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Monday, March 16, 2015

"Mar 15" - SG Transactions & Portfolio Update"

 No.
 Counters
No. of Lots
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
China Merchant Pacific
69
1.06
73,140.00
25.0%
2.
FraserCenter Point Trust
30
2.03
60,000.00
21.0%
3.
SembCorp Industries
10
4.26
42,300.00
15.0%
4.
Vicom
6
6.58
39,300.00
13.0%
5.
FraserCommercial Trust
11
1.49
15,840.00
5.0%
6.
ST Engineering
4
3.55
13,800.00
5.0%
7.
Stamford Land
10
0.56
  5,600.00
2.0%
8.
King Wan
5
0.31
  1,550.00
1.0%
9.
OCBC 360 (Cash available for investment*)
40,000.00
14.0%

Total SGD


291,530.00
 100.00%

* Does not include emergency, social security, insurance endowment and short term (1 month) funds for working capital purpose.




Since my previous update, I have since divested all my shares for MGCCT and Neratel for two reasons (view them here). The first is due to its high valuations which I thought was pretty unwarranted at this stage of the bull run. The second was due to the desire to raise some cash on hand to take advantage of any market correction at the later stage. More on this rationale will be explained later.

For the month of March, I have not made any purchase nor divestment transaction to date. I thought the market was still going rather sideways and a few of the counters are holding up partly due to their cum-dividend status. At the moment, I'll just continue to monitor around the market. I have a few counters high on my toplist to add on, but there'll be no rush.

I have made some changes to the portfolio reporting update from this month. If you have noticed, I have now included the cash available on hand for investment purpose and they are being stored at the OCBC 360 account which I just opened last weekend. Having delayed for almost a year now, I was rather inspired by a few of the fellow bloggers and in particular Mr 15HWW for opening this account. The ability to earn a 3% interest while having the option of waiting for market correction to happen seems pretty too good to pass right now. I have not included any other funds required for emergency, social security, insurance endowment or short-term funds for daily working capital purpose in this category as it would make it rather complicated. I have also received a few queries asking whether this includes my spouse portion and the answer is no as she is using mostly her own money to fund her apparel business (24Fabulous).

The overall portfolio has now increased from the previous month of $289,860 to $291,530 this month. The estimated annual dividends from the portfolio is expected to be $14,558 which has gone down from the previous month due to the divestment of two main dividend paying counters.


I am expecting quite a bit of funds coming in from the next two months due to performance bonus and dividends paid out in the months of Apr and May respectively. It's a good way to build up the cash further should market decides to keep running up. In the meantime, I'm pretty satisfied with what I currently have in the portfolio.

What about you? Having a good month for March?


17 comments:

  1. Hi B

    You'll be hitting the 300k mark pretty soon . Good job!

    ReplyDelete
    Replies
    1. Hi Retail Trader

      I suspect there'll be plenty of headwinds in the market which will bring the overall portfolio down in the next few months, but I guess it's also a good chance to accumulate :)

      Delete
  2. Looks like quite a fair bit allocated to CMP.

    ReplyDelete
    Replies
    1. Hi EH

      Yes CMP remains my core at the moment.

      Delete
  3. Hi B,

    No. of stocks getting lesser and more concentrated!

    ReplyDelete
    Replies
    1. Hi Rolf

      The lesser stocks is actually due to the divestment.

      I'm still planning to increase my holdings to about 10 and have quite a few in my watchlist, so will be monitoring the situation closely :)

      Delete
  4. Hi B,

    Congrats in advance on your soon reaching 300K. But if you take out the 40k in OCBC-360, your CMP would be close to one-third of your portfolio...

    Yes, enjoy OCBC-360 while we can. Usually good things won'y last. HaHa.

    Cheers,
    Farmer.

    ReplyDelete
    Replies
    1. Hi PIF

      Thanks for your kind comment.

      I should be adding some into the portfolio with the money so the percentage holdings for CMP will decrease once I have added those counters.

      It's a little hassle to change to the ocbc 360 but the interest is really attractive at that rate :)

      Delete
  5. Hi B,

    Like Rolf, I notice that you are becoming more and more like MW! Kudos!

    In my view, only the top 4 holdings really matter to your portfolio at this stage.

    I doubt I can stomach that so have to continue diversifying my ignorance away. *sigh*

    On a separate note, hope Mrs B's blog shop becomes an unqualified success and thanks for the kind mention on the OCBC 360 Account. 3% is really decent in this climate!

    ReplyDelete
    Replies
    1. Hi 15hww

      Thanks for your kind comment, though I still have a long way to go to reach MW level. But I'm beginning to choose to focus a lot more on stocks which I believe will do well over time.

      Thanks for the recommendation on the 360 account, the interest is really appealing, getting $1.5K in a year just like that. And many thanks for the appreciation for the business too :)

      Delete
    2. Hey,

      360 account 3% sounds good.... I will check it out also.

      By the way, can you guys enlighten me what does MW stands for? Mr. Warren, Magic Wand, Madam Wong, Master Warrant... ?

      Delete
    3. Hi Rolf

      MW stands for Musicwhiz and our friend too. You can google around his blog, he is one of the true value investors around our neighbourhood.

      Delete
  6. It's interesting to see someone who are into dividend paying stock to have a bearish view. Buffet stayed on the sideline in 2006-2007, 2008-2009 he made the moves and made boatload of money. So having some cash on hand is always a good idea.

    Fear of Greece-Germany talk failure can bring down the global market, as it is the beginning of the broken down EU.

    It's also interesting to see how the FED fix the USD overweight issue, and maintain economic growth.

    All of the above can send 510% correction or upbeat mood could send 10-15% stock rise. There is a fine line of whether you want to buy value stock or miss the growing stock altogether.

    ReplyDelete
    Replies
    1. Hi Vivianne

      Yeah, there's nothing wrong with being fully invested, as long as the investor knows the risk he or she is facing up to. We'll also never be able to predict what's going to happen, so staying vested is a must while the fight is between the opportunity loss of growth versus opportunity gain when market crashes. As you can see, I'm still mostly vested so I have no plans to divest stocks which I think will do really well in the long run.

      Delete
  7. I just want to make sure I get my thesis right, my businesses continue to remain sound and that I don't overpay for my investments.

    Congrats B......on your portfolio :)

    ReplyDelete
  8. Hi B, at 14k dividend, may I know what you reckon your overall dividend yield is. Definitely higher than my 3%. May I know which would be your highest yielding stock, China Merchant?

    ReplyDelete
    Replies
    1. Hi Trademarksg

      My overall portfolio yield is somewhere at around 5.13%, not exceptionally fantastic but I'm looking more into quality businesses that generate good fcf rather than chasing the yield itself.

      Delete

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