$$$ KPO and CZM $$$: Portfolio - June 2020

Monday, July 6, 2020

Portfolio - June 2020

I started my new job last month and I am definitely busier at work. In addition, I would need to pre-clear our investment + a minimum of 30 days holding period (no trading) except for ETFs and those robo where we can't make decisions to invest in the underlying. Hence, to make things easier, we will probably be shifting towards that direction too.

The result of the NIPT/harmony test is out and we will be expecting a baby girl! Long story short, we went to KKH to get the test done as it was supposed to be at a subsidized rate of $400+ (as of 2019) as compared to private $1-2k. Unfortunately, the staff was telling us that the government stopped subsidizing it late last year so we ended up paying about $800+. Not as much savings as we were expecting for going through all the hassle (going to the polyclinic to get a referral) but every dollar counts. We were also looking forward to phase 2 as we can finally go out and shop for baby items, so many to buy! Shall blog more about the baby stuff separately.

A lot has happened on the 1st of July too! It was as though Endowus and Syfe knew that DBS will be making the announcement and they wanted people to invest their money instead of leaving it in the bank. lol.
- DBS will be decreasing the Multiplier interest w.e.f 1st August. Most impacted will be those with salary crediting and 1 category (us). In my opinion, this is going to be the trend (low interest) for the next few years and there is no point moving/changing our savings account when we do not hold much cash in the first place.
- Endowus launched a cash management product - Cash Smart. You can read more about it here. I would say this is almost same same as StashAway Simple which I blogged about previously and since we do not hold much cash, we would not be using such products.
- Syfe launched Equity100 and you can read more about it here. I don't think I have the time to be writing a review/blogging separately on this but you can take a look at Kyith detailed analysis here. I am not sure if this will perform as well as its historical performance but I am interested to compare it against StashAway most risky portfolio (Risk Index 36%) and Endowus 100% equity portfolio, so we will probably put in some money monthly.

Our portfolio reached another new high for the year with an increase of 6.72% to $502,313 - $17,795.27 of capital injection and $13,852.34 of capital gain. This includes $35,015 of leverage/debt (gearing ~6.9%).

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)

- Geo Energy (41,000 units) @ $0.12

I have decided to cut my losses simply because it was making losses for the year and I don't think it will be recovering soon. After holding about 786 days/2.15 years, the annualized return is -22.66%.

- Bank of China (9,000 units) @ HK$2.90
- Raffles Medical (6,000 units) @ $0.915
- Cromwell REIT EUR (12,000 units) @ EUR$0.415
- STI ETF (1,000 + 1,000 units) @ $2.668 and $2.652
- IWDA (13 units) @ US$58.93

Bank of China declared more dividends as compared to previous years and based on our entry price, we are looking at >6% dividend yield. We decided to average down Raffles Medical after visiting a gynae and was pretty impressed with their service. lol. Decided to deploy/utilize more EUR leverage on Cromwell REIT.

I have "force" myself to buy $1,000 SGD worth of IWDA. We have decided to set some rules for the monthly IWDA investment:
- Current average price: $56.643
- If the market price is above our average price, buy $1,000
- If the market price is below our average price, buy $2,000
- Must buy by last trading day of the month

As an introduction, IWDA (iShares Core MSCI World UCITS ETF) 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.

On a side note, we can invest in such a small amount because there's no minimum commission for SCB priority customers which makes our investment very cost effective.

I have also decided to increase my SRS contribution to $1,400 per month with the intention of maxing it by year-end.

Our Monthly DCA for June - $3,650
$1,000 Cash - StashAway Risk Index 22%
$700 KPO's SRS - StashAway Risk Index 36%
$250 CZM's SRS - StashAway Risk Index 14%
$700 KPO's SRS - Endowus Loss Tolerance -60%
$1,000 Cash - Syfe REIT+ (100% REIT)

The total dividends collected this month is $2,381.99. The breakdown is as follows:

Company PayDate Shares Total
SSB Jun 2019 1-Jun-20          500.00 $4.70
NetLink NBN Trust 3-Jun-20      6,000.00 $151.80
CapitaLand Mall Trust 5-Jun-20      9,824.14 $83.50
Oversea-Chinese Banking Corporation Limited 5-Jun-20          900.00 $252.00
OUE Limited 10-Jun-20    11,000.00 $550.00
Pacific Century Regional Developments Limited 11-Jun-20    14,000.00 $106.40
Thai Beverage Public Company Ltd 12-Jun-20    11,000.00 $44.03
First Real Estate Investment Trust 18-Jun-20    11,009.00 $204.76
Mapletree North Asia Commercial Trust 24-Jun-20    10,020.85 $49.70
Wilmar International Limited 24-Jun-20      2,000.00 $190.00
Tuan Sing Holdings Limited 25-Jun-20    11,000.00 $66.00
Frasers Logistics & Commercial Trust 26-Jun-20    10,200.00 $380.46
Frasers Hospitality Trust 29-Jun-20      4,000.00 $13.14
AIMS APAC REIT 29-Jun-20      1,600.00 $32.00
Accordia Golf Trust 29-Jun-20    15,000.00 $253.50

Total dividends collected for 2020: $8,587.87
Average dividends per month for 2020: $1,431.31




Capital: $34,900‬.00
Current: $‭‭‭‭40,309.82

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.


Capital: $6,650
Current: $‭‭‭6,536

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!


Capital: $2,000.00
Current: $‭‭‭2,683.37

If you are interested in signing up, do use our referral code (KPOBONUS) for some cash incentive! Invests $500 and more and we will receive a $10 bonus each. Invests $10,000 and more and we will receive a $50 bonus each. Invests $20,000 and more, we will receive a $100 bonus each!

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

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
Portfolio - April 2020 - $459,037
Portfolio - May 2020 - $470,665
- Portfolio - June 2020 - $502,313

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