Author: CoryLogics

Cory Diary : Trades – 2019-0920

First time staying late like 30 mins (2.30 am) to watch FED Announcement this week and learned something called a dot plot. Find it interesting but don’t call me a dinosaur as I learned that it is getting less relevant today. The market is very big with different interest groups. Personally to me is the required right step to meet broader market expectation and do a cut though how market perceive them later is another matter. A hike would certainly put the market to a major downward spin. A neutral will be bad on trade front as everyone is cutting rates. This lead...

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Cory Diary : Cory Portfolio Re-balance – aftermath of MNACT sale

Cory Portfolio Re-balance Mapletree NACT is one of Cory Striker and Dividend producer. One of Cory Core position in the portfolio. However the Black Swan event in Hong Kong provides some jittery to Cory fragile heart. After a black eye, decided to release it for better nights and securing profits. The pain is felt as not only Cory needs to look for growth compensation but also dividend support. At the same time to mitigate the risk. To cover the gap, four new / add positions are made. Namely, Sph Reit – Average Dividends StabilityiReit Global – Strong Yield with...

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Cory Diary : Asset Allocation Review 2019-0913

The Asset grows about 1.6% from a month ago. Last reviewed asset allocation – here. This is an update with recent changes. Incorporated some feedback from fellow investors and did some adjustments.Now my Asset is a more effective team !  Saving segment % wise has come down despite moving dividends to it. Equity seen larger percentage increases due to growing portfolio from returns and some cash injection. MMF no longer grouped here. Fixed Deposits increased markedly from more placements and with MMF addition as it is earning reasonable...

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Cory Diary : All Time High !

6th Sept 2019 is a bit special in the morning hours. Cory Portfolio reached an All Time high (ATH) profits of $164 k when just recently, reported returns of $145 k. Another 12.8% gain. This is the result of a few key stocks reaching all time high (ATH) as well. Before we start congratulating, as soon portfolio hits ATH, the market turns for the worst and ended up lower than it started …. sian … …. With funds still available, I am browsing through 5 stocks of interests in which 3 has hit ATH that day. The other two I...

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Cory Diary : Retail Investor Returns for 2019

The local SGX market as mentioned previously has been dynamic swings. If we have invested in just STI Index, we would probably next to zero returns excluding dividends for 2019. However, what about a community of local keen investors do in this market so far ? Here’s the survey result for Retailer Investors from keen group of stock investors. Below is how the survey is framed. The distribution is really interesting because of the extreme ends of the returns have much higher votes. Is not like the normal distribution we often see where we have the mountain shaped or maybe...

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Cory Diary : Dividends Shortfall

For those who miss my Aug Performance Report. Here you are. Cory Portfolio Resilience With the recent sales of Singtel and Mapletree NAC Tr, estimated dividends by year end will be around $46k. This means potentially Cory Equity Portfolio may collect slightly lesser than Year 2018 despite bull year for my portfolio. Alamak ! Without saying it will be some distance from 50k target….. sigh ! Portfolio yield is at 4.6%. This is mainly due to STI ETF and Bonds/ Preference shares holding the values down which has seen significant expansion as I try to lock my happy returns to safer...

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Cory Diary : Portfolio Resilience August Report

STI Index has major roller coaster rides this year. The most recent one is just this month when it erases all it this year winning and then creep back up a little to end at +1.23% YTD. After dividends, probably +4% range. How did Cory Portfolio performs ? If we are to use the relative perform chart against STI, End Jun report is Here and Early Aug in Here. Iran conflict did not happen. I was trying to secure the widened gap. Let’s look how it goes. Year-to-Date Dividends collected: $34,607Realised Profit: $83.067 including dividendsUnrealised Profit: $62,513Total Profit: $145,719  Cory Portfolio  :...

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Cory Diary : Trades – 2019-0829

Early morning today, dear wife lined me …. “Armoured cars rolling into Hong Kong” which kind of shocked me as I find this possibility remote. But after reading in detail, it was a “Routine” so to speak. We both agree …. is more of trying to intimidate. However, this is enough.  Decided to clear my Mapletree NAC Tr which registered two years of dividends. Could have been three years have it not the riots. We can’t win it all can we ? This sale is quite painful because it has hit 6% yield. Decided SPH Reit despite 5% yield is the...

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Cory Diary : How far can capital appreciation go for yield stocks ?

Take a peek in latest chart … link.In case link broken in the future …. here’s the chart which show an excellent chart on forward dividend yield. Using Indonesia, Singapore has 47% capital appreciation to go. 38% using Japan yield as a reference. In a market of overflowing cash, ever lowering yield is way to go. Of-course this is still dependent on which stock we choose as the data is broad average. Some companies can still perform major screw-up. Will you be net buyer today ? Reits hold very well so far in the...

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Cory Diary : A War that shouldn’t have started …

Trump twittered to increase taxes to 15% on $300B and remaining … etc. This is in response to Chinese PRC increase tariffs on American products. Frankly, the import of American goods to China is far lesser than China exports. Any increase in tariffs now is like whipping a dead horse after several rounds of retaliations. In all it’s purpose, China latest response is for local consumption mainly FACE and probably upholding President Xi power base. Unfortunately, President Trump aren’t the type who can lose face either. Furthermore this help America interests and his voting base to provide reason to...

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Cory Diary : Ever lowering Yield Reality

To Cory, every lowering yield has been a key phenomenon for decades as i blogged earlier. Looks at this chart 1. Federal Fund Rate has been going on since 1980s. That’s almost 40 years of trend. Recessions precipitates whenever there is locality inflation (not shown in chart). Chart 1 : FFR, Treasury Yield and SP500 Let’s look at another interesting chart 2. What happen with increasing effective federal fund rate. We probably have yields inversion. Chart 2: Effective FFR and Treasury Yields From read above, Interest rate is closely tied to managing inflation. With increasing rate, there is potential...

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Cory Diary : Dividend Report 2019 August

Cory Equity Dividend 2019 YTD $34,563. This push my total dividends collected to $307,013. Within 5 years total Dividends collected has doubled. This is the strength of compounding while optimizing my asset. Hitting 2019 Annual Dividends $50 k seems not so far a stretch now. Which is more than my normal annual saving from salary income.  For those who are interested, STI Index currently is in one of their lows in my personal opinion. It can go lower but that’s the chance we have to take in life, Calculated Risk. Cory...

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Cory Diary : Asset Allocation Review 2019-0810

Seems like it has been a while since last reviewed my asset allocations. Not that I do not like. I always have the curiosity on how they goes and prefer to check on them more often than not as I am a slow learner. Usually I will do a quick round of updates across my accounts and have them reflected. Thanks to excel, this is all done in minutes. In this update, the computation is a lot more simple on a more conservative side of perspective angle. Saving allocation has been reduced to 10% but I think it can be further...

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Cory Diary : Trades – 2019-0809

I have been looking further into banks but find it not easy to buy more considering the interests rates are being talked down. Getting more Reits are a bit tricky. CMT and FCOT do have some lows past few weeks period but I do not have a chance to investigate further with my recent hospitalization. CMT yield is quite low so my keenness is limited and happy with what I have currently. Buying high yield with weak fundamental is risky. I rather leave my cash alone. They aren’t the same league as Ascendas, Frasers, Mapletree or Capitaland breeds … STI Index...

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Cory Diary : laparoscopic cholecystectomy

If anyone wondering what the hell it is, I went for ER more than a week ago and end up for laparoscopic cholecystectomy surgery on the same day. Basically to remove my gall bladder and to solve other complication. I would say this is one of the unpleasant surprises I have this year. Mood swing from positive to delight to negative to very negative …. and then mood came back positive day by day … all within the span of one week. Sounds like stock market huh ? My wife needs to cheer me up during this period. Think I...

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