Cory Diary : 5 min walk

Walked on the pavement I think a hundred times. Never gives much thought to it. It just a walkway. Not sure why I feel a sense of serenity walking back from 7-11 store that day. Just got a latte cafe for my wife after my rather regular break in the cafe corner station playing my new mobile game sipping a cup of hot latte. Sorry Star buck I don't have to be elite to enjoy the same. And yes, I have my free time.

Clean road, quiet street, breezing winds, lined tress and a 19C temperature. What a nice short walk indeed. Holding a hot cafe late. Life is surreal. Maybe this is what we called getting used to entitlement that we forgot we are in it for the past 100 times. Good life has becomes a new norm. On the other side, rustic uneven roads but same environment. Maybe life is how we make it to be.

Can we say the same to stock market that continuous rising market, if you have yet notice has been going on for the past 10 years. A generation of wealth happening. Are we entitled to it or there is a lot of work behind it to make it so for the economy ? 

Still not happy that this market is not moving up fast enough for you, this lady below says, suck it up.... Things don't happen by chance when comes to nation building. Just have to ask her mum about it. Lucks help but we need to be part of the change.

Cory
2019-0404

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 : Q1 2019 Portfolio Review

Time for Q1 2019 review. STI ETF YTD registered XIRR 5% gain including dividend, annualized. And it is now my largest counter of almost 10% without a need for me to put an extra dime into which I will blog later. Reits and Trusts have another good run for the last month of the quarter too. As they are about 50% of my portfolio, I have benefited from it largely. The best performer for local stock is Ascendas Reit registering 16% returns YTD.

Ascendas Reit was my largest prior to end of Q1. After discussing with friends over in IN, I decided to take 25% profit yesterday at $2.92 (Ascendas Reit). I can feel the pain from the dividend loss but the mind tells me I need to take step in securing my profits as this is near 3 years of dividends. I could be wrong and still has 75% to enjoy the ride. Either side I win, just lesser. :)

Do note that in a Winning market, is getting harder to maintain dividends as yield drops with increasing market if we sell and try to buy again. This logic is important to understand.

As above chart comparison using Strait times index as comparison which performance is replicated STI ETF as well, Cory Portfolio has over taken Strait times Index for the Q1 period. This comes from STI ETF, Reits/Trusts and US stocks maintaining the rebound level. The banks and Telco are mute and laggard in my portfolio but I am ok with them. Again the chart shows the resilient path I took to secure my returns with a rather conservative portfolio.

As I mentioned in my earlier article on 10th Mar'19 link , Life is about Choices. If one has sold, we are out of market and will be hard to come back again today just on expenses alone. My portfolio expense ratio has come down to 0.13%. It will take deeper correction for one to return if we have sold. However Reits/Trusts give easily 5% returns annually. A few year outside the market we would have created our own "financial crisis".

There are a lot of risk in the market. And personally I feel risk is underrated on each stock. But not vested in market is a much larger risk. We just have to make more right choices than bad.


Cheers

Cory
2019-0330