Still need a lot of work on my portfolio watchlist, looking to include shares from other developed nations. I kinda maxed my balance transfer monthly payment, let's see how it affects me psychologically (if any). In addition, I'm back to the drawing board for my side venture, let's see how it goes.
- Subscribed to Keppel-KBS REIT Rights at 0.5
- Notes
- Share prices fell due to potential tax issues and rights
- Managed to get slightly more than my position in terms of rights, although overall I applied for almost 2.5x of my position.
- REIT made another acquisition which pushed up the yield further by a few % points
- Sell Axos Financials 25.0 Put for 0.29
- Reasons
- Same as the last one, just that got a better premium (1.16%)
- This is my second option sold, I'll keep a record and trend of the Delta and IV to see I get anything useful as time goes by.
- Sell First REIT at 0.96 (Around slight loss to breakeven after div)
- Reasons
- Lippo (Sponsor) is facing some liquidity issues
- Currently, Lippo is paying 80-90% of the rental for Siloam hospital to First REIT, so if there's issue for bank refinancing, not sure Lippo will offload subpar assets and/or OUE would. Could be even worse too. The rental in SGD terms are expiring in a few years time also.
- There's some rumors about rights issues and OUE Comm Rights (First REIT is sorta given to the son of Lippo) does seem scary enough for me to let it go
- I didn't realise when prices were stuck at 0.96 for the day, it was a support, the rebound to 0.99 EOD confirmed it. Next day rebound to 1.04. Sian. Oh well.
Well, that's all for my money right now. My cash position is now ok (~23%), but have to save more. My portfolio is being hammered quite badly recently. Makes me wonder if I will be okay sometimes (my overall XIRR since I started now is just about breakeven).
Facebook is falling right now. Will consider to add more if it falls lower. In addition, looks like the market sorta made a mini rebound, let's see how it goes.
For those of you who wanna see more information, my SGX portfolio is on SGXCafe too! You can find it here.
Does your XIRR include cash/bonds? It’s a bad time now but it’s a good time to buy! Buying now or when it’s lower would help in the long term. Take heart and keep to your strategy.
ReplyDeleteNo it does not. I don't carry bonds as well, just cash. I'm trying to include cash in my calculation but I don't really have a dedicated account for it (my 360 account have not maxed out so I can't exactly park it in a CIMB fastsaver or a brokerage trust account without wasting interest).
DeleteTo me, my bond portion is CPF which I seem to have difficulty exceeding beating the balance. Hopefully I would next year.
Yea thanks, a fellow investor told me to only take 10 years of investing record to finally know your performance but I always wondered, what if after 10 years, you realised you fucked up ^^"