Sold WDC (25% gain) and CPB (12% gain). Selling winners to hold more cash in portfolio for risk mitigation against potential market pro-long correction.
Bought SNP which is beaten down and offer good dividend yields.
Actively building dividend yielding portfolio predominantly with foreign stocks with low withholding tax rates. Although this strategy appears to be weak compared to the US stock market rising while overseas market got beaten.
This is mainly due to FOREX exchange and other countries' being weaker. However, in terms of valuation, foreign markets appears to be more attractive compared to USA.
Stick to good value proposition and trust your system. Over long term, we should get meaningful returns. Don't panic in front of roller coaster ride.
No comments:
Post a Comment