May 6, 2019

Cory Diary : Ten Laps

Decided to do a "tweets".

Trade talk has just taken a surpise turn for the worst to my dismay. Is now more like two arrogant kids having a face off. It could get worst. One would think two sensible adults will come to a compromise but life is unpredictable.

This has hit my first level warning. Having 11% returns in 4 months period, is like swimming ahead by 10 laps. So for this phase I will do further profit taking. 

Sold half of my Ascendas-h Tr as I have more than 2 years of dividends. The future dividend loss will be felt.

Sold only the amount increased of Mapletree Ind Tr which I have increased before ex-dividend. It was average up previously in anticipation of better market environment and net net after dividends still have slightly more profits. This is more like de-risk levelling move.

Sold SIA. Just few lots. While is gain ytd. Counter level is slight loss. Is non core so is a counter less to manage. I also decided to release one of my US stock at market price with similar story as SIA.


thanks

Cory
20190506

May 3, 2019

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

May 1, 2019

Cory Diary : Trading Attributes ?





I remember vaguely 20 years ago as a fresh graduate trying to dabble in stock market. Days where returns can be 100% returns of my small investment within few months. I would often tried the warrants which are quite popular too. Don't get me wrong. Any monkey would have make a profit throwing darts. Making money was that easy. It was broker days.

Quickly moved on to reading Annual Reports and getting NTA mainly after. My vision scope is the value of the company if to fail as a baseline. And from there to find value. Right from the start in my investment journey, my return started with positive returns. I was searching for mathematical correlation.

Fast forward today. Warrants are now an alien culture to me. I am still in positive net returns amid much stronger net returns. This days I try to simplify my investment. If is too complex to understand, forget about value methodology. Macro deduction will be used instead. Reits and Trusts are much easier to size up. Management Integrity, Future and DPU.

However I still have the gambling blood in me. On and off I will dabble in speculative positions but is relatively small in size. Today I got a few statistics in my finger tips below. Trying to see short term trading still make sense. Maybe is better to spend more time for other activities to keep my blood boiled.


Year 2019 YTD ( Book value at 31 Dec 2018 till now which is 4 months )
(updated for privacy) 

Can't tell much about trading performance so far as is tied to investment capital size. What we can say is that it is almost double current dividends received for the period. Portfolio unrealized return is more than 4 times of Trading P/L. 

Dividends, Trading Profit, Non-Trading Profit are in the Ratio of 1:2:8 respectively.  Expense Ratio : 0.19% . 35 trades for the 4 months period. 

Looks like better in dividend investing and spotting undervalue stocks through it. Does that means trading performance is bad ? Portfolio Yield is 10%. STI would be slightly better.

You tell me how to read the above data to deduce. Free money certainly.


Cheers

Cory
2019-0501