Portfolio Update: Defensive Shares
Boring Portfolio Stock: US$77,621.98 Cash: US$364.85 Total: US$77,986.83 I have added to the portfolio an additional company, an FMCG company with a strong brand name, with the last of my ballast (cash reserve). It is interesting how the cash reserves enable me to buy in as the market continued to tank, acting as the stabiliser that it was meant to be. It is very unfortunate though, that I have run out of ballast. Could I have predicted this and set aside a larger amount of ballast? No - predictions are for prophets and market lizards, and I am not the former, nor do I want to be the latter. The system simply gave me the ability to buy when the general fund manager, mandated to be fully-invested with little spare cash, has to follow the lowering tide. QQQ Portfolio Stock: US$52,204.20 Cash: US$22,964.30 Total: US$75,168.50 This portfolio was meant to be used to show how the system (I do not take credit for it - it was developed by a fine gentleman, now deceased, and I happened to be hi