Stock and Unit Trusts Big Gains and some Thoughts 25 Jan 2018

Have been busy and will only post my update on unit trusts bought using CPF OA funds.

Aberdeen Thailand Eq Fund	5,200.00	5,750.26	550.26	10.58%
First State Regional China Fund	9,600.00	10,599.19	999.19	10.41%
PineBridgeIF - Singapore Bond Fund	1,400.00	1,406.57	6.57	0.47%

The equity markets are doing well globally for developed and developing economies.  Recently I bought another 5k of the First State Regional China fund. The bond market on the other hand is lacklustre as I presume investors have been dumping bonds to ride the wild bull.  

I will pump in more when the prices dip (should be soon  as they have been rising for some time). 

The XIRR for the equity fund should be 15-20% as I first started buying the funds about 6 months ago. 

I have been buying small amounts in order not to miss the bull gains and also due to caution as nobody knows when exactly the correction will happen this year. 

I have been saving up for a warchest for the correction. 

Stocks bought with Cash 

I have also sold Venture (V03) a few days ago making a nett profit of $471.  (about $4340 -> $4811).  ~11% ROI in just a several weeks.

Transaction was made on Poems as I thought I had a prepaid account with lower fees but actually I had a custodian account. Total fees were > $50, totally not worth it considering the small amount I invested.   

My other stocks such as DBS, ST Engin and STI are doing well in the bull run. Seems nothing can stop them near-term. Even Sembcorp Ind is picking up after a lacklustre 2017. 

Bank analysts as market influencers

I have been looking at bank analysts reports which tell you to buy, sell, or hold on to certain stocks. 

I presume they are somewhat accurate as some of the stocks they recommended to buy have good fundamentals.

If they can successfully motivate the market and institutions to buy then I think it would be wise to follow along.

Their underlying incentive is probably to:

1. influence market interest to align with their own interest (e.g. they lent $ to the company or they themselves bought the stock)

2. influence wealthy clients to buy and thus suck their $ as comm fee.

3. generate interest on their own broker services.