Author: Finance Smiths

Jan 2018 Net Worth Update

I decided to add our StocksCafe portfolio back onto the blog. After all, I’m now a paid subscriber and I might as well display it as a monitoring tool for myself too. Anyway, I added in several USX transactions to simulate the StashAway and Smartly robo-advisor accounts investments in US-listed ETFs. They are not going to be accurate in terms of average purchase prices and number of units since I’m only entering them in at the end of each month to approximate the accounts values. The useful part about having these US-listed ETFs on our StocksCafe portfolio is that I can better track the...

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Locking in gains and increasing cash holdings

I sold out of my positions in Sembcorp Industries (SGX: U96), Nikko AM STI ETF (SGX: G3B), Phillip APAC REIT ETF (SGX: BYJ) and Nikko AM REIT ETF (SGX: CFA) today. Main reason was to lock in my gains from the recent bull run and increase my cash holdings. But I kept my monthly Dollar-Cost Averaging (DCA) amounts of S$1,300 in the STI and REIT ETFs. As well as the weekly funds transfers of S$300 into the robo-advisor accounts. Just in case we go on another bull run in 2018 and somehow end the year higher than where we...

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Investments for Jan 2018

Automated Investing for Jan 2018 Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 27 units of SPDR STI ETF (SGX: ES3) at S$3.55 per unit on 8 Jan 2018 Buy 25 units of Nikko AM STI ETF (SGX: G3B) at S$3.58 per unit on 8 Jan 2018 Buy 86 units of Lion Phillip S REIT ETF (SGX: CLR) at S$1.082 per unit on 8 Jan 2018 Buy 67 units of Philip APAC REIT ETF (SGX: BYJ) at S$1.397 per unit on 8 Jan 2018 Buy 83 units of Nikko AM REIT ETF (SGX: CFA) at S$1.164 per unit on 8...

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Rebaselining DCA

I was corresponding with a reader over Facebook when I got asked this good question. Should he lower his monthly Dollar-Cost Averaging (DCA) investment amount for now given the current high pricing levels of the equity markets and subsequently increase it when the prices come down? My advice was that it’s a good idea since that keeps you vested in the equity markets but doesn’t raise your average purchase price as quickly while allowing you to lower it more efficiently. That’s when I realized I have been doing the opposite of my advice. In my effort to utilize more of my cash holdings,...

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Big sell transaction in Jan 2018

I got really lucky with this exit position. I have been noticing a strong upward price action on SembCorp Marine (SGX: S51) for a few days now. And it seems to be related to an upgrade to a “buy” rating by Nomura and market speculation that it might be privatized. Honestly, I was happy for the share price to finally climb above my average purchase price. This is one of my Big 4 individual stock positions with heavy unrealized losses. It was my first individual stock buy since returning to Singapore prior to the oil crisis and significant decline in...

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Why I like to wait and see

It’s the weekend again! Plans involve going for a friend’s barbeque to catch up with friends on Sat and celebrating our total asset achievement with a nice lunch on Sun. While waiting for my wife to finish her drinks session with colleagues, I might as well squeeze in a post now. By the way, I hope you tennis fans are watching the Australian Open 2018 because I’m looking forward to finally seeing some live matches on TV this weekend. I haven’t been able to do that on weekdays since most of the matches are over by the time I get back...

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Significance of capital injections

I checked my wife’s Central Provident Fund (CPF) balances today and found out that her contributions from last month’s annual performance bonus and this month’s salary have been credited. It’s a pleasant surprise because I was expecting the crediting to only happen next week. As I load the net worth Google Sheet on my phone to key in the updated figures, I know this is an important moment. For the first time in our lives, the total assets (cash, investments and retirement funds) sum to more than S$1 million. I don’t count us as having joined the double comma club...

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De-risking during good times

With the opening of the Downtown Line 3 last year in Oct 2017, I have noticed that my train journeys on the EastWest Line from the East to the city office area on weekday mornings have become less unpleasant. The trains are less packed and I can usually get into the first train that arrives. I wasn’t sure whether this was due to lower commuter traffic from office workers being on leave so I didn’t want to get my hopes up. But it seems like the situation on the EastWest Line has improved and I find myself less agitated...

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CPF Interest and Contributions

  It’s a rest day for me today. We went out the entire day yesterday and had a dinner gathering at our friend’s place. Enjoyed the home-cooked dinner, wine and the board game we played together after that. It was different from the usual board games we played where we competed against each other to be the winner. This time round, we had to cooperate to defeat the game itself and it was fun working together for a change. Anyway, it’s pay day tomorrow and I’m relieved that my bank account balance will get topped up. I just paid...

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Contributing to be Friend of StocksCafe

Just another sharing post on supporting the local personal finance community. I have been a long time user of StocksCafe and have been diligently inputting my SGX transactions and checking the dividends information. Recently, I realized that there was now a cap on the number of transactions I can put through. And I realized that StocksCafe has now moved to a subscription model where the Basic User (Free) only has limited access to the features in StocksCafe but a Friend of StocksCafe has full access to the features. Last week, I started a monthly contribution of US$2 to Dawn (Sg Budget...

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Another sell transaction in Jan 2018

This is a continuation of my efforts to restructure and simplify my portfolio. As I start my Maybank Monthly Investment Plan into a few REIT ETFs from today, I have decided to sell my last profitable individual REIT holdings – Starhill Global REIT (SGX: P40U). Sale Proceeds: S$610 Profit Amt: S$20 Profit %: 3.28% I’m now stuck with a number of individual stock positions in losses of varying degree. The worst ones are in the Telecommunications, Oil & Gas and Media industries i.e. M1, Starhub, SembCorp Marine, SembCorp Industries and SPH. The unrealised losses add up to about S$12,000, which is...

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Sell transaction Jan 2018

Just a quick update here. After setting up our robo-advisor accounts and standing instructions to transfer funds into them weekly, I started to realise it was pointless maintaining a separate portfolio of 6 x Vanguard LSE-listed ETFs on our Stan Chart Online Equity Trading Platform. A reader pointed this out to me a while ago about incurring high transactions costs when it comes to buying and selling these Vanguard LSE-listed ETFs. Plus they overlap with each other and our robo-advisor accounts. I took advantage of the recent run-up in equity markets to sell all of our small 6 x...

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Showing my support in a small way

I have always been a fan of the SG Finance Bloggers Community. We come from different backgrounds, work in various industries or self-employed and write about all sorts of personal finance topics. I enjoy reading their posts and believe in what we are doing – educating ourselves, each other and the public with the knowledge we have gained from our failures and successes. It takes effort to maintain a personal finance website and I appreciate the time taken to prepare for & write those articles. I have closely followed 2 female finance bloggers for a while now – Dawn from...

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Dec 2017 Net Worth Update and Wrap Up

This is my last net worth update for the year 2017 in Dec. Just updated the figures in our Net Worth Google Sheet and we now officially have 2 years worth of accurate data to look back on starting from Dec 2015. Yearly patterns in behaviour when it comes to our expenses, savings, investments and retirement funds are starting to emerge. The data tracking for the past 2 years has been beneficial and I would most likely continue with it. However, I have to say it takes a long time for daily and weekly actions to take effect. There are...

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Investments for Dec 2017

Automated Investing for Dec 2017 Maybank Kim Eng Monthly Investment Plan (Maybank KE MIP) Buy 28 units of SPDR STI ETF (SGX: ES3) at S$3.467 per unit on 8 Dec 2017 Buy 85 units of Nikko AM REIT ETF (SGX: CFA) at S$1.139 per unit on 8 Dec 2017 Transaction costs of S$2 POSB Invest-Saver Buy 27 units of Nikko AM STI ETF (SGX: G3B) at S$3.55 per unit on 18 Dec 2017 Buy 85 units of ABF SG Bond ETF (SGX: A35) at S$1.17 per unit on 18 Dec 2017 Transaction cost of S$1.50 OCBC Blue Chip Investment Plan Buy 423 units of...

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