Monthly Net-Worth Update — Jul 2023

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Dear Readers,

Thank you for coming here! 

Here comes the snapshot of our Total Net-Worth for Jul 2023.

Net-Worth increase from last month: 17K SGD, +0.09KG Gold

The increase was from improvement in stock market and our salaries. 

Lost a bit due to forex — SGD is strong!

Gold increase negligible.

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Investment: -7.97% annualized return, incl. dividend

Still in deep RED.

The drop in returns, from -6.82% last month, was largely due to reduction in investment amount — sales of airline stocks + expiry of Tbills. 

Till next time!

My Market Transactions — Wk26 2023 - Yes got!

 

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Dear Readers,

Thank you for coming here!

Below are the transactions for last week.

Capital injection: ~14KSGD

1. IWDA - ~14KSGD

I wanted to stay with DCA. But due to a misjudgment on my fund balance, this injection was smaller than usual. 

Photo by Micheile Henderson on Unsplash

Capital outflow: 48K SGD

1. China Southern Airlines - ~48KSGD

I emptied my holdings. I bought it because my wife asked me to and I have been waiting for her to tell me what to do with it. Only recently, I realized that she had forgotten about it. So I took matters to my own hand (also partly due to my misjudgment on fund balance).

Looking at the history, this counter gave me very good returns in multiple occasions over the past two years. I was not able to capture any of it. This week, I dumped it with basically no profit.

This is what happens when people do not understand their holdings enough to know when to add positions and when to sell. The chance of getting returns is close to 0.

A painful lesson to be remembered. 

Till next time!