Sold Off 292k Worth Of Shares
Last 2 weeks was crazy for me. I just cant stop selling! I started with Cromwell, BHG and Sasseur. I ended up with divesting Frasers L&I, Ho Bee, Starhub, Capitaland and DBS as well!
I decided to take advantage of the 2 months rally starting from earlier this year and took profit. Starhub was the only 1 that i cut lost(around 2.5 percent lost after dividend). Though, i still have faith in Starhub, but the majority of the market does not think that way and the selling is slowly gaining strength. I am also trying to be prudent and discipline in selling stocks. As long as i have at least 10% gain, ill do it.
Things are getting more volatile and the rally seems to be slowly running out of steam. I am a sure a trade deal between USA and China is on its way, but i think this news have been factored into consideration of the rally so far. Moreover, what we need more is details of the deal.
Economy of Europe is in a mess, China is in a mess, in fact it looks like the whole world is in a mess except for USA. However, the latest jobs data shows that only 20000 new jobs were created vs an expected 180k jobs!
In total, i have sold off 292k SGD worth of shares since the start of the year and i feel lighter already!
If you keep selling stocks after only 10% gains, then you're depending mainly on your job / active earnings for growing your funds. But I suppose peace of mind is priceless.
ReplyDeleteNot really. If the gain is already 10percent, that is already a 10percent growth that didn't come out from my pocket. I do intend to plough this back in, albeit at a better time. For now, I just want to stand at the sideline. In any case, I'm still maintaining my core dividend portfolio.
DeleteBut thanks for the comment though!
Hi Happy Reit Investor
ReplyDeleteWow thats a huge divestment there, but I guess its never really wrong to take profits off the table if you feel valuations are top.
Seems that you have done a great job by selling your shares. All the best for your future!!
ReplyDeleteI am inclined to think that we may see a period of volatility but not a bear market type of sell off. There is no recession - just a slowdown in growth. And this is acknowledged by Central banks around the globe, many have taken on a dovish stance.... ECB is announcing a new round of quant easing while Fed has indicted that they would pause the rate hike. The global market is still flooded with liquidity and this liquidity would make its way into Markets again. So maybe some correction but I do not think it is a sell off. And the danger of exiting the market is that you may miss the boat and the market rallies past your exit point. In any case, never wrong to take profits.
ReplyDeleteYeah i kinda agreed but i just feel jittery about how the market is rising without much substantial good news. The trade war deal has been pushed to april, now to june. Surely all the positiveness have been factored in, and trump has been using this card time and again to jab the market into life. In any case, i am still quite heavily vested in the stock markets. If the rally continues, its still good for me!
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