$$$ KPO and CZM $$$: Portfolio - January 2021

Wednesday, February 3, 2021

Portfolio - January 2021

Our perception towards money/time has certainly changed with a baby. Nowadays, we are more willing to spend money to make our lives easier/save some time. Some examples - we recently bought a Samsung Heatpump Dryer for about $1.5k and it was such a time saver. After washing, just dump everything into the dryer and let it run/spin dry. Heatpump dryer is much more expensive than the conventional dryer but it is a lot more energy-efficient. You can read up about the different types of dryers here. We have also decided to order tingkat for both lunch and dinner so we no longer have to spend time deciding what to cook/order on Grab/Foodpanda. Interestingly, tingkat is actually cheaper than getting food delivery. Definitely worth checking out.

Anyway, our portfolio had a great start for 2021 as it reaches a new high and broke the next milestone - $700k! It increased by 6.46% to $712,898 - $34,290.09 of capital injection and $8,978.69 of capital gain. This includes $89,039 of leverage/debt (gearing ~14.27%).

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"Cash Flow" is the amount of money being injected/withdrawn from the portfolio (buying stocks = +ve cash flow while selling stocks and collecting dividends = -ve cash flow)

- First REIT (11,000 units) @ $0.24

We lost about $7.7k and the annualized return was -24.04%. The fractional shares were bought/sold by Syfe REIT+. The percentage lost is a lot higher because the holding period was much shorter. One would have dodged the bullet when investing in REITs through Syfe. The bad REIT would be kicked out of the index before it turns into shit really bad.

This is now officially our worst investment in terms of absolute amount. There are many issues with First REIT but in my opinion, the real problem is that the banks are not willing to lend them money and they cannot refinance to pay off their existing debts. As a result, they had to turn to the shareholders to ask for more money via an extremely dilutive right issue. If it happened once, it may happen again and I am not willing to throw my money down the drain this way. I cut lost and transfer the remaining 2k+ to xfers and you can guess where it went. It is already up 20%+ :)

- ParkwayLife REIT (3,000 units) @ $3.88
- Mapletree Commercial Trust (5,000 units) @ $2.13
- Mapletree Industrial Trust (4,000 units) @ $2.88

We bought the above shares using leverage. The idea is simple, borrow the money, buy a good/excellent REIT, use the dividends to pay the interests, and keep the difference. 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. Unfortunately, we did not buy IWDA and iShares Hang Seng Tech ETF (3067) because it is at an all-time high. Yes, I am timing the market but I just couldn't help it. Unfortunately, they just keep going higher @_@"

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.

Our Monthly DCA for January - $4,026
$1,000 Cash - StashAway Risk Index 22%
$638  KPO's SRS - StashAway Risk Index 36%
$250 CZM's SRS - StashAway Risk Index 14%
$638 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 $204. The breakdown is as follows:

Company                   PayDate              Shares          Total
Singtel                   15-Jan-21       4000            $204

Total dividends collected for 2021: $204
Average dividends per month for 2021: $204




Capital: $49,083.00
Current: $‭‭‭‭59,991.43

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: $11,788.00
Current: $13,181.95

Oh. Endowus is running a pretty attractive CNY promotion -  lowering of the minimum investment amount to just $888! Huat ah! 
To kickoff the Chinese New Year and to help people invest better from the start of the year, we will be running the following initiatives:
1. For the entire February, we are lowering our minimum investment amount from $10,000 to $888
2. From 1 - 14 February, we have a sign-up bonus for new clients from $20 to $28

To be eligible for the $28 sign-up bonus, the prospective clients have to:
1. Be a new Endowus client
2. Create an account between 1 to 14 February (leave an email and password on our website) using a referral or affiliate link
3. Fund their account with $888 before 28 February

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! $28 if you fulfill the above conditions.


REIT+ 100%


Capital: $12,700.00
Current: $‭‭‭14,667.24

New Syfe customers will have their first $30,000 managed free for 6 months when they use our new referral code (KPOCZM). We will be receiving a $10 cash incentive for our portfolio if you invest $500 or more.

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:
2020 Net Worth
- Portfolio - January 2021 - $712,898

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  1. hey KPO,recently had the same sentiments too! i value time saved from doing chores. bought a dishwasher and a roborock... man, i dont why i didnt get it earlier! (more time for netflix! haha)

    i just had the SCB wealth lending approved. my leverage is alot lesser than yours, as i only put in a smaller colletoral. still thinking how to deploy them. my first idea is to slowly draw down and DCA into syfe reit. untill it hits the 20k mark, for lesser comms. if syfereit+ is ~5+%, the nett gain should be 3+%. not astounding, but not terrible either. any thoughts on this?

    1. Hi foolish chameleon,

      Hahaha. We also have a (mini/portable) dishwasher and a roborock. Should have gotten the big built in dishwasher when we first got our house (one of our regrets!).

      Nice. Slowly build lor. Personally, I prefer to just buy the underlying because you will be adding another layer of fees on top of the interest to SCB. In addition, when I buy the underlying from SCB, I can immediately pledge them back as collateral at 70% LTV to further increase the safety margin to prevent the margin call.

      Of course, Syfe is relatively safer/more diversified and you don't need to manage/monitor so much. The decision is yours :)

    2. i bought the smallish countertop eletrolux. coz that was the only decent smaller sized ones avail. this was after thought, after reno as well. yes! i know right! the big sized one, where can dump all the oily pots and stuff.. the other regret, is we should have bought dishwasher safe utensilz and crockery!

      ah, i see. but pledging the collatoral, meansm, cannot sell lo. i mean, can. but not as direct as keying in by yourself, if i not wrong, i think there is an additional step or something, i recall the RM mentioned, and abit more ma fan right...

      exactly, i am trying to steer away from monitoring due to time constrain.

    3. do you know if is there a syfeReit eqv that can be bought in the sqx market?

    4. Yes, when pledging it, cannot sell. Need to unpledged and move it out of lien account before you can sell. That's going to take a few days and price would have moved. So that's the trade-off.

      An equivalent would be one of those REITs ETF. There are 3 of such ETFs:
      NikkoAM-Straits Trading Asia Ex-Japan REIT ETF
      Phillip SGX APAC Dividend Leaders REIT ETF
      Lion-Phillip S-REIT ETF

  2. I've also sold my First REIT & RMG (BSL) to ate the loss, redeploy to other better performing equities

    1. Hi ant,

      Yes, it happens. Hopefully we will earn/gain back what we lost from wherever we redeploy to!

  3. Thinking of swapping IWDA to VRWA, any opinions? no need to buy eimi / lesser to rebalance and barriers to buying, market timing

    1. Hi JD,

      My opinion is either is fine and they will perform well in the long term. Instead of swapping, I will recommend that you simply stop buying IWDA and start buying VRWA to avoid additional commission/fees.

      My opinion/answer might be too simple and you might want to refer to Kyith's article here - https://investmentmoats.com/passive-investing-2/iwda-versus-vwra-significant-performance-differences/