My Investment Portfolio Update: August 2019
Updated: Dec 13, 2019
Disclaimer: The information listed below are strictly my personal opinions. It does not constitute as investment advice. Please do your own due diligence. This is a monthly update for my portfolio.
Despite so much uncertainties in the market, portfolio performance for this month is not doing too bad. In this post, I have added total gains by totaling up dividends received to document more accurately.
So far, the mistake I have made was following Uncle Warren by buying Kraft Heinz without much research. Price continued to fall to about $24, creating new 52 weeks low. Although there were some good news recently which may have restored some confidence in investors, Kraft Heinz will probably need years to recover. Through this dip, I have taken this opportunity to average down at about $25.90 to reduce some losses. One of the good news from Kraft Heinz was replacing the 27 years old CFO with previous leadership. It really makes you think, how does one at such a young age accomplish such an impressive feat? Is it even remotely possible for me to do the same in the next few years? What do you have to sacrifice to reach that level? A new addition to this portfolio is Singapore Medical Group, another stock that dropped to its 52 weeks low. My first impression was that the company could have gotten into some difficulties. However, its fundamentals showed otherwise with its revenue and free cash flow increasing each year. SingMedical is also expanding aggressively by diversifying into different aspects of healthcare. I will do a healthcare stocks comparison in the next post.