AT A media lunch earlier this year, the host - a US investment bank - asked the guests for their views of the market in 2011. My response was: 'Everybody seemed very bullish. When everybody's bullish, it might be prudent to be cautious.' Another guest said his view was that this year would be another good year. And the host said he agreed.
Year to date, the Straits Times Index (STI) has slumped by some 8 per cent. Our portfolios, made up of mostly small-cap stocks, saw a bigger decline of about 13 per cent on average. Against the onslaught of bad news after bad news, the highest dividend yielding portfolio has shown to be the most resilient. It has shed 8.5 per cent year to date.
Source: Business Times
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