March has been a crazy month! We noticed Baby Ong's skin was getting very dry in certain areas especially the joints (mild eczema) and after researching online, we brought her to see Dr. Lynn Chiam who is a Pediatric Dermatologist. Damage: $470+. Fortunately, we saw some improvement in her skin after following her treatment methods.
We also started to send Baby Ong to her infant care in order to get used to the new routine before CZM returns to work and it's so tiring! We got to wake up around 6+am to prepare her, dropped her at the infant care around 8am, and rush home to start work by 9am. The worst thing that happened for the month was CZM injured/sprained her back and was getting engorgement at the same time in one of the week. I went on to apply for 1 week leave to help her out with everything so she can focus on recovering. Her back has fully recovered but the engorgement is like a recurring issue. Haix.
For those that think breastfeeding is cheap because one can save on milk powder, you are so wrong! It is mentally and physically draining for the wife/mummy, the constant pumping, the fear of engorgement, it's never-ending. So far we have spent >$2k consulting TCM (Flower Moon Clinic) and a Malay auntie in order to clear CZM's engorgement. In one of the TCM sessions, the physician even had to use a needle to poke the milk blister that was causing the engorgement. So scary and painful! Poor CZM :'(
Last month I also decided to pass up on a possible promotion next year and you can read about it here - Our Salary 2020 + Passing Up Promotion. Most people will not be able to comprehend such a decision similar to the FIRE concept. Why retire early when you can continue to work and contribute to the economy? Why pass up on a possible promotion when you still got to continue to work anyway? It is about prioritizing other aspects of life that are so much more important than work/career. After all, our plan is just to work another 10 years before we FIRE and it is simply a choice of stressful 10 years or comfortable 10 years. Anyway, if you have not read the book "Your Money or Your Life" then take a look at our review here, it should put more things into perspective.
Alright, enough of such sad updates. On the bright side, our portfolio broke the next milestone (including leverage) last month - $800k! In fact, our portfolio has almost doubled as compared to one year ago.
Our first...
$100k - 2016 Aug (Have not started to blog)
$200k - 2017 Feb
$600k - 2020 Nov
$700k - 2021 Jan
$800k - 2021 Mar
If you prefer to look at the underlying raw data:
 |
| 2014-2016 |
It took us > 2 years to reach our first $100k.
 |
| 2017-2019 |
For the last 6 months, it has been breaking the next 100k every 2 months as STI begins to "wake up" after so long. Our portfolio reaches another new high! It increased by 16.70% to $866,309 - $75,085.37 of capital injection (we utilized more leverage + our bonus + a bit skewed by Crypto - I have been putting ~$1-2k for the last few months but wasn't tracking it) and $48,859.60 of capital gain. This includes $109,481 of leverage/debt (gearing ~14.47%).
"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
- None
BOUGHT
- CapitaLand (5,000 units) @ $3.75
- CapitaLand (5,000 units) @ $3.75
- Mapletree Industrial Trust (4,000 units) @ $2.62
- Mapletree Commercial Trust (4,000 units) @ $1.99
- Ascendas REIT (3,000 units) @ $3.07
- CDL HTrust (3,000 units) @ $1.26
- Ascott Residence Trust (3,000 units) @ $1.08
- Frasers L&C Trust (3,000 units) $1.45
- Cromwell EUR REIT (12,000 units) @ Euro 0.455
- iShares Hang Seng Tech ETF (400 units) @ HK$16.92
We bought CapitaLand after news of its restructuring came out. I did an analysis and found that it was still trading at a significant discount >10% as compared to the offer that is on the table. You can read more about it here - CapitaLand at a Discount - CLIM, CICT and Cash.
We were already holding on to some cash, hoping the market will drop further but when our bonus came in and news of Singapore relaxing some of the COVID-19 restrictions + plans to reopen the border by end of the year + US market keep dropping but SG market seems immune/not affected, we are guessing that the SG market is unlikely to drop further. In fact, SG is likely to be one of the first few countries to recover strongly from this pandemic. CDL HTrust and Ascott are more of a hospitality/travel recovery play. Frasers L&C Trust is because it will be added to the STI index soon. Cromwell EUR REIT has a share consolidation (1:5) and I am making the number of shares nicer.
Anyway, the idea of using leverage is simple, borrow the money, buy a good/excellent REIT/stock, use the dividends to pay the interests, and keep the difference while ensuring that we will never get a margin call/trigger. 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 because it is at an all-time high. Yes, I am timing the market but I just couldn't help it. Unfortunately, it just keeps 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. We have also decided to open another StashAway portfolio for Baby Ong. You can read about Our Insurance and Investment Plan for Baby Ong.
Our Monthly DCA for March - $3,876
$1,500 Cash for Ourselves - StashAway Risk Index 22%
Our Monthly DCA for March - $3,876
$1,500 Cash for Ourselves - StashAway Risk Index 22%
$100 Cash for Baby Ong - StashAway Risk Index 36%
$1,000 Cash - Syfe REIT+ (100% REIT)
Dividends
The total dividends collected this month is ~$3,496.35 ($1,657.61 and Euro 1162). The breakdown is as follows:
$638 KPO's SRS - StashAway Risk Index 36%
$638 KPO's SRS - Endowus Loss Tolerance -60%$1,000 Cash - Syfe REIT+ (100% REIT)
Dividends
The total dividends collected this month is ~$3,496.35 ($1,657.61 and Euro 1162). The breakdown is as follows:
Company PayDate Shares Total
Cromwell European REIT 31-Mar-21 50,000 EUR 1162.0
Keppel REIT 31-Mar-21 494.757 $4.65
Starhill Global REIT 25-Mar-21 25,600 $481.28
First REIT 24-Mar-21 9 $0.07
Far East Hospitality Trust 22-Mar-21 10,316 $142.36
AIMS APAC REIT 19-Mar-21 1,600 $32.80
ESR-REIT 19-Mar-21 413.977 $3.47
Mapletree Logistics Trust 15-Mar-21 494.202 $7.12
IREIT Global 12-Mar-21 500 $10.90
Ascendas REIT 9-Mar-21 320.118 $5.37
CapitaLand Integrated Commercial Trust 9-Mar-21 25,780 $448.57
Mapletree Industrial Trust 8-Mar-21 4320.532 $141.71
Keppel DC REIT 8-Mar-21 5137.837 $246.35
CapitaLand China Trust 5-Mar-21 21,152 $122.68
Keppel REIT 1-Mar-21 351.11 $10.28
Total dividends collected for 2021: $6,262.72
Average dividends per month for 2021: $2,087.57
StashAway
Average dividends per month for 2021: $2,087.57
StashAway
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| KPO |
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| CZM |
Capital: $53,764.00
Current: $65,440.82
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.
Current: $65,440.82
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.
Endowus
Capital: $13,064.00
Current: $15,578.08
Current: $15,578.08
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! This access fee has no expiry date.
Capital: $15,053.28
Current: $16,704.77
Current: $16,704.77
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.
Crypto
If you want to extract those transactions information from Syfe, do take a look at this article - Syfe Transactions Parser.
Crypto
Capital: $8,262.52
Current: $16,891.87
Current: $16,891.87
The snapshot of the price in SGD when I was compiling/updating the spreadsheet.
BTC in BlockFi earning about 6% interest.
GUSD and CEL in Celcius Network earning 10.51% and 4.86% respectively.
Majority of CRO at Crypto.com DeFi wallet earning 30-40% interest. I was actually planning to convert my existing CRO to ADA or ETH since I was going to move away from the platform but when the mainnet launched on 25th March, the yield from staking of CRO became crazily high and I could not resist moving them to the DeFi wallet to give it a try!
The remaining coins are still with Crypto.com. The plan is to move away from the platform for higher yield. I will be converting the stablecoin (DAI and USDT) to either ADA, ETH or CRO because it is not cost-effective to be moving so many different kinds of coins. Will take about another month or so as some of the coins are still "locked" from the staking.
If you are interested in the platform I am using, do sign up using our referral links for some bonus :)
BlockFi: Deposits US$100 or more into your BlockFi Interest Account (BIA), you will earn US$10 in BTC and we will earn US$10 in BTC too.
BlockFi: Deposits US$100 or more into your BlockFi Interest Account (BIA), you will earn US$10 in BTC and we will earn US$10 in BTC too.
Celsius Network: Earn US$30 in DAI (it is just another stablecoin) with your first transfer of US$200 or more and we will earn US$30 in DAI too.
Crypto.com: Sign up using our link, stake SG$500 worth of CRO and we both get US$25 in CRO
On a side note, Futu's moomoo app attractive sign-up bonus (one free Apple Share besides other benefits) has been extended to 30th April 2021 (1500hr SGT)! Take a look at our review here.
- 2020 Net Worth
- Portfolio - December 2020 - $669,630
- Portfolio - January 2021 - $712,898
- Portfolio - February 2021 - $742,364
- Portfolio - March 2021 - $866,309
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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.)
Getting further away from me - i am curious, what's your leverage interest amount with SCB? Looks like leveraging is the way to go.
ReplyDeleteHi FutureValue,
DeleteNot a competition! Just carry on with whatever you and your wife are doing too! The interest varies depending on the currency I am borrowing - SGD/USD are higher, closer to 2%. EUR/JPY are lower ~1%.
It really depends on individual and his/her risk appetite. Our way of leveraging is pretty safe, we don't leverage up (x2 or even higher like Archegos). For every dollar we pledge, we are borrowing just 70 cents + the credit that was given to us, we don't utilized 100%, I am trying to cap it at around 40-50% and even at 50%, we will almost never get margin call.
Clear - thanks for the inspiration; i managed to borrow 250k SGD at 1% interest and will be looking out for goodies (most likely capland or even DBS at this price). Let's see..
ReplyDeleteNice! That was fast! You should get some EUR and get Cromwell EUR REIT too. The interest for EUR is much lower while the yield for Cromwell is much higher. JPY is low but there isn't any high yield stocks there. The yield for their REITs are quite pathetic. Can forget about GBP because I have tried it with the plan to buy Elite Commercial REIT but unfortunately, SC does not allow us to buy Elite so I closed the account. lol.
Delete