Light at the of the Tunnel? or a Train's Headlight

The Good

I got a new job! It's not yet official but I just sent my confirmation last night. The offer was good and about just the right time. I just sent my resignation last week. It was not just lady luck smiling on me but I was also anticipating this since I know I'm doing good at the interviews. So I guess I still had a reason to stay in the country for the time being. I'm not sure if I mentioned it in any of my previous post, but I'm entertaining the idea of finding work in Singapore. It never stops looking for technical manpower beyond its borders and I think it's always a good opportunity to work there.

I got my 13th month salary. And I'm seeing my personal networth to new highs. From the general standards, it's not that significant. But seeing the figures in the green finally shows that one of my goal was attained. In perspective however, I do not see breaching the 100K mark in investments and cash when the year ends. But that's okay. I had to give way to some unexpected events for the past couple of months (and some indulgence along the way).

The Bad

The Philippine Stock Index continued its descent for the whole week ending at 3.57% lower week-on-week. Apparently, major factors are affecting the market, with much of the large sell-off from foreign brokers. The Korean hostilities, the resurging European crisis, and the less-than-expected rise of the country's third quarter GDP at 6.5% year-on-year (the market expects a 6.7%-7.7% rise).

PSE Index

The corporate fundamentals are still in tact. Some were already oversold. But knowing Mr. Market sometimes fail to see this. The foreign funds are fleeing, reallocating their holdings in the US or in some other market. I have been reading A Random Walk Down Wall Street (which I strongly recommend by the way) and I had a clear perspective how the market behaves. Sometimes you hit a jackpot, sometimes you don't.  The most important thing probably is how to handle risk. I had plenty of time in my horizon, a lot more than enough to recoup my losses. For now, the game plan is to stick to fixed income which by the way promised a 15% annual return. Not too bad right?

The Ugly

My portfolio
  - MEGW1 (49.91%) -10.38% paper
  - RFM (47.62%) -8.07% paper
  - Cash (2.47%)

Months trading	Total Gain	PSEi Gain (Same period)	W-o-W Loss
3 mos11 days	8.19%	16.49%	-11.25%