Apparently, I make a small profit from the recent Singtel shares I have sold. Therefore, I bought additional food as a form of grocery donation to help the disabled people adding onto the previous donation.
Archives for October 2015
Sold off all my 15,600 shares at the market value of $63,336, profit $202.80 at 0.32%
Going forward, there’s 3 area the investors need to watch out for (interest rate, China currency & oil prices)
Among these 3, the obvious one which is going to take place will be the interest rate. On the 27th and 28th of Oct 2015, there will be another FOMC meeting by Fed follow by Dec meeting. Therefore, I would rather sell off my position & observe the situation before I re-deploy my capital in the stock market especially due to the interest rate concern.
Especially, since July I have invest in Singtel & due to the market volatility, I am not able to breakeven or realize the profit which I have mentioned before. And from my understanding, several investors are either making losses or stuck with the existing position. In fact, this small profit is not within my expectation & expected I am also stuck with my position like the rest. In response to the selling, I will not be receiving the $1060 dividend for the month of Jan 2016.
So, my approach now as what I have mention, when something is so obvious going to happen, do wait at the sideline and take advantage of this opportunity when the market turn bearish.
There are so many ways to obtain information pertaining to the companies you have invested, it could be from online, books and others. And annual report is one of them.
In fact, according to Warren buffett and Charlie munger, most of time are being spent on reading the annual reports and newspaper.
The annual reports are readily available to be downloaded online which can be found on the company website. However, I would still prefer to read the hard copy instead.
On the annual basis, the company will send the hard copy to their shareholders or if you have not been investing in the company, you could actually request the hard copy from them by dropping them an email & most of them will send it to you within a day or two.
Read as many as you can especially those you are keen to invest in it, the information you receive will aid you to make a better judgment in your investment decision.
Typically, I have a watch list of stocks which I will be keeping tracking & trying to understand their business as much as possible. My reader would have notice some of the stocks which I have been buying and selling from my track record.
However, after all these years of picking selected stocks for capital gain or dividend or both, I notice quite a number of the good companies are facing challenges in their business which din occur for the past 10 in regardless whether is it in Singapore, USA or others.
Therefore, the whole global market are undergoing changes which will be a lot different compare 10 years ago. Which translate picking individual stock will be harder.
Nonetheless, buying companies that always pay consistent dividend could possess some challenge going forward, which is important to consider how long the company can survive greater than other fundamental factors the investor will be looking into it.
Which I do not rule out, I might be picking fewer stocks in future to consider other investment vehicles switching to global stock/bond index fund to accommodate the global business change.
A good fundamental stock picker would have to understand & look into the business he is investing, business competitors and external related business changes which will affect the business.
Apparently, last week the job growth in US shown weakness and market speculate FED will be delaying the hike for this year. And this causes some rally for the stocks prices to go up.
However, we do not have a crystal ball to predict when will be the actual period for the rate hike. Nevertheless, for dividend Investors like us, we should not be too concern over the short term interest rates rises hence we should think about the long term instead. Which make more sense.
Therefore, buying good quality companies that pay dividend is a way to go. In any cases, should the market tend to tank during the rate hike, we are still able to collect our dividend as usual & at the same time buy more shares if the share price is fairly value or under value.
The handicaps welfare Association (HWA) has been providing food ration to disabled in Singapore for over 40 years. http://hwa.org.sg/
Today, HWA requires greater support from the public and corporations to meet the need of the increased population of disabled.
Therefore, I bought some food as a form of grocery donation to help the disabled people.