Cory Diary : Cory Portfolio Re-balance - aftermath of MNACT sale

Cory Portfolio Re-balance

Mapletree NACT is one of Cory Striker and Dividend producer. One of Cory Core position in the portfolio. However the Black Swan event in Hong Kong provides some jittery to Cory fragile heart. After a black eye, decided to release it for better nights and securing profits. The pain is felt as not only Cory needs to look for growth compensation but also dividend support. At the same time to mitigate the risk.

To cover the gap, four new / add positions are made. Namely,

Sph Reit - Average Dividends Stability
iReit Global - Strong Yield with high level risk. Small position.
Vicom - Average Dividend Stability and Strong Defensive (expanded significantly)
Aims Apac Reit - Good Dividends with slightly higher risk

follow by sale of Sheng Siong. Long time lover who provided 5 years of good returns.

What an exercise ! Thank you Hong Kong ! I will be back when time is ripe.

Further investment is made to further expand existing STI ETF and DBS allocation for longer term investment on lows. This significantly protects the portfolio when dividend stocks slowed down and STI ignited recently.

Lastly, further expanded Ascendas Reit to the right proportion to other Reits lifting the theoretical dividends to $51k for Year 2020 positioning. Yes, is time to prepare. Have you ?


Cory

2019-0914

Cory Diary : Record Profit Diversified Portfolio 2019-0630

As I get older, one key realization I have is about money in relation to other assets class. Moving from stock to cash is just from one asset class to another. From one risk to another. Cash has risks of inflation, low returns and country risk. Nevertheless is not easy for many to move past this point even for myself. 

What this mean is that taking profit is meaningless strictly to dividend investors when fundamental remains unchanged if we are looking for safety harbor and out-of-market. Timing the market is tough. Often we miss big time when we realised or gains. I am still learning therefore prefer to do on stages for some counters.

The market has been on bull for some time. Even sell in MAY and GO AWAY is misguided as the market recovered.  At this point of time, trying to inject huge amount of money into stocks seem lack margin of safety as the low point of Index has passed for this period. Hence, when I decided to max my SSB.

With market in exact halfway point this year, and the largest profit I have seen,  I am still well invested in the market. During this period I did some amount of consolidations to reduce the counters I have to manage. One of the key reduction is Reits/Trusts. As we all know, we have one of the best this year so far. In the report, I have them added as a small dot to show their returns previously before I sold them for review purpose ( see chart ).

Those I have sold namely.

Parkway Life Reit, 
Frasers CPT, 
Frasers L&I TR, 
Mapletree Com Tr and 
Netlink NBN Tr

and again as reflected in the chart with small dots. I did not include First Reit as it was few days trade with slight loss in speculation. I think the only regret is Mapletree Com Tr which blew pass my sell price significantly. Netlink NBN Tr is recent sale so time will tell.

As mentioned before I tend to do some trading and CMT is a little smaller today as I recently took some profit off the table at $2.64. I hope to buy back. Really ..... ... ... Even with that, I still have 40% exposure in Reits. Frankly, is very hard to buy back in this rising market to my dismay. Fortunately, I play with a small percentage of my portfolio and most remains intact to enjoy the ride.

With the higher cash level, I have decided to complement it with SIA Bond and Astrea Bond for a more balance portfolio to buffer it up to 22%. 

Namely,

Frasers Bond 3.65%
CMT Bond 3.08%
SIA bond 3%
AstreaIV Bond 4.35%


Equity investments to me needs to be RISK MANAGED to MY LEVEL. At 19 counters, this is quite manageable for me considering bonds/pref do not need much time to monitor so this leaves me with 15 to watch. At Portfolio size of $1.1 M excluding Gov securities I think is good enough for me right now.



Cory
2019-0630

Cory Diary : Bubble Report 2019-0611

Straits Time Index has come down by 5.5% since my last bubble chart report on 5/2. That's -186 points. So investing in ETF is not that straight forward. Timing helps as previously mentioned. 

With the recent correction, I have increased my stake in STI ETF. With corresponding profit taking in some of my REIT counters, ETF is now the largest counter. This can be easily observed from the bubble size.

Let's do a review of the Bubble Chart.

First the bad news.

1. Unlike past bubble chart, there aren't need t do Axis adjustment to fit higher earning. ( Due to risk adjusted )

2. Banks are still in doldrums .... .  ( Trying to bottom fish )

3. STI ETF has come down due to large swing on the straits time index within a month. ( Average down )

Here's the good news

1. Reits / Trust profits have generally been moving upwards eclipsing STI ETF downward moves. Looks like it has stabilised.

2. Portfolio is generally performing which can be seen for the relatively lower profitability of bonds in the chart.


My Plan as mentioned earlier is to preserve the leading gap of my portfolio. Is working so far. Will continue to monitor. What's next. Something I need to figure out.

Here's the link for those who are interested in the progress of the Bubble chart for this year so far.

Cory
2019-0611

Cory Diary : Bubble 2019-0502 reflecting strong return in the 4 month periods

Current Market is good for Reits/Trust again with low growth and low rates. Interestingly is good for banks too because of increase rates from past year. DBS bank did well and this helps STI largely with UOB and OCBC close behinds. Even Singtel managed to bounce off from lows.

In a continuation of how individual investment return looks like for dividend investors, I think Bubble Chart is best to depicts the absolute P/L against the yield of the stock at current price. For people who is new to the chart, the size of the bubble is the investment value at current price.

Do note the vertical axis P/L is Realized/Unrealized combine. Most of it is unrealised profit as I hold them for long term dividends.

As you can see Ascendas "Sun" continues to be high up there (higher since last blogged) amid slightly smaller investment size for Kiasi me. The other Ascendas-h Tr did well and has left the pack firmly. So did STI ETF.

Most of the counters show increase profits with market uptrend continuing. The only counter that is slightly negative is ShengSiong which I view it as future black-horse which I accumulate recently. Total dividends so far this year is $11,020 with few more yet included ex-div coming soon. Portfolio Xirr hits 11% using 31 Dec'19 as end date annualized. What this mean is that if the market freeze at this current level till year end, my returns will be about 11%.

If we are to back track to my earlier post, STI continues to move ahead 2 weeks after I last blog about Equity Performance on the link here. https://corylogics.blogspot.com/2019/04/cory-diary-equity-performance-2019-0414.html

Done a calculated risk on my thinking from the link and links within since last year Dec'18, and it paid off handsomely with 6 digits reward for this year 4 month returns alone. This should be the best return within such a short period I have even though most are unrealised gains as I hope to have them for retirement cash-flow needs.

Cheers

Cory
2019-0502

Cory Diary : Bubble Chart 2019-0401 No April Fool

The spotlight this month is Ascendas Reit. And is no April Fool if you think I am about to go down that line.

Adjusted the Y-axis of the chart this month not once but twice so that the Ascendas Moon completely stays within the chart, and if you yet realize, is good news. Largest position, it has gone north ( Capital Gains Y-Axis ). Hitting more than 13% portfolio allocation ( Bubble Size ). 

Since there is more talk on this now, maybe new investors need to be wary to be participant in the game now. At 5.5% yield currently, is still a force to be reckon with in term of yield, stability, cost of borrowing and growth. As I mentioned in prior post, I have the size trimmed 25% and now looks more calm though still sizable for a moon. 

There are a few below zero line YTD. Sheng Siong, OCBC and UOB namely. They are my hedge and future. So I am ok with them there for now. 

The other gem I feel could be an impact is Ascendas-h Tr. The yield is good. The income seems getting more stable. However risk wise higher. Is currently pretty high up in the bubble elevation and size. I see some potential but we never know. 

One new comer in the block of bubbles close together is Netlink NBN Tr. This has been long awaited. Maybe is due to 3Fs stake ? However due to risk mitigation I have it reduced by 30% prior to larger rise before him. Well, I still enjoy the 70% ride as I always said. :)

FCT also has a face lift though not as much. I am happy with current size for long term with a buffer. This could provide good dividend support.


Crossed Xirr YTD 8% mark as I publish.


Cheers

Cory

2019-0401

Cory Diary : Royal Flush, Cory Bubbles

Is like a Royal Flush bubble picture. Looks like everyone is above the zero line. Technically the new entrants aren't due to transaction cost. If we look at the chart closely, STI ETF aren't the tallest but in percentage term it does relatively well against my portfolio. 5 of the stocks registered double digits gains. 

Feb is another good month and I do not want to wait for it to end to blog. Dividend stocks driving more profitability. Took the opportunity to buy a little UOB today after Sheng Siong this week. I have been controlling my shooting.... . Mapletree Com Tr is out as it hits my profitability on yield which do not much complement my portfolio now. Realized 6.2% gains from it.

Naturally the bigger bubble has higher absolute profitability and risen the most as in the chart when prices go up. The good news are they have risen further. There are some laggards. HRnetGroup and  OCBC are in so so state. If one is to do a quick look, the drivers are Trust and Reits. Portfolio XIRR 6.2%. I am smiling this month. Hope it lasts !!!


Cory
2019-0222

Cory Diary : Cory Bubble - 2019-0129

With minor tweaking on the axis and with recent market strength, I am too eager to show this.
Yes, my portfolio is bubbling !

One counter missing. ParkwayLife Reit. Sold it yesterday. Cheers.

Cory
2019-0129

Cory Diary : Quick Re-balance 2019-0119

The Portfolio Chart is nicely bubbling upwards. I could see some easing up on the congestion. With the recent run-up of some counters, some actions are done to re-balance to reduce risk and assess dividends.

See LINK here for earlier published bubble chart.

1. Reduced Netlink Tr. : Large part of my holding. I would prefer investment size to be between 5% to 8%.

2. Expanded FCOT : Mid Tier Size - This is longer term haul. Low gearing. Strong history of not issuing rights which is my personal preference. With the recent run-up, able to scope some more when it go lower before result announcement. The DPU result is flat which is neutral. I like to see how Singapore properties perform. Hope they can secure a smallish strong acquisition  to relieve the distribution support from capital gains.

3. Expanded CMT  : Range trading. A large part of my holding. This ship is steady. Looking forward to Funan contribution for future assessment.

4. Reduced Ascendas Reit : Did some range trading. Large part of my holding. What to look for is growth as it went below 6% yield before deciding next move needs.


Cory
2019-0119

Cory Diary : Investment Portfolio 2019-0104

Portfolio

As usual, my Investment Portfolio excludes tracking Pensions, SSB, Treasuries and Fixed Deposits. This setup is slightly higher up in Trusts/Reits allocation of 53%. I foresee waiting for market dips before increasing further. I have also reserved for a few positions for future acquisition in 2019.

There is nothing much to show on the bubble chart other than the yield expectation for start of year. A lot of overlapping. As the year past, this will probably scatter.

With 24 counters, seems I have my plate full. To most people this maybe too much. However I think is necessary for dividend diversification, and compensate for my selection weakness and emotions. Compared to my wife, she only has 2 stocks. One of them gained 4 times in 2 years. She is clearly on different worlds.

In 2019, I hope not to see drastic change in my portfolio.I have the same hope when I started last year. So ....


Cory
2019-0104

Cory Diary : Investment Tracker 2018 - 1209

General Plan

Still in the process of fine-tuning my portfolio for 2019. Like to plan for at least (updated for privacy) dividends and then try to push them higher up during the course of the year if possible.That's mean reserving specific amount of warchest.

I am also trying to minimize any potentials mines through re-balancing of profitable counters and getting my portfolio to be more robust. Once is all done, hopefully I can present my updated counters in later articles.

Cory

2018-1209

Cory Diary : Market Rout

Many investors have a bruising week and so do I. This year is slightly worst because my OCC 5.1% got redeemed which means lesser buffer. The other is my US Stocks though just small percentage, aren't doing so well. Nevertheless as in the past correction since Global Financial Crisis, I don't really worry much.

Just got my Performance Tracker Comparison updated against STI Index. As a reminder, my returns include dividends on top of realised and unrealised returns whereas STI Index exclude dividends. This is more for ease of tracking than anything else.

Enough said. Here's my performance so far this year. YTD -3.8% whereas STI is at - 12.66%.

Interestingly, most of the Reits are doing quite ok despite increasing interest rates. The only larger dips will be First Reit but this more due to sponsor situation. I decided not to average down due to exposure limit control.

The bank has one of largest fall so OCBC and STI ETF got a hit. I mentioned about US stock JD.com earlier and looks like it will be long term hold.

Currently my theoretical max dividend (updated for privacy)  after collecting those I am -3.8%. STI would probably be around -9% after dividends. So comparison wise I have outperform the index. But seriously is just a referencing purposes. My figure would look even better if I am to include FD, SSB and Treasuries but oh ya that's won't count. :)

Trading will go down for the next 2 months due to business/private travels, new apartment and a "new friend" coming that I have to manage and most importantly my Token battery dies out ... How I wish OneKey can support changing battery DIY. I will try to hold my bullets but I have this feeling is time for rebound ... darn...

Is nice to continue to have a job at current market condition. Cheers !

Cory
2018-1028

Cory Diary : Cruising Mode - Portfolio

It has been a month since my last update on portfolio performance. I am excited to report it because it comes a long way of recovery against STI. More like STI dancing around me. Why ?

At this point in time, for STI to catch up there will be few scenarios. One potential is DBS comes backup. With my greater exposure in STI Index plus having WFC, and OCBC. I would be happy it does.

The other is O&G recovery. I have no good feel of this industry. The only buy I would seriously consider is Keppel which is in one of my potential list. 

Thirdly, I screw up. 24 counters currently. Max 10%. Often I am tempted to move pass my own barrier. And there are't any local tech stocks. ops.

Cory

20180806