With the recent surge in STI, there aren't much value stocks left that catches my attention as most of them seem 'overpriced'. Other then the recent IPOs, I doubt I'll be making any new addition to my portfolio for the local market. Saying this, I have applied for GLP and was fortunate (we'll have to wait and see first) enough to be successfully in the application. Since there's still time till MIT closes, I'm contemplating on whether to apply for that too. Will ponder it over the weekends.
The next issue for me is to work on how long should I hold on to both GLP and MIT (if i've successfully applied for it). Should I sell it off in the first few weeks to make a quick profit (hopefully) or should I hold on longer for their dividends of around 7%-8% annually. Another thing to ponder over the weekends.
I'm testing out a 'speculative cum investment strategy' recently. It seems to be working fine now, but will need a few more 'real' scenarios to justify whether it actually works. My next test subject is Wells Fargo, a counter which I've mentioned in my recent post and finally gotten my hands on it @ 23.50. So let's see how it goes on from here.
It's the weekend! Which means I should be spending more time on other stuff then posting here.. Time to go then. Enjoy your weekends!
Regards,
SafetyChaos
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