UT Portfolio as at 08 December 2007

I am one week old in my new role as a Biz Dev Mgr with Advantage Group P/L. Advantage Group P/L is the holding company to five other subsidiary companies dealing in Mortgage Brokerage, International Trades, Financial Advisory, Events Management and Legal Services. I was recruited to run special projects and to help set up the Financial Advisory (a.k.a. FA) business for the Group.

Once the FA business commences, the group will be able to provide a one-stop platform to cater for Wealth Planning services which include:

1. Investment Planning
2. Risk Management & Insurance Planning
3. Retirement Planning
4. Estate & Tax Planning
5. Will & Trust Planning

Enough of my self marketing.... :D

This week, the market grew strongly from mid-week and ending rather flat on friday. The only exception was HSI closing the week at -716pts. The Chinese market remained cautious as its monetary policy tightens due to suspected overheating of the economy (though this was nothing new; there had been news about overheating since many moons ago).

With investors speculating FED to cuts its rates by at least 50 basis pts, the global markets soared to recover its losses from its previous weeks. There will most likely be some profit-taking activity prior to FED's announement on the FED rates cutting. This notion is supported by the fact that US dollar is still weakening by the day and that sub-prime chapter still remains inconclusive.

For new investors, i would recommend you to be cautious in your purchases. Though it looks as if a Santa's Rally is coming, Santa will only drop "gifts" on his list of "nice persons" who invest correctly. :D

Here's my scorecard for the week: