Friday, August 14, 2009

Start shopping again

Haven't blogged in a while as the new school term had started, and there were plenty to be busy with.

Had sold off about half of my SGX stocks before and slightly after the market had corrected, and while the index hovers around the region of 2600 and prices of some counters have dipped, it is time for some stock shopping again.

Having made the mistake of overdiversifying earlier on, I had to be more selective this time around. The thing about buying a little of everything actually increased risk exposure, and profits if any, were little for each counter. Hence the investment horizon had to be longer if any significant gain were to be realised across the stocks.

Decided to focus more on the REITs and property stocks this time around. Bought in Yanlord Land in the morning, and still queueing for Allgreen Properties.

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