Author: SingularityTruth

October 2019 Singapore Savings Bond

Average interest per annual for 1-year and 10-year period Other Issues of SSBs Compared to Oct 2019  Issue Oct 2019 Issue Application Closes: 9.00pm, 25 Sep 2019Details on this month SSB can be found on SGS website. The interest rates continue to slide and the 10-year interest has fallen to a low of 1.75%. This is one of the lowest rate since the introduction of Singapore Saving Bonds. The interest rate is at the same low back in Sep 2016. The Fed has since cut the interest by another 25 basis points and it would be expected that the next...

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Portfolio Performance (August 2019)

Portfolio Returns As of 30th August 2019 Since Inception (Including Dividends) Total Portfolio Unrealized Gain/ Loss: $$51,076.69 Total Portfolio Realized Gain/ Loss: $$95,668.09  XIRR: 7.52% Portfolio Value Portfolio Value (excluding Cash and SSBs) The trade war tension has eased and the Hong Kong protest is seeing less violence this week. Instead of gathering near police station and challenging the police, people are gathering at shopping malls singing the ‘Glory to Hong Kong’ song which went viral. It has became an anthem for the movement.  No bad news is good news for the market. STI has also recovered back above...

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Dividend Collected (August 2019)

Dividend Collected 2019 Dividend collected for the month of August 2019: $2,121.37SINGTEL VICOM SHENG SIONG MAPLETREE NAC TR KEPPEL DC REIT ASPIALTREA200828 MAPLETREE COM TR FRASERS CPT TR STARHUB Dividend Collected to Date Dividend (YTD): $11,387.20 Average Monthly Dividend (YTD): $1,423.40 Total Dividend Collected to Date: $86,243.09 Dividend by Month (Since inception) This week, we see Frasers Centrepoint Trust joining FTSE EPRA/NAREIT Global Developed Index, and Mapletree Commercial Trust replacing Hutchison Port Holdings Trust in STI. This would increase exposure and provide some price support for the stocks. Glad that both are part of my portfolio. The market gained back...

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Portfolio Allocation (August 2019)

Stock Allocation Change Log Bought UOB Bought DBS Bought OCBC BANK Applied CAPITAR CHINA TR with excess Portfolio Allocation Due to the escalation in trade war and rates cut, STI has retreated in August and I took the opportunity to do some accumulation. The banking sector caught my attention and I manage to add all three banks this month. I have always wanted to add the banks but I think they were slightly overvalued. The Financial sector now takes up around 6% of my portfolio. I am prepared to average down further should the trade war escalates or the...

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September 2019 Singapore Savings Bond

Average interest per annual for 1-year and 10-year period Other Issues of SSBs Compared to Sep 2019  Issue Sep 2019 Issue Application Closes: 9.00pm, 27 Aug 2019Details on this month SSB can be found on SGS website. The interest rates for SSBs continue to fall in August after the Fed cuts the interest rate by 25 basis points end-July. The cut would help to stimulate the slowing economy. It is still unclear whether the Fed will continue to further cut rates moving forward but it seems that SSBs rates will continue to fall. I did not subscribe to any SSBs as...

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Portfolio Performance (July 2019)

Portfolio Return As of 31st July 2019 Since Inception (Including Dividends) Total Portfolio Unrealized Gain/ Loss: $48,592.62 Total Portfolio Realized Gain/ Loss: $93,546.72  XIRR: 7.44% Portfolio Value Portfolio Value (excluding Cash and SSBs) Due to the offer for 800 Super, some of the unrealized gain was realized. This also resulted in a drop in portfolio value.Total gains only managed to increase slightly for the month of July. The STI has since started to retract and is now close to the levels back in May. The market does not look so optimistic moving forward. I have started to queue for...

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Dividend Collected (July 2019)

Dividend by Month (Since inception) Dividend Collected 2019 Dividend collected for the month of July 2019: $171.81FRASERS CPT TR Dividend Collected to Date Dividend (YTD): $9,265.83 Average Monthly Dividend (YTD): $1,323.69 Total Dividend Collected to Date: $84,121.72 Just a short update. As expected, July is a month with low dividend income, with Fraser CentrePoint Trust the only one received. STI has started to pullback and there should be opportunities to accumulate this...

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Portfolio Allocation (July 2019)

Stock Allocation Change Log Accepted 800 SUPER offer Bought SYSMA Portfolio Allocation Finally received the payout from 800 Super which means I had officially exited the position. The payout was delayed and I only received on 15 July as my holding is with a custodian and not in CDP. If my holding is in CDP, I would have received the payout in end June. That is one of the cons of using a custodian brokerage. As there was a large withdrawal from the portfolio, I tried to do some capital injection but the market is still buoyant and most...

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August 2019 Singapore Savings Bond

Average interest per annual for 1-year and 10-year period The interest rates for the month of August fell off the cliff as the 1-Year interest fell to 1.68% and 10-Year interest to 2.01%. This is the lowest 10-Year interest rate we have since December 2016. It seems like the long term outlook of the global economy is really not so optimistic. Note that this is the SSB rates when the Fed held their interest rates. If the Fed is going to reduce the rates later this month, imagine how much the SSBs interest rate could go further down. This...

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Portfolio Performance (June 2019)

Portfolio Return As of 28th June 2019 Since Inception (Including Dividends) Total Portfolio Unrealized Gain/ Loss: $63,577.37 Total Portfolio Realized Gain/ Loss: $75,824.91  XIRR: 7.67% Portfolio Value Portfolio Value (excluding Cash and SSBs) Unrealized gain spiked up in June due to the strong rally in REITs, resulting in total gains to reach an all-time high. The US markets have also reached an all-time high as markets are currently driven higher by the news that interest rates will be cut in end-July. This is a little counter-intuitive as rates cut is a sign of weaker economy. A weaker economy which...

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Dividend Collected (June 2019)

Dividend by Month (Since inception) Dividend Collected 2019 Dividend collected for the month of June 2019: $1,964.41NETLINK NBN TR THAIBEV F & N FRASERS PROPERTY FAR EAST HTRUST MAPLETREE LOG TR ASTREAIVB280614 OCBC BANK FRASERS L&I TR Dividend Collected to Date Dividend (YTD): $9,094.02 Average Monthly Dividend (YTD): $1,515.67 Total Dividend Collected to Date: $83,949.91 June was another bumper month for dividend collection, especially from REITs. The dividend collected in June this year was the highest compared to previous years. Based on previous records, July will be a low month with little dividends coming in.  Funds continue to flow...

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Portfolio Allocation (June 2019)

Stock Allocation Change Log Accepted FRASERS CENTREPOINT TR NRO with excess Bought ASTREAVB290620 After a month of falling in May, STI staged a strong rebound in June. Instead of selling in May and go away, I did my accumulation in May, and so far the results have been very positive. As the market is on the high side, I did not add any new purchases in June and just applied for FCT preferential offering and Astrea V as planned.  For FCT, I was allocated 1000 shares in excess excluding entitlement and rounding shares. The allocation was satisfactory although I...

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July 2019 Singapore Savings Bond

Average interest per annual for 1-year and 10-year period The Fed has decided to hold the interest rates steady for now but hints that rates would be cut if the trade wars continue to affect the economic growth. This resulted in the market to rally. The interest rates for July’s SSB has also improved slightly compared to the previous issue but is likely to remain flat in the near term. I will probably be moving some of my warchest cash holding into SSBs as I do not expect to deploy them anytime soon.  Other Issues of SSBs Compared to...

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Portfolio Performance (May 2019)

Portfolio Return As of 31st May 2019 Since Inception (Including Dividends)Total Portfolio Unrealized Gain/ Loss: $$42,168.44Total Portfolio Realized Gain/ Loss: $$73,860.50XIRR: 6.42%Late in posting this as I did a post on Astrea V first.  Portfolio return remains flat for the month of May as the incoming dividends covered the unrealised lost from portfolio. The performance was much better than expected given that the trade war is ongoing. This shows the importance of having a regular income from dividend to support the fluctuations in the market. Portfolio value has also increased to around $450,000 due to capital injections. Separately, 800...

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Astrea V Class A-1 PE Bond

Astrea V Class A-1 PE Bond Summary S$180 millions offered to retail investors 38 PE funds consisting of 382 companies 3.85% per annual (semi-annual interest payment) Mandatory Call date 20 June 2024 (5 Years) Maturity 20 June 2029 (10 Years) Closing date: 18 June 2019 12:00 NOON Minimum application of $2,000 in multiples of $1,000 Link to Prospectus The Astrea V PE Bond is the most talked about investment product this month. I have already planned to apply for it as mentioned in my previous few post, and I did applied for Astrea IV last year. Without any doubt, I will be...

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