Holding too many counters...

[whatdoyouthink]

Currently holding too many counters, 15 in total, and trying to cut down to about 8-10. Looking for profit growth and long term.
I am considering to invest the earnings from the sold counters into the ones I am currently holding. Of course, other stock recommendations are also highly welcome! To all the experienced investors out there, thank you so much!

*Edit: Any advice on which counters are worth holding, to sell or which to increase? Thank you!

Currently holding:

Singtel
Straco
AEM
Excelpoint
Valuetronics
PCI
Alliance Mineral
Sinostar Pec
Genting Sing
GSS Energy
Frasers HTrust
OUE HTrust
Thai Bev
Kimly
Design Studio

 

[soneat]

Currently holding too many counters, 15 in total, and trying to cut down to about 8-10. Looking for profit growth and long term.
I am considering to invest the earnings from the sold counters into the ones I am currently holding. Of course, other stock recommendations are also highly welcome! To all the experienced investors out there, will like to seek your advice, thank you so much!

Currently holding:

Singtel
Straco
AEM
Excelpoint
Valuetronics
PCI
Alliance Mineral
Sinostar Pec
Genting Sing
GSS Energy
Frasers HTrust
OUE HTrust
Thai Bev
Kimly
Design Studio

I think it depends on individual. When I was younger, I was holding close to 30 counters. These days less energy... about 15 currently.

 

[Dividends Warrior]

Keep Singtel & Thaibev

 

[whatdoyouthink]

I think it depends on individual. When I was younger, I was holding close to 30 counters. These days less energy... about 15 currently.

Investments spread too thinly, gains also quite marginal & not as significant. That's why wanting to cut down

 

[whatdoyouthink]

Keep Singtel & Thaibev

My sentiment as well

 

[Yeh123]

What happened to ST engineering?
Today drop so much

 

[wahkao3]

the number of counters is fine

i have like 15-20

 

[laksa2003]

the number of counters is fine

i have like 15-20

can share your list?

 

[limster]

SGX listed I have 24 equity counters + 2 retail bonds. I think about 10 are REITs since there isn't any SG REIT ETF and I want to reduce non-systemic risk for REIT investing.

 

[whatdoyouthink]

SGX listed I have 24 equity counters + 2 retail bonds. I think about 10 are REITs since there isn't any SG REIT ETF and I want to reduce non-systemic risk for REIT investing.

Thats alot to keep track of man. Which are the equity counters you're invested in?

Btw yea sorry about the double thread. Can't link over cause... new user not entitled to

 

[Milo-Dino]

SGX listed I have 24 equity counters + 2 retail bonds. I think about 10 are REITs since there isn't any SG REIT ETF and I want to reduce non-systemic risk for REIT investing.

There's currently a new Reit Etf which is heavy on sg reits

Sent from Google PIXEL XL using GAGT

 

[Asphodeli]

Okay what, 15 sounds about right. Reduce your exposure to electronics companies first, if you really want to cut down.

Sent from Sony E6533 using GAGT

 

[limster]

There's currently a new Reit Etf which is heavy on sg reits

I started collecting my REITs in 2008 when there wasn't any REIT ETF to supplement my STI ETF in which REITs were unrepresented (remember, even CCT was not in STI ETF yet).

I read that there is a 17% withholding tax applied to the REIT ETF: http://www.businesstimes.com.sg/com...s-its-sights-on-first-etf-for-singapore-reits

 

[Mecisteus]

Demand for local REITs have been quite strong. That's why you can see their share prices were quite resilient in the past few years. Take the top 3 which are Plife, Capmall ad FCT for examples. Their share prices have been rather sideways in the past 5 years. Your future returns will depend on the price you pay for their shares. If you are not contented to receive mid to high single digits returns and expecting more margin for safety, now is probably not the best time to accumulate REITs.

With regards to the number of counters, I have gone through this before. I used to hold close to 50 local stocks. Over the long term, my returns are quite close to the market returns. I find it was not worth the risks and my time monitoring them. The only way to generate meaningful alpha above market returns is to focus on a few stocks ie less than 6.

 

[wahkao3]

Okay what, 15 sounds about right. Reduce your exposure to electronics companies first, if you really want to cut down.

Sent from Sony E6533 using GAGT

why u say to reduce?

i am heavy weight electronics/semi conductors

around 35% of my portfolio is electronics/semi conductors


i am not reducing....


How i became heavyweight this industry is because i bought 8mths ago and most of them ran up significantly

like cei, ums, aem

 

[wahkao3]

i back up my words with actual market results experiements......

===============================================


[Tested by Wahkao3]The more you diversify,the lesser your risk is, and lesser your return

X axis shows the number of different positions you have
Y axis shows risk, and return

So conclusion is the most you diversify, the lesser risk you take and lesser your return

risk is measured by maximum portfolio drawdown.
Returns measured by CAR

Method: Portfolio simulations on SGX for past 25 yrs using a trading method

Source: wahkao3 and trusty excel sheet

sweet spot is around 60 positions for low risk and yet ok returns

for the average investor, i 15 different positions is pretty much the most you can manage.

Even I also dun have so mani different positions

 

[peacefulday]

I preferred single pick stock, once lock on - do average up and down. Passive to defend or growth/capital to enhance further. No need over diversify in a small sgx market. From TS lists, I choose only singtel

 

[wahkao3]

I preferred single pick stock, once lock on - do average up and down. Passive to defend or growth/capital to enhance further. No need over diversify in a small sgx market. From TS lists, I choose only singtel

not wise bro.....

 

[cybercom8]

single stock worked for me...yeah it might seem risky but the whole idea is to make it big...so if take on too many counters, it will be almost like averaging

 

[wahkao3]

the whole idea is to make it big...

sounds like gambling