Cory Diary : Net Worth - Fighting Mode

Generally Year 2020 has been quite trying for people who try to increase their net worth. 

I would expect many people pay reduced, on unpaid leave, retrenched, mute property and likely poor equity investment returns, 

This is particularly true for me because we have added expenses for additional member in the team. In Year 2019 I have estimated at least 140K expense which includes Home Loan that is well supported by investment returns.

For Year 2020 I don't think we deviate much expense wise however I am glad that she has chip in to help support baby clothing, shoes, Nappies, Toys, books, baby powders and food supplies. Dual income is so cool in bad times.

Here's the Net Worth chart. I won't go through the details.

Looks like the expense has not damaged the lines and able to hold-off so far. Rumor has it that we may not have increment and bonus this year so if that's the case we won't see a slight spike later on. Frankly speaking 2nd half could see better market condition.

There are a few new expenses this year.

The hot weather did add one addiction which is ice dessert. And I am getting a kick out of it recently. Hopefully this aren't permanent .... ... ... before the sweetness get my health.

$2 Serving

Have been using hotspot for a long time. With WFH in great play this year, Home Internet connection will be better serve but nevertheless an added expense.

Cory

2020-0822

Cory Diary : Aug Performance '20

Is already Mid-Aug and I was pondering whether to do a performance tracker update. The reason I did not do one early part of the month because I knew the coming price adjustment with Accordia Golf Trust and I am also in the process of mitigating the dividend income loss from the Golf Course sales. So with the news more or less definite near term and coming up with a plan on driving returns the chart may returns.

As below Chart, the gap widens to 19.1% against STI Index. I think one partial reason is due to ETF dividend just distributed. Cory returns -1%. Theoretical fund annual dividend has come down to 59k Covid returns.

Chart : Returns Comparison

As the yield gets lower with recovering market, new fund injection has to work much harder for the same dollar amount. However I need to compensate the dividend loss from AGT, and that's easier said than done. For one I try to avoid USD denominated counters as I find it a hassle which Reits are driving higher yields. Then I have enough banks exposures so any increase will be over allocation percentage. I also have same issue with increasing my stake in CMT.

There are few things I could do now.

1.    Increase my fund injection to drive higher dividends

2.    Re-balance my STI Index ETF to something else of higher yield.

3.    Not renew my Fixed Deposits that expired

4.    Reduce my cash holdings

5.    Exchange my foreign fixed deposits to local currency

I hope to do all above partially in measured ways.

Cory

2020-0818

Cory Diary : Trillions Dollars Printing - So What ?

Have we ever wonder why we don't see Zimbabwe 2.0 happening in America after Trillions Dollars printing ? Is another few Trillions going to matter ?

I think all below factors and which reinforce each other.

• Demand and Supply
• Export / Import - Trade
• Goods and Services
• Property and Financial Investments
• Saving and CPI Index
• Trade, Military and Infrastructure investments
• Confidence

Using myself as an example. I still earn my keep, invest my money, pay my loans, continue to save, do my banking and shop in super markets. All this are happening all over the country.

If I feel money is going to be worth much much less tomorrow, where there aren't much goods in the super market, people doing bank runs, hardly any economic activities, companies are emptying out, then I worry .....

What should I hold on ? Property, Gold, USD ?, Shares ? , .... 

For now, even if we add another 100k or another Million into my asset, my spending pattern not going to change much. Is either saved or put into work. So how to drive hyperinflation ?

Cory

2020-0817