Adsense 970

It's time of the year again!

It's time for the year again whereby you start reading articles about the benefits of SRS. Probably because Christmas is coming?

Goh Eng Yeow

Perhaps this author wants to gently remind you about what you should do with your bonus. However, what I can't stand is this author's tendency to boast about himself whenever he can. 

I am never surprised to see phrases such as "Since I have already doubled the money which I have into my SRS account..." I truly wish he can open his account and let it be audited. I am most willing to pay for the accountant fees to go through his account to find out if he truly has doubled his account and how he did it so that readers can truly benefit from it and take comfort that they are reading from someone who has been there and done it. 

You should have read his earlier claims about his "contribution" in helping some readers avert the Blumont crisis and his role in it or why the market crash whenever he takes holidays... Blah blah blah.. If only he can tone down the big I in his articles. 

Sometimes I really wonder if he is writing about his personal experience or boasting about them. It's a fine thin line. If he is right in future, I guarantee you that he will dig up his old articles and boast about it but conveniently forget about all the misses he made. He is nowhere near the humility of Teh Hooi Ling, a financial journalist who is now with a boutique fund manager. 

Open an SRS Account today 

Anyway, I don't want to sound like a broken recorder. If you haven't open or top up your account for 2013, it's time to do so. If you have been following my blog, you will know this I have topped it up quite sometime back. I won't go into the tax savings or the benefits of investing through it. 

Don't leave cash idling in the account 

Sounds like this article is written for me? Hahaha. Not really actually. If you have been following my blog, I have been steadily reducing my exposure in stocks and increasing my cash component.

Crisis always hit whenever you least expected it and I am increasing the cash component so that I can take advantage of it should it happen. 

Is a crisis coming soon ?

Your guess is as good as mine. I don't know and won't claim to know it. But when it comes, don't hesitate to deploy your cash. One indicator I am waiting for is for the FED to raise interest rate. 

What I am waiting for?

Am I waiting for crisis? Actually not. However I have been very busy in
my work and I wish I have more time to study the stocks fundamentally and analyze them. If you have any ideas to put those money into fundamentally value stocks, do share them with me via Facebook or leave a comments here. 

That is it for now. You have up till 31 Dec 2013 to top up your SRS account. Don't procrastinate and start your SRS journey with me! 

My SRS Journey

My SRS journey is well documented in this blog. You are most welcome to join me! 

SRS portfolio as of 31 Oct 2013

Received $100 dividend from UMS this month and a little interest income. 

There is too much cash in my portfolio now and I haven't have the time to analyze what stocks to add to my counter. The cash balance is now $95,706. 

Currently I have 3 counters in my portfolio. I may consider adding more shares to them next time if there is a correction. One of my regrets is selling out Riverstone. Seemed like the performance continued to improve but i have no regrets selling NeraTel. The gains at NeraTel are "accounting" driven.

In my "ideal" world, i will probably have 5-8 counters of $10k to $20k each in my portfolio. Lets see if there will be opportunities to build up my portfolio. 

My life has been in a hectic pace for the last few weeks and I don't think it is slowing down. In fact, I am going to visit 4 cities in the next 2 weeks for business. Don't think my wifey is pleased other than for one city which can add to her bag collection. 

Happy jet-lagging. ^_^