Portfolio Transactions (November 2020)

Updates for my Portfolio for November 2020

I am feeling slightly better at work compared to my previous post, it is now the year end and appraisals are starting.

Unfortunately, exercise has taken a break as I seem to have strained my wrists too.

Stock markets have climbed significantly making it harder to find ideas but generally glad that I am mostly invested (maybe except my CPF which is only about 60% invested).

I doubt I will be able to hit the 500k net worth milestone by end of this year, unless the markets are really kind.

ANT Financial was abruptly suspended, oh well.

• Buy Jardine Cycle and Carriage at 19.41
• Reasons 
• The markets for all developed nations have kinda ran up. STI yesterday plunged significantly, probably due to the travel bubble not happening.
• I was queuing around 19.5 to 19.6 but at market close, share prices gaped down to 19.41 and order filled. Quite lucky actually.
• After developing markets recover, next would be developing and emerging markets.
  
• 18+ would be even a nicer price, though the yield now is pretty good (assuming reversion to 2019 payout).
  
• Sell PSQ 15.0 Calls at 0.4
• Reasons 
• I finally decided to throw in the towel on this position, so I am starting to sell in-the-money (ITM) calls to squeeze out some premium.
• Buy Alibaba at 254
• Reasons
• Since ANT won't be in the market any time soon, I took an opportunity to average up on my existing position to size it equally with my Tencent position.
• Alibaba, like Tencent, has build strong ecosystems into the users lives. As we see China recovers and grow, these companies will be the first to show.
• Buy SPY at 362.64
  
• Reasons
• As the market is on an uptrend, I thought I put back in place an old trading strategy that I used to do in index futures long ago. This time unleveraged on the index itself.
• The execution was partly my fault as I used the wrong kind of order and the order filled immediately instead of hitting my target price to enter. Guess I might be paying some school fees soon.
  
• Another thing is I am wondering if VT makes a better instrument.
• 
• As with the practice goes, I will do a small trading journal for this position and if the account go boom, we will close shop. If it does well, it will grow and feed itself. Treat as some playing money (it is less than 1% of my portfolio), with the added fun that TDA is zero comms.
  
• So this is a general trend following strategy with the emphasis of only going Long (to reduce mistakes). The timeframe is a daily chart for entry with confirmation from weekly charts. We do not expect to scalp or day trade but focus only on swing trading where there is less noise.
  
• As you might observe, share prices are hitting resistance around 364, which is why I am probably in trouble since my order filled.
  

That's all for my money for now.

The US market are far too green, who knows if we might see a correction. Maybe can pick up more payment processors and tech then.

On a side note, there's more and more drama with Eagle Hospitality Trust with MAS, I wonder what's gonna be leftover when this ends.

Conclusion

My portfolio YTD is now down ~5%, with the long term XIRR now slightly positive.

My cash position is currently at about 10%. Probably keep an eye out for opportunities while conserving cash (there's still a balance transfer the size of about 10% of my portfolio ready).

Related Posts:

• Portfolio Transactions Update (October 2020)
  
• Portfolio Transactions Update (September 2020)
  
• Portfolio Transactions Update (August 2020)
  
• Portfolio Transactions Update (July 2020)
  
• Portfolio Transactions Update (June 2020)
  
• Portfolio Transactions Update (May 2020)