Cash / SRS Portfolio
Performance Indicators / Dividends
- YTD Time weighted return: -17.86%
- XIRR since portfolio inception in 2013: 15.95%
- Dividends collected: SGD 2,142.34
- Tencent – HKD 1.2
- OCBC – SGD 476
- Capitaland Mall Trust – SGD 32.30
My portfolio staged a comeback in April as I deployed cash aggressively into the selloff on the back of the Covid-19 Temporary Measures Bill passage through Parliament.
Overall portfolio value surged to $287,780 through a combination of capital gains of about $30k and capital injections of $79k. This brings my portfolio to a all time high, although this is largely due to capital injections. At this point, I’ve almost recovered my losses for the year and will look to build on it for the rest of the year.
Firing my proton cannon
This month was marked by many buy transactions as I bought a bunch of blue chip REITs into the selloff in early April. Purchases include Ascendas India Trust, Frasers Centrepoint Trust, Mapletree Commercial Trust, Lendlease REIT, Keppel Pacific Oak US REIT and OCBC. I also did a short term trade on ESR-REIT that unexpectedly yielded quick profits.
Although I expected the indices to retest its lows (which didn’t happen), the selloff induced by the Covid-19 Temporary Measures Bill brought some great value to certain blue chip retail REITs among others. It was just too juicy to ignore.
My Game Plan going forward
At this point, I’m roughly 80% into the market with about 20% in USD stablecoins (pseudo-cash). Refer to my BlockFi review if you want to understand what I’m talking about and learn how you can earn 8.6% interest on your USD. I’ve also undrawn credit facilities that I can consider if I want to perform leverage purchases.
As such, my game plan is quite simple. I’ll ride the recovery wave for as long as I can. I’m under no illusion that economic fundamentals are horrible worldwide and that may come home to roost sometime in the rest of the year. If that come to pass and the market tanks, I’ll repatriate my USD stablecoins to deploy into the market.
If not, I’ll be happy to ride the markets back up and earn high interest on my USD stablecoins in the meantime.
As usual, this is not a call to buy or sell securities and its just sharing my own thought process for your information. Please do your own due diligence.
Endowus CPF OA Portfolio
As you may know, I’ve started investing my CPF OA funds with Endowus. As such, I will present my portfolio performance going forward for those interested to know more.
I started with initial $5,000 investment with recurring monthly top ups. This month, I performed a 1 time $10k top up to take advantage of the market sell off to buy more. I also reduced my monthly top up to $1,000 going forward as I’ve already substantially deployed my spare CPF liquidity.
Fund swap into Infinity Global Equity Fund
Last week, Endowus upgraded the CPF portfolio by swapping out Harris Associates Global Equity Fund to the Lion Global Infinity Global Equity Fund. I’ve penned by thoughts on the change and why I’m switching in case you missed it.
Finishing my 2nd semester
Other than work commitments, I’ve been focusing on my masters programme. As such, I got to experience some stay-at-home e-learning and even took an e-exam from home for this semester. Looking back at the experience, I feel like I learned more than I did in my previous semester as a combination of subpar teaching and not-that-great e-learning infrastructure forced me to do more self-study. As such, I actually feel a greater sense of accomplishment this semester.
I can only imagine the nightmare parents have experienced so far with the Home-based Learning system MOE has rolled out for all students.
As usual, to the 4 and 7 people who subscribed to my blog and liked my Facebook page respectively since my last portfolio update, welcome. Feel free to reach out via email or Facebook. I’m usually quite responsive as readers can attest to. Hope that you have found my blog content useful 🙂
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