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SRS Portfolio Update – March 2020
By Mr. IPO  •  March 22, 2020
I probably got complacent with the virus . . . in the sense that i saw it coming and could have done something to my portfolio but I didn't, resulting in Frasers Commercial Trust and some SGD bond position turning from a profit into a loss position. For the bonds positions, i am not too worried as the bonds are of investment grade and i will get back my principal at maturity. 
One of wifey's position in Aspial Bonds paying 5.3% will be redeemed in April 2020 after 4 years. I first wrote about the bonds here and luckily it wasn't an Hyflux situation. I will probably avoid such bonds going forward.
Massive sell down in markets due to margin calls
The banks have been very generous with providing leverage over the last few years and the last 3 weeks have been a "wake up call" for many of the clients who realised that...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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