(This is not Turtle Trader or Trend Following blog. All stock and strategy mentioned in this blog do not represent buy or sell. This is my digital diary to express my thoughts and opinions about the world of investing. Ultimately, you will be responsible for your own decision. Please consult your investment adviser before taking any investment position).
Saturday, October 30, 2010
Turtle Portfolio Update - November 2010
(Click on the image to see details)
As usual, received $ 888 saving for the month of November 2010. Portfolio gains 22% since its inception. Sitting on almost 50% cash. Getting increasingly difficult to find places to deploy cash. I am neither bullish nor bearish. KLCI is valued above historical average. Now is selling at almost 19.XX times and pushing it above PE 20-22X will be very susceptible to reversion to mean.
Options that available to Turtle to deploy money:
1. Do nothing - put all money into FD 2.85% and wait for corrections
2. Deploy dividend yield strategy - REIT 8% and some other high dividend yield counters 4-6%.
3. Trade on lower liner/small cap - allocate up to 15% book value to this strategy. Retail participation seems to be at a healthy level. 27 - 35% of retail investor will spice up the market a bit.
I still have not decided yet.
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