Recent Transactions and Dividends: June to August 2018

The market has been restricting much upside gains but it is a good time to accumulate on the dips. As you guys noticed, I frequently change stocks to gain on price appreciation and sell them when limited upside is foreseen. This is my strategy as a young investor to build up capital size. The strategy will definitely change to a high yielding portfolio as I age to reduce the risk reward ratio.

Sometimes, my exit may be too early which is something I am still mastering. Like Peter Lynch wrote in his book, “It's easy to make a mistake and do the opposite, pulling out the flowers and watering the weeds". I believe my stock picking isn’t shabby but I am guilty of selling stocks too early at various occasions despite making profits.

Recent Transactions and Dividends:

June 2018     

Purchased: LCI Industries, Singtel

Sold: IRobot

Dividends: LCI Industries

-Profited from IRobot with a 20% gain ($80.50 - $67). After which, it continued to rise another $15 per share.

-Added more LCI Industries shares to my position.

July 2018                   

Purchased: UOL

Sold: UOL, Singtel (those bought in June)      

-Earned some pocket money by trading UOL and Singtel (non-contra)

August 2018

Purchased: ST Engineering, Alibaba ADR

Sold: Sanofi ADR, LCI Industries          

Dividends: Singtel

  
Sanofi was sold with a decent 9.6% gain. Finally, Singtel investors received some juicy dividends while taking current paper losses. Singtel is the only stock which I bought for my parents and my girlfriend to help them better fight inflation. The recent price drops do give me some concerns mentally but I believe the fundamentals are intact.

LCI Industries was trading widely recently and I have to let it go for now with only a 5+% gain. despite some hesitance. It may be a good thing since it is a pure cyclical stock. 

I have also purchased both ST Engineering and Alibaba at near key support prices using DBS Vickers Cash Upfront. This is my first time using cash upfront on a foreign stock, saving me additional brokerage fees.

Alibaba will be reporting their Q2 2018 results on next Thursday, 23^rd August. So please keep a lookout if you are interested. Like many investors, we have great confidence in Jack Ma’s leadership and Alibaba’s vast business model: Lazada, Alibaba Cloud, TMall, Taobao, Zto Express, Yahoo China , Ofo Bikes etc. And recently Kroger.

I have updated my portfolio in this blog. While exercising control on my portfolio size, I will be watching shares of Alphabet, Sanofi, LCI Industries and a UK fast grower closely to take advantage when price is right.

*Ranking is based on portfolio size

Bumitama Agri will be issuing dividends on 14^th September after reporting fantastic results along with Wilmar recently. 

Congrats to investors of both clans and let's await for some dividends.