Portfolio Update June 2022

Today marks the last day of the first half of year 2022.

It is time to review my investment portfolios.

The stock markets have rebounded and retraced after months of volatility and uncertainty under the immense noises engulfing Fed tapering, interest rates hikes, inflation fears, recession fears, Omicron variant fears, rise of US Treasury yields, Ukraine war, poor company quarterly results and so on.

Whether it will stay as a new bull uptrend or merely just a fake breakout remains uncertain. Nevertheless, time in the market always beats timing the market. Every market tank leads to a rebound, stronger than ever before.

Based on history, the S&P 500 and Dow Jones Index will always and only goes up. High quality S-Reits will always consistently pay increasing dividends regardless of interest rates.

I remain invested and continue to hunt for income-producing assets and growth businesses in the coming few weeks, for the long-term. However, as cash performs well and could potentially yield more than 3% risk free, I will be extremely careful in deploying my funds and would demand much higher yield of more than 5.5% for Reits especially. 

My SGX Income Portfolio value dips to $268.9k from $271.4k last month mainly due to the continued weakness of S-Reits to reflect the higher interest rates which could erode into the net property income and thereby dividends payout.

My US/HK Growth Portfolio value drops to US$16.8k from US$17.5k last month due to the prolonged weakness and correction of US growth stocks.

My SRS Ultra Long-Term Portfolio value increases to $115.4k from $118.6k mainly due to weakening of OCBC and Keppel DC Reit share price.

Portfolio Actions

1. Assigned 100 shares of Palantir Technology Inc. at $20 from a PLTR220819 put option with $20 strike price on Moomoo.

2. Sold 1 unit of Palantir Technology Inc, PLTR220701 put option with $10 strike price at US$0.14.

3. Bought 0.042 share of Tesla, Inc. at $657.92 on Syfe Trade.

Portfolio Dividends

1. Received $127 of dividends from Savings Bonds on 1 Jun.

2. Received $565.40 of dividends from Mapletree Com Trust on 3 Jun.

3. Received $188 of dividends from ST Eng on 7 Jun in SRS.

4. Received $128.50 of dividends from Netlink Trust on 10 Jun.

5. Received $283 of dividends as 109 shares from Mapletree Industrial Trust on 15 Jun.

6. Received $693 of dividends from Frasers L&C Trust on 17 Jun.

7. Received $226.80 of dividends from Mapletree Log Trust on 21 Jun.

8. Received $755.20 of dividends from Aims Apac Reit on 24 Jun.

9. Received $168.48 of dividends from Far East Orchard on 28 Jun.

SGX Income Portfolio

Portfolio Value = $268.9k

US/HK Growth Portfolio

Moomoo

Tiger Broker

Syfe Trade

Total Portfolio Value = US$16.8k

SRS Ultra Long-Term Portfolio

Thank you for reading. As always, stay focused and invest safe.

With love & peace, 

Qiongster

Passive Income in Q2 and 1H 2022

 

In the second quarter of Year 2022, I collected the following passive income from interests from Singapore Savings Bonds and dividends from my SGX income portfolio.

$98 Savings Bond (1 Apr)

$114 Savings Bond (4 May)

$157.50 Wilmar (6 May) SRS

$72 Sembcorp (10 May)

$470 ST Eng (10 May) SRS

$370.20 UOB (13 May)

$960.12 OCBC (20 May) SRS

$42 OUE (26 May)

$105 Comfortdelgro (27 May) SRS

$184.08 Frasers CT Trust (30 May)

$119.55 Suntec Reit (30 May)

$127 Savings Bond (1 Jun)

$565.40 Mapletree Com Trust (3 Jun)

$188 ST Eng (7 Jun) SRS

$128.50 Netlink Trust (10 Jun)

$283 Mapletree Ind Trust (15 Jun)

$693 Frasers L&C Trust (17 Jun)

$226.80 Mapletree Log Trust (21 Jun)

$755.20 Aims Apac Reit (24 Jun)

$168.48 Far East Orchard (28 Jun)

The total amount of passive income in Q2 2022 is $5,827.83, an 11% YoY increase from Q2 2021's $5,228.99.

Together with the $4,075.35 passive income in Q1, my passive income in the first half 2022 is

$9,903.18

This amount is not a lot but $1650/month on average is at least able to cover most if not all of my basic necessities and essential expenditure.

I hope to collect more passive income in 2H 2022 and channel most of them towards adding battered quality Reits in my SGX Income portfolio, letting the compounding effect do its magic.

I will continue to live frugally, save up, invest in any bear or bull market conditions, slowly and steadily build up my investments. Ignore the noises, remain focused and stay on track in the journey towards financial freedom.

Thanks for reading.

With love & peace,

Qiongster

Boost to War Chest from Endowment Plan Proceeds

I received a windfall from the proceeds of a Great Eastern Endowment Plan - Maxsave Enhanced Savings purchased 10 years ago.

Time really flies and this liquidity boost comes at a right time when cash is potentially the best performing asset in a high interest environment.

I wanted to find out the yield return of this endowment savings plan, plugged in the figures and derived an annualised return of 2.57% which is almost the same as CPF ordinary account and slightly better than the Straits Times Index which has been stagnant over the past 10 years. However such meagre return is definitely much lower than the average annual return of around 10% for S&P 50 over the past 10 years. 

If I were to invest my $30k 10 years ago into Reits or local bank stocks, I could have generated a much higher returns albeit at a guaranteed yield of 2.5%.

Nonetheless, I am rather satisfied with these returns as I was a much weaker investor 10 years ago than now and could have potentially lost my capital.

Lesson learnt is to avoid committing a mid to long term savings endowment plan if we are savvy investors confident of generating more than 2 to 3% of meagre returns. However, if we are conservative or inexperienced investors with savings as priority in mind, then taking up a savings plan with the insurance companies beats the efforts and hazzle 

Just some sharing on a lazy Fri afternoon. Thanks for reading.

With love & peace,

Qiongster

Net Worth Update June 2022

  

S$1.27m

It is time for another monthly net worth update.

Having collected my June 2022 salary, May 2022 CPF contributions and more dividends from my SGX income portfolio, I paid off all my credit card liabilities, bills and income tax.

My net worth increases to $1.27m.

I have completed SRS contribution of $15.3k, $8k RSTU of CPF SA account and $8k RSTU of my mum's CPF RA account for 2022.

I have subscribed to Astrea 7 PE Class A-1 bond through IPO and was allocated $9k.

In the US stock market, I continue to increase my investments in growth businesses such as Alphabet Inc., and Palantir, while also monitoring other tech companies such as Microsoft, Amazon Inc. and banks such as Citigroup and Bank of America. 

On the local SGX front, I remain on the lookout for the out-of-favour high quality Frasers and Mapletree Reits and ready to pounce on them to increase my investments for more dividends in future.

I have also witnessed the crash of crypto currencies and have written off around $500 of my exposure to Crypto in Cronos tokens from staking in Crypto.com and some other altcoins like Cardano, Nano and Holo.

The next half of this year 2022 remains challenging and unpredictable. Immense inflation has triggered the Fed to raise interest rates by 0.75%. Global supply chain crunch, rising oil prices and the Ukraine war have caused the prices of food and necessities to surge. The stock markets have entered bear territories can seem more likely to tank further than rebound strongly.

In such monetary environment, Cash is King! We should demand higher yields from banks, bonds, Reits and be more prudent with spending our monies.

Life is returning back to normalcy with resumption of physical meetings and events. Travelling has also resumed back to pre-pandemic days with more countries reopening their border. 

Life is still great. Ignore the noises. Stay focused. Remain on track. Be greedy when others are fearful. We will get to our goals and dreams eventually.

Thanks for reading. Stay safe and remain strong always!

With love & peace,

Qiongster

Contribution to Nation Building By Paying Taxman

 

I received an SMS from the taxman notifying my liability of income tax due early next month.

I logged in to IRAS portal to verify and confirm the amount and due date.

I decided to write off this $1k+ income tax off my net worth by paying using my Citibank Premiermiles card via Citi Payall, earning some miles at the same time with a 2% admin fee though.

While feeling a little heartache, I am happy to earn some miles towards my future trip to London and contributing to nation building!

Thanks for reading. Stay safe and be strong as always.

With love & peace, 

Qiongster