Small investor's portfolio

I promised a quarterly reviews on my portfolio each quarter but unfortunately my laptop broke down few weeks ago leaving me "handicapped", i am very dependant on my laptop to access information so it's quite frustrating for me when i can't use it at all.

The beginning of this year isn't too good for my portfolio. Actually, it started like in the last quater of 07 when my funds started to bleed, but have recover abit but still in the read. My only stock holding at this moment is in Ecowise Holdings Limited.

My unit trust portfolio is in the red, overall loses of -9.58% and individual funds perfermance ain't good. I have a total of 6 funds mainly in equities and mostly in the Asia region.My funds holding & returns

1.Fidelity China Focus-SGD -16.70 %

2.Fidelity EUR Agg A-SGD -10.19

3.First State Glb Resources -9.01

4.PRU Global Balanced Fund -5.53

5.Schroder Asian Growth Fund -4.92

6.Schroder BRIC Fund -9.36

Total returns : -9.58%

This is a very bad time for my portfolio. I have never made more than 5% of loses in unit trusts investing before and none of previous holdings have seen each and every unit trust losing money. But, i still believe that this is very temporary, a knee-jerked reaction from the sentiments that US may enter a recession and China's economy may burst especially after the Olympics, which i believe ain't true at all. US will not enter a recession and China will continue to grow but at a slower pace to prevent over heating at this time especially when the attention is turned to China and investments capital have shifted from US to India and China.

This is a very good time to buy cheap units as long as the holding power is there.

My stock holding & return

1. Ecowise Holdings Limited -37.2%

This is also a single and biggest lose i have incurred since the day i started buying shares. I bought this counter at 0.295cts, this stock is struggling at the bottom of the trend after a gap down. It is still consider cheap at 0.295cts but it's even cheaper if i buy it now at 0.215cts. Nevertheless, i can still hold on to this stock. I am not in the hurry to use the money now.

There are a couple of stocks i am looking at which could be found under Watchlist. I still believe it's a good time to consolidate some cash for investing.