In my September wrap-up, I said I would be making the first allocation to Europe and Japan, as well as top-up to REIT as per allocation plan. My plan is to buy the Europe ETF and REIT stocks first, and then put what is remain from the trades plus the allocation fund for Japan into a Japan unit trust fund.
To make the trading easy, I created a trading table containing the range of price and stock quantity to buy the Europe ETF and REIT stocks, given the fixed allocated fund. For the past two weeks, I have been placing buy orders every day according to the trading table, but usually at a price slightly lower than the bid price. Unfortunately, the market has been rising, so all of my orders were not filled. Finally, the Europe ETF (iShare DJ Stoxx 50) order was filled yesterday (Friday) because the European market was falling. I queued the price at GBX 2471 and it was filled GBX 2463, nice. The fall was due to declining US dollar and that’s all I knew from Yahoo Finance. Nah, I didn’t bother to dig deeper for the reason.
So now, three trades left to go: two for REIT stocks in SGX, one for a Japan unit trust fund. Hope to see some red in the Asian market next week, hehe…
1 response so far ↓
All trades “done” « The Mamak Stall Investor // Sunday, 24 December 2006, 3:26 pm at 3:26 pm |
[...] For the remaining three trades, I have bought one of the REIT stock and decided to call it all done. For the other REIT stock, I gave up because the low liquidity in the odd-lot market makes it difficult to trade. For the Japan unit trust fund, I am putting it on hold because the market is getting euphoric and I decided to put my portfolio aside to enjoy my holidays. The cash from the above pending trade is only 5% of the overall portfolio value. Happy holiday! [...]