$$$ KPO and CZM $$$

Monday, September 20, 2021

Endowus - August 2021

Endowus created a CPF Calculator to help with retirement planning and I felt that was pretty cool. Definitely much nicer than my own spreadsheet. lol. Feel free to give it a try. 

Risk Profile
Goal type: General wealth accumulation
Risk tolerance: Maximise returns (loss tolerance -60%)
Monthly investment using SRS: $638


I have modified my monthly investment in order to max out my SRS contribution for the year.

Account Summary


Capital: $26,254.00 (SRS $16,254 and CPF $10,000.00)
Current: $31,198.92 (26.74%)

There are quite a few differences as compared to StashAway. Firstly, all the cash has been invested while StashAway keeps 1% of the portfolio in cash. Secondly, the fees are not deducted on a monthly basis. The Access Fee charged by Endowus will be deducted at the end of each quarter as stated in their FAQ.

As of 19 September 2021, the portfolio value is $30,948.96. The return shown in percentage is just a simple return (P&L divided by capital) including the $10k investment from CPF OA.


It will be clearer/more accurate if we look at the respective portfolio.



I blogged about using Fund Smart to invest my CPF here. On a side note, Endowus is performing much better as compared with StashAway given that both portfolios had the same capital/deposit and started around the same time (StashAway had a few months of headstart).


Asset Allocation


This shows that the number of shares for each fund that I owned:
CPF
- LionGlobal Infinity US 500 Stock Index Fund (4,017.6700)
SRS
- Dimensional Global Core Equity Fund (237.9450)
- LionGlobal Infinity US 500 Stock Index Fund (2,748.2300)
- Dimensional Emerging Markets Large Cap Core Equity Fund (104.0960)
- Dimensional Pacific Basin Small Companies Fund (95.4100)

Transactions


That's all! Overall, I think the statement is pretty straightforward and easy to read. On a side note, StocksCafe does not has the ability to track funds, hence unable to do any form of comparison/benchmark.

If you are interested in Endowus, do use our referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too! 

You might be interested in the previous monthly update too:
Endowus - December 2020 - $12,466.20
Endowus - January 2021 - $13,080.35
Endowus - February 2021 - $13,549.30
Endowus - March 2021 - $15,484.29
Endowus - April 2021 - $16,570.37
Endowus - May 2021 - $17,325.44
Endowus - June 2021 - $28,840.67
Endowus - July 2021 - $30,013.78
- Endowus - August 2021 - $31,198.92 

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Saturday, September 4, 2021

Portfolio - August 2021

August has been a busy month. I spent quite some time cleaning up our portfolio and moving funds here and there with the intention to purchase more LUNA before the Columbus-5 mainnet upgrade. One of the big moves was to close our StashAway cash portfolio which I blogged here - Bye Bye StashAway! The others were exiting most/all of my farms in BSC, Polygon, Fantom and Avalanche and moving the money into Terra. You will be able to see the huge difference if you compare this month pie chart (below) with last month update.


We also had our first parent-teacher meeting over zoom. The teachers prepared 20+ slides on how Baby Ong is doing in the infant care which we thought was very cute and lots of effort.


Anyway, our portfolio reaches another new high! It increased by 14.42% to $1,179,579 - $84,491.51 of capital injection and $64,181.94 of capital gain. This includes $202,372 of leverage/debt (gearing/debt ~20.71%).


If you prefer to look at numbers, this is the raw data used to generate the above bar graph. These numbers are as of the last day of the month.


"Cash Flow" is the amount of money being injected/withdrawn from the portfolio (buying stocks = +ve cash flow while selling stocks and collecting dividends = -ve cash flow)

SOLD
- IREIT Global (500 units) @ $0.64


Decided to sell it for a small profit and clean up the portfolio. I bought it in the first place to conduct an experiment to see if there is any way to profit from the right issues by oversubscribing to it. Unfortunately, it is not really worth the effort.


I bought 100 shares which came with 45 rights, bought another 55 rights to make it 1 lot and oversubscribed the rights issues by another 9,900 shares. I was only allocated 300 more shares (~3% allocation).

BOUGHT
- Tencent (100 units) @ HK$429.00
- Ping An (500 units) @ HK$69.10
- China Construction Bank (2,000 units) @ HK$5.64
- Ascott Trust (5,000 units) @ $1.01
- DBS (300 units) @ $31.00
- OCBC (600 units) @ $12.37
- Mapletree NAC Trust (5,000 units) @ $1.01
- Mapletree Commercial Trust (5,500 units) @ $2.11
- Keppel REIT (20,000 units) @ $1.09
- Suntec REIT (15,000 units) @ $1.45

Most of the purchases were from using leverage. I used the money from closing our StashAway cash portfolio to repay our USD loan/leverage. As a result, I get access to more SGD which I then borrow to buy more REITs, pledge and repeat to get access to even more capital.

Anyway, the idea of using leverage is simple, borrow the money, buy a good/excellent REIT/stock, use the dividends to pay the interests, and keep the difference while ensuring that we will never get a margin call/trigger. Once again, leverage has its risk and is definitely not for everyone. We see it as our way of buying a second property without incurring any of those taxes (ABSD, rental income tax, etc.). You can take a look at this - Leverage Performance 2020.

Given that it is a brand new year, I have adjusted my SRS contribution to $1,276 per month with the intention of maxing it by year-end. We have also decided to open another StashAway portfolio for Baby Ong. You can read about Our Insurance and Investment Plan for Baby Ong.

Our Monthly DCA for June - $1,376
$100 Cash for Baby Ong - StashAway Risk Index 36%
$638  KPO's SRS - StashAway Risk Index 36%
$638 KPO's SRS - Endowus Loss Tolerance -60%

Dividends
The total dividends collected this month is $4,016.60The breakdown is as follows:

Company                                            PayDate Shares Total
Parkway Life REIT                              31-Aug-21 5,000 $169.00
Wilmar International Ltd                      27-Aug-21 1,000 $100.00
CDL Hospitality Trusts                     27-Aug-21 4,800 $58.56
Ascott Residence Trust                     27-Aug-21 25,913 $529.92
Suntec REIT                                     27-Aug-21 11,000 $231.99
IREIT Global                                     27-Aug-21 500         $11.45
OCBC Ltd                                     26-Aug-21 1,519 $379.75
DBS Group Holdings Ltd                    26-Aug-21 1200 $396.00
SPDR Strait Times Index             25-Aug-21 26,000 $1,118.00
Frasers L&C Trust                             24-Aug-21 24,297 $318.28
Singapore Telecommunications Ltd   18-Aug-21 4,000 $96.00
China Construction Bank Corp     5-Aug-21 10,000 HK$3,517.52 (~S$607.65)

Total dividends collected for 2021: $19,299.74
Average dividends per month for 2021: $2,412.46

StashAway

KPO

CZM

Capital: $22,954.00
Current: $‭‭‭‭25,618.83

If you are interested in StashAway, do use our referral link. You get $10,000 free management fees for 6 months and we will get $16!

If you want to extract those transactions information from StashAway, do take a look at this article - StashAway Transactions Parser.

Endowus


Capital: $26,252.00
Current: $31,258.53

I decided to invest my CPF OA last month and blog about it here - Investing CPF OA Through Endowus.

If you are interested in Endowus, do use our referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too! This access fee has no expiry date.

Crypto
Tracking crypto investment becomes very painful when the number of coins increases as well as when I move across to different networks. Hence, to simplify the tracking, I will just be tracking the capital I put in vs the current value at the end of the month.


I exited FTM and BSC at a loss and Polygon and Avalanche at a profit. Huge profit from Avalanche from SG$500 to SG$3.6k. I bought PERI around 30 cents and sold at $2 when an incentive program was launched in Avalanche. If only I put SG$5k in like all the other networks... lol. Personally, I found transferring fund to Avalanche too troublesome where one still have to bridge between the X and C chain and that stopped me from transferring more money into the network.

On a side note, there are still some residue funds left in BSC (~US$600) and Polygon (~US$1k on Adamant and QiDao) which are "staked/locked". I have also sold off all my ADA (Cardano) and BTC to buy more LUNA. Cardano on paper/in theory looks good but once you dive into DeFi, you will start to wonder how it deserves the current valuation without any smart contract functionality. I sold BTC because I can probably 2 or 3x the money while LUNA has a lot more upside. In addition, with the huge profit from ADA, I bought some RUNE and kept the rest to margin trade which I will be buying and taking profit on LUNA.


Capital: SG$130,240.05 + US$3,125.22 (leverage) ~ SG$134,434.56
Current: SG$‭‭‭221,793.30 + US$3,125.22 (leverage) ~ SG$225,987.81


If you prefer a pie chart. 

Crypto - Binance



Sold off all my ADA, ~US$4k went to LUNA, ~US$4k went to RUNE and US2k went into margin trading on LUNA and RUNE to take short term profit.

Crypto - CakeDeFi


Sitting on a 50% profit with the majority of my DFI in the freezer until Dec. The initial plan was to try this for a year but have decided to move the fund here to Terra/LUNA once the DFI are out of the freezer because I have more faith in that performing well. In my opinion, CakeDeFi is still a good starting place for someone that is planning to try out DeFi/getting high yields in crypto without worrying about any rug and exploit.

CakeDeFi - Deposits US$50 or more into your CakeDeFi account, you will earn US$30 in DFI and we will earn US$10 in DFI too.

Crypto DeFi - Terra


I blogged about it previously - DeFi - Terra (LUNA & UST) & Anchor Protocol (20% Interest) and DeFi - Terra Mirror Protocol Delta-Neutral Strategies. I have moved most of my money to Terra including CZM's initial investment because this is my high conviction crypto pick. lol. In my opinion, LUNA can easily go to 3 digits because it is based on the demand for UST which will only increase as time goes by where more projects are launched, UST going cross chains, and getting listed on more exchanges. We have about 3.5k LUNA with 57% of them staked, 20% as bLUNA, 16% in LUNA-bLUNA LP and 7% in slow burn. The target is to accumulate 4k LUNA before the next mainnet upgrade which fortunately has been delayed. For a more detailed breakdown, you can refer to our Terra portfolio on Ape Board below.

My Terra Address:

Anyway, I have blogged about different ways to leverage crypto to build wealth for people with different risk appetites:

If you are interested in the platform I am using, do sign up using our referral links for some bonus :)
BlockFi: Deposits US$100 or more into your BlockFi Interest Account (BIA), you will earn US$10 in BTC and we will earn US$10 in BTC too.
Celsius Network: Earn US$50 in BTC with your first transfer of US$400 or more and we will earn US$50 in BTC too.
CakeDeFi - Deposits US$50 or more into your CakeDeFi account, you will earn US$30 in DFI and we will earn US$10 in DFI too.
Gemini: We will both receive US$10 of bitcoin after you buy or sell US$100.
Crypto.com: Sign up using our link, stake SG$500 worth of CRO and we both get US$25 in CRO

If you are interested in the smart portfolio tracker (StocksCafe) which I am using as shown above, sign up using my link for a longer trial period :) Refer to our Referrals page for more information.

You might be interested in these blog posts too:
2020 Net Worth
Portfolio - March 2021 - $866,309 
Portfolio - April 2021 - $946,521 $935,646
Portfolio - May 2021 - $952,839
Portfolio - June 2021 - $988,215
- Portfolio - August 2021 - $1,179,579

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Sunday, August 29, 2021

Bye Bye StashAway!

We have decided to withdraw and stop the monthly investment for one of our StashAway portfolios (Cash - StashAway Risk Index 22%)  for the following reasons:
- Better yield/return in crypto
- Get access to more leverage

I think once one is exposed to DeFi, it will be very difficult to go back to buying stocks or options because the yield/return are simply much higher. Of course, so is the risk but who says stocks can't go to zero? I have a couple - Eagle Hospitality Trust and Ezion (I got out of this immediately after it was suspended for about a year with a 64% capital loss before it got suspended again). 

In my opinion, crypto is here to stay and this is evident in the stance/actions the banks/companies are taking. Just to share a few:

Anyway, I can get access to a USD savings account equivalent with 20% interest through Anchor Protocol or 30-50% yield using delta-neutral strategies through Mirror Protocol. Not forgetting the capital gain (currently close to 100% and I am expecting more upside) from my LUNA stash too.

The other reason is very similar to why I stop investing through Syfe too which I blogged about here - Bye Bye Syfe! The invested money isn't working hard enough because I lose the ability to leverage using them. For every 10k invested and pledged as collateral in SCB, I will get access to another 7k to leverage assuming LTV of 70%.

I will not be so extreme (I might be if I am not married/have a baby. lol) and start selling all the stocks and move them to crypto but going forward, I will be putting most of my money into crypto (specifically just Terra) and the plan is to utilize leverage or let CZM buy stocks. Having said that, I will continue use StashAway for my SRS and Baby Ong's investment.

Alright. Let's take a look at the withdrawal process!


Start by selecting the portfolio you would like to withdraw.


Next, select a reason for withdrawal. I selected "not satisfied with the returns". lol.


Select the type of withdrawal.


StashAway trying very hard to change my mind by stating how I could potentially be missing out on a million dollar portfolio over the next 30 years! I believe our next million is going to come from crypto in the next 5 years instead of 30 years so yes, I still want to withdraw.


Click on "Full Withdrawal" and select the bank account you would like to withdraw to. In my opinion, StashAway should allow withdrawal in USD too given that they are accepting USD deposit. To be honest, I was quite annoyed by this because my plan was to use the USD here to repay my SCB USD loan and now I got to convert it twice. USD --(StashAway)--> SGD --(SCB)--> USD


Last confirmation as well as some disclaimer that the final withdrawal amount might be different from what's shown as well as the closure of the portfolio.


The good thing was the withdrawal took only 1 business day. I initiated the withdrawal on 24th August and I see the fund in my bank account on the 25th August.


I guessed I got lucky when the underlying assets were sold at a higher price and I was able to receive a higher than expected withdrawal amount.


I was annoyed (again) when I realized I could no longer access the transactions for the portfolio that was closed which definitely should not be the case. Hence, I had no visibility on how much the underlying ETFs were sold for (unable to update StocksCafe) and what was the FX conversion rate. In my opinion, the withdrawal process and closure of account has room for improvement! But then again, why do they care given that the customer is leaving right? lol. Considering we still cannot export transactions after 3 years...


I had to reach out to support to get those transactions exported before I could update StocksCafe. To be honest, XIRR of 9.59% is still quite decent. If crypto is not your cup of tea and you are not familiar with stocks, robo will be your next best alternative as compared to savings/insurance products.


If you are curious which are the best performing ETFs across the years, you can get a rough idea above which is a summary of the closed transactions. Those with more than 1 transaction means it has gone through re-optimization.


A more detailed breakdown of when the sell/closed transactions happened and the realized P&L. Given that this is my first withdrawal after 3/4 years, that means none of the above sell transactions was triggered by me and it seems like there is at least 1 re-optimization each year (usually at a profit).

Anyway, if you are interested in signing up for StashAway, do use our referral link - KPO and CZM Referral Link. You will get $10,000 free management fees for 6 months and we will get $16!

If you want to extract those transactions information from StashAway, do take a look at this article - StashAway Transactions Parser.

If you are interested in the smart portfolio tracker (StocksCafe) which I am using as shown above, sign up using my link for a longer trial period :) Refer to our Referrals page for more information.

On a side note, Futu's moomoo app sign-up promotion is now slightly different (Pfizer and Haidilao shares are given with deposit and 3 trades each on US and HK markets. T&C here) and has been extended to 19:59 hrs SGT, 31st August 2021! As part of the collaboration, I will be giving away 5 moomoo 'neck-fix and chill' pillow (not for sale but can be redeemed in the app) to 5 randomly chosen readers who signed up through our referral link for this month! More information can be found here - Futu's moomoo August Campaign + Merchandise Giveaway!

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)