Man Proposes but God Disposes
When I post on 31st Oct, on Wash my cards, basically as I said " The goal is to protect capital, maximise dividend, risk adjusted." The market looks like going for another deep dive like in March 2020. Therefore the learning will be how to mitigate the situation. The main change is removal of STI ETF due to expected lower yield coming distribution because of banking segment dividends have been restrained. And a few counters. However most the portfolio I was prepared to go with the swing and considering the amount of cash raised that can be quickly put to pick Durians. LOL
On exactly the next week trading day, STI ETF starts it maiden climb. Roughly 400 points !
In Cory Portfolio, the swing is $88K from negative loss to positive returns. What-if STI has stayed in the game ? About $11k additional gains. However during this period , I have put some of cash into Vicom and a few counter changes which help to alleviate few K returns. So in total the mitigation cost me probably 6 to 8K of returns. I would have hit a few more if manage to buy SPH in time which I was about to prior yesterday .... omg ... the rise is crazy ... to my frustration.
So here we are with higher yield dividend portfolio but slightly lesser net returns from past 3 weeks. What notably is the STI pace may not be always align with the banks so is broad based economy that the market was pushed higher into. This is rare in recent times and I am not sure it that a new direction which big money is buying into a broad index concept. Nevertheless the gap is now much smaller in the range of 15% against Cory Portfolio. I am still happy as I rather to be in positive than winning STI huge but with negative returns.
Singapore broad economy is still weak while Japan and HK go into another Covid spins. So a pull back is possibility from the capital flow injection which is blunt imo. Nevertheless I will rather take a 3% Positive returns anytime for the portfolio. Staying vested in market in sizeable manners help me this time again though I still find it could have been better to me ......
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