Mar 25, 2017

Cory Diary : Financial Portfolio Update 20170325




Has been a month since my last post. Seems a long time. Quite amount of office politics that I have to carefully maneuver while getting things done during this period while guiding my team on execution and business alignment. Good news is we are better today than a month ago. More work to do !

2017 is Year of Rates and Banking. Banking continues to recover from last year despite the oil saga.
Unfortunately my portfolio on such is under invest. Fortunately STI Index fund covers some. Index has again proves their usefulness.

Dividends wise $7,685 Year to date.Maximum achievable for 2017 is $43,000. I think $40,000 should not be an issue by year end.

Portfolio Size wise is another new high with return of market optimism. Did some balance in increasing Singapore Saving Bond and reducing some preference shares. Expanded my REITs further ironically in increasing rate environment. And did some sporadic speculation decisions in a few counters. Still slow in moving into financial sector. Not sure have I mentioned before that I have zero out my developer equity segment as I will still enjoy my ride up and down on my property.

Currency wise, I have remitted large amount of S$ with strengthened NT$. New bullets for SGX.
Is a hold for AUD$ and US$ amounts.

All-in-All, new net worth new high due to investment gains. This metric is important as a way for me to track growth and asset base for retirement. 2017 will bring more income due to stronger NT$.

Investment performance wise, XIRR 3.6% on expanded portfolio injection base using 2017 year end date on closure. However YTD XIRR incredible more than 18% despite large stakes in low fixed returns of bonds and preference shares. And this is achieved with pretty plain and relative safe investment strategy that anyone can do. No magic and all common sense decisions. Hopefully the market remains optimistic for rest of year.


Cory
20170325

Reminder for myself : Putting money in Unit Trust do not make me an investor.
It only convince myself that I am incapable to be one.



9 comments:

  1. 3.6% is quite low compared to STI index. Have you considered investing in STI index instead? Or are you confident that you can better the index over a longer term?

    ReplyDelete
    Replies
    1. 3.6% XIRR year end is actually 18% returns. I have STI index too.

      Delete
  2. After thinking through probably you do not understand how XIRR works when compute to year end date. Only the profit for the first 3 months is used to compute 12 months investments periods.

    ReplyDelete
  3. The 3 months sti returns of 9%, is actually 36% for the full year.

    ReplyDelete
    Replies
    1. Of course.That's provided every 3 months STI does, mainly banking. So if your portfolio is 100% banking then even better. Last year STI is negative.

      Delete
  4. Or put it in another way. If sti stays flat till end of the year, its gain wo dividend is 9%. Your gain will be 3%. Is that correct ?

    ReplyDelete
    Replies
    1. No. Mine is portfolio structured for long term performance and low risk. Example I have large segment in SSB, preference shares and bond which I blogged earlier. Also their distributions are not yet ex-div in first 3 months. Many are half year basis, Furthermore this 3 months fresh large fund injection pulling down my returns. Is context.

      Delete
  5. So your portfolio did underperform sti ytd. As you had said, with ur portfolio inc ssb and pref shares, when there is a bull market, your portfolio will be slow to catch up due to these instrument, but it should be more stable when market crashes, due to these instruments as well. Just hope that it will outperform over long term.

    ReplyDelete
    Replies
    1. Yup but not sure is hope because peace of mind is important. Can't afford to screw up as a salaried worker so one must be ok for bad situation. So even if switch to mostly STI index, I will still have ps, bond and ssb. One thing excluded from the portfolio is fixed deposit and cash which will lower even more my XIRR returns.

      Delete