Sunday, January 24, 2021

S&P 500 is overbought

and I am expecting pullback in coming weeks or months; about 5-15% correction. With this in mind, I am going to slow down investment for my local portfolio, and may do some rebalancing to my portfolio. I would also use this period to strengthen my war chest.

For my oversea portfolio, I would continue with the DCA strategy but at a reduced amount for ASHR and KWEB since both also seem quite overbought recently. My plan for Alibaba is already mentioned in

One more trading week to end January 2021. Another 11 months for me to achieve my plan mentioned in

Always follow a plan in investing. Cheers!

Saturday, January 23, 2021

Jack Ma 1st public appearance

since October 2020 causes Alibaba share price jumped on Wednesday, followed by a retracement for the next 2 days. However, it still break the resistance at ~US$252 easily. Currently, my average buy price is ~US$240. My plan for Alibaba is to add more:

  • If it goes below US$240.
  • If it goes above recent high at ~$269.
  • If it break above the 100MA
For the past week: 

Sold some Jardine C&C @ $22.81.
Added Mapletree Industrial Trust @ $2.89.
Added Keppel DC Reit @ $2.82.
Added Alibaba @ US$257.20.
Added ASHR @ US$42.40.

STI ranged between 2981 and 3017.

Saturday, January 16, 2021

Gold has continued its retreat

and is getting into my radar. I have mentioned in my previous post that I would plan to include Gold related investment into my portfolio in 2021. I would monitor to execute my first purchase of goldmine ETF based on technical analysis.

STI is back to 3000 after ~11 months - a surge of about 580 points (~24%) since Nov 2020. For the past week, I have:

Sold some Jardine C&C @ $22.02.
Added KWEB @ US$79.90.
Added Alibaba @ US$242.75.

STI ranged between 2968 and 3012.

Saturday, January 9, 2021

What is the next target for STI

after covering the gap mentioned in From weekly chart, STI formed a double bottom and back test at 2800 before moving up to 2900+ region. Potential target for a double bottom formation would be ~3100-3200. This may take few weeks/months.

Currently, STI is moving up due to recovery of cyclical stocks. As STI moves up, I would adopt a re-invest strategy and look out for opportunities to broaden my portfolio.

Did a divestment and several investments this week; mostly based on technical analysis.

Sold some SGX @ $9.76.
Added ST Engineering @ $3.78.
Added Keppel DC Reit @ $2.72.
Added Alibaba @ US$229.55.
Added ASHR @ US$42.55.

STI ranged between 2832 and 2993.

Saturday, January 2, 2021

Welcome BABA

into my stock portfolio.

Yes, I have included Alibaba into my oversea portfolio after doing some research. I understand its intrinsic value is above US$300+ from several sources. As it is still unclear how BABA antitrust probe would end, its share price is expected to be very volatile. My first purchase is @ US$217.60. My plan would be to add more shares at different support levels based on technical analysis.

Happy New Year 2021 and happy investing :)

Friday, January 1, 2021

Monthly Summary of December 2020

Local Portfolio (S$)

Investing: $162277
Market Value: $180230
Accumulated Dividend: $4289

Oversea Portfolio (US$)

Investing: US$9908
Market Value: US$10860
Accumulated Dividend: US$39.71

Saturday, December 26, 2020

Short and quiet trading week

before Christmas. Santa Claus has decided not to give any gift to investors :(

I have added ASHR @ US$38.51 and KWEB @ US$76.75. Alibaba has captured my attention when it retreated 38.2% from its peak 1 month+ ago. Now, I going to start to monitor it after it plunged to US$222/HK$228 on 24 Dec 2020. However, I would need a plan if I want to invest in Alibaba. Should it be buy at support levels or DCA?

STI ranged between 2834 and 2847.

Saturday, December 19, 2020

Summary for 2020

It has been 7 months since I start to create this local stock portfolio which focus on building passive income via dividend. I am glad that I have followed and even exceed my initial investment plan for this year.

Next year, I would not be putting in another $160k+ in local investment. I would adopt a more gradual approach. My plan for 2021 is to increase this investment to ~$180k.

If you have followed my blog, you would have know that I have also create another stock portfolio to gain exposure to oversea stock markets to focus on yearly growth. Since I am new to oversea stock markets and do not have time to do research, my strategy is to play safe and just purchase ETFs. I filtered them to my preference of China and Technology companies, and started to invest into ASHR and KWEB. I have adopted dollar cost average method. I have invested about US$9k till now.

My plan for 2021 is to increase this investment to US$28k. I am also considering to include a small portion of Gold related investment.

Happy investing and always has a plan!