This is a continuation of my efforts to restructure and simplify my portfolio. As I start my Maybank Monthly Investment Plan into a few REIT ETFs from today, I have decided to sell my last profitable individual REIT holdings – Starhill Global REIT (SGX: P40U).
Sale Proceeds: S$610
Profit Amt: S$20
Profit %: 3.28%
I’m now stuck with a number of individual stock positions in losses of varying degree. The worst ones are in the Telecommunications, Oil & Gas and Media industries i.e. M1, Starhub, SembCorp Marine, SembCorp Industries and SPH. The unrealised losses add up to about S$12,000, which is terrible.
I can’t even exit these positions with the current bull market and this goes to show how bad my individual stock picking skills are. Somehow, I chose a few of the worst-performing blue-chip stocks to be in my portfolio. I’m wondering whether I can still make small profits in the end if I wait long enough and these industries improve. It’s kind of like waiting for time to fix my mistakes, which is a benefit of long-term investing. Haha.
In the meantime, I hope to gradually reduce my portfolio to just ETFs so I can focus on my Dollar-Cost Averaging (DCA) and Value-Cost Averaging (VCA) index investing strategy. Without having to worry about how my individual stocks are performing. I plan to accumulate my ETF holdings to a large enough size such that I only need to do occasional portfolio rebalancing. While receiving dividend income (albeit lower) and reinvesting some of the dividends.
I would recommend Straco and Nordic.
Thanks for the recommendations!
Hahaha. I see why you are simplifying your investment with ETFs and robo-advisors… “I chose a few of the worst-performing blue-chip stocks to be in my portfolio.”
Yes! I somehow managed to select the worst performing ones to invest in and at such bad times too. Decided I’m just going to DCA and VCA the ETFs from now to reduce the impact of such negative individual stock performance on my portfolio!
it is ok, many people have sph, sembcorp marine, industries and M1 in their portfolio 🙂
Haha, I guess the main question is whether these people have all of them (let’s not forget about Starhub) in their portfolio. Still can’t believe I managed to accumulate sizeable positions in all of these individual stocks!
HI!
Im new to investing.
I know what is Dollar-Cost Averaging (DCA) but not sure what you mean by Value-Cost Averaging (VCA) index investing.
thanks.
Hi, you can research about the differences between DCA and VCA online as there’s quite a bit of material on it. As a comparison summary, DCA is where you invest a fixed amount of cash into a certain ETF/stock at regular intervals of time. VCA is where you invest more cash when the price of the ETF/stock falls and less cash when the price rises.
I feel you. With so many investment instruments spread across different platforms, it is increasingly difficult to track my investment portfolio in its entirety.
Yes! I’m having so many issues monitoring the performance of these investments in local and overseas stock markets since there’s no one tracking platform. Would be good to have all the information flow into one user interface for me to check. Haha, let’s hope this happens eventually.
i also bought SG blue-chips like SPH and regretted big time.
Luckily my positions are rather small.
For local stocks, avoid those being disrupted.
Starhub, SPH, comfort are being disrupted, avoid like plague!
Buy bank stocks! In banks we trust. SG banks are still the best in this region.
Can also consider Venture and other REITS
In this bull market, buy S&P and China index. But caution: who knows whether the bull will end very soon?
Haha, in this day and age, I reckon every industry sector can get disrupted, even the banking one, just to what extent I guess. I’m sticking to ETFs for now until the next major market event!
avoid stock with paper general inside it!! 🙂
Haha, I’m taking note of that going forward!