My stocks portfolio - Nov 2014

My portfolio of local stocks was relatively flat in the month of November. It had underperformed the index by approximately 2.5%. The STI which is a financial over-weighted index was boosted by the rise of DBS, UOB and OCBC share prices over the past few weeks. Overall, my annualized return since 2010 had gone down to 9.19% per annum.

I did not make any changes to my local portfolio. It was a month of dividends bonanza for me because most of the REITS had just paid out their distributions. As for my US portfolio, I am still holding the same shares in G.A.S. The numbers of shares have varied though because I have been selling some shares when any of them rises too much while I have been adding back some shares when any of them falls by a fixed percentage. A trailing Market If Touch order is very useful to execute this strategy. What it does is, you can set an amount in % or dollar amount from the peak price of a stock that you wish to buy. The % or dollar amount set will always trail the peak price. So for my case, I will try to buy back if the stock has fallen by 5 to 8% from the peak.

For those of you who are looking to pick up any US stocks, I strongly recommend that you take a look into Gilead Sciences. The share price of this company had been consolidating in the past few weeks while market participants are waiting for the approval of a competitor drug. Gilead Sciences is one of the few big cap stocks that is still trading at a ridiculously cheap forward valuation. It has a good pipeline of drugs that are waiting for approval or still under clinical trials.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	FY
2010	-1.75%	1.36%	2.98%	4.36%	-7.12%	4.40%	4.49%	-1.38%	6.76%	3.09%	-1.61%	3.93%	20.38%
2011	-0.03%	-4.77%	2.07%	1.29%	-0.32%	-2.39	-0.33%	-8.34%	-6.53%	7.52%	-7.05%	0.52%	-17.85%
2012	9.41%	5.52%	2.62%	-0.22%	-3.13%	2.55%	2.84%	1.99%	4.27%	-0.34%	0.11%	2.75%	31.67%
2013	5.18%	2.33%	3.02%	1.95%	-2.98%	-3.45%	1.96%	-5.22%	4.12%	3.19%	-0.93%	0.73%	9.71%
2014	-2.44%	1.36%	2.58%	2.99%	3.52%	1.39%	0.25%	-0.09%	-1.18%	-0.36%	-0.24%
Annualized Return = 9.19%

Stock	Mode	Unrealised P/L (SGD)
ARA	CASH	37.21%
CAPITAMALL TRUST	CASH	9.31%
CDL HOSPITALITY	CASH	5.26%
CHINA MILK *	CASH	-100.00%
FIBRECHEM *	CASH	-100.00%
FAR EAST HOSPITALITY	CASH	-15.88%
FIRST REIT	CASH	46.96%
FRASERS CENTREPOINT	CASH	13.85%
FRASERS COMMERCIAL	CASH	10.66%
PARKWAY LIFE	CASH	24.05%
RAFFLES MEDICAL	CASH	50.00%
RIVERSTONE	CASH	67.77%
SILVERLAKE AXIS	CASH	143.60%
STARHILL GLOBAL	CASH	-3.05%
CAPITAMALL TRUST	CPF	2.86%
PARKWAY LIFE	CPF	5.27%