Woah finally! I hit the first number "6" in my portfolio value! That calls for a celebration :D
Anyway, this month saw more optimism in the market. Not saying just about my stocks, all around majority of the highly speculated stocks (those with high trading volumes) see uptrends. Even though Fed raised interest rates again, market somewhat anticipated and priced that in in the dips that preceded the announcement.
I attended 2 AGMs. Netlink and SIA engineering. It's interesting to note that liaising with small companies and taking over just more than half their shareholding is a strategy to expand; you get your satellite base without paying full amount. I think based on this strategy I should bet on upside.. but seems that entry price is too high now. Maybe if it falls back to 2.2X I may enter again, but who knows, if it ever comes back down at this level; and if yes, it means the advantage has been priced in and the competitive edge is already diminished.
I entered 6 lots of Netlink. Considering that they are continuing to play the defensive side, securing shareholders' vested interest while exercising prudence.. Ok, I suppose I can just rely on this for some added income stream to pump into other stocks.
August September comes my "favourite" months; where bulk of my dividends are given out. Please don't disappoint me yea~
