Friday, February 4, 2011

Portfolio Update January 2011

2011 Year to date (YTD) Return
Portfolio 0.76%

Dividend/Interest for 2011   $16,609

Absolute Return Since 11/2007
Portfolio 12.48%

Egypt and the Arab countries "crisis" on display but no hit to the market. Rightfully so I might think as they do not dominate World GDP as much as China, USA, Japan or Europe. Market has been exceedingly bullish in my humble opinion. Every small dip is supported within a few days by huge positive buying. I believe market is efficient to the extent of discounting news that are already known. Only black swan or Recessions will cause human emotions to run amok making irrational behavior and thus, making market inefficient.

So, right now.. I can't think of anything that will derail the market. As usual.. Only the unknown unknowns will kill you, not the known unknowns.


Singapore Man Of Leisure said...

Happy Chinese New Year to you too!

I've taken some money off the table last Dec 2010. I am now 25% in cash - a bit similar to your portfolio.

This way, market go up I smile. And if correction (10% drop from top) comes, I still have ammo to buy the dip - still can afford a smile.

Thanks for commenting on my blog. I am still searching and playing around. Planning ahead for my "unemployment" next year. This way, can still be "connected" with society without the support of ex-colleagues.

Wealth Journey said...

Happy Chinese New year to you too :)

Ya, it's better to always have a cash reserve in your portfolio as you never know what will happen. This is especially important for those whose portfolio value far exceeds their yearly annual salary.

Regarding the "unemployment" part, I hope you are going to still be gainfully employed but at your own time your target type. I've been jobless for 3 years and I'm now starting to look for job. :) I have no sense of holidays or weekends nowadays. Chinese New Year is another day for me. No holiday mood since I'm perpetually on holiday. Weekend is another day for me since everyday is a weekend for me since I dont have to work. So, I think I yearn for the social network an office place offers.

Singapore Man Of Leisure said...

I understand what you mean. That's what I fear too.

For the first 9 years of my retail working life, I have shift work and burned most weekends. Weekend offs were so precious to me! Then when I switched to normal 5 days office work, weekends became "normal" - no longer "special". Life is funny sometimes!

Thanks for caring. It's the own time own target kind. I'll probably do the 3 days fish and 4 days dry net kind or "retirement".

All the best to the continuation of your journey!