We had a bad start into 2014. Singapore equity lost 6.5% from start of year to end at 2960.09 points (5 Feb 2014). Needless to say, my equity portfolio lost 6.4% between 29 December 2013 and 4 February 2014, mirroring the Straits Times Index (STI).
The table shows comparison of my portfolio and STI in percentage changes.
|My portfolio – Change||STI – Change|
|Betw 29 Dec and 27 Jan||– 3.6%||– 3.4%|
|Betw 27 Jan and 4 Feb||– 2.8%||– 2.5%|
I cannot escape the drubbing. I am staying invested and actually bought in additional stocks to increase the portfolio. I had seen the worst in 2008/09 when the STI was down drastically at 1,500 points level. But it rebounded to 3,400 level last year. In terms of fear factor between 2008 and now, there is no comparison. Back then I did not sell off my equity at a huge loss but kept faith with Singapore companies to re-bound and they did. I felt the same now and is waiting for final dividends from these companies when they report their 2013 financial results in the next few weeks.
Copyright © 2014, limkimtong for Living Investment
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