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!