Monthly Update 6

The update for the month of June was a tad late, due to my involvement in the SMU Freshmen Team Building (FTB) Camp. Imagine not checking the quotations of my securities holdings on the Singapore Exchange (SGX) website and conducting any analysis on company fundamentals for three days straight. Even though the Oracle of Omaha, Warren E. Buffett, "wouldn't mind if markets are closed for years", keeping track of the movement in stock prices can actually inculcate a nonchalant attitude towards stockmarket fluctuations.

After the longish introduction, I hereby present the update for June:

STI, 31 December 2009: 2,897.62

STI, 1 July 2010: 2,820.35

Profit/Loss

Virtual Portfolio: -3.27%

Market Average: -2.67%

This is my first underperforming month after beating the Straits Times Index (STI) consecutively for five months. As I am adopting a long-term business outlook for my portfolio holdings, there isn't really a cause for concern, unless the situation persists over a longer period of time. Meanwhile, it would be more rational and sensible to observe the recent market decline and if possible add to my holdings at more advantageous prices.