|As of May 30. The going continues to be tough on the earnings front. 2nd worst month for the year so far. I tried to keep expenses tight, and eked out an S&I rate of 18.94%. Y-T-D S&I now stands at 30.48%.
As anticipated, passive income for the month was excellent, coming in at $3,475.75 for a Y-T-D figure of $8,194.22 - well on track to, at least, achieving my E-O-Y target of $15k.
The Jamaican Stock Market seems to have well and truly risen from the comatose state into which it had fallen during the period 2008 - 2010, and relapsed during the period 2012 - 2014. The surge has been unstoppable since the start of the year, and particularly over the last 3 months. It really is long overdue given the absolutely ridiculous valuations the Market has been giving to rock-solid companies in recent years. I believe we are still in the very early stages of a huge upside correction. I'll be picking off the herd as they come in. I've actually started: Hit some target prices in May in my "Trading Account" and started liquidating on a gradated basis for transfer to a fixed income fund.
Finally, I hit a new all time NW high for the first time since December 2011. I expect Earnings to do well in June and July before dipping in August. I also expect to be confronted by significant personal expenses over the next four months. The remainder of this year should be quite interesting.|