Moving forward, I will update my fund performance every month. This is to create accountability and to make sure I don’t fall in love with any of my investment. The rules should be clear, if the fundamentals of the company have changed, I should be firm and sell the company even at a loss. Rule 1: Never fall in love with a company.
How did my portfolio perform? Horrendous. My YTD performance is -6%. Reason being? I am too cock sure that BN will win the general election and proceed to ignore Pakatan Harapan’s manifesto. I am surprised at the speed which the government honor its manifesto such as the removal of GST and cancellation of mega projects. Tolls are on the menu as well. Alas, this is where my portfolio fails. My portfolio performed horribly because I’m holding to Ekovest and WCE Holdings; I am also holding OKA Corporation which is somewhat related to the infrastructure theme. I am currently down 40% on Ekovest and down 41% on WCE Holdings. Bad times indeed.
Luckily for me, I am still holding some consumer stocks such as Carlsberg which has performed well this month. I am now 60% invested and 40% cash. I am looking forward at the opportunities to deploy my capital in the near future. There will be more news flow that are negative before things eventually get better for Malaysia.
I want to believe in the government.
