Endowus - March 2020

Besides buying aggressively on our own portfolio - Portfolio - March 2020, I have also made additional contributions ($250 on 12 March and $500 on 18 March) to both Endowus and StashAway. I was even considering investing my CPF OA using Endowus but before a decision was made, the market has sort of recovered and I dropped the idea. Let's see how that goes.

Risk Profile
Goal type: General wealth accumulation
Risk tolerance: Maximise returns (loss tolerance -60%)

Monthly investment using SRS: $250

Account Summary

Capital: $5,000.00
Current: $4,153.50 (-22.84%)

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.

Asset Allocation

This shows that the number of Dimensional World Equity Fund units (247.9700) owned. It will be great if they actually showed my average price vs the current market price.

Transactions

Bought 15.3700, 32.6160 and 154.0330 shares of Dimensional World Equity Fund @ $16.27, $15.33 and $16.63!

That's all! Overall, I think the statement is pretty straightforward and easy to read.

Anyway, Endowus has reached out and offered a masked 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 previous months update too:
- Endowus CPF/SRS Review
- Endowus - January 2020 - $3,692.02
- Endowus - February 2020 - $3,704.57
- Endowus - March 2020 - $4,153.50

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.)

Portfolio - March 2020

March has been a pretty exciting month. It was one of the worst market performance since we started investing in 2014 and we just kept buying as the prices fall. Unfortunately, when it was at its lowest, we have already run out of money. We even decided to make use of our overdraft/leverage account - Biggest Losses in a Day + Start of Leverage which was opened 2 years ago - Leverage - A Double-Edged Sword. At one point in time, our portfolio lost more than $100k year to date but like I always say - life goes on!

Will the market fall lower? Maybe? All I know is a few years down the road, we will be glad of the actions we took today instead of holding cash worrying that it will fall more. Fall more buy more! Anyway, we have some good news to share too but let's keep that to next month instead :)

Our portfolio decreases by 6.14% to $415,071 - $63,904.86 of capital injection (including $31,528 of leverage) and $91,049.96 of capital loss.

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
- STI ETF (4 x 1,000 units) @ $2.85, $2.68, $2.58 and $2.42
- Capitaland 1,000 units @ $2.95
- DBS 100 units @ $20.40
- Frasers Commercial Trust 1,500 units @ $1.36
- Mapletree NAC Trust 5,000 units @ $0.84
- Soilbuild Business REIT 9,000 units @ $0.31
- CapitaRetail China Trust (5,000 and 2,000 units) @ $1.36 and $1.19
- Cromwell REIT EUR 10,000 units @ EUR$0.44
- OCBC 900 units @ $8.88
- Frasers Hospitality Trust 4,000 units @ $0.485
- AIMS APAC REIT 1,600 units @ $1.21
- Starhill Global REIT 3,600 units @ $0.555
- ARA Hospitality Trust 2,700 units @ $0.48
- CDL Hospitality Trust 1,800 units @ $1.07
- CapitaMall Trust 2,800 units @ $1.76
- IWDA (14 and 15 units) @ US$54.71 and US$49.88

Most of the purchases were to average down for existing investments. The newer stocks were purchased using leverage to earn the difference (e.g. 8% dividend yield - 2% interest) and the key is to prevent/avoid a margin call. We have been pretty conservative in using it and the pledged stocks will have to fall another 80% as of now to trigger the first call.

Buying STI ETF has always been part of our plan but we stopped when the price got too high. Seeing it drop, we decided to start buying again.

Apart from our regular monthly investment into StashAway and Endowus, we have decided to invest SGD $2,000 every month into IWDA (iShares Core MSCI World UCITS ETF) which is an accumulating (does not distribute dividends) world ETF managed passively by iShares. This has multiple purposes:
1. Capital Growth - Determine if simply buying a diversified world ETF will outperform StashAway/Endowus
2. Leverage Collateral - It has 70% LTV which will increase eventually increase our ability to borrow more or prevent a margin call

Anyway, IWDA is highly recommended by ShinyThings from HWZ. You can refer to this summarized version here.

Dividends
The total dividends collected this month is $663.23. The breakdown is as follows:

Company	PayDate	Shares	Total
SSB Sep 2018	1-Mar-20	500	$5.05
Keppel DC REIT	3-Mar-20	4,900	$95.55
Mapletree North Asia Commercial Trust	10-Mar-20	5,000	$83.55
First Real Estate Investment Trust	13-Mar-20	11,009	$236.68
Far East Hospitality Trust	27-Mar-20	10,316	$98.00
CapitaLand Retail China Trust	30-Mar-20	4,000	$144.40

Total dividends collected for 2020: $3,495.35
Average dividends per month for 2020: $1,165.11

StashAway

KPO

CZM

Capital: $30,750‬.00
Current: $‭‭‭‭30,995.84

Endowus

Capital: $5,000
Current: $‭‭‭4,154

On a side note, Endowus has reached out and offered a masked referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too! Shall start doing monthly statement updates for it soon too!

You might be interested in these blog posts too:
- Portfolio Performance in 2019
- 2019 Net Worth
- Portfolio - December 2019 - $463,297
- Portfolio - January 2020 - $455,071
- Portfolio - February 2020 - $442,216
- Portfolio - March 2020 - $415,071

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.)

Endowus - February 2020

One of the big news last month was the closure of one of the robo-advisers, Smartly - Singapore robo-adviser Smartly folds business. It was very unfortunate for people that invested with Smartly because they will have to realize their losses at a very bad time. On the other hand, it shows that when these robo-advisers close shop, they will not run away with your money which has always been a big worry for investors.

People also started asking if this will happen to other robo-advisers such as StashAway/Endowus. As far as I can tell, definitely not anytime soon. Similarly, there were telltale signs that Smartly is not doing well. Firstly, they have stopped innovating or introducing new products for a long period of time when StashAway and Endowus have ventured into investing using SRS/CPF. In addition, both StashAway and Endowus have been very active in terms of engaging investors through their blog articles/insights/webinars. Lastly, I think the biggest red flag was when Smartly stopped accepting deposit/investment in November last year.

Take a look at this Seedly Webinar: Why Invest with Endowus? by Sam Rhee, the Chairman and CIO of Endowus.

Risk Profile
Goal type: General wealth accumulation
Risk tolerance: Maximise returns (loss tolerance -60%)

Account Summary

Capital: $4,000.00
Current: $3,704.57

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.

Asset Allocation

This shows that the number of Dimensional World Equity Fund units (184.9510) owned. It will be great if they actually showed my average price vs the current market price.

Transactions

Bought 12.3460 shares of Dimensional World Equity Fund @ $20.25!

That's all! Overall, I think the statement is pretty straightforward and easy to read.

Anyway, Endowus has reached out and offered a masked 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 previous months update too:
- Endowus CPF/SRS Review
- Endowus - January 2020 - $3,692.02
- Endowus - February 2020 - $3,704.57

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.)

StashAway - February 2020

One of the big news last month was the closure of one of the robo-advisers, Smartly - Singapore robo-adviser Smartly folds business. It was very unfortunate for people that invested with Smartly because they will have to realize their losses at a very bad time. On the other hand, it shows that when these robo-advisers close shop, they will not run away with your money which has always been a big worry for investors.

People also started asking if this will happen to other robo-advisers such as StashAway/Endowus. As far as I can tell, definitely not anytime soon. Similarly, there were telltale signs that Smartly is not doing well. Firstly, they have stopped innovating or introducing new products for a long period of time when StashAway and Endowus have ventured into investing using SRS/CPF. In addition, both StashAway and Endowus have been very active in terms of engaging investors through their blog articles/insights/webinars. Lastly, I think the biggest red flag was when Smartly stopped accepting deposit/investment in November last year.

Take a look at the latest update by StashAway CEO, Michele Ferrario - An Update from Our CEO: 26 March 2020.

Anyway, we have 3 portfolios on 2 accounts now due to our new strategy - New Strategy: StashAway + Supplementary Retirement Scheme (SRS):
KPO and CZM Cash - StashAway Risk Index 22%

KPO SRS - StashAway Risk Index 36%

CZM SRS - StashAway Risk Index 14%

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

KPO

CZM

Based on the statement (29 Feb 2020), KPO lost $964.04 and CZM lost $‭‭‭19.63 for the month.

As of 3 Apr 2020, these are our portfolio performance:

KPO and CZM Cash - StashAway Risk Index 22%: $‭22,753.42 (2.05% - Capital: $22,500)

KPO SRS - StashAway Risk Index 36%: $4,479.86 (-24.02% - Capital: $5,000)

CZM SRS - StashAway Risk Index 14%: $3,244.95 (-0.32% - Capital: $3,250)

From here, you can see the difference in volatility/losses based on both our SRS accounts which started around the same time but with vastly different risk.

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

KPO and CZM Cash - StashAway Risk Index 22%

KPO SRS - StashAway Risk Index 36%

CZM SRS - StashAway Risk Index 14%

3. FEE CALCULATIONS

KPO

The fee stated is based on the monthly-average assets SGD $20,015.87 x 0.8% / 366 days * 29 days = $12.69.

CZM

The fee stated is based on the monthly-average assets SGD $3,035.60 x 0.8% / 366 days * 29 days = $1.92.

We used Grab points to redeem for StashAway credits last year (1,200 points for $5 credit) but I believe it is no longer available.

StocksCafe

Looking at the time-weighted return (-4.18%), we can see that StashAway Risk Index 22% is "outperforming" the STI ETF (including fees) in the sense that it is not losing as much. In addition, it has a lower max drawdown but with slightly higher volatility.

Similarly, StashAway Risk Index 22% is also outperforming the SPY (SPDR S&P 500 ETF Trust) with much lower volatility and max drawdown.

Which is the best? Only time will tell :)

Here you go: KPO and CZM Referral Link

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 previous months update too:
- StashAway - January 2020 - $31,742.42
- StashAway - February 2020 - $31,499.69‬

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.)

Portfolio - February 2020

Early last month, we tried to postpone our May Europe (12 Days 9 Nights Scandinavia & Finland) tour with Hong Thai Travel Agency and was asked to pay $200 admin fees per pax. We refused and disputed but it was only when the whole COVID situation had gotten worse/more serious (1-2 weeks after we asked to postpone), they finally allowed us to change to an "open" tour without any charges.

We were also supposed to fly to Japan in June but that will have to be postponed too, just waiting for Alaska Airlines to allow free cancellation/postponement for people travelling in June. So much for planning in advance - Quick Update - Too Busy to Blog.

Our portfolio decreases by 2.82% to $442,216 - $4,817.28 of capital injection and $17,672.14 of capital loss.

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
- STI ETF (3 x 500 units) @ $3.15, $3.14 and $3.10
- IWDA (12 and 13 units) @ US$62.53 and US$57.19

Buying STI ETF has always been part of our plan but we stopped when the price got too high. Seeing it drop, we decided to start buying some again.

Apart from our regular monthly investment into StashAway and Endowus, we have decided to invest SGD $2,000 every month into IWDA (iShares Core MSCI World UCITS ETF) which is an accumulating (does not distribute dividends) world ETF managed passively by iShares. This has multiple purposes:
1. Capital Growth - Determine if simply buying a diversified world ETF will outperform StashAway/Endowus
2. Leverage Collateral - It has 70% LTV which will increase eventually increase our ability to borrow more or prevent a margin call

Anyway, IWDA is highly recommended by ShinyThings from HWZ. You can refer to this summarized version here.

Dividends
The total dividends collected this month is $2,554.64. The breakdown is as follows:

Company	PayDate	Shares	Total
SSB Aug 2019	1-Feb-20	500	$4.20
Ascendas Hospitality Trust	10-Feb-20	15,000	$180.00
Ascott Residence Trust	10-Feb-20	11,000	$459.80
STI ETF	24-Feb-20	13,000	$728.00
Mapletree Commercial Trust	26-Feb-20	2,500	$46.25
Parkway Life Real Estate Investment Trust	26-Feb-20	2,000	$66.80
CapitaLand Commercial Trust	28-Feb-20	2,000	$77.20
CapitaLand Mall Trust	28-Feb-20	7,000	$217.70
Frasers Commercial Trust	28-Feb-20	7500	$180.00
Soilbuild Business Space REIT	28-Feb-20	21,000	$194.25
Starhill Global Real Estate Investment Trust	28-Feb-20	12,000	$135.60
Suntec Real Estate Investment Trust	28-Feb-20	5,000	$117.35
Thai Beverage Public Company Ltd	28-Feb-20	11,000	$147.49

Total dividends collected for 2020: $2,832.12
Average dividends per month for 2020: $1,416.06

StashAway

KPO

CZM

Capital: $28,750‬.00
Current: $‭‭‭‭31,499.66

Endowus

Capital: $4,000.00
Current: $‭‭‭3,705.00

On a side note, Endowus has reached out and offered a masked referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too! Shall start doing monthly statement updates for it soon too!

You might be interested in these blog posts too:
- Portfolio Performance in 2019
- 2019 Net Worth
- Portfolio - December 2019 - $463,297
- Portfolio - January 2020 - $455,071
- Portfolio - February 2020 - $442,216

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.)