Portfolio drops 2.9% in August, STI down 0.6%

After a 3% gain in July, the portfolio fell 2.9% in August, more than the 0.6% decline of the STI. The portfolio's "NAV" ended the month of August at $0.999, a 0.1% decline from the start of the year. Wells Fargo was the worst performing stock in the portfolio, on the back of general weakness in US financial stocks in August. We added to the stock in the month as it dived to 52-week lows.

Even after adding shares of Wells Fargo, the portfolio has 20.6% in cash, and we may be looking to bring down our cash holding to 15% with the addition of one or two more attractively valued-companies to the portfolio.

August 2010 Stock Returns:

FRASER AND NEAVE 1.1%

ASCENDAS I-TRUST 1.1%
BERKSHIRE HATH-B 0.5%
CAMBRIDGE 0.0%
TAT HONG W130802 0.0%
SPH -1.2%
Capitaland -1.3%
STI ETF -1.7%
KEPPELCORP -4.2%
MEMTECH -4.5%
GUOCOLEISURE -4.8%
NOBLE GRP -4.8%
COURAGE MARINE -5.1%
K-Green Trust -5.2%
WBL Corp -6.3%
TAT HONG -8.1%
BEST WORLD -10.9%
MERMAID MARITIME -11.6%
Best World W130705 -14.3%
WELLS FARGO -15.3%


Ex-dividend 
Keppel Corp $0.16
Wells Fargo US$0.05
Tat Hong $0.015
STI ETF $0.03
Cambridge $0.0068