Dec 25, 2021

Cory Diary : Investment Allocation updates

One more week before the year ended. Tracking my portfolio closer and re-visit my thoughts. This is the year where the banks strong stock price totally skewed the STI market returns. There is hardly any profitability on the Reits segments. People who tried the Chinese/HK market is likely badly hit by the Chinese regulatory controls which still in hyperdrive. As for the US side, people who invested in non-profitable growth stocks also seen major correction. In the Covid era, people who invested in glove stocks saw their profit vaporized ironically. What's remaining probably Crypto space and within not all make it.

As previously mentioned for the US market I have consolidated my position just to TSLA earlier in anticipation of the growth stock correction. I still view bullishness on the company but need not necessary the price which reflecting in too many factors in play. Size wise I thought I have enough now but is never enough. Few other companies that I would consider returning when opportunity arises are AMD, MSFT and HPQ. NVIDA and FB are out after Elon Musk comment on Metaverse. This sounds like I am getting deeper into "Elon Musk Craze". He is on last tranche of his stock option exercise and probably sale and despite 10% sold, Tesla Stock price hold well with the dilution and sales. We can imagine what could happen to the stock when Dec Shipment data and Jan Q4 results are out if market view it favorably. The US Market return this year well supported the Portfolio returns disproportionately to their size. Currently most ardent fan will see even more upside on Tesla. Not to be surprise Tesla may end up as top position in my portfolio. The current worst case "Technical Resistance" is around US$900 per share that I can think of. This week closing price is US$1067. I still can add 30 more shares without impact to my profitability if the worst case happens. I already got approval to get another 10 shares first. haha.

For China aspect, there is no clear indication of turnaround of corporates bashing. In-addition Covid zero policy will put a lid on overall spending. Similar to US, I have narrowed to a single stock which in China case is Alibaba though for different reason. Allocation in the Chinese share is now only 1%. Why I did not hold out on Tencent is similar reason to HST that I hardly lose out much from the sales. Whether I will return in larger allocation is how CCP play out long term as clearly they affects company profitability. Nevertheless I have retained HK$ for future adventure if any. Thinking aback,  it could be quite silly to do any investment there currently unless we are master in investing of stock pick in current environment. The opportunity cost in holding Alibaba is already high with almost 48% loss on the small allocation counter, and now retaining HK$ in the same market for same macro factor. So don't be surprise  switch the currency out in days.

The majority of the portfolio is still Reits driving significant amount of dividends for Year 2022. Reit in my portfolio is flat including dividends for this year. Roughly 1% return only. The counter balance will be the bank wrt to Tapering & possibly Interest Rate though is still too early to say, and which also provide relatively good dividends. So far Bank provides the largest capital gain ytd.  I driving most of the local market gains for the portfolio. In-addition, Sheng Siong, VICOM and Netlink BNB Tr are defensive team which can be a business cost to reduce volatility.

Equity Only

Current investment cash 9%
Portfolio Returns YTD 9.7%
Portfolio Yield 4.8%
Expense Ratio 0.52%

In respect to the negative environments, the portfolio is still working well for a week to go. ( touchwood ). Feeling Balance but I still can do some tweaks on US market, if any.

Merry Christmas and Happy New Year


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Articles in this Blog is personal take and sharing purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.

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