Saturday, July 13, 2019

Mid Year Review for 2019

More than half of 2019 has passed, and once again, it is time to do a mid-year review of my portfolio performance.

As of today, STI YTD performance is positive, up 9.4 percent (source from Bloomberg)

Thankfully, my portfolio has performed well YTD. As of writing, it is up 21.2% (before adjustments) and up 15.6% (if capital injections and withdrawals are taken into consideration).

This performance is encouraging, especially when compared to the dismal performance last year. It also compares favourably with the benchmark STI YTD.

From now till the year end, I hope that my portfolio can continue to do well, perhaps increase by more than 35%? Or at the minimum, improve on the current performance and outperform the benchmark.

Nevertheless, I am wary that whilst the stock market has reached highs, the economic figures are not very rosy with the ongoing trade wars, tensions, economic restructuring and displacement and so on. In fact, the big news today indicated that "Singapore economy growth slows to 0.1% in Q2, lowest in a decade"! (see link below)

https://www.channelnewsasia.com/news/business/singapore-economy-growth-gdp-q2-lowest-in-decade-11713694

Going forward, I will need to be nimble and react accordingly. Some sectors are still experiencing much hurt. Just this week, a friend from Oil & Gas sector lost his job. Whilst the STI is doing fairly decent, the main sector contributing to its positive performance are mainly REITs. In the broader economy, many sectors are still hurting and there is a need to be selective and I hope that my stock selection and allocation ability will continue to give me an edge in the months and years to come.

Hope to be able to report even better portfolio performance come year end!

Signing out,
Ming

3 comments:

  1. Click here to Forex No Deposit Bonus 2020 List. >>> Forex No Deposit Bonus 2020 List!

    ReplyDelete
  2. TESTIMONY ON HOW I GOT MY LOAN FROM A GENUINE LOAN COMPANY.

    This is a change of life! i needed a loan to open my restaurant and bar, when one of my business partner introduce me to this good and trustful loan lender STEVE WILSON finally God smiled on me by directing me to this new lender who put a smile on my face this year and he did not scam me and also by not deceiving or lying to me but however this lender gave me 2% loan which amount is $550,000 united states dollars after my agreement to their company terms and conditions and one significant thing i love about this loan company is that they are very fast
    You can contact the loan lender via
    EMAIL :stevewilsonloanfirm@gmail.com or whatsapp:+16673078785
    Company website:https://stevewilsonfinancialloanfirm.webs.com/

    ReplyDelete