Thursday, December 11, 2008

Trader or Investor

I bought 2 lots of NOL at $1.15 yesterday. Today, the price of NOL shot up to $1.34 and I sold it.

Was it right for me to sell? Only time will tell. But it seemed like too good a deal to miss. More than 10% gains in a single day.

So I guess you can call me a trader - investor. Investor because I keep some stocks for the long term. Trader because I do keep some stocks for the short term.

These are my current list of stocks:

1. First REIT
2. Ascott REIT
3. Suntec REIT
4. Pac Andes
5. Kingboard
6. Innotek
7. Unifood
8. NOL
9. China Aviation Oil
10. Hongguo

My Monthly Passive Income has hardly budged over the past month as I have not bought any income stocks. The $300 plus that I got in dividends for the Month of November will go to my Maybank iSaavy Account.

During this financial turmoil, I also have rebalanced my portfolio under my investment linked policy.

Equity markets (US, China, Europe, Emerging Markets) - 60%
Bonds, Fixed Income - 20%
Global Resources/Commodities - 20%

Hopefully this rebalancing of my portfolio will aid me in my financial freedom journey as my ILP now has over $20k in it.

Wanted to end one of my life policies but decided against it as its current surrender value is lower than all the installments I (and my parents) have paid for. My parents bought it for me when I was young and handed it over to me when I started work. While the current surrender value is very low (13k), the bonuses accumulated is close to 18k. By paying it off for another few more years, I should be able to break even and maybe surpass the installments that I have been paying for it. It is a life policy anyway so I will just treat it as part of my retirement plan.

During this period, I also increased my life insurance coverage and critical illness coverage.

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