The year 2014 has come to an end. Our local
stock market remained subdued throughout the year. STI gained 6% only with
relatively tepid volume in that year. My portfolio of local stocks was up 8.68%
in 2014 after taking dividends into account. The performance is somewhat
comparable to the index. Overall, my annualized return since 2010 was 9.20%.
In the past one and a half year, I have
liquidated nearly half of my local portfolio. 70% of that was put into cash
while the remaining was deposited in an Interactive Brokers account. I started
trading the US market in the beginning of 2014. By focusing and leveraging on
fundamentally stable and large capitalization companies, I am able to boost my
overall return for the year 2014. My cumulative return in the US market was
59.42%. If not for the knee jerk reaction after the release of Viekira Pak drug by AbbVie in the last few days
of the year, my return could have been more than 100%. As of the latest date, I
have recovered almost all of the loss in cumulated profits though.
The US market remains the best market to
trade and invest despite the odd trading hours. The reasons are multiple folds.
Some of the important reasons are liquidity, a wide variety of stocks to choose
from and the availability of super low cost brokers. Transferring and
withdrawing of money from IB is very fast and convenient too. And the most
important reason why I prefer the US market is because there are so many big
companies there that are enjoying good economies of scale. They can generate billions
of dollars of cash annually. Instead of paying dividends, US companies tend to
do share buybacks regularly. Over the years, earnings per share can grow
substantially.
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% | 0.74% | 8.68% |
Annualized Return = 9.20% |
Stock | Mode | Unrealized P/L (SGD) |
ARA | CASH | 34.83% |
CAPITAMALL TRUST | CASH | 12.63% |
CDL HOSPITALITY | CASH | 5.57% |
CHINA MILK * | CASH | -100.00% |
FIBRECHEM * | CASH | -100.00% |
FAR EAST HOSPITALITY | CASH | -17.40% |
FIRST REIT | CASH | 48.74% |
FRASERS CENTREPOINT | CASH | 13.85% |
FRASERS COMMERCIAL | CASH | 6.52% |
PARKWAY LIFE | CASH | 25.63% |
RAFFLES MEDICAL | CASH | 50.78% |
RIVERSTONE | CASH | 71.28% |
SILVERLAKE AXIS | CASH | 136.08% |
STARHILL GLOBAL | CASH | -4.25% |
CAPITAMALL TRUST | CPF | 5.98% |
PARKWAY LIFE | CPF | 6.62% |
No comments:
Post a Comment