STI staged a strong rebound this week to close at 2,837.00, which is only slightly (1.7%) lower than 2,885.51 at the end of 2015.
My portfolio is now marginally positive, up 0.6% including cash or 0.9% excluding cash.
The 3 bank stocks I hold have all turned positive and I took the opportunity to sell some with the plan of re-investing in high dividend yield stocks. As a result of the profit taking, the cash level in my portfolio increased slightly to 28.6%. The divided yield for my portfolio now stands at 6.2% because dividends were cut for a few stocks I own.
Over the next few days, I will share about a few REITS which I am holding.
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