Saturday, August 30, 2008

Stock transactions and portfolio summary August 08

BUY (CASH)

DBS: 1,000 shares @ $18.48

SPH: 5,000 shares @ $4.02

Capitaland: 2,000 shares @ $4.85

SPC: 2,000 shares @ $5.42

HL Finance: 3,000 shares @ $ 3.28 (CD)

DBS: 1,000 shares @ $18.44 (CD)

SELL (CASH)

DBS: Contra 1,000 shares @ $18.80

SPH: Contra 5,000 shares @ $4.06

Capitaland: Contra 2,000 shares @ $4.95

SPC: Contra 2,000 shares @ $ 5. 53

Realised trading gains of $ 528

BUY (CPF)

SPH: 3,000 shares @ $4

HL Finance: 3,000 shares @ $3.40 (CD)

SELL (CPF)

SPH: 3,000 shares @ $4.05

Realised gains of $66

Dividends

Singpost: $625 (FY 08, first quarter dividends of 0.0125 cents/share)

Summary

In August 08, I received $625 dividends from Singpost and made $528 of trading gains. I also bought HL Finance and DBS mainly for their dividends. Together, I have a net cashflow of $1,153 in July 08.

It was actually quite exciting and fun to trade shares even for modest gains. I actually have the target to gain $400 so as to achieve a net cashflow of $1,000 for month of August.

The market is really bad for August 08. STI went down about 6.5% this month. Nobody knows if the bottom has been reached. For me, I will just stick to income investing and hopefully reach my target of minimum $1,000 a month cashflow.

I have about $20,000 of cash standing waiting for more opportunities to enter the market. I do hope that I can sell off DBS at about $18.80 and above in Sept to prop up my cash holdings for better opportunities.

I am expecting $450 dividends from DBS, HL Finance and Saizen Reits to be credited into my account in Sept. It will be a “poor” month for me!

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