Unfortunately, our portfolio has fallen below the $500k milestone after just 1 month. It decreased by -3.02% to $487,135 - $8,623.00 of capital withdrawal and $6,554.95 of capital loss. This includes $35,294 of leverage/debt (gearing ~7.8%).
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"Cash Flow" is the amount of money being injected/withdrawn from the portfolio (buying stocks = +ve cash flow while selling stocks and collecting dividends = -ve cash flow)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
- Sheng Siong (18,000 units) @ $1.64
We decided to sell all our Sheng Siong shares (18,000 units) at $1.64 today and it has been our top/best investment after all these years.
After holding for about 1358 days (~3.7 years) with an average price of $0.907, we have almost doubled our capital with an absolute return of 94.54% and an annualized return of 19.58%. You can read more about it here - Bye Sheng Siong! Hi SATS!
After holding for about 1358 days (~3.7 years) with an average price of $0.907, we have almost doubled our capital with an absolute return of 94.54% and an annualized return of 19.58%. You can read more about it here - Bye Sheng Siong! Hi SATS!
BOUGHT
- SATS (4,000 units) @ $2.84
- STI ETF (1,000 + 1,000 units) @ $2.65 and $2.58
- IWDA (11 units) @ US$62.38
We bought SATS as we see it as an opportunity to accumulate a good business when it is in crisis/undervalued. It should recover eventually, just not in the near future. We also bought more STI ETF to average down our previous investment.
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: $57.357
- 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 July - $4,550
$1,000 Cash - StashAway Risk Index 22%
$1,000 Cash - Syfe REIT+ (100% REIT)
$700 Cash - Syfe Equity100 (100% Equities)
Dividends
The total dividends collected this month is $1,126.99. The breakdown is as follows:
Total dividends collected for 2020: $9,714.86
Average dividends per month for 2020: $1,387.83
StashAway
- SATS (4,000 units) @ $2.84
- STI ETF (1,000 + 1,000 units) @ $2.65 and $2.58
- IWDA (11 units) @ US$62.38
We bought SATS as we see it as an opportunity to accumulate a good business when it is in crisis/undervalued. It should recover eventually, just not in the near future. We also bought more STI ETF to average down our previous investment.
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: $57.357
- 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 July - $4,550
$1,000 Cash - StashAway Risk Index 22%
$800 KPO's SRS - StashAway Risk Index 36%
$250 CZM's SRS - StashAway Risk Index 14%
$800 KPO's SRS - Endowus Loss Tolerance -60%$1,000 Cash - Syfe REIT+ (100% REIT)
$700 Cash - Syfe Equity100 (100% Equities)
Dividends
The total dividends collected this month is $1,126.99. The breakdown is as follows:
|
Total dividends collected for 2020: $9,714.86
Average dividends per month for 2020: $1,387.83
StashAway
 |
| KPO |
 |
| CZM |
Capital: $37,200.00
Current: $44,125.15
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
Current: $44,125.15
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: $7,450.00
Current: $7,464.31
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!
Syfe
Current: $7,464.31
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!
Syfe
Capital: $3,000.00
Current: $3,903.90
Current: $3,903.90
We have also started an Equity100 portfolio which is still at the funding stage due to some oversight in crediting/investing my money after verifying that the fund came from my bank account.
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
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
- Portfolio - July 2020 - $487,135
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.)
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.)
Sorry, I didn't understand your point on " Leverage Collateral - It has 70% LTV which will increase eventually increase our ability to borrow more or prevent a margin call".
ReplyDeleteDid u organise Leverage with SCB separately to buy this ? What is the collateral ?
Hi TheValueFund,
DeleteThe collateral are the shares I owned. In this case, IWDA is the collateral for me to borrow from SCB to invest further. So I buy $1000 SGD worth of IWDA, pledge to SCB at 70% LTV in order to borrow $700 SGD from SCB.
You can refer to this post for more information - https://kpo-and-czm.blogspot.com/2018/03/leverage-double-edged-sword.html
Hi KPO, can u pm me your SCB banker contact ? my email is thevaluefund@gmail.com. I want to create a similar strucutre but not same ETF/fund.
DeleteI tried asking thru my DBS banker and he just gave excuses why cannot do. My own SCB contact is blur like sotong. I want yours to take over my account.
Hahaha. FYI, DBS has something similar too, not sure about the fees/interest though - https://www.dbs.com.sg/personal/loans/secured-financing/share-financing
DeleteI would PM you if my SCB RM never change. The previous one was pretty good but he left the bank about a month ago. Unfortunately, the current one a bit blur also. I gave instructions to move my shares around still haven do... I had 6 different RMs assigned to me over the years, only 2 is good >.<"