A Plan for 45 - Part 2

So the first half of 2021 has ended and things seem to be coming back to normal, (baby steps) with the vaccines, and new regulations and companies learning to cope more with working online etc. The ivnestment market has shaken off its March fears of inflation / rising rates / tech bubble and there was a sustained performance by all three major indices in US markets in June. 

That brings the overall portfolio back to a more respectable level but I am still lagging the S&P 500 performance due to BTC exposure other tech names. 

The S&P and Nasdaq have both repeatedly broke ATH after ATHs. I was just thinking about taking some profits for some value plays and in-the-profits-but-corrected some tech to prepare cash for the inevitable correction, and it seems that majority of the analysts surveyed by CNBC seem to feel that there is a correction too. 

Not an expert but if something hits ATH, its better to stop putting in new money and have maybe some cash. Not selling anything either, but just don't go full retard and buy all in. 

Seems that BigTech (FAANG+M), Banks (XLF), and Energy (XLE) are the preferred plays this 2h2021. 

I have not done any changes to portfolio except selling some BEP and getting into KDC after it corrected but that is more of a regular yield optimization play. 

Glad I bought some MSFT - enjoyed a nice little run. 

Edit: Bought a little bit more of QYLD, I am treating this a a place to park cash, should things turn i will divert funds from here to get cheap beaten up stocks on my watchlist. 

Action to take, 

1. continue Take Profit to hit 15% -20% cash (now at 10%)
2. Buy on weakness FAANGM stocks 
3. Watchout for banks stocks, XLF / IPAY to certain extend

Dec 2020 - Wrapping up a crazy year

As the year comes to an end, and what an unusual year it has been, I find myself feeling pretty refreshed and intrigued by everything that had occurred. 

Investing wise I have learned many useful lessons which will stay with me for long. Breaking traditional wisdom and accepting changes/ truly embracing the meaning of life-long learning. It's like traditional wisdom and lessons / case studies still work but should not be taken as 100% gospel truth to be followed blindly, rather applying the theory and using it nimbly on current market and futures. Aswath Damodaran sums its up perfectly in his blog posts and videos that many "value investors" had become so enamored in their applications of the techniques that they missed out obvious trends. I am thankful to have chanced upon his sharing via internet early this year and learnt a great deal while dealing with the sell-down in March and subsequent challenge of allocating my cash in the mighty upswing that was in July - Nov 2020. 

I hope to apply all I have learnt and experienced in 2021. 

Work has been uneventful thus far (which is good), with a slightly minor note of joy. A slightly larger than usual increment thanks to being promoted help me financially and I felt relieved that I had move past the salary range I was stuck at previously. Nothing much to jump about as it is more of a "your time is up" kind of promotion versus the "we think you are good" which actually pisses me off. Anyway, I have been focused on growing my wealth instead of climbing the ladder since 2016, journey has been great thus far. 

Health and fitness wise this was not the better years, full of minor aliments here and there makes me feel like I am really aging. There were moments which I felt great after a good rest, when I could perform well on the court, but these were followed quickly by post-game aches and soreness. I need to recover from my ankle, shoulder cuff, and thumb injuries soon! 

On the topic of aging, I do feel that with diet, knowledge and better living conditions humans tend to be able to delay aging better compared to previous generations. At the rate I would think I will look younger than my dad did when he was 40. 

Met some interesting people during my social volunteering duties, with the most interesting one resulting from a wrong number call from a random kid. All I can say is life is so unexpected at times and the strangest of occasions will lead you to things you cannot imagine. 

Onward to 2021 ! Floor Level 37

Portfolio Review - Selling during US Election and subsequent new set up

Previously I had come to the format of having +-50% in income stocks and growth etfs (US based for better upside) and was pleased with it. But I discovered that I probably wasnt able to reach my financial goals by at this rate. While fretting on what else do do I came upon some discussion on telegram about selling off bulk of portfolio to avoid the election-induced possible selling down. I sold about 80% of my holdings with the mindset to avoid losses (which didnt happen) on hindsight although I should do my own dilligence this "fomo" action gave me an excellent opportunity to reposition myself and "force" myself to cut deadweight like Straits Trading. 

Two objectives: To position myself for eventual recovery to normal economic situation, and to try achieve at least 20% ROI to make it. New Portfolio allocation: Income - 40% Growth aggro - 25% Growth stalwarts - 30% Speculative - 5% I was actually considering doing a SG / US ETF splits since late 2019. The plans were in traction but covid struck and hasten the drop of vulnerable industries and sectors. 

I was stuck with turnaround value play like Straits Trading, retail reits like Lendlease Reit. These are pretty good stocks with their own merits I felt and is why I had been holding on to them, but the change in mindset cause huge downside. 

Why dont I buy and hold? Well for starters the rate of compounded growth for buy and hold only works for companies that had real long term growth trend. This buy and hold theory was started in the US where they really had some great companies like McDonald's, Starbucks, Microsoft and Facebook. Secondly, I dont have much capital, I would DCA into a stock, which means buying up. If the returns arent higher double figures my eventual cost is much higher than the historical performance of the stock due to buying up. This means eventual growth is just single digits. 

Switched to Reits for SG market and Growth for US market as these markets are repectively good at income and explosive growth Currently my plans is to keep a sizable portion in thematic ETFs (>10% in SMH, ARKK, MOAT) while holding around a third in proven income producing stocks like local reits or UMS (that is the strong point of SGX) I will also have 5% for speculative or positions which I do not quite understand yet - park under here. 

I am considering juicing up portfolio by having 15% in "moonshot" stocks.. I understand the risks involved but I feel that without such "moonshot" stocks investments I would not likely be hitting my dreams as the age presently. Of cos I would only invest in what I can afford to lose completely in this 15% and still be able to maintain current lifestyle as my limit.

Mid August review of my portfolio, records of my recent actions and justifications.

 

First off, some rambling...

Between having a stable, meaningful dividend portfolio I also felt like I had to make up for lost time due to the relatively late start to savings and investment game. Starting from 2019, I have allocated a portion of my resources to start a position for growth. For now I am satisfied with the weightage, with my dividend: growth at 2:1 for the near term. (current ratio is at 4:1), progress is better than expected and I should be able to hit my near term portfolio aum goal earlier than planned.

Buy & Sell

I added some AIT due to the positive results, in hindsight I could have done a quick trade before adding again if I wished to once the excitement die down (locals are a forgetful bunch) but nonetheless I was too impatient and bought it at market price on opening. Mid-long term wise it is still a good purchase and I am looking forward to receiving meaningful income and expect its dpu growth.

Sold AEM after deliberating for a couple of days at 30% profit.  I didn’t get it cheap and although I may miss out on its potential splits / issues the recycling allows me to replenish some cash and this is key especially in frothy market conditions this year.

At the same time, I resisted selling UMS for its yield still falls within my acceptable range of >5%. Being a good year for semicon industry it should be able to provide great income for the upcoming year too. 

Opted for cash this time for CRCT due to the weightage in my portfolio plus I am having Lendlease reit too. Both are affected negatively by COVID-19 and I would expect the price to weaken, again replenish cash for deployment.

Initiated a small position in Brookfield Renewable Energy (BEP), it checks a few boxes of stable income, dpu growth, sustainable payout, and more importantly it is a hedge for the future trends which I identified as potential challenges for old world business (veganism/sustainability/animal cruelty/feminism/racism/sexuality orientation) Going forward, I would continue to identify business or themes which provides a natural hedge towards consumer and social trends changes for the foreseeable 20 years to future proof my portfolio. Sustainable energy is the first one which I felt is reasonably addressable from a business point of view, we shall see.

Portfolio review

Yield of portfolio has improved but still far from my target of 6.5% now that most stocks / reits have ran up due to the QEI I would either have to take more risk by entering subpar reits or buy beaten down industries and hope they survive (neither is a good idea) I am looking at some HYBs and if they provide at least 6% it may be a reasonable entry. Also this will serve to prevent such a big drawdown during the next blackswan (my portfolio got a -35% during the march period). I have also learnt the beauty of sustainable dividends vs purely high year to date dividends.

Thematic ETF play has been the new weapon of choice for me this year. It has absolutely outperformed the rest of my portfolio and my local market of cos I would underperform the Nasdaq and stock pickers for tech sector but being far from markets and without reliable network, I think thematic ETF play style is the most risk adjusted way to get alpha for myself. I just need to identify the trends, basic long term potential , all of which are more qualitative analysis and quantitative. I reduced the need for technical analysis to a bare minimum.

2nd Week of April - Investing in Covid19

I need to keep reminding myself to blog down whatever details I could during this period of investment as I am certain that these would eventually be good learning points for the next crisis. Human memories are short and I probably have only one more chance at accumulation during my productive years. 

Having bought and sold several counters - total cash deployed over this period is about $19,000. 

When news of the Covid19 broke out, I am skeptical of how bad it would be, however to be safe and to ensure that in the event that if there are significant drawdowns which I could trade around I sold some counters which i felt would be dragging my performance, as well as took minor profits. The main goal was not to lock in profits but more to ensure that I have significant warchest. I was at 85% invested in early February. 

Actions taken: 
1) Sold FPL, Ausgroup, Areit, Astera V - Booked total lost of $6.7k from FPL and Ausgroup. Broke even on Astera / Areit

2) Using the cash I quickly made sure to redeploy into counters which I am still holding with stronger convictions - KDC, CRCT, AReit I call this "change horse" tactic. Rider must continue journey but the horse is tired, need to change the ride. Based on their respective drawdowns and projected rebound (to normal situation) and dividend - I foresee that this step is the right choice (time will tell if I made the right decision) 

3) This is the tricky part, another portion of my deployment from existing cash will be used to average down. Gotten Aims Reit, UMS and LL Reit

4) Bought counters at significant discount or for recovery play - Starhill, Ascendas I-Reit

Summary of Week 2 April 

Current state of portfolio is very heavy reits, I am targeting Wilmar / SATS and SMH however these have yet to reach my buy TP. They have shown resilience after the initial dive during early March and gradually recovered to a more palatable pricing. 
I have missed chance to accumulate Wilmar and SATS below $3 due to indecisiveness.. honestly I had a TP but when the moment came so quickly and impactful drop, I reconsidered and held back for couple of days.. then opportunity gone. 

have a plan - STICK TO IT. 

Summary of March Madness: Investing during Covid-19

The situation has been bad and it looks like it will remain bad. Prices across all markets had recover during the last week of March. This seem to be the textbook situation of the rubber band effect where big drops are usually followed up by a sharp rebound.

we can all agree that there will be several potential scenarios playing out from here on:

1. Recover to V shape - highly unlikely as main cause of the crash (lowered economic activity) has not been resolved. 
2. Maintain at current prices/ bottomed already - Due to the Fed and QE5 measures they had drawn up, all the world leaders are now in this "end game" mode. Hopefully, this mitigate the measures somewhat and by then a cure / solution will be found. 
3. Further dips - I am more inclined to think that further dips will happen. At least 1 more big dip. Whether it will dip beyond 2200 is anyone's guess my I think good opportunities awaits.

Actions

1. Take short term trading profits.
2. Trade around core position to keep lowering average prices for counters I hold
3. Buy when value emerge - Identify future proof companies (Semicon / Datacentre / Logistics / China Mid-class growth) 
4. Buy when extreme craziness appears, good yield on staples industry (Utilities / Basic consumers)
5. Put aside cigar butt investing for now (too risky) 

To be reviewed again in April.

Perhaps we should take a short term view

A thought came to me over the weekend (which I would highly attribute to the books and conversations I had recently):  Most financial advice that is doled out involved careful planning and execution over a long period of time. The period of time is usually over 20 years or more. I start to question if that is even viable, as the rate of change is accelerating at a higher rate than ever.

Think of this: IIRC it took us far shorter time to build the first aircraft than to invent the first light bulb. It took only 10 years for internet to be flooded with all these new social media and big data hype. (some of which I am still struggling to make sense of) In the last couple of years, it seems to be fashionable to sell products that is basically dreams.

Viability

What I am trying to pen down is: Would these financial solutions be viable some 20 years later. If not, why are we working on something that might be doomed to fail? To be clear this is not just accounting for inflation or personal lifestyle situation changes, but more of mega changes that is unthinkable presently and vast technological advancement and change of mindset. All these would ultimately affect how one plans.

Speed

I am starting to believe that anything beyond 15 years is in need of massive review. Unlike companies and institutions which plans for “long term” and “perpetual” you only really live once. You can only do certain activities when you are young (like come on, I can’t hoop that much if I am 50 year old , it is not about training. Same goes for alcohol. Same goes for your fast twitch muscles required for online gaming# ) In short I want to have the resources in the near term, when I can physically enjoy the good my money could buy me.

Planning for old age is fine, but people get so tied up in this that they practically missed out their 30s and 40s. I feel that there is a portion of the folks out there who got the formula but it isn't that easy. To put it simply, to enjoy life while you are still (relatively) young, you need to work super hard to get that high income / high business profit. 7-10% CAGR a year is great until you realize that without a significant base capital and high capital injection each year. The total amount at the end of your journey is a million at most which isn't a lot in most developed cities.

Seed Money

The ultimate solution is still getting that first pot of seed money – which for most people without a silver spoon in their mouths since birth would be a great income or a side gig.  It is important to get that seed and even at modest growth it would lead to great compounding wealth. The difference is, the speed you get the seed.

I have no solutions yet; it is another yet random thought I had over the weekend. I am currently pursuing what could be a boost to my main income and hopefully that works out.

#I am getting my ass kicked by kiddos in CSGO cause’ my fingers can’t seem to react as fast as my eyes anymore.. no more split second scope flicks or headshots.

2019 - New Year Resolutions

Its the first week of work and thankfully the pace is not as hectic as I expected to be despite having some stuff going on next week. Think prep work, chasing for invoices and payments and stuff.

I am 35 this year and I guess in Singapore context this means a full grown ass adult. (This is the point in life one could buy a HDB apartment as a single, also the part when your relatives and friends would check if you wanna try out Coffee Meets Bagel).

Review of 2018

Career wise, it was relatively disappointing as I was expecting a promotion a few things occurred here and there and next thing I knew my supervisor resigned and everything was a flux in the department. It affected some operations and it was quite hectic especially during May - Sept. However, compensation wise we received a pleasant surprise as there was a slight increase in the EOY bonus payout by 0.5 months.

I sold my current apartment and it fetched us quite a tidy little sum. We did not expect the amount to double in just 5-6 years of stay. I would look out for a suitable apartment for my mum next year so that she could stay near me next time. Both of us intend to keep the extra profits as emergency funds. SSB for my mum - probably is the best and only idea as she doesn't meet any of the min spending or salary criteria for high interest saving accounts.

On the equities side, I have a rather painful year.. thankfully the absolute amount is relatively small and I have since learn two lessons - to take profit and set stop loss and also to review regularly the finances … busy at work is no excuses to not follow up on investments. This is especially true if you purchase any higher risk items. S -chips for example 

2019 Resolutions

The following shall be my 2019 goals:

Take care of my body more - I feel like physically something is missing ever so often, lack of energy, prolonged soreness after basketball. Its the general weakness. I guess its aging. I shall restart my twice weekly non-ball workout sessions and jog at least once a week.  Gotta eat cleaner too (Brown rice !)

Discipline for investing - keep learning, reading and dedicate time to sift through information. Read books and alternate news such as blogs. Understand more macro stuff and general worldly matters. 2 Hours weekly (sundays now that I do not work on weekends)

Save ! - This is a bit of a stretch but I hope to save $50,000 for this year. This would aid our plans for the wedding in 2020 and potential honeymoon bomb. I should be able to do this if everything goes to plan... fingers crossed.

Mental fortitude - Due to office politics and lack of opportunities both inward and outwards, my strategy is to keep my poise, continue to do my good work. Until the next wise boss comes around I should manage my expectations and bid my time. This should be a wiser move than quitting into unknown territories where I potential could be raking in less. The current situation is not ideal especially for progression but still above average. Based on the statistics I am at 70% of the median income... I guess I cannot complain too much and learn to appreciate what I have. Keep calm and carry on.

Some photos of the lovely view out of my window for the last 6 years:

This is me every Sunday afternoon.

I took the plunge recently with the small pot of savings I have to invest in a venture (call it venture A). This would be significant risk and may jeopardize many things such as marriage and ability to say f**k you at work. If it turns out well, not only would I stand to hold significant capital gains, it would likely fulfil my criteria of 6%yield on a long term basis.

Since this venture place a significant dent to my warchest, I would be on a semi-hiatus for my stocks portfolio, likely rotation play and yield accumulating only.

I would also need to cut expenses and rack up savings to prepare for new warchest and also fund the venture A.

In a sense this is also a good discipline exercise for me to save up. I am not getting any younger and I figured that a need a way to force myself to save. Rather than taking my chances with insurances and endowment I would rather spend my money on a venture.

Stocks wise, I bought back into UMS after seeing it reached a support of 0.9SGD and felt that it was oversold. It is now $1.SGD and I feel more is to come once bonus shares (1 for 4) is confirmed.

I also bought a few lots of Accordia Golf Trust as a form of replacement over Croesus Retail Trust's hi-yield role in my portfolio. I would buy more if it dips as this trust carries more risk than CRT. Looking at Dec dividend of 4.5% to 5% based on its monthly reports.  - Update 2018 Sold AGT in Late 2017 for 1.5 yr gains on yield due to lower utilization rate. Good decision to take quick profits.

Investing for Hi-yield 2

So one of the short cuts I take when searching for stocks to purchase would be to scour the net (forums, magazines, bank investment articles and such) for some ideas. Two ways to work on this: one is to research on the recommendations, the second method is to avoid those recommendations as you would assume that all attention is being placed heavily on it and it is probably fully valued or the BBs are creating a hype to unload it to retailers. (comfort anyone?)

I saw a mention of Pan Hong Holdings some weeks back, being an undervalued counter (way below nav I think -50%?) and it pays out pretty high dividends of >5% I started to look into it. Normally I am skeptical of anything related to china , especially if these related to properties in less than ideal 3rd tiered cities. However the valuations and figures are so compelling, assuming it was slightly overvalued, there is still much meat left. I took the plunge with a small position and it all turned out well shortly after with the company announcing a div in specie to unlock shareholder value by distributing shares of Sino Harbour. Two weeks, 25% gain including div. Some hindsight as a lesson to myself:

1) always do enough groundwork- work caught up with me recently and I did minimal research which led to selling too soon (no confidence) and not averaging down (when it drop from 23c to 19c)

2) I forgot to look at float. At 74% (cant recall) privately held, PH is definitely something like FCL and Simlian where majority shareholder would feel the pain of a low share price. Its high dividend policy also suggest that like the aforementioned two companies, the "returns" are distributed via dividends. Simlian took themselves private due to the severe undervalue and in that year (2015?) they were slated to distribute around 10% yield. Why share the profit with a bunch of fools who doesn't not value your wonderful company? I would take myself private too. lol

3) always have a clear pre-buy list ready. You never know when you will be busy to the point where you are unable to make off the fly decisions. I missed out on Wilmar and CWT as I was unsure, but in end it was a clear free angbao by the BBs which many of my friend took advantage while I was out of the picture and was too late.

4) not keeping up with news. I didn't even realized NK shot some missiles till my colleagues told me.. oh man...

Investing for Hi-yield

The local stock market has been extremely buoyant lately and to add on the stock picks I've achieved exceptional returns for some stocks due to entering much earlier than analyst calls. I felt its 50% luck 50% effort. I do not think I would be able to achieve the same type of returns at the 2H 2017.

UMS - 70% returns for 5months time
Hotung - 35% for 5 months time
FCL - 15% for 3 months time (ex div)
Croesus - Pte offer 32% up (this is a sad lost)
I am still holding on to Design Studio. (30% gain)

The issue with rising prices and chasing for yield is when big boys sweep up good companies which are undervalued. I'm now stripped of the following ;8% yielders since 2015: Croesus, Saizen, Sim Lian, UMS, Hotung (first 3 being completely privatised so there is no hope of coming back).

Now what do I do with the profit? Too little to purchase property to lock up value.. I'm stuck with a market that offers APPT, BHG, IREIT, LIPPO for high yielders ... ugh... the quality pales in comparison.

Non-reits which off >7% are increasingly rare and usually these dividends fluctuates. I shall hold on my cash for now.. but this surely would hurt my dividends in 2018 if I could not identify replacement stock for Croesus reit past Q3 2017.

Its been sometime since I last blog. 6 months to be exact. There isn't much to talk about, and I was kinda busy.

I think I am developing old man vision. Eyes start to get tired easily these days. There is always a feeling of sleepiness after 1am. Thirties is really a bitch.

After a period of uneventful July to October, we reached the November.
Trump got elected after the USA presidential elections. Its against the conventional wisdom of all the analysts and experts. Which lead to a short 1 day mini sell down, stocks picked up right after.
Thereafter it has been weak mainly due to prolong uncertainty of the Fed's decision to raise I/R for upcoming December's meeting. Personally I seen a huge drop in my holdings for mine is a dividend heavy portfolio.

One of the lesson I had learnt is not to trust "experts" they are human too and made mistakes.

Locally the government's initiative to push for 4th telco coupled with impeding rising rates and trump's rejection of TPP, has cause big sell down for all three telcos. Funds selling to invest in US, retailers dumping due to the impending 4th telco, and banks and brokers have been issuing serious sell calls.

I sold some starhub and m1 earlier in September. I am still holding on 1 lot of each. bad news. bad decision. Double whammy of trying to reallocate funds in what I perceived as the most stable telco Singtel. Alas I should have waited for a better entry price.

Overall portfolio down by 6.5% as of year to date. I wonder if I should sell both and book my losses.
inclusive of dividends I will still record minor gain of +2%

It is my weakness not able to capture the right time to sell. Maybe it is time to brush up on this area.

Stock to watch currently.
I shall focus on dividends from companies that are less noticeable by funds and BBs. Less volatility.
Funds that receive profits in USD shall also be interesting.
ALso look out for companies which does it business in overseas, providing natural hedge against SG bad economy.

Sunningdale tech/ Venture corp/ HC surgicals/ UMS holdings/ Sheng Siong/ Jumbo/ CapitaRetailChinaTrust/ starhill global

Shall observe to see if my analysis is right.

I made an effort to cut down on buying dividend stocks due to the macro conditions and also due to the need for cash in the short-term for my apartment's down payment. Dividend bearing stocks (higher yield ones especially) then to have their prices stay stagnant or dip relative to interest rate rises and other related reasons. If you need the money in say 2-3 years' time a growth stock that allows quick gains may be the better choice. Of course, I did not sell all of my dividend stocks. A large portion of my portfolio is still dividend. I am aiming to change my portfolio from 100% dividend stocks to a 70:30 (div:growth) ratio. This should amplify my returns a fair bit.


Now I am predicting that auntie yellen will not push the rates up too high due to the weak economy outlook in the states. However I do foresee generally weakness in the global economy. Which may/would lead to lower rates but QE has been done by various countries to varying degrees of success. I don't think that is the method the administrators are going to use.


I do hope the Singapore (property) market continues to weaken so that I can spend less when my turn to purchase comes. I do think it is slightly overpriced now.


Strategies for June and July will be to keep itchy fingers from buying anymore dividend stocks and accumulating investible cash for the upcoming Fullerton IPO.

I was not really feeling that keen to write a blog post because there's nothing much new.
However that changed as there is simply too much noise and opinions , plus new distractions.


This post will serve as a reminder to myself by the end of the year 2016.


First things first, we have this P2P lending thingy and tbh I was kinda sold (enough for me to create accounts for two of the P2P lenders) Interestingly, what I realised was that how fast these loans get sub out.

Within MINUTES



a friend of mine said that many singaporeans hoard tons of disposable cash and he believes that the usual person you see on the street in our 25-35 age group has about 100k to 200k disposable cash. I hope not, because that is kinda doesnt make sense. Espcially if everyone is crying how expensive 100k cars and 600k hdb flats are.


I do believe however, singaporeans are less keen to use the SGX as a means for investing income as compared to riskier vehicles such as p2p lending/junk bonds(think 2008) and starting a business. Was it because of the 1997 and 2008 crisis? I have no way to find out within my social circle.




Next up is the noise.. friends have been trading furiously, except one. He is earning quite decently and cash savings + dividend portfolio suits him most. (oso lazy) I did my sums and sad to say i cannot ride the trading waves in such a bear market as well , due to reasons such as pending MOP and needing a hefty 55-60k CASH to clear my debts. A potential wedding and etc will set me back at least by another 30k even if the other half chips in significantly. 


Since im bull on property and i believe its fundamentals are very good in SIngapore I am sticking to my guns to just hold and save up.




ACTIONS to take:


Hence in the 2nd half of th year i will:


1) Continue to accumulate quality blue and large cap that has been battered.
2) Stick to dividend portfolio policies but reduce %.
3) Sell high debt level counters gradually - Croesus and OUE C-Reit (reducing their position)
4) Buy into a bit of growth to balance- Dividend are gonna be down in this environment due to lower earnings from stable companies, however new companies and s-chip being not at peak of their potentials can still record above market results and thus rise in share price - drawback is there is usually little to no yield for such counters - Target to position 10-15% monies on growth while
5) Maintaining total portfolio yield at 6% or optimistically 6.5%
6) Hold cash of 10k for unique opportunities - Fullerton Health IPO
7) Diversification to all sectors - as above - 1st entry to healthcare
8) Decide what to do with P2P funds of 1k- not alot but just do something ? thing is Im so busy i missed 3 opportunities to sign up before they got all subsribed - SERIOUSLY singaporeans?


Key thing to remember - blue chips and good dividend counters are only high yield when you buy them EARLY (just ipo) or if you missed it, during bad times such as feb 2016. There is no high yielding low risk low debt stocks. There must be a reason behind it.

Its been some time since I wrote anything. I am having new stuff at work and on top of that dating someone. I wonder if I had a change in my mentality since last year, I am more comfortable with myself. I'm able to watch movies , dine and drink all alone and infact I Prefer to be alone at times.. was it due to work? I am so busy these days that I just cant be bother to start a conversation.

There is a rather significant dip earlier this year on the STI .. thot I might as well blog about it. The thing is fast forward it to the end of march and the STI has pretty much recovered back from 2500 to 2800 (not bad) . It isn't everything (was about 3k range) and it has chances of falling. But the key in investing is that one should always be calm and objective. Crisis provide us with good buy-in opportunities and we should not panic unless we need cash urgently.

But if you needed cash urgently , then why are you using that sum of money for investments?

recently I am suffering from persistent backache that is rather dull. It feels like I have forgotten to stretch myself before a game -- resulting in that kind of "pulling" feeling.

I tried to recall if I'd fallen or got picked hard during my basketball game but to no avail.
Then my health freak mom told me that it probably is sciatica or sciatic nerve pain, and it seems that all I have to do (short of seeing a doctor for a MRI) is to wait it out and try to stretch my lower back muscles.. in 3 months it should go away.. we shall see.



Dip on the global markets due to massive bad news everywhere. I don't even think there is an investment region in the developed world that is actually stable right now. Sitting on a -11% of my portfolio .. shuffled some stuff and decided to wait it out.

Dividend portfolio coming to some fruition, my monthly dividend for this year has exceeded $100 per month.

Baby steps :)

insomnia haunts me again recently. Thankfully, unlike the old days at my rental flat, i can whip up a nice meal to aid me to slp. They say an empty tummy with a full mind keeps you awake and the reverse makes you sleep well..how true.

shes killing me, for the past 6 months I could hardly focus. At times I just want to give up and move on, but I really wish to know the reason. This is so unfair to me.
I guess falling in love doesnt need a reason and the reverse is true too.

As for investment , Singapore O&G is the latest darling for the local retail players this month.
I have personally taken an interest in this medical IPO too, reminded me of QnM where its likely to seek expansion via placement and so on. The dividend payout at 90% for 2015 may seem high but I believe it is a strategy and angpow to the family members. Hopefully it will reduce the ratio and turn into a growth stock.

Hope i can accumulate some of this counter before it runs up too high.