Thursday, October 7, 2010

A Little Spare Cash, Unattractive Stock Valuations, Low interest Rates. What to do?


September went by without any correction in the stock market. Boring!Hopefully October gets more interesting. We recently sold the Taisin shares we bought on 7 September 2010 and lock in a gain of about 22% in 1 month. The run up in it's share price on 5th and 6th of October was unexpected and we decided to sell it instead of being too greedy.We don't know why it went up, but who cares...seriously as long as money is made. We still like the company due to it being shareholder oriented BUT their recent offer of a scrip dividend scheme, we dont really like.

So, with a little cash, what do we do with it? Stocks are abit overvalued, interest on bank deposits are low, property rental yields are low at 4-5%? Processing.......


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