Cory Diary : Equity Allocation 2022-0324

Market continues to be volatile but appears Tesla most pressing task which is Giga Berlin finally is opened for business. Probably thanks to Ukraine War, the need for energy saving car like EV has becomes a priority for Germany. This help to swing the US segment back up significantly as this help protect projected Growth of Tesla beyond 2023 in-addition to Giga Texas. 

Next as mentioned in previous article, finally cleared off the baba stock which is less than 1% of the portfolio at a loss. This close[d a chapter on my excursion with Chinese company. No plan to return near term despite recovering market and this restricted total foreign stock allocation to only 11.2%.

Banking wise managed to increase to 4.9% from 3.3% allocation in Nov'21 ( link ). Want to be careful here due to elevated price of the banks compared to a year ago. Window of opportunity seems to have closed as Fed is getting hawkish on rate increase.

Portfolio improved significantly this week and now less than -1% down YTD. In comparison to STI index basically similar story as in 2021 due to large run-up of the banks. Dividend projection is now $63k in which there are 6.8% war chest available from investment accounts.

This are the key highlights.

Cory

2022-0323

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