Aug 19 - Portfolio & Networth Update

Publish date: Mon, 26 Aug 2019, 05:17 PM

No.	Counters	No. of Shares	Market Price (SGD)	Total Value (SGD) based on market price	Allocation %
1.	HK Land	10,000	US$5.43	74,934.00	15.0%
2.	Far East Hospitality Trust	3,000	0.65	1,950.00	0.4%
3.	Ho Bee Land	300	2.30	690.00	0.1%
4.	Warchest			423,000.00	84.5%
Total				500,574.00	100%

I get the feeling that the second half of 2019 is full of events in the market and there's so many talking points that have not been totally apparent in the first half of the year.

Volatility in the market seems to be back as we continue to see the ups and downs with every tweets Trump is going to react in response to the China trade and the market seems to be correlating it very closely.

This was combined with the events happening in Hongkong with peaceful demonstrations turning into a riot scene which seemingly had no conclusive events on how this is going to end. Surprisingly, amidst all the news reported, there are currently no major fatality yet which means the protest is likely to be continued pending which side will back off first. This will probably drag on for quite a while and it will have major impact to the HK economy for many years to come.

With everything that is going, I took the chance to liquidate my position in Vicom which has been giving me decent returns for the past couple of years and is considered a safe haven in times where people are looking for a place to hide.

The first shot I took upon selling was to take up a position for HK Land at a price of $5.61 on the 6th Aug. You can view my full transactions here if you are interested.

I thought it represented some value at the price I bought but apparently the HK protests seemed to be prolonged so I'll wait for the next batch before I start to accumulate further.

The company has also went xd recently for a payout of 6 cents, so my current average position is at $5.55, which is not too far from where it is now, so no hurry to add on to the call.

The warchest is an expensive call option which is vital resources in times like this so I am likely to allocate to a position only if I see real deep opportunity. So far, there's not much that brings me to much interest yet.

After all, with all the events we've been seeing, the STI is still above 3k!!! You can't exhaust your resources when the index is still that high, especially the banks since I feel there's much room for downside should we get into events that might impact the economy. They're always the first ones vulnerable.

Networth has substantially gone down since Jun due to unforeseen events which I won't repeat again here. If you're interested to read about the story, you can read them here.

Without the impact, the portfolio would have hit the 7 digit figures by now which I have never dream of but it has to be reset at this point.

There's still an opportunity to close on the gap should we decide to sell our house which is currently rented out and move on to a cheaper alternative but that's just not happening at this point. We'll have to see how it plays out within this space.

With that, I am likely to start rebuilding my portfolio for the next few years with the aim to grow them and the market might just give all of us a chance to do that.

Thanks for reading.

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