The month of May has given something for all of us to think about, especially with the "Sell in May and Go Away" everyone was advocating, we've seen part of that coming true on hindsight.

There has been a lot of activities within the portfolio which I will summarize below from the last update in April:

I divested my position in CDL at S$8.66 after the share price run up quite a bit in recent months. Developers was always going to be a short term trading position for me as and when opportunities arise because they don't offer high enough yield for me to hold on to my position, even if they are still undervalued in my opinion. This has allowed me to book in 15.5% gain within a span of 4 months.

Shortly after, I used the proceeds to enter into a position for Ireit Global at a price of $0.70. I also blogged my thoughts here. Ireit Global will continue to become my long term play as I believe this will become something big in a few years to come. The hope is this becomes the new First Reit and it certainly has an opportunity to grow steadily over the years. It also yields a very enticing yield of 8.7%.

I also accumulated more FCT at a price of $1.955 after the share price shows some weakness recently. Like Ireit, FCT remains a core position in my portfolio for the long term as the catalyst are well in place. I have blogged my thoughts in more detail here.

I divested my position in MTQ at a price of $0.52 just before the company announces their full year results. As predicted, they reported a full year loss and had not announced any dividend payment for FY15 after a poor set of results. This represents a loss of about 18% on my original entry but luckily the position is small.

I also divested my position in Neratel at a price of $0.65. As previously mentioned in my analysis here, this was going to be a trading position and I have no intention to hold this long term in my portfolio. This was after the company had initially announced the potential sale of their payment solutions which pushed the share price upwards. This represents a gain of 20% (including the 1 cent dividend received) within a short span of 2 months, which I think is great, though the share price is obviously a lot higher now.

Last but not least, I accumulated more CCT at a price of $1.38 after the share price weakens further upon a down market. I blogged my thoughts here.