Saturday, 26 January 2019
Good morning to you all.
It's unbelievable that January is drawing to a close. NYE feels like yesterday, but here we are entering into the second month of 2019.
Anyway, January has been a good month for my portfolio. After the December 2018 bloodbath, I was chewing my nails a little, but deep down I knew the market would recover.
Having said that never once was I tempted to sell any counters, for I'm in this game for the long run, rain or shine.
To be sure, lots of folk must be looking back now on December 2018 and thinking:
'Why the hell did I sell!!?? A monumental crash seemed so plausible...'
Looking back, my mind went thought the same twists and turns. It's easy to hit the 'sell' button when your entire portfolio is screaming red.
And, alas, some people did. Maybe they made a profit; maybe they didn't. That said, one things for sure: someone made a profit.
As we all know, every transaction, whether it be in business or the stock market, has a winner and a loser.
This is the nature of the game.
I felt the sell off was a bit much and decided to take a bite of the following two companies:
1. Wilmar International (P34) bought 8,800 shares
I've read AK47 bang on about this company over the past few years, and I decided to investigate.
I liked what I saw and pulled the trigger. It's a steady ship for choppy waters and has a long way to go.
2. ICBC (1398)
This is the first time I've ventured outside the SGX and it's about time.
I'm impressed with the balance sheet of this banking behemoth and its dividend distributions. Thus, took a speculative nibble.
I plan to add to this in the future and hold for minimum 10 years. Should be interesting to see what happens.
So, there you have it. Two new counters to celebrate the first month of 2019! Let's see where the year takes us.
All for now.
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