Author: CoryLogics

Cory Diary : Cruising Mode P5

It has been a month since my last update on my portfolio performance. I am excited to report it because it comes a long way of recovery against STI. More like STI dancing around me. Why ? At this point in time, for STI to catch up there will be few scenarios. One potential is DBS comes backup. With my greater exposure in STI Index plus having WFC, and OCBC. I would be happy it does. The other is O&G recovery. I have no good feel of this industry. The only buy I would seriously consider is Keppel which...

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Cory Diary : Summary of my thought process in investment

Investment to me is fun. I will do a lot of adjustments to my portfolio to get it feel right. Obviously I am in this learning curve process and after more than 15 years there is still a lot to be learn and unlearn. I could be an historian that record my own success or failure, and have it shared. Surely the end goals will be to maintain our wealth and if possible grow them safely to support our family lifestyle.Nevertheless, I do have regular job and my compensation is at different level from my market returns. Hence, the...

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Cory Diary : CAPITALAND MALL TRUST 2Q18 ( CMT )

Have been blogging CMT for some period of time. It is an investment of good cash flow and long term returns. Most of their properties are of high quality. If they are to sell them today, it won’t be at NAV but sizable upward jump due to their unique location as they are tied to the Vines of Singapore. Investor who has vested in this Reit would have appreciate the peace of mind. In fact if the reit registered significant jump of dpu, this would be a cause of worry ironically as there could be negative returns that comes...

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Cory Diary : Financial Literacy

I have a group of ex-secondary school classmates which by chance get to meet again since last year. Since then we have been active in chat group. After more than 30 years, they all look more or less the same. Not sure about others, but there has been attrition, re-join and mia individuals. Surely there will be different in opinions, a little offline gossips and past grudges.There were quite a few who are dead against institutions aka government in the chat group. So whatever PAP do, there is motives. Mistrusts ran high. One of them use to be my...

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Cory Diary : Portfolio Building Plan 2018-0707

What a surprise Property Curbs. This time gives a big blow to the stock market on the day when almost everywhere else market is up and STI recorded -1.99% on 6th July on a cloud of Trade War up day internationally. Looking back since last year on rising interest rate, Bank and Property Counters have very good run. This has become unhealthy to the nation and young people. So timing could not been better despite trade war overhanging the market which our government celebrated with an implosion. The curbs specifically targeted investment homes while keeping the supply of lands...

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Cory Diary : Shopping List 20180701

Successfully secured this month SSB 2.63% result with $12.5k allocated. I hope to hit max again this month. This do not count into my dividend tracker as I deem them as buffer for my property loan support plan. Relative unscathed so far this year with -2% returns. I am pretty aware thing could turn for a worst. Need to buff up my war chest so I will be controlling my equity purchase much tighter and to take profit on any equity much easier on those that is not core holdings. Hot List There is sufficient buffers. I could acquire...

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Cory Diary : In Search of Golden Cross P3

This is continuation on my personal portfolio tracking against STI Index Part 3 (P3). It has becomes a study of how market dynamic changes STI and me. Since I last blogged few weeks on this subject, the broad market has turned for the worst. I was hoping for market rebound and hope to be able to align to the recovery with STI if not better.It appears Singapore economy are more tied to China to Shanghai index with the trade war. On such days, US market can go opposite or has relatively minor retraction whereas Shanghai index could fall like...

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Cory Diary : Portfolio Management 20180619

I have been holding this article for 3 days for the fear of  of my first attempt to time “my escape” when Trump suggested Tariff list. However the market crawl back quickly and I feel wolfed. Will this time be another “fake news” ? Well, Trump up the fight immediately right after China hit back. That’s round 2. With battle started, STI is possibly entering the down trend phase. My portfolio is down and to date performance -1.9% this year whereas STI Index -3%. Looks like it takes a market dive for me to catch up as bank falls...

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Cory Diary : Inflation and Currency

There are 2 things to watch that can manipulate what we think about how much asset we actually have with time. Inflation The typical one is the lack of understanding of Purchasing Power. The typical normal is I have $100,000 today and as long we lose no money in scam, investment, spending etc, 10 years later and is still $100,000, mentally people will be ok. And that will be a big mistake in the current world. In the past 10 years, for the same property, price has doubled. This excludes the possible rental income we can extract from it...

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Cory Diary : In Search of Golden Cross P2

Presented with the opportunity again for the 3rd time this year. I am 1% less in difference from STI this year. Italy Crisis causes the market to dip.  Provided me the 3rd chance.  Did something I never dream of. Here’s what I did. 1. Further expand US stocks 2. Sold off Aims Reit to secure the value 3. Accumulate more bank shares 4. Next, I will probably target STI Index. Why Aims Reit ? Main reason is it did not drops as much as others. My thought is that if the market rebounds for Reits, I have others Reits...

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Cory Diary : Net Worth 20180526

Been some time since last blogged about Net Worth. This has not been my priority list for some time. Out of curiosity I do a quick calculation on the percentage change. Up 2.3% for the first 5 months. That doesn’t seem a lot in percentage term but for a salary man, that is something. Breakdown of my Net Worth is as above. If we are to count Gov Sec, Bond/Pref and Equity, total percentage is 51%. That’s a good improvement since I last tracked them at 44% (link). Deposits/Saving reduced to 20% accordingly. Equity and  Bond/Pref Half the segment...

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Cory Diary : Dividends Mid May ’18

This year is quite challenging for Reits stock price. However for dividend investors, as long the fundamental of such counters are intact and there aren’t major crisis on the horizon, I feel there’s not much action we can do. The coming Singapore bond launch is 2.43% yield provided we keep there for 10 years. So able to get +2%  from our stock investment after capital movement should be quite good. Of course we can potentially hit 3-5% range. Dividends collected so far this year is $17,112 which is about 41% of 2017 full year. Theoretical dividends estimated will be...

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Cory Diary : In Search of Golden Cross

The banking strength in 2017 and 2018 have skewed the stock market quite significantly. But just to get on-board them midway (assuming) is not easy at current high price. The only consolation I have is STI Index so far which capture a fair bit of the banking actions.With reasonable amount I decide to plunge into OCBC which has recently dipped due to “poor” result. Hopefully I did not catch the tailwind of the banking sector. I was proved wrong twice during the first 4 months of the year when STI Index charge ahead against my personal returns every time...

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Cory Diary : Recent Trade Actions 20180507

This year is flat. Hovering around 1% gain currently which is still below STI Index. Strategy wise I am not changing much. Our Banks valuation are rich so is tough for me to enter to close the gap. Few trades I did worth thinking more. Singtel Reduced further with the poor results of associates as I need to manage the risk of over-exposure. And with the coming of TPG, the battle could be tougher. Regional wide telco margin pressure will be a new shift. The main impact is my 2018 dividend. So I hope to come up something to...

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