Cory Diary : Trades - 2019-0920

First time staying late like 30 mins (2.30 am) to watch FED Announcement this week and learned something called a dot plot. Find it interesting but don't call me a dinosaur as I learned that it is getting less relevant today.

The market is very big with different interest groups. Personally to me is the required right step to meet broader market expectation and do a cut though how market perceive them later is another matter. A hike would certainly put the market to a major downward spin. A neutral will be bad on trade front as everyone is cutting rates. This lead to a few trades thereafter.

One of them is Wells Fargo & Co (WFC). With the increasing Banks allocation in SGX market, I see not much value now to have WFC with much lower dividends. One counter reduced. Glad to receive in strong USD term. However, net-net is neutral so is a year plus of opportunity cost though I wouldn't say is wasted as is a hedge against my local dividend counters.

This week we have good news on DC acquisitions by Mapletree Industrial Trust (MINT). The terms look good and rewarded with almost 7% up. That's a far cry from Keppel DC Reit acquisition though but I am glad to get 2nd prize as MINT is one of my  key position. Did some trades to take some capital profit off the table while still 60% vested as I believe now there is possible room for growth vs Ascendas Reit. To-date MINT has floated about Ascendas Reit in my Bubble Chart though smaller in size. Here's the previously reported chart.

To boost my dividends, Ascendas Reit has been increased from recent lows. Pretty happy about it. This filled my dividend gaps nicely but just as I did, MINT opened another due above. With much investment cash still available, I will probably be prudent this time to prepare for year end and be more conservative. One action I did is to increase my bond holding a little bit more.

Lastly, thanks to recent upswing in Reits again and... the idea of ever lowering yield in the market seems to take a stronger root. Cory Portfolio hit a high in profit with Xirr reaching 18% of range last seen in 5th July. However, this time is different because we are leaving STI quite far behind due to Bank components. Almost want to do a further average down on Banks but froze.


Cheers

Cory

2019-0920

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 : Asset Allocation Review 2019-0913

The Asset grows about 1.6% from a month ago. Last reviewed asset allocation - here. This is an update with recent changes. Incorporated some feedback from fellow investors and did some adjustments. Now my Asset is a more effective team ! 

Saving segment % wise has come down despite moving dividends to it.

Equity seen larger percentage increases due to growing portfolio from returns and some cash injection. MMF no longer grouped here.

Fixed Deposits increased markedly from more placements and with MMF addition as it is earning reasonable returns. 

Cory

2019-0913