STI has been trading in a range of 2500 and 2600 for the whole of July. Overall SG market has been sluggish but still well supported at the current level. So far it really does seem like a L-shaped recovery.
How was the portfolio performance in August 2020?
My SG portfolio performance continued to be strong in August with a monthly gain of +6.21%. The system managed to catch a few more parabolic stocks. One of them was Medtec (again) which I am currently sitting on an unrealized profit of +47.57%.
The other one was ISDN (SGX:I07) with an unrealized gain of +27.87%.
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STI ETF (SGX:ES3) which is the benchmark I used to compare fell 1.43% in August.
Year-to-date portfolio return increased to +29.28% while ES3 slid to -20.70%. Total return since inception in June 2016 is now +72.58% while ES3 has only gained 2.69% for the same period.
August return: +6.21% (vs ES3: -1.43%)
YTD return: +29.28% (vs ES3: -20.70%)
Total return since inception (since June 2016): +72.58% (vs ES3: +2.69%)
The overall SG market has been lackluster so far and appears to continue to be so moving into September. My portfolio is starting to hold more cash recently despite the fact that the general trend is still bullish (small little bull). To know first hand where the market is heading every week, subscribe to our premium subscription package. Visit our main page to find out more.
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