Alright so let’s do this. Quite a few changes made this month.
|Name||Bought price||Current Price||Market Value||Gain/Loss (SGD)|
|Temasek 3.625%||102.2||118.913||USD $297,000||59,331|
|Commerzbank 7% perpetual||106.85||100.044||USD $200,000||-19,329|
|HSBC 5% perpetual||104.4||100.1||SGD $250,500||-10,750|
|Pimco Income Fund 4%||10.08||9.89||SGD $216,000||– 4,147|
|Lifelong Income Whole life plan||–||–||SGD $220,000||–|
I have sold my Credit Suisse bond at 99.5. Together with the coupons I received so far, made a loss of about $4,500 for holding 8 months. I think this is acceptable given how bad prices were, and the gloomy outlook for banks. While I don’t think the banks will collapse, it makes sense for me to lower my risks. I’ve redeployed the cash into a lifelong income plan, as detailed here.
Prices of all my bonds improved, and the leveraged portfolio is now positive, with a $25,000 gain. It doesn’t count the coupons, which should be about $40,000 or 10% of my initial capital. I’m projected to have total returns of around $60,000 from this portfolio.