Portfolio Update - April 2010

Top Twenty Holdings ( by market value )

1. ST Engineering
2. Noble Grp
3. OCBC
4. UOB
5. SIA
6. Swiber
7. SingTel
8. Comfort Delgro
9. Pacific Andes
10. Sembcorp Marine

11. HL Asia
12. Allgreen
13. Ausgroup
14. Goodpack
15. MIDAS
16. Suntec REIT
17. Capitamall
18. Capitaland
19. Boustead
20. SMRT

Dividend for the month of April = $203.00

For the year of 2010, my total dividend = $2,074.50

Market Value of equity = $615,938.68
Market Value of trust fund ( fundsupermart ) = $81,188.48
( $6,390.15 )
Market Value of trust fund ( finatiq ) = $57,375.30 ( $1,080.69 )


Graham's approach to analyzing a stock

1. Think like a business owner. When making an investment in a stock, keep in mind you are buying a part of a business.
2. The stock market is there to serve you, not instruct you. Most of the time, the stock market prices businesses correctly. However, there are times when the stock market greatly overvalues or undervalues business.
3. Make a purchase only when there is a gap between the stock price and the underlying value of the business. The wider the gap the more "margin of safety" you have.