I don't know if it is just me but time has flew really fast this year so much that it's hard to believe that we are already in the month of April.

If we just take a couple of moments back, we just had the US election in Nov 2020 and then soon after that we had Chinese New Year in the early part of the year. The overall standstill in the movement of the human population makes it feel like we are repeating the week in a flash with every seconds gone by.

Anyway, let's get straight down to business.

The end of Quarter 1 heading towards April was a great one.

I received dividends from the couple of REITs that I owned - with the likes of Manulife REIT, Lendlease REIT, Starhill REIT, Ascendas REIT and Prime REIT. At the same time, the tech market, especially the one listed in HKG was also undergoing a little bit of correction and volatility. The chip shortage ongoing issues also mean that manufacturers and production was mostly delayed and this presents an opportunity for investors to start loading up their warchest and accumulate slowly.

Portfolio Updates

This month, I've made a little rotation out of my dividend yielding companies back into growth, particularly those that have been beaten down due to short term factors.

I sold my positions for Ascendas REIT and Prime REIT at a decent gain of 5% and 11% respectively (excluding dividends) in order to raise cash to purchase other beaten down growth stocks.

I am still keeping my top few positions in Manulife REIT, Lendlease REIT and Starhill REIT because I think they still have a good runway to go given the reopening of the economy back into the workforce.

In the US market front, I purchased a giant e-commerce conglomerate Alibaba as I managed to catch them at a decent low before the recent results of the $2.8billion fine which they accepted. For Alibaba, many of the bad recent news have been priced into the market so there is a good risk reward opportunity for investors to load up given how badly they have been priced in by the market. 

Together with Manulife REIT, Alibaba is now my biggest holding position.

I had also purchased a small position for AMD at near $75 during the recent tech correction as I found them to be unfairly punished by the market. The sector is currently undergoing a secular cycle where demand is outstripping supply by a wide haul so we should expect margins to continue going up as chip shortage continues to dominate the market. At $75, it is also sitting nicely at the EMA50 weekly chart.

My other remaining positions for Options (Sell Put) are mostly at the likes of Alibaba, JD, AMD, Qualcomm, MU, Palantir, Meituan, Geely and other small ones as these are companies which I found to be great leaders in their respective sector but unfairly punished by short term volatility of the market. The premiums are also enticing especially in the recent market correction where the premium would spike.

As mentioned in my previous update, I am still playing it safe so I have not really tapped into my leverage CFD account just yet. If you are interested to explore CFD, Phillip MT5 is now offering zero commission for CFD play which you can try out the demo here or sign up right away here.

Networth Updates

It has been a really good first Quarter as the net worth picks up quite significantly beyond what I expect to be quite a rough year. Turns out there are ample opportunity even in a market that is accommodative like what we have today.

The equity portfolio for this month climbs to $377,120, which is a good improvement over last month and on a good trajectory upwards year to date despite the recent tech correction.

With reopening still in the play, I am confident there are more upside to come and it is likely that the market will see it good this year with most economies bouncing back up.

Stay safe and sound.