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"Cash Flow" is the amount of money being injected/withdrawn from the portfolio (buying stocks = +ve cash flow while selling stocks and collecting dividends = -ve cash flow)

SOLD
- 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%+ :)

BOUGHT
- 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)

Dividends
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

StashAway

KPO

CZM

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.

Endowus

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.

Syfe

REIT+ 100%

Equity100

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

- Leverage Performance 2020

- Portfolio - December 2020 - $669,630

- Portfolio - January 2021 - $712,898

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.)

Portfolio - April 2018 + What is Ezion W230416?

Happy Labour Day everyone! This week will be a very short week for those people that took Monday off :) Our portfolio increase by 4.01% to $336,021 - $7,767.24 of capital injection and $5,180.91 of capital gain.

SOLD
- Ezion (9,900 units) @ 0.225

I blogged about it last week - Ezion - Bleeding Stopped! In short, I am really glad that I sold it off on day 1. My total capital was $6,167.70 and I manage to get back $2,222.26 after ~ 4 years. I lost in total $3,939.30 including commisions which translate to a total loss of -63.9% and an annualized loss of -37.9%!

BOUGHT
- STI ETF (1,000 units) @ $3.40
- Lion-Philip S-REIT ETF (1,000 units) @ $1.006
- Parkway Life REIT (2,000 units) @ $2.78
- Ezion W230416 (5,940 units) @ $0

We bought 1,000 units of STI ETF when the market was throwing a tantrum early April and bought 1,000 units of Lion-Philip S-REIT ETF as part of our new strategy - New Singapore Budget, New REIT Strategy!

I blogged about the possibility of using leverage to increase our return - Leverage - A Double-Edged Sword. The initial plan was to use it to purchase a relatively stable stock giving 5% dividend, use the dividend to pay off the cost of borrowing/interest at 3% and earn the difference. That relatively stable stock is Parkway Life REIT. Having said that, we have yet to use any leverage because we still have money "idling" in our bank account.

Using the above illustration, it makes sense for us to "borrow" from ourselves (KPO Expense Fund) instead of borrowing from the bank. I know it may sound complicated/illogical to some of you but that is how we are managing our money. You can read more about it here - Managing Finances As A Couple.

Last but not least, there is Ezion W230416. As much as I would like to get rid of Ezion totally, it continues to haunt me. So what is W230416? It is a warrant/baby share which allows the shareholder to convert the warrant/baby share into the actual share/mother share before the specified expiry time at the specified conversion price. There are many reasons why a company would issue warrants but I will not get into that.

As you can see, Ezion issued 3 warrants for every 5 shares, the exercise price is $0.2487 and the expiry date is 5 years later on 2023-04-16 (derived from the warrant name). I had 9,900 shares before it was suspended so I was allocated 5,940 warrants (9,900 / 5 x 3) for being a loyal shareholder who did not sell the shares from 8th August 2017 to 16th April 2018. You can refer to this for more information.

Unfortunately, this warrant is not listed and cannot be traded/transferred unlike W200424 which is listed as BSHW with an exercise price of $0.50. Based on the current price of $0.121, both warrants are useless/worthless now because no one in the right mind will pay more to exercise/convert them to actual shares. Having said that, W230416 could be a sign that the management is confident that Ezion's business will recover and the share price will be higher than $0.2487 by 2023. However, existing shareholders do be prepared to be "diluted" in the event when Ezion's share price rise above these 2 exercise price (although I highly doubt that it will happen).

Dividends
The total dividends collected this month is $546.04. The breakdown is as follows:

Company	Symbol	ExDate	Shares	Total
CapitaLand Mall Trust	C38U	26-Apr-18	7,000	$194.60
First Real Estate Investment Trust	AW9U	23-Apr-18	7,109	$152.84
Soilbuild Business Space REIT	SV3U	20-Apr-18	15,000	$198.60

Total dividends collected for 2018: $2,697.52
Average dividends per month for 2018: $674.38

StashAway

Capital: $7,000.00
Current: $6,956.62 (IRR: -1.5%)

Health - KPO Needs to Lose Weight
Date: 2018-05-01
Weight: 72.4 kg (Gain weight! It seems that I have hit a plateau/natural weight of ~71-72++)

BMI: 24.1

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 -->)