Portfolio Update April 2009

Cumulative Return since Inception: -9.78%

Dividend/Coupon/Interest received YTD : $20,400

P/S: Despite the market run up, I have allocated more into equities for the month of April. Going forward, I expect to be putting more cash to work whenever a correction happens (like what is happening today).

Individual stocks are from Hong Kong, Singapore and Australia. ETFs are from US, Europe, Hong Kong and Australia.