Author: CoryLogics

Cory Diary : STI Rebounded 2019 June

STI has been quite volatile. This week it starts rebounding. If one has invested near end of last year, today one would still has nice returns of about 300 points ahead. As we can see from long term resistance support, averaged down more on STI earlier and is now benefiting from the rebound. Recent low is a test of one resolve. The turmoil of the market doing their sum on our thinking. However, being portfolio buffered, this bring calmness for us to try. Everyone waiting for FED now. Trump complained last time and likely more this time as he needs...

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Cory Diary : Asset allocation 2019 Jun

In my plan for retirement, if it happens, there could be draw-down in my net worth. Next question will be how fast. So I decided to do a rough update estimate based on what I have today. Roughly, I could see return generation of 113 K annually. This could be generous on the property. Never mind. Just ignore me on that one. However, to meet short-medium term needs, FCF is more important. Which left me with 51.5K annually after removing Insurance, Property and Pension. And this is assuming I have surrendered my Insurance policy. I still have loan to pay...

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Cory Diary : Value-Add in Trade War

“If he shows up, good, if he doesn’t – in the meantime, we’re taking in billions of dollars a month [in tariffs] from China,” Trump tells “Fox & Friends.” Sounds familiar ? Yup is from President Trump. Interestingly to say it so openly could imply many things … 1. He is threatening President Xi2. He purposely want to make sure President Xi lose face3. He is trying to make sure President Xi won’t attend G204. He is trying to stall the talk purposely5. He is not thinking at all6. He is not interested for trade talk at all. Is all...

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Cory Diary : Market Euphoria on Reits ?

Market today continues to plough into Reits euphoria. This pushes Portfolio to new high. The story seems to continue. However 2 things need to be cautious. G20 and Fed. Hopefully none will break this rising rhythm as I previously mentioned the gap between risk free rates such as SSB and stable returns of strong Reits. This is still hold true so far.With money sitting in cash management account coupled with saving banks, opting to max out SSB is a growing option. But this could slow down my portfolio growth for years to come due to compounding effect. This logic...

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Cory Diary : Bubble Report 2019-0611

Straits Time Index has come down by 5.5% since my last bubble chart report on 5/2. That’s -186 points. So investing in ETF is not that straight forward. Timing helps as previously mentioned.  With the recent correction, I have increased my stake in STI ETF. With corresponding profit taking in some of my REIT counters, ETF is now the largest counter. This can be easily observed from the bubble size. Let’s do a review of the Bubble Chart below. First the bad news. 1. Unlike past bubble chart, there aren’t need t do Axis adjustment to fit higher earning. ( Due...

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Cory Diary : New Heights with Low Risk Portfolio Balance

This is one of the interesting year where we have obvious divergence in the performance of a portfolio high in Reits (~50%) vs STI returns which has fallen to-date to 3.18%. With the much less possibility of Rates increase, the sentiment of Reits have been quite exciting this past week. Clearly staying invested and believing in the positiveness of Reit so far, dividend investors have benefited a lot from the upwards move if we walk the talk. Nevertheless, we need to stay nimble and monitor the market. Trump has stated Mexico Tariffs is off. That’s a relief. As previous mentioned, I moved...

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Cory Diary : Bitching my favorite again

Regulars will know I am a great fan of Malls and do not believe we will have “Amazon Experience” in metropolitan Singapore.  I started investing CMT and FCT only in 2014.  Strong malls like CMT and FCT have relatively lower yields. Six years have passed since GFC before I realised sector in the market that I have greatly misunderstood. Yes, I am a slow learner. However, is better be late than never. Total profit is Strong Five Digits returns today. Why the article today ? Well, CMT has a large spike of 11 cent today hitting $2.57. FCT has a good...

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Cory Diary : Leapfrog your wealth

There are ways to leapfrog our wealth. Coming from below middle income family, and choosing a down-to-earth wife ( hee hee ), marriage do helps but inheritance from our families are out. Neither do our families have business acumen. So I would say today my siblings and we are above middle income. Hey, that’s what makes Singapore incredible isn’t it ? As long we work hard and smart, with a little luck and opportunity, we are contented. As previously blogged, I am a “Value Saver” but I aren’t frugal. I can spurt a dinner that cost few hundreds, and renovation...

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Cory Diary : Mexico tariffs – Cory Performance 2019 May

This can be viewed as a continuation of STI Volatility article here. This update unfortunately faced Mexico Tariffs on the last trading day of the month and we see adverse dip in ST Index. This also marked Sell-in-May and go away complete. Had a few conference calls with my colleagues in preparation for China Tariffs and now have to absorb the impact of Mexico Tariffs.  Trump is keeping my brain busy. We know from day one that there will be some exodus of manufacturing out-of-China however how much and how long it takes still to be determine. This basically boils...

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Cory Diary : Housing Leverage

Just want to share something from my personal experience on housing. Used to own HDB Maisonette years ago and sold it for slightly more than 100K profit only to see it go for another after. As I am often based overseas, decided to acquire a Private home later if I decide to return for good. Here’s my previous thoughts. How my thinking change over time and steps I took. 1. Link on My Home in Year 2014This basically say how I felt about rising property prices is not helping us socially. Rising price. 2. Link on Shrinking and Integrated Property in...

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Cory Diary : Golden Era of Reits

Throughout history when something reaches it’s peak, downhill is the way to go. From Tang Dynasty to Mongol Empire. Roman to British Empire. Even in science, Quote by Isaac Newton: “What goes up must come down.”  So question in our minds …  Have Reits reached it peaks ? The question will be on the questioner on why the question. When it comes, it will come.Till it comes. Meantime …. enjoy our Golden Era. It has been 10 years already since last GFC. Whatever has been gained, easily doubled. Buffer not enough ? Something to cheer your Tuesday....

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Cory Diary : Dividend Report Card 2019-0526

Cory Dividend Report tracks Cumulative and Annual Dividends.  Cumulative (Right Axis) has reached $294,000. With the rate we are going, it will only takes  3 to 4 more years to hit $500K mark and probably another 5 years to accumulate to $1M theoretically. This comes with Dividend Strategy. For Annual Dividend perspective, accumulated $22K in 5 months. This amount only include counter that has ex-dividends in 2019. If my annual salary saving is also $22K, my saving has speed up by 100% by now isn’t it ? That’s the power. However, all this is meaningless if over time which...

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Cory Diary : Dividend Hat

Reits have ex-dividend just recently. And interestingly at today prices, the dividend gap has mostly closed. What ! Since when they becomes a gem… well not exactly like those miraculous speculative counters that spiked more than 20% in a day but if we are to track the trend across multi-years, Reits are like turtle but they will reach and beyond. A few examples on just this year returns for me will be Ascendas Reit closes $2.95 (Xirr 27%), CapitaMall Trust $2.44 (Xirr 11%) and Mapletree Ind Tr $2.10 (Xirr 10%). Instead of going lower, many Reits have went up...

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Cory Diary : Volatile STI

Volatility The picture has changed so much for STI. Banks were hammered down. In addition to the Trade War the new concern is the virtual bank licensing. The Reits / Trusts generally do much better that even the weaker ones make the Banks look bad. I did a bottom fishing on STI ETF to support the gap in performance between the ETF and me. However, it seems STI ETF still has some distance to go further down as the next tariffs of US$300 B is going to be major. Companies should be making preparation for this as this could hit...

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Cory Diary : Net Worth 20190519

Last previous blog here.  The key change after 3.5 months are my Net Property Asset. Definition is the value of my property minus outstanding loan. This is then added to my Net Worth. The way to obtain value of my property is to access URA website for recent transacted values in $psf. And then do a conservative estimate of what my property value be if I have to sell it today. Other changes includes increase in Singapore Saving Bond holdings (SSB) and increase in equity valuation due to capital gains. Both % figures hold well but SSB still reduces slightly...

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