I was queueing for a few stocks (Japan Food, Chuan Hup, Figtree) in Dec-Jan but did not manage to buy any. As the price went up and up, I sat out of the market.
Recently I sold 25% of my DBS shares at $20.80 to return some cash to my warchest. In 1 month, DBS share price rose from $18.60 to $21.00 or 13%. It was also the 5th wave of rises since its lowest point of $15 in Nov 2016. $15 to $21 is a 40% increase. I will never know if the prices will fall back to it's low of $13 or rise further to $26 (100% increase). 5 waves of rises and 40% in 6 months is certainly a little feverish to me. I will just sit tight and see where the waves are heading.
The rest of my portfolio remained the same. I did not buy any stocks.
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| DBS technical chart |
I also did a stock take on my portfolio distribution as I had not calculated it since a year ago. Effective yield is 4.1% p.a. For all the effort put in, I am just matching the CPF Special Account (SA) yield of 4%. Excluding Keppel Corp, the yield is 5.13%. 20 years from now, I hope (and I know hope cannot be eaten) that I can tell myself that I made a right bet with Keppel Corp.
