So I decided to post one day before the last trading day of the month..
Same old same old, market sentiment keeps fluctuating. When market goes down, there will be news "prepared" to talk up the market; when market goes too high up, news will be "prepared" to correct the market.
Over the past few months, I somehow saw a trend; stocks go up within the first half of the month, but lost its gains towards the last week of the month. Looks like the best time to sell off is mid-month. Noted, will test it out with future trades :)
Also learnt: stock rebounds may not be because of the same root cause that cause the previous uptrend. For example, if a stock goes up this period last year because of promising results, divesting, the same uptrend may happen this year, but may not be because of "promising results" or "divesting". It could be.. other reasons. Realised a few stocks went up because of huge influx of monies into SGX. Amidst this economic turmoil, SG is said to be a safe haven for a lot of foreign investors - Asia in particular.
August and September are my favourite months in the year cos - DIVIDENDS :D Dividends collected to date already surpassed whole of last year's! I guess all that fund pumping helped :) I think using this as a basis for my dividend portfolio, I shall work towards a portfolio that offers a decent dividend in August Sept, so that I can have 3 straight months of "bonus": July is the civil service bonus, August and September shall be my dividend bonus.
I have not really entered much this month, just collecting dividends and observing stock movement. A good time to accumulate my warchest for the next purchase. Hopefully I have enough to bet big on a stock that I fancy.
Warchest: 180.42
Dividends received YTD: 1472.56