$$$ KPO and CZM $$$

Monday, July 19, 2021

Endowus - June 2021

With the increase in COVID cases once again, it seems we will go back to having stricter measures again. On the bright side, there might be opportunities to accumulate more REITs given that we are unlikely to go back to the CB phase with almost half the population fully vaccinated. We have both taken our first dose and will be getting our second dose next month. Have you taken them?


Sharing another cute photo of Baby Ong where she was taught the different weather in the infant care. Can you spot her? Based on the baby growth chart, her height is at the 10% percentile and is pretty obvious from her class. She's the smallest in size (bottom right yellow chair).

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: $24,978.00 (SRS $14,978.00 and CPF $10,000.00)
Current: $28,840.67 (27.53%)

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 18 July 2021, the portfolio value is $29,220.38. The return shown in percentage is just a simple return (P&L divided by capital) and with the $10k investment from CPF OA, it dropped significantly compared to the previous month.


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



Anyway, Endowus is still performing better as compared with StashAway given that both portfolios had the same capital/deposit.


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 (224.1120)
- LionGlobal Infinity US 500 Stock Index Fund (2,652.3200)
- Dimensional Emerging Markets Large Cap Core Equity Fund (90.2810)
- Dimensional Pacific Basin Small Companies Fund (87.1820)

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! 

On a side note, Futu's moomoo app has made their sign-up bonus even more attractive (one free Apple share + one free Nio share with 5 trades + other benefits) and it has been extended to 2nd August 2021! Take a look at the latest benefits here.

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

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.)

Thursday, July 15, 2021

StashAway - June 2021

Quick update on crypto. I have moved most of my funds out of Polygon to Terra and I am one of the #LUNAtics now. lol. Shall blog about it separately so that I will not bore the readers that are not interested in crypto. Once in a while, the teachers will send us photos of what Baby Ong is doing in the infant care. This semester she is learning the different kinds of pets and this is exceptionally cute because she is smaller than the plush toy cat.


Investment for this month:
KPO and CZM Cash - StashAway Risk Index 22% - $1,500
Baby Ong Cash - StashAway Risk Index 36% - $100
KPO SRS - StashAway Risk Index 36% - $638

Total: $2,238

1. PORTFOLIO SUMMARY (as of the last day of the month)

KPO

CZM

Based on the statement (30 June 2021), our total investment is ‭$73,133.14! KPO gains $687.30 and CZM gains $66.72 for the month.

As of 14 July 2021, these are our portfolio performances:


KPO and CZM Cash - StashAway Risk Index 22%: $‭48,455.43 (44.80% - Capital: $39,000)


Baby Ong Cash - StashAway Risk Index 36%: $498.99 (-2.91% - Capital: $500)


KPO SRS - StashAway Risk Index 36%: $17,648.43 (45.71% - Capital: $14,978)


CZM SRS - StashAway Risk Index 22%: $6,613.61  (26.98% - Capital: $6,000)

2. PORTFOLIO DETAILS 
Note that these are reported in USD.

KPO and CZM Cash - StashAway Risk Index 22%

Baby Ong Cash - StashAway Risk Index 36%

KPO SRS - StashAway Risk Index 36%

CZM SRS - StashAway Risk Index 22%

On a side note, we stopped contributing to CZM SRS portfolio early this year because she has the very powerful Working Mother’s Child Relief and the portfolio has been "self-sustaining" where the dividends are more than sufficient to pay off the management fees.


3. FEE CALCULATIONS


The fee stated is based on the monthly-average assets SGD ($25,000.00 x 0.8% + $25,000.00 x 0.7% + $14,240.91 x 0.6%) / 365 days * 30 days = $37.84.


The fee stated is based on the monthly-average assets SGD $6,523.71 x 0.8% / 365 days * 30 days = $4.29. 

StocksCafe


Evan (founder of StocksCafe) made an improvement where one can now benchmark their portfolio against multiple indexes/ETFs. Looking at the time-weighted return (6.09%) for the year 2021, we can see that StashAway Risk Index 22% is underperforming all of our benchmarks.

If we compare across the years, StashAway's portfolio is winning by a huge margin (45.39%) against STI but lost to SPY (80.65%) and IWDA (67.82%). In addition, it has the lowest volatility and max drawdown. This is what StashAway meant by reducing risk and maximizing the return. 

The annualized return/XIRR of the portfolio is very impressive too at 12.28%. Using the Rule of 72 means that the StashAway portfolio will double our money in 72 / 12.28 ~ 5.86 years. In comparison, the same money if left in the bank account at a 2% interest rate will take 72 / 2 ~ 36 years to double.


As for StashAway Risk Index 36%, the portfolio currently has a higher time-weighted return (46.13%) when compared against all the indexes (STI, SPY, and IWDA) but it is also clear that it is riskier in the sense that both its volatility/max drawdown are much higher when you compare against the benchmark and StashAway Risk Index 22% portfolio. The XIRR is 17.64%. Using the same rule, our money will double in 72 / 17.64 ~ 4.08 years.

Which is the best? Only time will tell :)

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 has made their sign-up bonus even more attractive (one free Apple share + one free Nio share with 5 trades + other benefits) and it has been extended to 2nd August 2021! Take a look at the latest benefits here.

You might be interested in previous months update too:
StashAway - December 2020 - $56,721.26
StashAway - January 2021 - $59,991.38
StashAway - February 2021 - $61,608.72
StashAway - March 2021 - $64,759.72
StashAway - April 2021 - $67,210.58
StashAway - May 2021 - $70,178.91
- StashAway - June 2021 - $73,133.14

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.)

Monday, July 5, 2021

Portfolio - June 2021

June has been pretty eventful. We went on a Shangri-La Garden Wing Staycation With Baby Ong and I decided not to procrastinate any further by Investing my CPF OA Through Endowus. We recently heard Baby Ong calling "Papa" and "Mama". Although it was probably random babbling and the words have no meaning to her, it felt so nice! We also started having thoughts of selling our HDB once it reaches MOP (another 3 years!) in order to buy another one that is within 1km of a good primary school for Baby Ong as well as whether to decouple for multiple properties. Unfortunately, all these might mean delaying FIRE but I guess these are the things parents are willing to do for their children.

Anyway, our portfolio reaches another new high! It increased by 3.71% to $988,215 - $17,819.43 of capital injection and $17,556.51 of capital gain. This includes $184,663 of leverage/debt (gearing/debt ~22.98%).


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
- None

BOUGHT
- Keppel DC REIT (4,000 units) @ $2.57
- Mapletree Industrial Trust (1,600 units) @ $2.64
- Tuan Sing (483 units) @ $0.37267

We decided to buy more Keppel DC REIT because it seems to be the only REIT with a falling price while the rest are recovering. As much as possible, we do not really time the market and would try to invest on a monthly basis and we would just go for the most "value" purchase. Fundamentally, I do not believe anything has changed for Keppel DC REIT, looking at its latest quarterly results, DPU is still increasing. I guess people are realizing $3 and 2% yield was extremely overvalued? lol. 

Mapletree Industrial Trust had a rights issue recently which we oversubscribed for it and was allocated 1,600 units. The rights issue were funded using leverage (easier to track given the original shares were purchased using leverage).

As for Tuan Sing, I opted for shares instead of cash for its recent dividends. I blogged about it back in 2018. In my opinion, it is still quite undervalued despite the recent increase in price. Its recent divestment were all at a premium to the book value which shows how conservative its NAV is. Having said that, I am tempted to realize the 50%+ profit I am sitting on because unfortunately, the share has no LTV for me to increase my leverage ability.

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.

On a side note, I gave up on buying IWDA already. Instead, the monthly allocated capital together with that of Syfe will be deployed to Crypto DeFi farming instead. Yes, I have successfully persuaded CZM to let me do that (although she was very reluctant) by betting my chance to FIRE on it. End of the day, if this plan fails and I lose it all, what's the worst that can happen? I FIRE at 50 instead of 40 lor. I shall elaborate more on why I see so much potential below.  

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 - $4,876
$1,500 Cash for Ourselves - StashAway Risk Index 22%
$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%
$2,000 Cash - Crypto ($1k BTC and $1k ETH)

Dividends
The total dividends collected this month is $4,581.91The breakdown is as follows:

Company                                         PayDate         Shares Total
Bank Of China Ltd                                 30-Jun-21 30,000 HKD 6,416.38 (~S$1,114)
Oversea-Chinese Banking Corp Ltd 29-Jun-21 919         $146.12 
Frasers Hospitality Trust                 29-Jun-21 4,000 $7.16 
Mapletree Industrial Trust                 28-Jun-21 8,000 $176.80 
First Real Estate Investment Trust         28-Jun-21 9         $0.05 
DBS Group Holdings Ltd                 25-Jun-21 900         $162.00 
Tuan Sing Holdings Ltd                         25-Jun-21 30,000 $180.00 
AIMS APAC REIT                                 24-Jun-21 1,600 $46.40 
Mapletree NAC Trust                         21-Jun-21 10,335 $340.95 
Frasers Logistics & Commercial Trust 18-Jun-21 24,297 $923.28 
Thai Beverage PLC                         14-Jun-21 20,000 $114.57 
Mapletree Logistics Trust                 10-Jun-21 8,000 $172.88 
NetLink NBN Trust                         9-Jun-21         6,000 $153.00 
Ascendas Real Estate Investment Trust 9-Jun-21         3,000 $168.90 
Mapletree Industrial Trust                 8-Jun-21         8,000 $264.00 
Mapletree Commercial Trust                 4-Jun-21         11,500 $611.80 

Total dividends collected for 2021: $14,891.14
Average dividends per month for 2021: $2,481.85

StashAway

KPO

CZM

Capital: $60,478.00
Current: $‭‭‭‭73,192.87

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: $24,976.00
Current: $28,827.38

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.


Capital: SG$37,272.24 + US$40,000 ~ SG$91,209.84
Current: SG$‭‭‭39,280.96 + US$40,000 ~ SG$93,218.56


If you prefer a pie chart. 

Crypto - BlockFi


BlockFi has reduced the interest for BTC to 4% now. Hence, I am planning to move my BTC out to either Polygon or Fantom for higher yield.

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.

Crypto - Celsius Network


Celsius Network recently launched a web app which is so much more convenient now (at least to me). Unfortunately, Celsius has decreased the interest for GUSD to 8.88% (didn't know ang mo also will choose such a huat number. lol) while CEL is earning 4.86%. I was given some BTC from referrals which I will be transferring out as well for higher interest. Thanks for using our link!


Celsius Network: Earn US$40 in BTC with your first transfer of US$400 or more and we will earn US$40 in BTC too.

Crypto - Binance


I have moved 1,000 ADA to BSC to do leverage farming using Alpaca Finance. Most of the ADA is still with Binance and staked for a 7.79% yield.

Crypto - CakeDeFi


I am currently losing a few cents on CakeDeFi which is expected after the crypto market crashed. For this portfolio to perform well, it relies heavily on the price of BTC and DFI. Even if the prices remain as it is now, it will likely be in profit again given the high yield. On a side note, I decided to freeze all of my DFI for 6 months because they were having an anniversary freezer promotion where one get 5% bonus top up.

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 - Binance Smart Chain


Unfortunately, I lost even more money last month when one of my position got liquidated. After finally accumulating 100 CAKE, I moved them to from Beefy to Alpaca for leverage farming to increase the yield. I entered when CAKE price was around US$17+ and calculated that I will be liquidated at US$11 which I thought was unlikely to happen. Well, the crash happened, sent CAKE price briefly below US$11 and I got liquidated and got back only ~US$495.


I injected another US$500 and with my remaining US$496, I whacked some of the highest yield and most risky farm in an attempt to recover my lost. That was also when I decided to send 1,000 ADA to leverage farm for higher yield as well as compared to 7% yield from locked staking.

Current farm

The compensation plan by PancakeBunny isn't working/effective because their TVL has been dropping like crazy since the last exploit - DeFi - Risks and Dangers (I Lost 97% Overnight). Despite that, they came up with another plan which is the MND Vault that allows holders of the token to get a share of the profits from their other launches/projects. I have dumped my remaining BUNNY to be swapped with MND at a 1.5x rate for the first week. Not too hopeful given that majority of my capital is already gone so I will take whatever they can give/compensate.

Crypto DeFi - Polygon


The majority of our crypto portfolio is in the form of stablecoin deposited in Curve to farm MATIC and CRV. It was a huge disappointment as both the yield of Aave and Curve have dropped drastically. 


However, just as I was about to explore other alternative such as Terra, Curve added more incentives and brought the yield higher slightly. Shall continue to observe before moving the money around. On a side note, I bought a Ledger and have moved the majority of our funds over, hence the different wallet addresses.


CZM's first crypto investment of SG$3k was put into a QUICK-MATIC LP and will be auto-compounded using Adamant Finance. Had I not put her LP on Adamant, she will probably be in a losing position but after including the ADDY token, she came up at a slight profit.


I had to LP some of my ETH with AAVE as the yield is too pathetic on Aave. There were a few projects from the Ethereum network that came to Polygon (Balancer, Pickle and Impermax) and I put some money into them.





As for the rest of the MATIC, they are deposited into Qi Dao/Mai as collateral while I borrow MAI (stablecoin) to purchase QI as well as to farm at Balancer for higher yield.


Crypto DeFi - Fantom



I blogged about my experience here - DeFi - Harmony ONE and Fantom. Out of all the networks, I am losing the most money here even after being exploited and liquidated at BSC. Similarly, I started with a capital of SG$5k, lost more than half when I entered FTM at its high (~US$0.90+) and recently just injected another SG$1k to average down/"save" whatever remaining farms/LP (FTM ~US$0.35). Guess what, FTM price is around US$0.20+ @_@" Previously I was farming on SpookySwap, SpiritSwap, and Waka Finance separately but I have moved them to Reaper and Beefy Farms for auto-compounding.

Crypto DeFi - Harmony ONE


Viper is one of my farms with the highest return. The only con is 95% of the yield are locked.


I blogged about LootSwap last month and entered when the LOOT token was about US$1+. Due to a series of events/drama (founder dumping token to secure funds to hire developer, etc.), the token price is now at US$0.10+. Despite that, I am still sitting on a profit due to its crazy high yield from the increase emission for the first few weeks. Similarly, 95% of the yield are locked.

Crypto DeFi - Avalanche


I decided to try out Penguin Finance in Avalanche because I came across an article/tweet on their upcoming airdrop. I purchased SG$500 worth of AVAX in Binance and sent it to my wallet in Avalanche. I then realized it was quite troublesome where I got to bridge between different network within Avalanche to get it to my Metamask address. In my opinion, that's not very user friendly for someone new to crypto. Anyway, most of the AVAX are then converted to PERI and staked in the nest. The airdrop happened on the last day of the month and I got ~10% more PERI. Decent profit (close to 100%) for now.

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$40 in BTC with your first transfer of US$400 or more and we will earn US$40 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

On a side note, Futu's moomoo app has made their sign-up bonus even more attractive (one free Apple share + one free Nio share with 5 trades + other benefits) and it has been extended to 2nd August 2021! Take a look at the latest benefits here.

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

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.)