A Path to Forever Financial Freedom
"Sep 16" - SG Transactions & Portfolio Update"
No. | Counters | No. of Shares | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
1. | IReit Global | 73,000 | 0.74 | 54,020.00 | 12.0% |
2. | ST Engineering | 13,000 | 3.36 | 43,680.00 | 10.0% |
3. | Kingsmen | 45,000 | 0.67 | 30,150.00 | 7.0% |
4. | Ascott Reit | 10,000 | 1.14 | 11,400.00 | 3.0% |
5. | First Reit | 8,000 | 1.36 | 10,880.00 | 2.0% |
6. | OCBC | 1,134 | 8.81 | 9,990.00 | 2.0% |
7. | Warchest* | 285,000.00 | 64.0% | ||
Total SGD | 445,120.00 | 100.00% |
I still can't believe that we are finally in the month of September and heading towards the end of the year very shortly.
This is by far one of the easiest update for my portfolio for a very long time because there is very little activity in the market that I engaged in this month.
The only changes I made in my portfolio this month was the divestment of 2,500 shares of HK Land at a price of US$6.65. This recent upsurge was on the back of the recent equity run this past week due to a poor job market in the US, triggering a potential rate hike delay. What an irony sight. Bad news leading to a higher market. I quickly take advantage of the market irrationality by divesting and going further more in cash.
The sale returned me a decent 11% over a short term period. Again, the intention was always to hold for longer periods but market irrationality means there are opportunities to cash in. HK Land went to surge higher by the time I divested for the next few days. I guess I just have to be satisfied with what I get.
The portfolio continues on an uptrend direction, albeit very slowly, though at least a comfort knowing that the strategy is working out fine.
The portfolio has increased from the previous month of $440,009 to $445,120 this month (+1.1% month on month; +37% year on year).
The XIRR YTD on the equity has increased this month by standing at 19.8% on an annualized basis. STI continues to go up and down meanwhile and remains at about -0.5% year to date.
The cash portion has now increased to 64% of the overall portfolio. It appears that I failed to get any sort of buying activity in the past 1 month when I queued for Singtel and CDLHT. This will continue to be in my watchlist if they present good opportunities again.
The US market has a bloody red Friday by dropping almost 400 points on the index. Let's see if we can get more opportunities next few weeks to come.
Stay safe everyone.
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
