Turtle received $ 888 for the month of October. I'm sitting on 43% cash after my two stocks lost about 31%. Portfolio as a whole(inclusive of cash) declined by 18% . The portfolio was created when KLCI index was 1417, the index lost about 28% based on yesterday closing of 1018. By sitting on large pile of cash is a cheating way to outperform the index. However, the point is cash outperforms equities at this moment.
Why am I not cutting losses after stocks declined more than 25%? The justifications can go on and on. Since this portfolio is going to expire in 15 years time, companies fundamentals are still all right, it does not really matter to me. It is going look OK 15 years from today.
Wishing all Muslim friends Selamat Hari Raya and maaf zahir batin.
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