selling a big chunk of it to finance my property purchase nearly
two years ago.
It currently looks something like the pie chart you see on your left.
I took the opportunity to take profit for the index stock that I have been
buying for a few years and also sell off stocks which made some money and those
with losses.
So the ones left were mostly money making. Right now after almost two years,
Elec & Eltek and Hyflux are the loss making counters while the rest show
gains.
The portfolio as a whole, including the loss making counters, is showing a
profit of more than 30%, excluding dividends earned, which isn’t too shabby but
nothing to shout from the rooftops either.
The strategy going forward for me is to continue with the monthly dollar cost
averaging into the STI ETF and the Infinity US 500. I’d be looking at stocks
specifically when there is a bonus or when funds materialises. There should be a
sum coming when we sell off our current flat which will be invested back to
stocks and shares. This will help earn dividends which can be reinvested or used
to pay the housing loan for the new property. The focus for new stocks purchases
will be on dividend paying stocks which will be in the local telcos, REITs or
bank stocks.
When the new funds comes after the sale of our current property, I’d probably
sell off the loss making counters and look to add one or two company/ETF/index
fund to the portfolio while keeping the list at about 10 different
positions.
In a way, my portfolio is a aggressive because we don’t have bonds in there,
but my focus is very much to build up the portfolio without the drag of bonds
which I’d only add later when I’m about 10 years from retirement. The only worry
is I am over invested in one counter, OCBC, as more than 1/3 of my portfolio is
there. Once additional funds come in, I’d probably rebalance the mix by
investing more in other counters or the newer counters.
Nothing much else has been going on as I’ve not been monitoring the
investments very closely, except adding to the OCBC position when there was a
rights issue last year which has since appreciated.
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Disclaimer
reliance placed on information provided in the blog.
Shares and financial instruments illustrated in this blog can go down sharply or in certain instruments suffer total loss on the initial investments. Investors are advised to make their own judgment on the information provided and consult their own financial advisors or consultants as to the suitability of the products illustrated to their particular financial needs and objectives before acting on any information contained herein in this blog.
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