My portfolio of local stocks was relatively flat in the month of November. It had underperformed the index by approximately 2.5%. The STI which is a financial over-weighted index was boosted by the rise of DBS, UOB and OCBC share prices over the past few weeks. Overall, my annualized return since 2010 had gone down to 9.19% per annum.
I did not make any changes to my local portfolio. It was a month of dividends bonanza for me because most of the REITS had just paid out their distributions. As for my US portfolio, I am still holding the same shares in G.A.S. The numbers of shares have varied though because I have been selling some shares when any of them rises too much while I have been adding back some shares when any of them falls by a fixed percentage. A trailing Market If Touch order is very useful to execute this strategy. What it does is, you can set an amount in % or dollar amount from the peak price of a stock that you wish to buy. The % or dollar amount set will always trail the peak price. So for my case, I will try to buy back if the stock has fallen by 5 to 8% from the peak.
For those of you who are looking to pick up any US stocks, I strongly recommend that you take a look into Gilead Sciences. The share price of this company had been consolidating in the past few weeks while market participants are waiting for the approval of a competitor drug. Gilead Sciences is one of the few big cap stocks that is still trading at a ridiculously cheap forward valuation. It has a good pipeline of drugs that are waiting for approval or still under clinical trials.
|Annualized Return = 9.19%|
|Stock||Mode||Unrealised P/L (SGD)|
|CHINA MILK *||CASH||-100.00%|
|FAR EAST HOSPITALITY||CASH||-15.88%|