Portfolio Value as per February 2019

No.	Counters	No of Shares	Market Price per Share (SGD)	Total Value (SGD)
1	AEM	50,000	$1.02	$51,000.00
2	Best World	25,000	$3.25	$81,250.00
3	Centurion	50,000	$0.405	$20,250.00
4	Innotek	200,000	$0.475	$95,000.00
5	SingMedical	250,000	$0.445	$111,250.00
6	Sunningdale	60,000	$1.560	$93,600.00
7	Tat Seng Packaging	50,000	$0.630	$31,500.00
8	Cash			$16,375.82
			TOTAL:	$500,225.82

(1) Bought 10,000 shares of Innotek @46cts per share. My average cost for the second time entry is about 40cts per share.

(2) Injected fresh fund of $1,960 into the portfolio.

(3) Reporting season for FY is here, so will be a very busy month for me.

Investing is a very tough job

I first got to know about stock market and registered my trading account with Phillip Security in July 2010. At that time i did not know anything about stock market. Two years had passed, i only bought 2 S-chip counters which were recommended by my friend. I did not read any financial reports of the two companies.

The first two years i did not really know how to start trading with my own stock selection. There were about 1000 companies in SGX. How could i select which company to buy? There was a time i tried to check on the stock which had a very big jump down from the historical highest price to the lowest price. The stock i ever considered to buy at that time was Advance SCT. At that time, the share price of Advance SCT had dropped to about less than 5% from the historical high. I was hoping the share price would run back to its highest price, then i would made 20 baggers from that stock.

I asked my friend if i could buy Advance SCT and he told me that it is actually a technically bankrupt company. Thanks to my friend i did not buy into Advance SCT.

In September 2012, i had found my way to do my own stock screening. I started to browse thru the financial reports of all companies which were announced via SGX. However, i would eliminate few criteria like blue chip (simply because i am not able to interpret the reports), S-chip, and some other criteria.

I think that moment could be considered as i first went into stock market with my own way to do it. Now 6.5 years have passed, i am still in my learning journey. If i measure my performance so far, i think it can be considered as 7 out of 100 or 7%. Meaning there are still a long way for me to go and learn more about investing in stock market.

I have gone thru a few years of my investing journey. I find it is not an easy job at all. In fact, it is a very tough job. I think anyone wishes to be part of the journey, he/she has to spend at least 5 years to get to know the basic thing about stock market. It will need about 8 - 10 years to measure our performance and sustainability.

I am glad i have found investing journey as part of my life. Special thanks to my friend who introduced me into stock market. I feel this journey suits me the best and i am going to go through it until i get old. 

Am i a Dividend Investor?

I am not a Dividend Investor but will go for Growth Stock for the time being.

However, it does not mean that dividend is not an important element in my stock selection.

My investment focus are:
(1) High growth:
      -  good balance sheet
      -  companies with annual growth rate > 15%
      -  net profit margin > 15%
      -  most likely traded at multiple its NAV
      -  assets light/intangible assets value to be appreciated over time
      -  no dividend or little dividend as profits will be used for growth
      -  potential to be multibaggers in future

(2) Mature growth:
      -  good balance sheet
      -  companies with annual growth rate 3 - 6%
      -  net profit margin 3 - 6%
      -  must be traded below its NAV (<70% NAV)
      -  must distribute at 40 - 55% of their profit or free cash flow as dividend
     
(3) Turnaround growth
      - good balance sheet
      - trading below its NAV (<70% NAV)
      - have show some significant improvement since new management has taken over with good strategy
      - low portion of their profit/free cash be distributed into dividend
      - expect dividend distribution to be at 40 - 55% of their profit or free cash flow once its business performance has stabilized