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

Thursday, September 3, 2020

Portfolio - August 2020

A lot has happened for the month of August. CZM was asking for a push present and we eventually decided to get a massage chair. She has been complaining about backache as the baby grows bigger. It was either her back that was aching or my hands so it definitely makes sense to get one. lol. We went around trying different massage chairs by OSIM and OGAWA during the national day period and decided to get OGAWA Genix at $2.2k because it was more affordable. According to CZM, the most comfortable one is OSIM uLove but that cost around $5.8k and she didn't want to spend so much.

I had to do a wisdom tooth surgery to extract my decaying impacted tooth last month. The surgery itself went smoothly (apparently there's a risk of permanent nerve damage causing numbness in the face) besides the drilling and pulling. The most painful part was when the dentist injects anesthesia into the gum and after it wears off. The next few days were torturing as well with a liquid diet and never feeling full. My pocket would have been very painful too if not for my company insurance as the surgery costs $800+.

Our portfolio has crossed the $500k milestone once again! It increased by 7.95% to $525,857 - $25,092.29 of capital injection and $13,629.65 of capital gain. This includes $45,276 of leverage/debt (gearing ~8.6%).

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"Cash Flow" is the amount of money being injected/withdrawn from the portfolio (buying stocks = +ve cash flow while selling stocks and collecting dividends = -ve cash flow)


- CCB (5,000 units) @ HK$5.66
- BOC (11,000 units) @ HK$2.63
- Capitaland (434 units) @ $2.767
- Cromwell EUR REIT (16,000 units) @ EUR0.42
- Tuan Sing (19,000 units) @ $0.31
- IWDA (11 units) @ US$66.75

We received some dividends from CCB and BOC and decided to average down and buy more shares. Their share price have fallen further as bad debt/loans rise due to COVID-19. We decided to take shares instead of cash for Capitaland dividends. 

Decided to buy more Cromwell EUR REIT using leverage after news that it will be investing in data centres. All the data centres REITs are trading at a premium valuation so I am guessing the same will happen once it is confirmed. Tuan Sing recently sold Robinson Point for $500 million and will be realizing a gain of $128.3 million. Its current PB is 0.325 and is severely undervalued. We are averaging down after buying it 2 years ago at $0.42.

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: $58.391
- 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 $1,480 per month with the intention of maxing it by year-end.

Our Monthly DCA for August - $4,230
$1,000 Cash - StashAway Risk Index 22%
$740  KPO's SRS - StashAway Risk Index 36%
$250 CZM's SRS - StashAway Risk Index 14%
$740 KPO's SRS - Endowus Loss Tolerance -60%
$1,000 Cash - Syfe REIT+ (100% REIT)
$500 Cash - Syfe Equity100 (100% Equities)

The total dividends collected this month is $4,432.51. The breakdown is as follows:

Company PayDate Shares Total
Bank of China Ltd. - Ordinary Shares - Class H 7-Aug-20 19000 HKD 3579.39
Singapore Telecommunications Limited 18-Aug-20 4000 $218.00
SPH REIT 18-Aug-20 23.2 $0.11
Capitaland Limited 20-Aug-20 10000 $1,200.00
Soilbuild Business Space REIT 21-Aug-20 30000 $223.50
STI ETF 25-Aug-20 22500 $1,327.50
Ascendas India Trust - Units 26-Aug-20 29.95 $1.38
Wilmar International Limited 27-Aug-20 2000 $80.00
CDL Hospitality Trusts 27-Aug-20 1856.3 $28.02
Suntec Real Estate Investment Trust  27-Aug-20 5168.1 $79.22
Ascendas Real Estate Investment Trust 27-Aug-20 130.67 $9.49
Starhill Global Real Estate Investment Trust 28-Aug-20 15600 $109.20
Ascott Residence Trust  28-Aug-20 23048 $241.29
CapitaLand Commercial Trust 28-Aug-20 2205.4 $73.65
CapitaLand Mall Trust 28-Aug-20 9974.7 $210.46
Keppel REIT 28-Aug-20 94.48 $1.32

Total dividends collected for 2020: $14,147.37
Average dividends per month for 2020: $1,768.42




Capital: $39,190‬.00
Current: $‭‭‭‭46,900.16

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: $8,190.00
Current: $‭‭‭8,588.83

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: $5,200.00
Current: $‭‭‭6,417.36

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
- Portfolio - August 2020 - $525,857

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