Portfolio Update October 2022

Today is the last day of October 2022 for me to give an update on my investment portfolios.

My SGX Income Portfolio value increases to $272.6k from $266.2k last month as my injected capital of around $19k to add FLCT and FCT was offset by the crash of REITs from factoring in the impact of further interest rate hikes to potentially 4.5% by end of this year. The share price of REITs need to be compressed to maintain the same risk premium from the higher risk free rate. It is a short-term pain to swallow huge paper losses which at one point amounted to more than $30k.  

My US/HK Growth Portfolio value drops to US$14.5 from US$16.9k last month due to further weakness of tech growth stocks in the portfolios after growth concerns from recent results, immense recession and inflation fears.

My SRS Ultra Long-Term Portfolio value falls slightly to $111.9k from $112.9k.

Portfolio Actions

1. Bought 7,000 shares of Frasers Logistics & Commercial Trust at $1.13.

2. Sold 3 units of Palantir, PLTR221014 call options with $8 strike price at US$0.09.

3. Sold 3 units of Palantir PLTR 221021 call options with $8 strike price at US$0.15.

4. Sold 300 units of Palantir as the call options were exercised at $8.

5. Sold 1 unit of Alphabet, GOOGL221028 call option with $108 strike price at US$1.28.

Portfolio Dividends

1. Received $102.50 of dividends from Savings Bonds on 1 Oct.

2. Received $86.24 of dividends from Ascott Reit on 18 Oct.

SGX Income Portfolio

Portfolio Value = $272.6k

US/HK Growth Portfolio

Moomoo

Tiger Broker

Syfe Trade

Total Portfolio Value = US$14.5

SRS Ultra Long-Term Portfolio

Thanks for reading. Stay focused and remain steadfast as always!

With love and peace, 

Qiongster

Net Worth Update Oct 2022 | Plunges $22k!

S$1.296m

My net worth falls $22k or 1.6% to $1.296m despite collecting my Oct 22 salary, Sep 2022 CPF contributions and more dividends from my SGX income portfolio.

The sharp decrease was evidently due to the tanking of Reits in my portfolios past few weeks from immense inflation and further interest rate hike fears.

Cash is King and is indeed a great performing asset in a high interest rate environment.

I have deployed my war chest into Fullerton SGD Cash Fund by Moomoo yielding more than 2.5% and into Money Market Fund by Phillips Capital yielding around 2%.

Cash is still King!

I plan to subscribe for the next few months of Singapore Savings Bonds, which should hopefully still yield more than 3% on average for the next decade.

I continue to add high quality S-Reits into my SGX income portfolio to build up free cash flows in the future.

The remaining 3 months of year 2022 remains challenging and turbulent. Another 2 rounds of 0.75% to 1% interest rate are on the cards of the Fed to curb unwavering inflation, causing the stock markets to remain volatile and unpredictable.

I believe in building a well balanced portfolio for my financial assets. As much as I would like to hold cash to earn risk-free decent interest rates close to 4%, I also embrace risk by staying invested (using monies I do not need) in income-producing assets and growth tech businesses. My allocation of cash/risk-free bonds to equities ratio is around 45-55, which is rather conservative.

Continue to hoard some cash while investing for more passive income. Both Cash and Cashflow are Kings! Continue making our monies work harder and own more income producing assets for more cashflow! Own more streams of income besides from our salaried job.

Life is great in an endemic world. Ignore the noises. 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 focused and remain steadfast as always!

With love & peace,

Qiongster

Added Frasers Logistics & Commercial Trust

 

The share price of Frasers Logistics & Commercial Trust (FLCT) (SGX:BUOU) has continued to weaken amidst uncertainties such as softening of AUD which is the primary currency of its property income in Australia, impact from further interest rate hikes, recession fears and tightening of monetary policy by MAS announced today and so on.

I started investing in FLCT since its IPO in 2016 when I was allocated 1,000 shares at $0.89. Since then, I slowly accumulated FLCT through dollar-cost averaging at $0.94, $0.97, $1.19 until my last purchase in Apr 2020 at $0.97. 

The investment journey of FLCT has been rewarding and fulfilling but full of ups and downs. Less off cumulative dividends collected over past 6 years till date, my net cost is merely $0.76.

Today, my order of FLCT is filled and my investment FLCT takes a notch further. 

I will now own 25,000 shares of FLCT at average net cost of $0.86.

At $1.13, FLCT is trading below its net asset value of $1.24 and yielding more than 6.5%. The next expected dividend of around 3.5 cents is just a month away in Nov 2022.

It is possible that the share price of FLCT will remain weak and may test lower lows in the coming weeks but I still believe FLCT is a no brainer long-term investment to own freehold logistics and commercial properties in Australia for passive income.

Thanks for reading.

With love & peace,

Qiongster

Portfolio Update September 2022 | S$25k Shed!!

The month of September 2022 has ended. Let me give an update on my investment portfolios.

My SGX Income Portfolio value falls to $266.2k from $283.5k last month mainly due to the crash of REITs from factoring in the impact of a potential high interest rate of up to 4.5% by end 2022. The share price of REITs need to be compressed to maintain the same risk premium from the higher risk free rate. It is a short-term pain to swallow huge paper losses in just two weeks but nonetheless affirms that my conservative portfolio allocation of 17% cash in bank fixed deposits relative to 32% in Reits and stocks (invested by cash and SRS funds) provides balance and consolation in a high interest rate environment.  

My US/HK Growth Portfolio value drops to US$16.9k from US$19.3k last month due to further weakness of tech growth stocks in the portfolios amidst immense recession and inflation fears.

My SRS Ultra Long-Term Portfolio value plunges to $112.9k from $117.5k mainly due to the crash of Keppel DC Reit, Keppel Reit and Wilmar.

S$25k shed this month! 

Fret not, I still sleep soundly with a peaceful mind every night.

This is because I did not leverage on my investments nor have any liabilities affected by higher interest rates. I invested what I could afford to lose. I remain employed with active monthly income while my investments are positioned for the long-term and I would not have sold them even if they soar to the skies. 

The path towards achieving financial freedom will be rugged and not be smooth sailing all the time. I sense opportunities in a sea of crisis and noises instead. I plan to continue investing in REITs and tech stocks while subscribing to Singapore Savings Bonds and placing cash in fixed deposits in the months to come.

Portfolio Actions

1. Bought 5,000 shares of Frasers Centrepoint Trust at $2.26.

2. Sold 1 unit of Alphabet Inc, GOOGL221007 call option with $108 strike price at US$0.38

3. Sold 3 units of Palantir Technology Inc, PLTR221007 call option with $8.5 strike price at US$0.11.

Portfolio Dividends

1. Received $119.50 of dividends from Savings Bonds on 1 Sep.

2. Received $188 of dividends in SRS from ST Engineering on 2 Sep.

3. Received $787.30 of dividends from Ascendas Reit on 5 Sep.

4. Received $939.60 of dividends from Capland Int Com Trust on 9 Sep.

5. Received $403.92 of dividends in SRS from Keppel DC Reit on 9 Sep.

6. Received $286.80 of dividends as 109 shares from Mapletree Industrial Trust DRP on 9 Sep.

7. Received $226.80 of dividends from Mapletree Logistics Trust on 9 Sep.

8. Received $211.31 of dividends as 182 shares from Capland China Trust DRP on 22 Sep.

9. Received $729.60 of dividends from AIMS APAC Reit on 23 Sep.

10. Received $42 of dividends from OUE Limited on 29 Sep.

SGX Income Portfolio

Portfolio Value = $266.2k

US/HK Growth Portfolio

Moomoo

Tiger Broker

Syfe Trade

Total Portfolio Value = US$16.9k

SRS Ultra Long-Term Portfolio

Thanks for reading. Stay focused and remain steadfast as always!

With love and peace, 

Qiongster