Author: SingularityTruth

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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Dividend Collected (May 2019)

Dividend by Month (Since inception) May is the month where most of my dividends come in. This year is no different although the dividend received is lowered than previous the year. Dividend Collected 2019 Dividend collected for the month of May 2019: $3,881.60 ST ENGINEERING CAPITALAND VICOM SHENG SIONG OXLEYMTNB200518 STARHUB SPH MAPLETREE NAC TR MAPLETREE COM TR FRASERS CPT TR STI has been holding quite well despite the ongoing trading war. The correction was not as bad as I thought it would be. In fact, REITs have been running higher probably due the news that the Fed could...

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Portfolio Allocation (May 2019)

Stock Allocation Change Log Bought FRASERS CENTREPOINT TR Bought ST ENGINEERING As STI continues to trend downwards for the month of May, I took the opportunity to accumulate a few stocks. I bought FCT before XD/XO as I would like to get more new shares for the preferential offering and at the same time get the dividend distribution in advance. There was no particular reason as to why I added ST Eng. It was just at a price I am comfortable to accumulate. This week, I received the letters from both 800 Super for the voluntary cash offer at $0.90, and the...

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Jun 2019 Singapore Savings Bond

Average interest per annual for 1-year and 10-year period Both the 1-Year and 10-Year interest rates are on the downtrend since the start of the year. The global economy growth is expected to slow down due to the ongoing trade war between US and China resulting in the long term interest rate to fall. The market could be volatile in the near term and the risk has also increased. SSBs are now less attractive as compared to the start of year but it is still a good alternative for investment given that it is risk-free. There is an upcoming...

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Dividend Collected (April 2019)

Dividend by Month (Since inception) Dividend Collected 2019 Dividend collected for the month of April 2019: $490.22 TEMASEKB231025 IS USD ASIA BOND IS US ASIA HYG Not much dividend received for the month of April. But this month will be a bumper month as most of the dividends will be coming in. I track dividends on the payout date instead of ex-Date as it is easier to extract the information from CDP website. The trade war between US-China does not seems to be able to reach agreement anytime soon, so the market sentiments are still quite pessimistic. I have...

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April 2019 Portfolio Returns

As of 30th April 2019 Since Inception (Including Dividends)Total Portfolio Unrealized Gain/ Loss: $45,584.08Total Portfolio Realized Gain/ Loss: $69,978.90XIRR: 6.52% Portfolio returns (realized and unrealized) reached an all-time high in April overtaking the high in last January 2018. Sadly, unrealized gains are fleeting and the market has since fallen due to the fear of trade war between US and China.  US has already increased the tariffs on over $200 billions worth of China imports but the market did not fell as much as I have expected. In fact, the SSE was up 3% on Friday after the implementation of...

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Portfolio Allocation (April 2019)

Stock Allocation Change Log Bought FRASERS PROPERTY Sold AIMS APAC REIT The rally continues into April and STI has reached closed to 3,400 points which is around 6% increase for the month and 13% increase for the year. It is harder to enter the market during a rally as most of the stocks would seem overprice. Luckily, I managed to picked up Frasers Property after the news that they acquired PGIM Real Estate AsiaRetail Fund. But this was not the news which caused to the price to rally. The news that really caused Frasers Property to gain attention was...

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New DBS Multiplier. Great Disappointment.

The first thing I check when I woke this morning was the new changes in DBS Multiplier account. It is with great disappointment that it remains status quo, at least for me. I was hoping that DBS Multiplier will up the cap of $50,000 to $75,000 after SDIC increases the amount insured by banks, but that was not the case. In summary, if you do not have transactions in salary + 3 other categories (credit card/ investment/ insurance/ home loan), the new changes do not affect you.  DBS Multiplier interest is now applicable up to $100,000. But the catch...

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My Singapore Savings Bond Portal Review

MAS has recently launched a My Singapore Savings Bond portal where you can check your holdings for SSBs, keep track of your incoming interest and compare interest rates. SingPass is required to access to the portal. Once you login, you will see 3 main sections.My Savings Bonds Upcoming Interest Payments This Month’s Timeline The first section shows an overall summary of your holdings and the breakdown into both Cash and SRS holdings. It will show the total interest payment you will receive if you hold all your holdings to maturity. You will also see the remaining amount which you...

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May 2019 Singapore Savings Bond

Average interest per annual for 1-year and 10-year period For the past few months, interest rates have remain relatively flat as the Fed mentioned that there would not be any rate hikes for the year. As mentioned previously, it is better to put as much money as possible earlier into SSBs if there is no use for them. Do not hesitate or wait for the interest rates to go higher.  SSBs continue to be oversubscribed as it is becoming more popular as a risk-free investment with a relatively higher interest compared to traditional savings account. I am still adding...

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March 2019 Portfolio Performance Review

As of 29th March 2019 Since Inception (Including Dividends)Total Portfolio Unrealized Gain/ Loss: $34,797.75Total Portfolio Realized Gain/ Loss: $69,603.68XIRR: 6.05% Total gain (realized and unrealized) is near all-time high. The highest total gain was achieved back in January 2018. Looking back, the pace of market recovery was swift as my portfolio was still in unrealized lost just  4 months ago. If nothing goes wrong, I am expecting total gain to reach all-time high next month.  STI has increased by almost 10% YTD and it seems like the rally will continue in the short term. The  Brexit deadline has also...

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Dividend Collected March 2019

Dividend Collected for 2019 Dividend collected for the month of March 2019: $816.69MAPLETREE LOG TR KEPPEL DC REIT CAPITAR CHINA TR FAR EAST HTRUST  Dividend Collected to Date Dividend (YTD): $2,757.79Average Monthly Dividend (YTD): $919.26Total Dividend Collected to Date: $77,613.68 Hyflux has terminated the SOA and ended the agreement with SM Investments. The only lifeline for Hyflux has ceased. This is the final nail in coffin and I will be expecting PUB to take over TuasSpring desalination plant at the end of month at $0. Although PUB could be seen as helping Hyflux by removing the money losing asset,...

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March 2019 Portfolio Allocation Update

Stock Allocation No change for the month of March as the stock market continues to stay buoyant. Invert yield curves are backed in limelight and the market did a selloff briefly. It seems that investor are already numb to the news and the market recovers quickly. A inverted yield curve does not means that a recession is imminent. The duration of curve being inverted is also one of the factors for consideration. Even if a recession is coming, there is an average lead time of around 300 days based on past history so it may not be so soon....

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