Author: CoryLogics

Cory Diary : Wake-up Call – Performance Mid-Nov’19

When China mentioned that they are close to a trade deal, this send a shocker to the market used to flip-flop sending investors to good safe haven equities of good dividend returns. A strong recipe for good quality REITs locally. The good news send a little cooling of sizable reduction in share prices not seen for some period of time on surprisingly strong quality counters. Is market...

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Cory Diary : Ascendas Reit gets even better with Rights !

Ascendas Reit This Reit comes into Cory portfolio pretty late. In the initial positions in 2017 there were quite a number of trading activities. Make some kopi money.  Investment only get significant in 2018 which interestingly registered a net loss position by year end. Today, Ascendas Reit is Cory largest position after STI ETF. So one may ask why so late in the game on this one. The key reason is Ascendas is expensive relative to itself. The chart is ever growing so stock price continues to climb year after year. So Cory keep postponing and finally one day...

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Cory Diary : Equity Allocation Nov’19 Report

Just about a week ago Cory documented an early exam report card thinking the score will go down this week but he didn’t. If you miss his Diary on Oct Performance. Must visit.  ( link ). Is good to be wrong for this case isn’t it ? Again a good problem to have. And then he wrote another piece of work on How to make money ….. (No Scam okay … here’s the link ). This piece of Diary is Classic...

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Cory Diary : Making money work for you

Most people work on salaried income. Spend like 9 hours or even 15 hours a day.  And If you are in this mode of life and trying to get out from this rat race, there is limited options. One of the popular option is to join the long queue with aunties and uncles and hope to strike TOTO. This seems to be harder than kenna strike by lightning but many aren’t deterred by it. Cory sometimes go buy when he is down in morale … but halfhearted. So even harder to strike. LOL Uncle Cory thinks he should work...

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Cory Diary : Performance Oct’19

Oei ! Too early lah. Still got a week leh. What’s the hurry uncle ? Next week uncle no feel good leh. Don’t be so rigid can ? ( Uncle Cory cheated the time to report good result cannot meh….  ) Seriously why today ? … All Time High ( ATH ) lah. Next week not sure can maintain or not. I don’t want to miss the mountain … so report first. Shiok right. Lucky Cory Portfolio is not listed...

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Cory Diary : Telegram Craze

Have been trying out new channel of investment sharing. As above is called Telegram. For what it matters, it functions similar like an apps chat hosted by Telegram. You will need mobile number to register. The advantage therefore we can have hundreds of people in the chat group. There are many different groups for different interests. Manage to get myself into a few Singapore investment groups. I have seen Foods, Jobs, …. but don’t get yourself into trouble like Nasi Lemak Group which were in the News recently for spreading pornographic materials. For the political savvy, there is one...

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Cory Diary : Asset Allocation Review 2019-1014

A month past since I last reviewed my asset allocation. Time really flies.  YTD Asset increased by 21% thanks to equity market in-addition to regular salary income. Manage to consolidate some of my cash to Fixed Deposits which provide quite good 1.4% returns to my surprise. I have been neglecting them …. . With reduced Cash level at 3.8% of Net Worth (see chart) this is probably the minimum I would go for now. There is some timing involves to support Housing Loan payments with added buffers of-course for emergency needs.  With Saving amount hits absolute base line level needs, near and...

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Cory Diary : Why Dividend Investing is so “Exciting”

Remember in my younger days, RM will furnish us with the idea that investment  today, 10 years later sure Huat with annual 10% based on past 10 years track record. And they will show you the charts on why so. What they didn’t tell you is not in the contract is not guaranteed and  the other is that they won’t be around few years later to service you or you are’t around anymore to bother (touch-wood). The key is don’t sell in short term. Probably high sales charge or they will still be around and need to answer to you....

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Cory Diary : Reits Investment Logics

When Recession comes, most investments will be affected. This applies to Correction as well.Interestingly, this are one of the best time to buy. The question is what stock to buy and will we buy ? In the last recession, Reit stocks price like many other non-reit investments are badly hit. STI Index reflects the poor situation too. If we are to use today thinking, and understand how the mechanics of how Reits work, one would wonder how can things can go so bad in stock prices. Basically, Cash or the lack of it as everyone “Hides” them when is...

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Cory Diary : Is all in Our Minds – Trading

There are many times I am asked to take profits. Reason being people has the conception that cash is the safe harbor. A rest point before we venture out again. This mindset is not wrong when one trades for a living especially speculative short trade. Post today is I hope to share how Cory thinks from another perspective. Often we hear people make so and so $Xx,xxx but then lose it all or worst in negative. The angle I do is to treat profit earned as part of base capital in every new year. Let’s say I started with $500k...

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Cory Diary : Reits Comparison

Often we have a list of Reits in our radar. The more savvy one may probably just choose one. To mitigate risk, I tend to have them with different proportions. The question will be how do we apportion them.  Here today I have 4 of them to think about. Namely, Ascendas Reit,  Mapletree Ind Trust, Frasers Com Trust & iReit Global.  As usual my investment decision is agar-agar. They are all quality reits in my opinion. There are few key notes in my head. Singapore is near recession whereas US market are still relatively strong.  AR has weakening AUD earning – Australia exposure....

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Cory Diary: Importance of staying invested 2019-1005

Importance of staying invested to beat inflation is a psychological battle after GFC 2008. People tend to wait for the next major crisis or at least a correction. This is especially so when we have many headline news or risks and worries.  While the concept is possible in theory, the timing or execution is not easy reason being because of the opportunity costs. Reits yield over the years have climbs down from double digits to 5% range. However, the cumulative capital gains and dividends are of considerable size. (See table) Chart : Profits of Portfolio in Equity + SGX Traded Bonds +...

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Cory Diary : Expenses 2019

This year is quite special …. I have a lot of one-off items …for example baby expenses. However we know that to bring a baby to adult, there is probably a string of one-off expenses over many years. Maybe “amortization” probably is a fairer way to deal with it. We need to recognize it as regular cost of business !  There are many other one-off items such as Renovation, Alter, Cremation Niches, Medical Surgery, Hospitalization, Medical checks, Confinement  … this are debatable. Nevertheless they can be big ticket items or summation in total. Ignore them at your perils. And we have...

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Cory Diary : Portfolio Sector Allocation Report

Has been away for a week long family holiday …. ( Fretting ). Expenses are like shooting star right now. Original plan today is to write something on expenses but 10/1 come up and probably is more exciting to update how is Cory Portfolio so far first. Cory Top 7 Equity Investments 1. STI ETF 2. Ascendas Reit 3. Frasers Bond 4. Frasers Com Trust 5. Ascendas-h Trust 7. Mapletree Ind Trust Cory Portfolio has Bond/Pref to calm his porcelain heart. He can’t take much stress. The index do their numbers too which totaled with Fixed investment hits 33.7% allocation. To...

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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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