Saturday, May 31, 2008

0 comments Posted by sw at 10:29 PM

2008 Q1 Review

It's review time. Finally i get to see some good out of my investments. Did some funds transfer during the past 2 months, to re-allocate my funds. I am moving away from pure China funds now, although i still hold a large amount of them. Bought a new fund from SGAM few days ago, transaction is still in progress so i won't be posting any of the information yet.

Totally moved out of Schroder BRIC, the shifted does have an impact, my other funds are profiting again.

My funds holding & return

  1. Fidelity China Focus-SGD (-23.50)
  2. Fidelity EUR Agg A-SGD (+1.54)
  3. First State Glb Resources (+10.27)
  4. PRU Global Balanced Fund (+1.51)
  5. Schroder Asian Growth Fund (-7.52)
China Focus dropped a little in losses from -25.02 to -23.50, China is a NO for now. I will most probably shift everything from China Focus to other funds without these 2 months. EUR Agg is profitable at on 1.54%, but it is still better from my last reviews, -7.84 to 1.54, not too bad.

The best so far has to be FS Glb Resources, from loss making of -1.28 to profit making at 10.27, the rebounce is the fastest among all my other funds, and it helps in the overall P/L. Pru Glb Resource also recover a little from -3.22 to 1.51. Asian Growth is a little disappointing, it is still volatile, lots of price swings within the last 3 months, gone from -15.41 to -7.52. Nevertheless, my overall portfolio is recovering, but i am still at a loss, -3.51 as of today.

The China fund has brought down the portfolio performance, but overall performance is still OK compared to a total loss of -13.32 three months ago. Losses dropped by around 10%, not too bad for now.
My investment is getting a beating from US slowdown, asia markets did not decouple from US, unlike what i have read. I wonder if i will have enough money for retirement in 30+ years time given the growth rate of my retirement funds.
My stocks investments are still losing money especially Ecowise, it's the lousiest investments i have ever made. I would be happy if i could just breakeven for now.
My stock holding & return
  1. Ecowise Holdings Limited (-32.2)
  2. KTL Global (+20.78)
  3. Lian Beng Group (-20.73)
Ecowise impoved abit, from -42.37 to -32.2, KTL is profitable now at +20.78, i am still holding on and i may not sell away this stock soon but i am considering selling away Ecowsie and Lian Beng.
Total returns: -14.08
Hopefully by the time i write my 3 reviews, i am back with profits.

 

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Tuesday, May 20, 2008

Eat shark's fin or tou gei, 2008 Q1

0 comments Posted by sw at 5:38 PM

Summary
KPI, 2008 Q1



Biggest loss (Unit trust)
  • -25.02% Fidelity China Focus-SGD

Biggest loss (Stocks)

  • -42.37% Ecowise Holdings Limited

Best gain (Unit trust)

  • None

Best gain (Stocks)

  • None

 

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Wednesday, May 14, 2008

Revamp

0 comments Posted by sw at 11:20 PM

Looks cleaner now.

There some changes to my blog...

  1. Watchlist removed
  2. General post will be added

Unchanged....

  1. Quarterly reviews

 

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0 comments Posted by sw at 10:59 PM

2008 Q1 Review


I am late for this review which suppose to be posted on 01/03/08. The last quarter was bad, but the current quarter is less merciful to my portfoilio. Profit slipped further to -13.32%, biggest loser comes from Fidelity China Focus-SGD follow by Schroder BRIC Fund and Asia Growth. The loses from these 3 pulled down the performance of my whole portfolio.

All the funds have yet to recover from the subprime's ill effects.

My funds holding & returns
Fidelity China Focus-SGD -25.02
Fidelity EUR Agg A-SGD -7.84
First State Glb Resources -1.28
PRU Global Balanced Fund -3.22
Schroder Asian Growth Fund -14.18
Schroder BRIC Fund -15.41
Total returns: -13.32%

China Focus slides further from -16.70% to -25.02%, 1/4 of the capital was gone, but i do get some consolation from the same fund manager for EUR Aggressive fund, loses have reduced to -7.84%. First State Global Resources has also recovered and i believed that this fund is moving towards a positive note within the next 2 weeks.

Prudential fund is doing well too, my consolation for this quarter. The most disappointing funds are the Schroder's funds.

My overall portfolio returns still failed to brighten my day. China and India funds are the worst hit. I am looking to further diversify my Schroder funds and Fidelity fund into fixed income funds. I have yet to decide which fund to go into as of today.

My stock holding & return

Ecowise Holdings Limited -42.37%
KTL Global -9.09%
Lian Beng Group -7.32%
Total returns: -22.74%

Ecowise dropped, nearly half of my capital is gone. I received the Annual Report several weeks ago, i can't remember which day. Overall perfomance of the company is improving turning into positive profits from negative.

I managed to get KTL Global and Lian Beng on the same day after several missed attempts for the past few months. Got them at the price i wanted, current negative signs due to the cost of buying the shares.

Lian Beng is a good company while KTL yet to be proven for its share price, taking a little bit of risk here anyway the investment amount isn't big.

Next review in June 2008.
Current watchlist: GRP, Tat Hong, Sincere.

 

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