Wednesday, March 05, 2008

Small portfolio change

KLSE Composite Index is down 32.63 to 1281.39 at the moment. I had just bought my first bluechip stock.

The current yield I'm getting for my cash in FD is slightly above 3% if monthly compounding interest is included in the calculation. I've bought PBBANK @ 9.950. To beat the yield in the form of cash, I'll need it to achieve the target price 10.40 at 5 March 2009 or receive dividends payout of 45 cents during this year long period.

What do you think? I think it's easily achievable.