A Path to Forever Financial Freedom
Oct 19 - Portfolio & Networth Update
| No. | Counters | No. of Shares | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
| 1. | Starhub (Short) | 120,000 | 1.28 | 153,000.00 | 8.0% |
| 2. | DBS (Short) | 3,000 | 24.57 | 73,710.00 | 4.0% |
| 3. | HK Land | 10,000 | US$5.50 | 75,900.00 | 4.0% |
| 4. | Far East Hospitality Trust | 3,000 | 0.68 | 2,040.00 | 1.0% |
| 5. | Ho Bee Land | 300 | 2.30 | 700.00 | 1.0% |
| 6. | Warchest | | 1,360,000.00 | 82.0% | |
| Total | | | | 1,665,350.00 | 100% |
| | | | | | |
| Less: | CFD Leverage @ 2.8% | | | (158,000.00) | |
| Total | | | | 1,507,350.00 | 100% |
This will be a quick update as we enter the last quarter of the year getting ready for again a new year up ahead.
There's only two updates this month that I want to make from the previous month.
The first is the Cash-Out Financing which I detailed in my post here by taking out an additional cash loan under the home equity financing.
The equity portion for the house is still very much in positive territory due to the TDSR rules implemented so I won't be overly concerned with the movement in asset prices. The asset will have to drop by 40% for the equity portion to be at breakeven. The GFC is a good stress test.
It is also very tempting to put all of those into a Reit that pays 9% dividend and just sit back and see how things go from there. But I don't think I'll implement it that way.
There are some ideas on what I want to do with the additional cash on hand so I hope to be able to update in the next month or so once it materializes.
At the moment, I probably can't and won't say out too much about the detail.
The second update is a short position which I took on DBS.
It's not a large quantum by nature and given the Oct volatility I wanted to take a short time-frame position in DBS to see if it will test the strong support $24 again. I'd probably close my position once it reaches there.
Apart from that, I am still monitoring closely some companies in my radar such as the likes of Dairy Farm, Bukit Sembawang but it pays to be patience when waiting for these companies. There are also no urgent compelling catalyst on these companies so let's see how the Oct month will fare by then.
With everything that's going on right now and projects both at work and off-work that I'm undertaking, things have been very busy that I have to run around and settle multiple errands.
Meanwhile, do keep a lookout for that opportunity in this market we might get some good deals over here.
Thanks for reading.
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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....
