Portfolio Update July 2023

Let me provide an update of my investment portfolios on the last day of July 2023.

My SGX Income Portfolio value increases to $333k from $318k mainly due to capital injection for preferential offering of Aims Apac Reit, IREIT and rebound of Reits after more certainty in interest rate hikes and diminishing recession fears stabilising the stock markets.

My US/HK Growth Portfolio value inches up to US$15.4k from US$15k.

My SRS Ultra Long-Term Portfolio value increases to $141.8k from $135k mainly due to resurgence of OCBC.

The US stock markets have hit new highs on a strong bullish run despite lingering fears of global recession setting and more potential interest rate hikes by end of this year. 

While being clouded by uncertainties, immense noises and fears, we must remain calm and clear-minded as long-term investors and make the best out of current situation by investing and deploying our financial resources into high quality income-producing assets or growth businesses tactfully.

I am monitoring and plan to add high quality S-Reits or local bank stocks to my SGX income portfolio when the opportunity arises. I have no intention to increase exposure to US or HK growth stocks but just dabble with options to collect premiums.

Portfolio Actions

1. Bought 3,000 shares of Aims Apac Reit at $1.189 via preferential offering.

2. Bought 10,000 shares of IREIT Global at $0.408 via preferential offering.

3. $2k T-bill BS23101S in SRS account matures on 25 Jul.

Portfolio Dividends

1. Received $122.50 of dividends from Savings Bonds on 1 Jul.

2. Received $145.87 of dividends from Savings Bonds in SRS on 1 Jul.

3. Received $372.62 of dividends from Mapletree Industrial Trust on 6 Jul.

4. Received $576 of dividends from Aims Apac Reit on 20 Jul.

SGX Income Portfolio

Portfolio Value = $333k

US/HK Growth Portfolio

Moomoo

US$3.7k

Tiger Broker

US$10.8k

Syfe Trade

US$0.9k

Portfolio Value = US$15.4k

SRS Ultra Long-Term Portfolio

Portfolio Value = S$141.8k

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

With love and peace, 

Qiongster

Lowering Personal Expenses: 50% Reduction in Mobile bill!

 

My current Starhub $20 sim-only mobile plan is expiring on 31 July 2023 in a few days.

It served me well for the past year offering me 100GB of 4G mobile data, unlimited phone calls, 1000 SMSes, international roaming, caller id and so on.

With the wide spectrum of mobile virtual network operator (MNVO) in the Telco market now offering a multitude of attractive mobile plans, I was spoilt for choices and tempted to switch to one which suits my needs BEST at the LOWEST costs.

I knew that the cheapest 100GB mobile plan is being offered by Simba, former TPG at $10. However due to poor reception and call quality I experienced few years ago during the free trial, I did not consider it.

Despite shortlisting popular MNVO offerings by GIGA, HEYA and GOMO which could offer me savings from $2 to $10 monthly, I was rather firm on renewing my sim-only mobile plan with Starhub for no disruptuon and ease of maintenance of bills as the monthly bill was combined with my broadband.

However until I chanced upon an advert by VIVIFI days ago, I finally decided to take the leap. I signed up for the 4G vibe plan, applying promo code of $20.

Main motivating factors are the reduction of monthly mobile costs by 50% from $20 to $10, reliable network infrastructure by SingTel, free 1GB roaming data in countries I would like to visit and $20 discount with T&C's ($10 after 3 months and $2 every mth from 4th to 8th) meaning an 8 months commitment to enjoy only $20 discount. While the free talktime and SMSes are lesser, I do not mind as I seldom utilise such services.

Other downsides with VIVIFI would be lack of app and physical presence. Hence viewing of mobile usage and bills would be on their website only, and collection of sim card at designated timings at mrt stations is rather troublesome unless we pay 10 odd dollars for home delivery. Customer service support would be via email only. There is also a risk of it collapsing just like some other MVNOs folding up in the past. Nonetheless, the downsides do not deter me from enjoying cost savings.

There are also referral perks from $2 to $4 depending on which mobile plan was signed up.

Here is my referral code for those of you interested:

31294409

Thank you for reading. Stay focused and remain steadfast as always!

With love & peace,

Qiongster

Net Worth Update July 2023

     

S$1.48m

My net worth increases to $1.48m, another all time high!

This is after cash flow from salary, CPF savings, dividends in the past weeks, as well as due to resurgence in the stock market on cooling news of inflation.

CPF savings form 37% of my net worth. I have already achieved full retirement sum in CPF SA and topped up my Medisave account to the basic healthcare sum of $68.5k early this year.

My cash and war chest constitute 18% of my net worth. In the current high interest environment, my cash is being stashed away in bank fixed deposits yielding more than 3% p.a., in Fullerton cash funds under custody of Moomoo and Tiger Broker, and in Money Market Funds held by Phillips Capital yielding around 3.5% p.a. with interest paid daily.

Together with 7% of my risk-free Singapore Savings Bonds ($110k) and relatively low-risk Astrea 7A PE bond ($9k), CPF, cash and war chest total to 62% of my net worth as safe assets.

My stocks and Reits constitute 24% of my net worth. Together with SRS account which forms 8% and are deployed mainly into local stocks and Reits, they are the 32% of riskier assets in my financial portfolio.

My target net worth by the end of 2023 of S$1.45m is already hit and now I target for S$1.5m with an annual passive income of S$22k.

Life is exciting in a post pandemic world. Ignore the noises. Remain on track. Be greedy when others are fearful. Be fearful when others are greedy. Be contented when others are hungry. 

Thank you for reading. Stay focused and remain steadfast as always!

With love & peace,

Qiongster

Subscribed to IREIT Global Preferential Offering

 

B&M Claye Souilly, a property acquired by IREIT Global

The preferential offering by IREIT Global to raise proceeds of around $75.9 million to fund the acquisition of 17 retail properties across France is on its last day on 11 July 2023 today.

IREIT Global is offering 186 million shares to existing shareholders at a ratio of 161 preferential offer shares for every 1,000 existing shares at a price of $0.408.

The joint sponsors of the Reit, Tikehau Capital and City Development Limited (CDL) have irrevocably undertaken to subscribe their entitled preferential shares in full. CDL's subsidiary, City Strategic Equity Pte Ltd has further undetaken to subscribe for excess units up to a maximum of $40 million.

I favour IREIT Global for its exposure to niche European income-producing properties which are mostly freehold. While riskier, it helps to diversify my income portfolio which contains quality S-REITS with predominant local presence.

The acquired B&M, a French retail portfolio comprising 17 fully occupied properties have long WALE of 6.8 years. 13 are freehold and 4 are leasehold.

As I own 12,000 shares of IREIT Global, I am entitled to 1,932 preferential offer shares at $0.408.

As this is a yield accretive fund raising project and at a yield of more than 8%, I intend to subscribe to 10,000 preferential offer shares, including excess and hope to get as much as possible.

I decide to use Paynow on the CDP portal instead of using the ATM.

There it goes.

My investment in IREIT Global is positioned for the long-term, at least the next decade, for passive income.

I acknowledged the higher risks from this investment in "European properties" and expect the share price of IREIT Global to remain weak and feeble in the short term. However, higher risks deliver potential higher returns and I feel comfortable and confident with the prospects of this Reit.

In the coming months, years and decade, I look forward to enjoy more dividends in Euros from IREIT Reit perpetually effortlessly.

Thank you all for reading. Stay focused and remain steadfast as always!

With love and peace, 

Qiongster

Portfolio Update June 2023

Half the year of 2023 has whizzed by.

Let me provide an update of my investment portfolios for June.

My SGX Income Portfolio value increases to $318k mainly due to capital injection for increasing investment in Mapletree Logistics Trust.

My US/HK Growth Portfolio value remains fairly stagnant at US$15k.

My SRS Ultra Long-Term Portfolio value stagnates at $135k.

The US stock markets has undergone retracement while remaining on a bullish uptrend while local Reits remain weak due to hawkish possibility of further interest rate hikes by end of this year. There are also lingering fears of global recession setting in despite fading hopes interest rate tapering next year. 

While being clouded by uncertainties, immense noises and fears, we must becalm and clear-minded as long-term investors and make the best out of current situation by investing and deploying our financial resources into high quality income-producing assets or growth businesses tactfully.

I am monitoring and plan to add high quality S-Reits or local bank stocks to my SGX income portfolio when the opportunity arises. I have no intention to increase exposure to US or HK growth stocks but just dabble with options to collect premiums.

Portfolio Actions

1. Sold 2,400 shares of Sembcorp Industries at $5.38.

2. Bought 400 shares of DBS at $30.80.

3. Bought 10,000 shares of Mapletree Logistics Trust at $1.63.

4. Rollup 1 unit of Alphabet, GOOGL230616 call option with $100 strike price by buying back at US$23.30 and selling 1 unit of GOOGL231117 call option with $105 strike price at US$23.60.

Portfolio Dividends

1. Received $296 of dividends from Savings Bonds on 1 Jun.

2. Received $188 of dividends from ST Engineering in SRS on 6 Jun.

3. Received $285.61 of dividends from Mapletree Industrial Trust on 7 Jun.

4. Received $131 of dividends from Netlink Trust on 13 Jun.

5. Received $337.50 of dividends from MPACT in SRS on 15 Jun.

6. Received $880 of dividends from Frasers L&C Trust on 15 Jun.

7. Received $614.10 of dividends from Ascendas Reit on 26 Jun.

8. Received $849.28 of dividends from Aims Apac Reit on 28 Jun.

9. Received $230.92 of dividends as 224 shares from Far East Orchard on 28 Jun.

SGX Income Portfolio

Portfolio Value = $318k

US/HK Growth Portfolio

Moomoo

US$3.7k

Tiger Broker

US$10.5k

Syfe Trade

US$0.8k

Portfolio Value = US$15k

SRS Ultra Long-Term Portfolio

Portfolio Value = S$135k

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

With love and peace, 

Qiongster