The Ukraine war continued well into March. Oil prices shot up to record highs, much to the temporary delight in investors or traders vested in oil related stocks. But because of its volatility, not to mention it being somewhat a result of the war, some gained while some got their fingers burnt. Unfortunately, I belonged to the latter.
This month I also noticed how investors and traders rode the volatility wave. First the oil prices, much to the temporary delight for investors or traders vested in oil related stocks. Second, tech stocks as competition in the digital world heats up, raising demand for semiconductor chips and data centres. Third, the reopening of Singapore's borders sent hospitality, transport and retail stocks up up and up and that is just the first big step into recovering the economy.So much movement in the market, but I made a mistake of not entering, knowing that there is upside potential. Comfortdelgro, lendlease, UMS, just to name a few. And impulsive me decided to spend my luck on a poorly analysed stock, Geo resources instead... entered at an all time high and exited at a low. Quickly pulled out before my fingers get burnt even more; lost about $600 bucks. Wasted my profit from selling Singtel.
Towards the last few days of this month I entered Lendlease, for fear of missing out. Considering that they acquired the entire JEM building, I will see some potential in its portfolio growing. Its meant for a long term investment so I hope I'm not too affected by the current price movement - and of course missed the deadline for a advanced distribution payout :( It is now the top holding by value in my portfolio now!
I guess I now owe my portfolio 3k now since I haven't injected a single cent this year. Oops.
April will be a month for stocks to accumulate value (and my warchest). I should see the prices slowly creep up as Singapore regains more confidence in its economy. I will just remain defensive on my portfolio and not try to speculate, as I doubt any stocks will shoot up so high that it is worth taking profit from. Having said that, I'm still feeling sour that I didn't manage to capitalise on the low prices. Sigh. Consider it a lesson learnt.
Update #4:
Warchest: 848.81
Dividends received YTD: 355.24