Aboi's Updates For April 2013

Here's the link for the previous month's market sense: Aboi's Updates for Feb\Mar 2013

For those who find it hard to follow I suggest reading through my previous posting on how I am using technical indicators as a trend seeker.

1. First Attempt on Tech Analysis Part 1
2. First Attempt on Tech Analysis Part 2

It was a BRILLIANT MONTH for Bursa as well as my portfolio. First Bursa indeed climbed back from the shock correction and managed to break my resistance line of 1655 and closed on its 12-week high. Seems that election is really around the corner now! I say again the FEEL GOOD FACTOR :) Having seen the first VSA testing on low volume worked really well, I see the same signature again just a day ago. With the RSI being not too overvalued I think it is decent to say there is still SOME UPSIDE LEFT for a last roar before the General Election begins. Thus I'll pay attention for my new resistance line of 1680 and 1700 (yes testing the all time high, be brave!) and new support line of 1650. Second my portfolio grew by nearly RM6000. This helped push my TWRR from 7.07% to 8.52% but still 0.30% short of my target. That's fine it was a good month anyway. Meanwhile this article is a good piece of information on weekly market & economic update. You can more from AMP Capital. It is FREE!!

Portfolio composition. Equities 50%, Mixed Assets 15%, REITs 10%, Bonds 5% and Cash 20%.
Targets for returns p.a. Equities type 12%, Mixed Assets 8%, REITs 6%, Bonds 5% and Cash 3.75%.

Notes
*Boustead REIT: Final Income Distribution of 5.5 sen per share

Comments
#1 No change to Aboi's rating thus far. 
#2 Change in Aboi's Fair Value as I have changed method from DCF model to PEGGY method due to time constraints. Will post about this at a later time.
#3 Changed Asia Quantum (Equity fund) to Kenanga Growth Fund (Equity fund).
#4 Bond fund would change as well due to fund already achieved approved fund size and I cannot buy any more units :( Will do it by next month.
#5 Portfolio target for third year @ RM128k for April 2013 and fourth year @ RM140k for April 2014. And yes I have achieved my third year target!

From the last update: "Yes this is a BIG CHANGE in direction. With 8.8% RM100k can only grow to RM1.255 million in 30 years. One cannot strike to have 15% per annum to grow to RM5 million in 30 years if the portfolio is NO LONGER purely equities. Though RM1.25 million may not seem to be enough for retirement, we have other sources of funds e.g. EPF, endowment/surrender value policies, other assets e.g. properties. I placed a lot of thought in this for the last 2 weeks. It is difficult to have purely equities in one's portfolio yet alone risky as we age older. Should I change my blog description? I don't know yet". I didn't have time to think about it yet, save it for next month.

Disclaimer: The reports, analysis and recommendations in this blog are solely my personal views. I do not link to any investment body or company. As such, I will not be responsible of any of your investment decision. Consult your investment adviser or come to your own conclusions before making any investment decision.