Monthly Update 7

Term 1 commences on 16th August, thus I am unsure if I can still monitor the markets and post monthly updates. Nevertheless, I will do my best to continue this effort, after all, the virtual portfolio is the application of the investment theories which I have learnt on my own during the 2 years of army.
Looking back, just realised I have included transaction costs but forgotten to factor in dividends!!! Here goes an extra few percentage points, will calculate them when I am free.

STI, 31 December 2009: 2,897.62
STI, 1 August 2010: 2,987.70

Profit/Loss
Virtual Portfolio: +5.09%
Market Average: +3.11%

Finally outperform the market again, but for how long? No one knows for sure.