Thursday, September 2, 2010

Portfolio Update August 2010

2010 Year to date (YTD) Return
Portfolio -1.24%
Equity(Include Funds)  -0.39%
Direct Shareholding 2.46%
Dividend/Coupon/Interest received 2010 YTD$115,981
Absolute Return Since Nov 2007
Portfolio 3.26%
Equity(Include Funds) 18.06%
Direct shareholding19.17%
I would think the economy is still in recovery mode and market is in a stage of confidence building and accumulation for the next leg up. Staying vested in equities, though, I have allocated more cash into Australian short-term deposit of 1-3months tenure. I find having more cash, even if it earns a meager return of 4.5%, allows me to sleep better at night  and not worrying too much on the fluctuation of the equity portfolio.

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Singapore Stock Picker said...

a rare update as usual... any thoughts on the recent run up on wall street, due possibly to the better than expected jobs report?

Wealth Journey said...

Don't focused too much on 1 single data point like the jobs report. A lot of data points(critical or otherwise) collate to form the market's opinion which influence its sentiment.

I still believe this is a nascent economic recovery and market is in a stage of confidence building, unless the macro environment starts telling me otherwise.

I've noticed a higher number of my blue chips moving towards 52wk high and some have started breaking their 52wk highs for reasons unknown to me.

Singapore Stock Picker said...

ok.. i agree with you on not paying too much attention on one data point.. anyway i think the reason alot of your stocks are nearing 52 weeks high is because of what you call the nascent recovery...

just saw a post by you on you are indeed UHNW.....

Wealth Journey said...

Uh.. you must have gotten the wrong person. a UHNW is someone with USD$30mil in investible assets.

I am still trying to reach the VHNW (USD$10-15mil) status. Another 5 more years to my target.

hedge fund beliver said...

From your portfolio update, are you selling most of your hedge funds in your portfolio? Which means you are not believe in HF anymore?