Nov 28, 2013

Cory Diary : Balancing Act Nov 2013

We are at cross road for STI. Nearing year end makes it more pronounce. I feel is time to do some balancing of the portfolio despite nearing my 200 trades. Frankly I am having fun this year out from those trades which i may elaborate next time.

Cash Level
Raising cash by lowering my down side risk that are sensitives to Interest Rates seem make a lot of sense right now. Not much upsides expected from Reit, Property, Commodity, Shipping etc ... I hate to lose my profit just a month away from book closure ! :)

Re-Balance my Stocks
More exposure on less debt stocks. Reduce holdings that have too much leverage or interest rate sensitives. Banks seem enjoying the ride but the price is a little on the upper side of the trend. I do like to increase my services sector. Property sector seems a no no.

Bonds and Preference
Current exposure to them help. Down side protected with incremental support with time. No plan to change the size though.

Protect my Profits
Double Digits % Returns of Invested so far. It can flips fast if event like Fed announces Taper, as profits this year seems volatile or fragile to me. Is time to slices some losses and do some profits takings to balance their dynamics.


Cory

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