Portfolio Update August 2022

It is time to update my investment portfolios on the last day of August 2022.

The stock markets remained volatile and uncertain under the immense noises engulfing Fed tapering, interest rates hikes, inflation fears, recession fears, pandemic fears, rise of US Treasury yields, Ukraine war, poor company quarterly results and so on.

I stay unswayed and steadfast in my pursuit of financial freedom quest. I am on standby to deploy more of my war chest in S-Reits and US growth stock while collecting option premiums for fun.

My idle cash remains in fixed deposits and money market funds such as Philip Money Market Fund, Fullerton Cash Fund in Moomoo and Singapore Savings Bonds generating average yields of above 2%.

My SGX Income Portfolio value falls to $283.5k from $292.5k last month mainly due to fears about more interest rate hikes by the Fed to curb inflation, and post XD weakness of the share prices of most Reits.

My US/HK Growth Portfolio value drops to US$19.3k from US$20.5k last month due to recent pullback of tech growth stocks in the portfolios.

My SRS Ultra Long-Term Portfolio value inches up to $117.5k from $117.2k mainly due to dividends received from OCBC, ComfortDelgro and Keppel Reit boosting the SRS cash position.

Portfolio Actions

Nil

Portfolio Dividends

1. Received $370.20 of dividends from UOB on 22 Aug.

2. Received $96 of dividends from Sembcorp Ind on 23 Aug.

3. Received $90 of dividends from Wilmar on 24 Aug in SRS.

4. Received $456 of dividends from Mapletree Pan-Asia Com Trust on 25 Aug.

5. Received $960.12 of dividends from OCBC on 25 Aug in SRS.

6. Received $186.56 of dividends from Ascott Trust on 29 Aug.

7. Received $120.95 of dividends from Suntec Reit on 29 Aug.

8. Received $213 of dividends from Comfortdelgro on 29 Aug in SRS.

9. Received $307.42 of dividends from Keppel Reit on 29 Aug in SRS.

10. Received $233.50 of dividends from IREIT Global on 31 Aug.

SGX Income Portfolio

Portfolio Value = $283.5k

US/HK Growth Portfolio

Moomoo

Tiger Broker

Syfe Trade

Total Portfolio Value = US$19.3k

SRS Ultra Long-Term Portfolio

Thank you for reading.

With love & peace, 

Qiongster

Allotment Results for Singapore Savings Bonds (SBSEP22 GX22090Z)

 

The allotment results for Sep 2022 Singapore Savings Bond are out!

It is heartening to find out that the allotment limit is SGD 13,000 as this tranche has been less oversubscribed with more total quantum on offer as compared to previous month.

$900m of bonds are offered with $1,904,323,500 worth of total applications. 

I applied for $11k and was allocated all Likewise for all who applied more, they will also get the same $13k or at most $13.5k.

I think the average yield for Oct 2022 tranche may remain below 3% due to the inverted yield curve whereby short - term US treasury bond yields more than long-term one. Furthermore, the next round of interest rate hike will take place in Sep 2022 after details of Oct 2022 SSB are announced.

Nonetheless, I will continue to subscribe for Singapore Savings Bonds for the rest of the year.

An individual holding limit for SSB is $200k and I target to hit $100k by end of this year.

Thanks for reading. Invest safe and remain focused as always.

With love & peace,

Qiongster

Applied for "CPF OA beating" Singapore Savings Bonds (SBSEP22 GX22090Z)

 

The September 2022 issue of Singapore Savings Bonds has an average yield of 2.8% over 10 years, which is higher than what CPF Ordinary Account offers. 

Long-term wise, this is lower than the 3% record high for August 2022 tranche but its 2.63% first year yield is still a record high since the inception of SSB in 2015.

I have decided to apply for $11k of this Sep 2022 issue.

There it goes.

$900m is up for grabs this round. As per past allotment results, I predict only at most around $12k will be allocated per person.

The first payment will be on 1 Mar 2023 and this bond will mature on 1 Sep 2032.

If you are interested in this issue of SSB, do note that the application dateline is on this Fri, 26 Aug 2022, 9pm.

Thanks for reading.

With love & peace,

Qiongster

Net Worth Update Aug 2022 | SGD1.3m Surpassed!

S$1.315m

My net worth increases 1.4% to $1.315m from past month.

Another all time high.

This is after collecting my August 2022 salary, July 2022 CPF contributions and more dividends from my SGX income portfolio and paying off all my credit card liabilities and bills.

The increase was also contributed by strong recovery of stock prices in my portfolios in recent weeks before the retracement in recent days.

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 the year, reaping all the low hanging fruits of tax reliefs and guaranteed risk free yields.

Cash is a great performing asset in such high interest rate environment and I have deployed my war chest into Fullerton SGD Cash Fund by Moomoo yielding on average 2% and into Money Market Fund by Phillips Capital yielding around 1.2%.

I have also renewed expiring fixed deposits from 2021 yielding 0.5% to 2.3%!

Cash is still King!

I plan to subscribe for the next few months of Singapore Savings Bonds, which should hopefully still yield more than 2.5% on average for the next decade.

The remaining months of year 2022 remains challenging and turbulent. Another round of 0.5% to 1% interest rate is on the cards of the Fed to curb immense inflation which could have already peaked but the pace of increase could slow down. Global supply chain crunch, high oil prices and the Ukraine war have caused the prices of food and necessities to remain high. Prices of large items such as properties and cars continue to rise despite more costly mortgage loans. 

The stock markets remain volatile and unpredictable but I still believe every dip presents a great buying opportunity to increase our investments in especially high quality income-producing Reits and growth tech stock.

Continue to invest for more passive income. Cashflow is also King! Continue making our monies work harder and own more income producing assets for more cashflow! Own more streams of income besides our salaried job.

Life is great in an endemic world. Ignore the noises. Stay focused. Remain on track. Be greedy when others are fearful. We will get to our goals and dreams. En route to financial freedom!

Thanks for reading. Stay safe and remain strong always!

With love & peace,

Qiongster