Over a hundred emails and comments came to me in the month of March as we’ve seen one of the most turbulent and turmoil in the market with the uncertainty of the inflation, war and the Chinese routs destroying the markets right there.
If you’ve survived that series, give yourself a pat in the back.
That was certainly not easy to swallow.
I was out for a short 5D4N cruise during the school holiday when it all happened so I took some time away from the massive noise created during the week and by the time I was back, the market has recovered somewhat.
There was not much updates to this month’s portfolio other than a few more accumulation which I will detail below.
First, I added more Tencent shares and while I didn’t manage to add at the bottom, it was a relatively decent accumulation price at HKD 390 and HKD 380. This brings my average further down to now at HKD 450.
I also added slightly more Ping An shares during the month for some dividend plays and I was able to get it at about HKD55. With dividend looming soon in June, I will be looking forward to some cash from there.
I also received my bonus towards the end of March so I channeled that through towards reducing my leverage, increasing my cash position and accumulating the abovementioned shares.
Other than that, the rest of my shares remain the same as the previous update and I have not made any changes to it.
Just like the incident during March of 2020 when COVID struck, the portfolio suffered a deep drop during the month and then recover stronger a few months after that.
I believe this time is no different (until we meet the next crisis or events that are unfolding).
My goal is to keep accumulating good companies and then build on from there. It is going to be slow but I think we’ll reach our goals. We are not even at the scratch of any Chinese tech rebound uptrend yet, so there will be plenty of upside once the trend reverses in favor.
But let’s not count the chick before it hatches yet.
We’ll prepare for the worst and let the upside takes care of itself.
Perhaps the most exciting news which everyone is looking forward this month is the re-opening of the activities throughout not just Singapore but across globally.
What this means is activity is going to be active and high and myself will likely be involved in some sort of trips throughout the year, so I am really looking forward to that – especially seeing my family again after two years long.
Meanwhile, stay safe, agile and keep accumulating good companies.