Author: CoryLogics

Cory Diary : Refreshing Portfolio Setup

It has been a fruitful week. From the low of two fri ago on 1/4 , STI ETF swing back up to close strongly driving whole week of positives. This is certainly a positive week spurt which happens only few times a year. Staying invested folks have a field day. However for those who shorted the general market thinking it will go negatives are caught wrong footed this time as is a 7.2% swing in total. Is so hard to predict. This also drives my portfolio upwards with different counter benefits differently from it. Passion is everything. Here my new Radar...

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Cory Diary : DBS FHR8

I have the opportunity to re-price my housing loan with DBS. There are 2 options currently other than doing nothing which will be paying more. Additional Information For the first 2 years, the gap all-in is about 0.345% between Fixed and Floating package.FHR is tied to DBS Fixed Deposits 8 months rate. The rate is kind of “Board Rate”. I read somewhere that their is limits on how much a bank can change as there is some MAS oversight. Not sure is true and how stringent will MAS allows though. Nevertheless there is more transparency in how the final...

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Cory Diary : Expense Ratio

This may have gone around for few times … . To win in the long run, expense ratio probably matters. That’s one reason why Index or Mutual funds are good. If we search the web, is defined as “The expense ratio is calculated by dividing a fund’s operating expenses by the average total dollar value for all the assets within the fund.” For 2018 my Expense Ratio is 0.62%. That’s low relatively to fund however for retail investors this probably high. Really high for a dividend player. The number of trades for 2018 is 124. That’s lower than year...

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Cory Diary : Why we should use XIRR for Performance Metric

Many may have heard of Time Weighted and Money Weighted. There continues to be confusion on what metric to use in performance measure. For retailers and typically investors I dare to say it has to be Money-weighted. I just read an article and reinforce my understanding that most users should only use Money-Weighted. Time weighted by funds usage to me is quite misleading on performance over time if you read further down. Fortunately, when we says money weighted we are referring to XIRR in Excel. Here’s the table i extract from the article. (link ) Both methods have $1M...

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Cory Diary : Asset Tracker 2019-0108

With the beginning of the new year is time to assess my net worth trending. In this update, I have added “Non-Retirement line’. There is a good spike ending 2018 due to YEB and VB.  The losses in 2018 is mitigated by monthly income. This will expects to reduce in coming months due to local taxes and parent allowances.  I should have done better in 2018 but I didn’t. Nevertheless, my Assets continue to move up but at a slower pace with increasing expenses and poor market. Based on past trend, 2019 (touch wood) will be a good year...

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Cory Diary : Investment Portfolio 2019-0104

Portfolio As usual, my Investment Portfolio excludes tracking Pensions, SSB, Treasuries and Fixed Deposits. This setup has slightly higher Trusts/Reits allocation of 53%. I foresee waiting for market dips before increasing further. I also reserved for a few positions for future acquisition in 2019. There is nothing much to show on the bubble chart other than the yield expectation for start of year. A lot of overlapping. As the year past, this will probably scatter. With 24 counters, seems I have my plate full. To most people this maybe too much. However I think is necessary for dividend diversification,...

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Cory Diary : 2018 Equity Performance

2018 has been tough for local equity investor. The STI ETF registered -6.48% after dividends. For people who is new to this, STI ETF is traded in SGX like shares in stock market. The last traded price is 3.117. (Stock Quote is ES3). It is often use as a benchmark to measure against investor portfolio performance as the ETF closely follows Straits Times Index which tracks the performance of the top 30 companies listed on the Singapore Exchange. There are few methods to measure STI ETF Performance. I use XIRR after considering dividends distributed over the year. ( Typically twice...

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Cory Diary : Sector Map Distribution 2018-1230

Just drawn up a map on my current equity investment portfolio. Do note SSB/Treasury, Pension and Fixed Deposits are not included. Everything in percentage. There are mainly two areas which I will focus on here. Dividend Play About 50% in dividend focus equity (Trust/Reit). This will probably move to higher allocation in 2019. Net-link Trust will need to be watched closer as currently is a little over-allocated. Need to pay attention on how 5G plays out. One way is to increase my other dividend holdings. There are also good amount in Frasers and Maple families which are quite popular...

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Cory Diary : STI Index – Crucial Juncture

Most people who is well verse with STI Index would probably know that timing matters in STI Index investment. And going in lower will do us well in the future to come. So you may like to know that we are on the cross road for this period and the index is on one of it’s low point of the wave fluctuation. We have Tariffs, Brexit, Rate increase, US Shutdown, Syria pullout and SG Property Curbs and Poor Telco performance. There are so many negatives. Well, without them Index wouldn’t be low, right ? The above chart has a...

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Cory Diary : Watchful Eyes on Land Mines 2018

Like any company, there is constant search for new blood to rejuvenate our portfolio. As time goes you will realize you get to know more companies and try them out. Some will end badly. A few will flourish. That’s part of the game. However, even a 1% position we will need to think carefully. Often I make the mistake of dismissing their impact which then adds up. For example my foray into tracking the few minuscule US stocks end up bad in the trade tariff frenzy. It could be a lot worst if is a much larger positions. Land...

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Cory Diary : Dividend Report 2018-1218

With Singtel Ex-dividend today, Year 2018 dividend probably comes to a closure. Excluding CPF, Pension, SSB, US Markets, FD and Treasuries,  this year dividends totaled $46, 551. If we are to compute all the similar dividends received since tracking from Year 2005 is $272,207. For Year 2019, with minimum S$45K planned, we will exceed S$300K comfortably. Hitting S$50K annual is possible. The far stretched goal is $55K now. Keep in mind with then new higher $200k limit in SSB, I may have lesser cash injection for 2019. The investment map did change from prior year for some quite significantly....

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Cory Diary : Investment Updates 2018-1215

Trades SSB Switch Redeem SSB batch starting 1% rate for 2.01%. And a higher 2.45% effective rate. First Reit Reviewed First Reit investment for all the years and it still in good positive despite losses this year. If the sponsor sold off remainder of the 10%, the skin in the Reit doesn’t appear to be good. Is not like they have a lot in the first place. Spending too much time on this drama for me to follow through so I thought it maybe better for me to move on. As it look like the rebound has stabilized, decided...

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Cory Diary : Bubble Chart 2018-1214

Just drawn up this chart. Pretty exciting on the new look of my portfolio. They looks like planetary system. The vertical axis is the Profit/Loss from the investment. The horizontal axis is the estimated dividend yield of the counter.The bubble size is the investment size. There are 3 dividend exceptions which belong to US Market that I do not track therefore zero out. Take me some time to get the labels and colors right due to overlapping. From the chart, I can tell CMT has a run away whereas Singtel tanks. Maybe that’s why I start partial profit taking....

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Cory Diary : Investment Tracker 2018 – 1209

General Plan Still in the process of fine-tuning my portfolio for 2019. Like to plan for at least S$45,000 dividends and then try to push them higher up during the course of the year if possible.That’s mean reserving specific amount of warchest. I am also trying to minimize any potentials mines through re-balancing of profitable counters and getting my portfolio to be more robust. Once is all done, hopefully I can present my updated counters in later articles...

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