I have not written in this blog for 9 full months and am pretty ashamed of it. The last 9 months was bad for my investments as the markets tanked. During this period of time, my main investments were:
1) Stocks.
A) Buying of warrants which I failed miserably. I started buying warrants using swing momentum and was gaining a bit, but when the markets start to get irrational, my winnings was wiped out in a blink of the eye and got into more losses. My weakness is that I often do not get out of a losing trade. Mainly trading in HSI warrants under Macquarie.
B) The other investments I have made, which I have gathered and will accumulate, are the high yield stocks. Mainly the reits or shipping trusts. Presently, I have First Reits, Lippo Maple Infrastructure Reits, Cambridge Industrial and First Shipping Lease Trust. My priority is to get the highest yielding stock. Currently, these stocks are giving at least 8%pa dividends. My aim is to accumulate enough to get some passive income from these stocks. Target is $10k/yr from dividends by 2015(7-8yrs).
2) Funds
The funds did badly over the whole period. I made the mistake of putting money into a China fund and it is now <70%.>30%. I have also supported a friend, who has just joined the insurance field by buying a couple of funds. I have not monitored the funds but I know it is losing money.
3) Lastly, over the last few months, I chanced upon an investment which is a bit controversial. It's basically a high yield deposit. As the "bank" does not have the reputation to guarantee the amount, it puts down a collateral to the depositor. I have tried with small amounts over the last few months and have received the interest and gotten back the principal.
I have a few stocks under my radar and is itching to buy but i am very tight in cash. Moreover, I heard that the market has a good possibility of going down again. Thus, I am staying put. When I have the money, I will put most of it in my yield stocks first before considering the others.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment