June was a good month for dividends. I received dividends of $7,427.88, bringing dividends YTD to $11,509.76. Despite bumper dividends received and a fresh contribution of $5,000, the total portfolio dropped to $855,018.41. Return YTD was -8.59%, XIRR YTD was -16.82%, and XIRR since inception was 1.00%.
| Date |
Securities Name |
FCY |
SGD |
| 1-Jun-2020 |
Tencent Holdings Ltd |
112.51 |
20.43 |
| 5-Jun-2020 |
Capitaland Mall Trust |
76.50 |
76.50 |
| 8-Jun-2020 |
Unilever PLC |
58.99 |
103.80 |
| 9-Jun-2020 |
Ping An Insurance |
1,262.85 |
225.17 |
| 10-Jun-2020 |
Hanjaya Mandala Sampoerna |
1,751.22 |
1,751.22 |
| 11-Jun-2020 |
ComfortDelgro |
1,285.47 |
1,285.47 |
| 16-Jun-2020 |
3M Co |
49.65 |
68.83 |
| 18-Jun-2020 |
First REIT |
768.18 |
768.18 |
| 22-Jun-2020 |
Kalbe Farma |
2,105,074.32 |
205.35 |
| 24-Jun-2020 |
Royal Dutch Shell PLC-B |
190.67 |
330.87 |
| 24-Jun-2020 |
China Mobile |
10,687.96 |
1,908.87 |
| 26-Jun-2020 |
Takeda Pharmaceutical |
52,781.00 |
683.20 |
When I reviewed the portfolio, I noticed the underperformance was mainly contributed by stocks or REITS that I considered "safe" and "cheaper" based on conventional valuation metrics such as higher dividend yield and lower price earning ratio. Those stocks that I perceived more "expensive" were the ones that held up better. If there was one thing I learned, I should have weighed more on the quality and...
