It is now the middle of the year. Sad to say, overall, have yet to see any profits. The online platform portfolio is seeing a -2.6% as of this month. The funds are equity funds and categorized into USD, Asia, Malaysia and Europe.
USD fund price decreased while its currency value has gone up a little due to the Europe debt crisis. Likewise, on a good month, it has seen the unit trust price going up but the currency was at its lowest. In other words, it does not bode well...
To hedge against the volatility, there are money placed in dividend generating fund. At least, this can defray the fund management costs and whatever ongoing fees. Currently, dividend paying fund is my favourite because at least it is seeing positive value!
How about the stock market? After 3 months of dabbling, lesson learnt, need to have bigger capital and need to buy more lots if per unit price is less than a dollar. Now, the stocks portfolio has 5 lots in 3 different stocks (excluding the written off infamous company share that was purchased at 47 sens and now valued at 15 sens....) but its current price are lower than buy price. The max price difference is currently at -8%.
As for GE insurance linked unit trusts, it saw about $800 decrease in value as of this month. Best month this year was in February. Hope the market turns for the better by this year end!
25 May, 2011
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