First Purchase of the Year

Today STI closed 1.8% down. Barely catastrophic if you ask me. However the mini bloodbath presented some opportunities for entry. 

While share price of some counters in my watchlist remained quite resilient, some dropped and started to recover during mid day like the banks. For some, the price dropped and hovered at that level and that gave me some food for thought. 

Made my first purchase of the year today when the opportunity arose. CapitaLand Retail China Trust (CRCT) was trading at $1.54 / $1.55. I queued at $1.53 and managed to get it in the last hour. It might not be the bottom price but it is comfortable enough for me. Slightly below NAV with >7% forward yield. 

Just not my style to go all in in one go. Prefering to enter batch by batch. Hence the same for this counter. 

I don't know whether this is the start of a black swan or just a temporary response to the  Wuhan coronavirus outbreak. My feel is leaning towards the latter. 

If the price drops further I might buy in again. 

Time in the market is better for me than timing the market simply because I'm real bad at the latter.

Crisis = Opportunities