Tuesday, May 10, 2016

Child Portfolio - "May 16 - SG Transactions & Portfolio Update"

This would be a short update to the last edition of the Child Portfolio updated back in March and to journal the entry for accountability purpose.

The Child Portfolio was entitled to $300 dividend payout received today for holding 3,000 shares of ST Engineering. Together with the angbao we received from the grandparents for his birthday last month (link here on how we spent his fun birthday), I have decided to use these money received to accumulate more STI ETF (ES3) at $2.78 for 200 shares. I still think this is a pretty good entry point and an obvious winner for the long term.

For those who are new to the blog, the intention of doing this is to compound these money received from special events such as Chinese New Year or Birthday from the day he was born until the day he turned independent enough to manage his own money. The updates and accumulation will be infrequent but they will add up over the years and snowballed hopefully into something big when he grows up. By doing this, I also want to ensure that I don't procrastinate with the money by combining them with my own. The other thing I can do is to set up a bank account for him and have these money deposited but I'll doubt it earns great interests right now.






Child Portfolio

No.
Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
ST Engineering
3,000
3.15
9,450.00
87.0%
2
STI ETF
500
2.79
1,395.00
13.0%


Total


10,845.00
100.0%


Slow and steady wins the race...

Procrastination loses you the race...

10 comments:

  1. Hi B, You always get the stock at such a good deal. Good entry price.

    ReplyDelete
    Replies
    1. Hi SR

      Thanks, think it's a decent entry for the long term :)

      Delete
  2. hmm, considered SSB? he should get the full maturity by his 12th birthday. good present..

    ReplyDelete
    Replies
    1. Hi FC

      I am not a fan of the SSB.

      I think that's for someone who has totally zero knowledge on investing. Too conservative for me.

      Delete
    2. Know the difference between investing and lending. Even some investment bloggers may not know the difference. :-)

      Delete
    3. Hi Uncle CW

      As long as the money generates something right? :D

      Delete
    4. Hi B, I am also vested in SSB :(

      Delete
  3. Hi B,

    2.78 for STIETF is indeed a good entry point. More importantly, your child has a good head start in investment and financial management.

    Congrats!

    ReplyDelete
    Replies
    1. Hi Sanye

      Thanks for your comment.

      Indeed, I also think it's a decent entry point at this point, though it seems like it's going lower.

      Good times ahead for you to deploy your dividend capital soon :D

      Delete
  4. It’s really such nice information to get advantage from.

    Tradeonix bonus

    ReplyDelete

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