Thursday, February 29, 2024

Portfolio Update Feb 2024 | Shopping spree

This is a quick update of my investment portfolios for this short month of February.

My SGX Income Portfolio value rises to $340k from $328k mainly due to capital injection for scooping up MPACT, CLCT and nibbling of DBS.

My US/HK Growth Portfolio value stagnates at US$17k.

My SRS Ultra Long-Term Portfolio value increases to $147k from $139k mainly due to my contribution of around $7.5k to SRS.

The US stock markets have attained fresh record highs before recent retracement, amidst uncertainties over interest rates, ongoing wars and diminishing fears of global recession. US 10-year and 30-year government yields have rebounded slightly and the Federal Reserve is expected to hold interest rates high for the short-term before cutting up to 6 times this year.

Despite being clouded by uncertainties, immense noises and fears, it is crucial that long-term investors like us always remain calm, unwavered and focused on our investment objectives. Stick to our own plan and continue deploying our financial resources into high quality income-producing instruments such as government-backed risk-free bonds, property assets, or strong growth businesses tactfully according to our own risk appetite. 

I have gone on a shopping spree as I strongly believe in taking strides towards financial freedom by building up my passive income streams.

I have started contributing to my SRS account and has added more OCBC to my SRS portfolio. I have no plan to add US/HK stocks.

Portfolio Actions

1. Bought 200 shares of DBS at $32.38 on 9 Feb.

2. Bought 383 shares of UOB at $28.68 on 22 Feb.

3. Bought 5,000 shares of Capitaland China Trust at $0.75 on 28 Feb.

4. Bought 500 shares of OCBC at $13.02 using SRS on 28 Feb.

5. Bought 5,000 shares of MPACT at $1.35 on 28 Feb.

Portfolio Dividends

1. Received $128.70 of dividends from Savings Bonds on 1 Feb.

2. Received $93.30 of dividends from Suntec Reit on 28 Feb.

3. Received $309.50 of dividends from Capitaland Ascott Trust on 29 Feb.

SGX Income Portfolio

Portfolio Value = $340k

US/HK Growth Portfolio



Tiger Broker


Syfe Trade


Portfolio Value = US$17k

SRS Ultra Long-Term Portfolio

Portfolio Value = S$147k

Thanks for reading.

With love and peace, 

Wednesday, February 28, 2024



My order for 5,000 shares of Mapletree Pan Asia Commercial Trust (SGX:N2IU) is filled today.

This will bring my existing holdings of MPACT to 20,000 shares.

The share price of MPACT has weakened severely ever since its merger with Mapletree North Asia Commercial Trust to lose its status as a pure Singapore Greater Southern Waterfront commercial property asset play.

The last time I increased my investment in MPACT was in July 2022 during its preferential offering at $2.0039 to raise funds for the merger with MNACT. I bought from open market 4,000 shares at $1.78 instead of subscribing to the preferential offer.

I have long been wanting to increase my investments in MPACT especially after every visit to the ever crowded Vivo City. However, I have not visited its other APAC assets such as Festival Walk in Hong Kong, Gateway Plaza in China and commercial properties in Japan which will require much more time to recover from tourism, retail and office space demand. 

I sensed opportunity this time because my investment is driven by passive income for the long-term horizon and attracted by great value of paying below the NAV of around $1.76. Its share price has rebounded from the lows of $1.27 in Oct 2023 on the back of potential interest rate cuts in the short future. Generally, at $1.30s, MPACT is below its fair value and historical valuation.

I believe MPACT is still a high quality income producing Reit which is able to pay dividend consistently above 6% for the next few years or even decade.

Today's high interest rate environment will not last forever. The FED will most likely start to reduce interest rates later this year to avoid any onset of economic recession and interest rates will taper to around 2% next year. Lower interest rates will certainly benefit Reits such as MPACT by reducing financial costs and improving net property income for more distributions as dividends to investors like us.

Even though MPACT will continue to suffer in terms of price weakness and volatility in the short-term, I am optimistic that in the long run, its share price will recover above $1.60 and slowly climb towards its NAV of $1.80.

Thanks for reading. Stay safe and remain strong always!

With love & peace,

Doubled Up on Capitaland China Trust

CapitaMall Xuefu, Harbin, China

My order for Capitaland China Trust (CLCT) shares is filled today.

This effectively doubled up my small initial position in CLCT to 10,000 shares.

The share price of CLCT has tanked in recent weeks and has been on a poor bear run by diving more than half from the high of $1.65 before the onset of pandemic in 2020 to hit a 52-week low of $0.74 today.

As the largest China-focused REIT in Singapore, CLCT is facing strong headwinds in China's economy, including slowing growth and lingering impacts of its previous zero-COVID policies. High debt levels among many Chinese property developers have fueled anxieties about the sector's stability, spilling over into the REIT market as institutional investors worry about the health of properties that CLCT hold. Prolonged high interest rates and depreciating RMB versus SGD dollar only serve to exacerbate the fears of investors in CLCT.

Even though CLCT seems like junk now, it is crucial to remember that REITs like CLCT can offer immense long-term potential as its fundamentals never change. CLCT reported higher revenue and net property income in the latest financial results and is able to deliver 3 cents of dividends on enlarged unit base, higher expenses and unfavourable forex rates.

At a share price of $0.75, assuming a dividend of $0.06 for 2024, it yields around 8%. With a book value of $1.21, it is trading at 38% discount. A crisis breeds opportunity. CLCT has become too attractive and undervalued for me to ignore as I smell a great opportunity for me to lower my investment cost and rideout for a possible turnaround in its fortune and fate.

This will be a long-term value, recovery investment play for me. CLCT is not just a major retail player in China but has added business parks containing industrial properties, logistics warehouses and data centers to its portfolio in 2020. Investing in CLCT is one way to ride on the turnaround of China's economic environment as its government has introduced stimulus measures to stabilise the property market recently. Besides, the retail malls owned by CLCT have recovered from increase in tenant sales and shopper traffic to pre-pandemic levels 

I am not too concerned about the volatility of its share price in the short term. I am happy and patient to wait out at 8% yield and sitting on a diversified, heavily discounted portfolio of China's retail, industrial and logistics property assets.

Thanks for reading.

With Love & Peace,

Added more OCBC to SRS Portfolio


The share price of OCBC (SGX: O39) has corrected from the recent peak of $13.45 to $12.90 today, after announcing its 2023 full year results.

OCBC has attained 12% increase in Q4 profit to $1.62 billion and 27% increase in 2023 profit to $7.02 billion. A slightly higher dividend of $0.42, compared to interim dividend of $0.40, is announced and payable on 21 May, maintaining a dividend payout ratio of 50%. However, the results have fallen short of expectations, disappointing the market.

This near 5% correction is enough to trigger my temptation to accumulate shares.

The book value of OCBC is around $11.77 and ideally I would prefer to pay lesser than the book value.

However, I added 500 shares to my ultra long-term SRS portfolio when my order got filled at $13.02 this morning.

As OCBC is currently on cum dividend of $0.42, net cost less dividend is $12.60 which is just 7% above book value, at a fairly attractive dividend yield of more than 6%, assuming OCBC maintains an annual dividend of at least $0.84 for the next few years. The next dividend in Aug 24 of at least $0.42 should drive down my net cost to closer to book value.

I last added OCBC share last year at $11.93added OCBC shares in 2022 at $11.56 and also added OCBC shares in 2020 at $7.87 during the market shake-up from onset of the pandemic.

With this addition, I will own 5,000 shares of OCBC at an average net cost of $9.17 only, positioned to collect at least $4.2k of dividends this year and for many years or decades to come optimistically.

My long-term plan for SRS remains the same - to slowly and steadily accumulate OCBC shares via dollar cost averaging every year, because my SRS account is owned by OCBC and I intend to own the bank which owns my retirement funds.

Be greedy when others are fearful!

Thanks for reading.

With Love & Peace,

Monday, February 26, 2024

The Trifecta of Life: Navigating Time, Money and Energy


Living the Balance: Time, Money and Energy

Life is a precious journey woven from three intertwined threads: time, money, and energy. While we often chase these resources independently, true fulfillment lies in striking a harmonious balance between them.

As time relentlessly marches forward, our vitality naturally declines like a battery nearing its end. While we can recharge through rest and sleep, our capacity for boundless energy diminishes with age. Money, however, offers a different perspective. Through dedication and hard work, we can accumulate financial resources by exchanging time for financial gain.

However, the question remains: is reaching retirement synonymous with enjoying our "golden years" filled with leisure, financial security, and good health? The reality, unfortunately, is not so straightforward. As we age, our bodies naturally face limitations, including a decreased appetite and reduced energy levels.

This is where the concept of financial freedom, achieved at a younger age than the traditional retirement path, becomes intriguing. Imagine having the freedom to choose how you spend your time, whether pursuing passions, traveling the world, or simply relaxing, without being solely driven by the need to earn a living. It presents the unique opportunity to experience all three precious resources simultaneously while still young and vibrant.

While achieving financial freedom, especially in metropolitan cities like Singapore, may seem like a steep ascent, it's not an impossible climb. Through dedication, discipline, and a sound financial plan, we can strive for it. Even if full financial freedom eludes us, aiming for financial stability fosters a sense of security and empowers us to make choices without being solely dependent on income.

The ever-evolving job landscape further underscores the importance of diversifying income streams and securing passive income sources. This could involve exploring investments, building an online business, or acquiring new skills relevant to the changing job market. It's crucial to remember, though, that while enjoying life is essential, a mindset solely focused on spending everything earned (YOLO - You Only Live Once) can leave us vulnerable in unforeseen circumstances.

Ultimately, the key is to be mindful of the passage of time. While we can accumulate more money as we age, accepting and planning for the natural decline in energy levels is paramount. By striking a balance between time, money, and energy throughout our lives, we can navigate a fulfilling and enriching journey that transcends the limitations of traditional retirement.

Call to Action: Take the first step towards achieving balance. Explore resources and create a plan that prioritizes your needs and aspirations in each of these three aspects. Remember, true fulfillment lies not in maximizing each resource in isolation, but in orchestrating them to create a beautiful and harmonious symphony of life.

Remember the shortness of life. Precious yet fragile. Be content with what we have. Be fearless and ungreedy. Learn to let go and be free in our minds.

Thanks for reading. 

With love & peace,

Saturday, February 24, 2024

Unveiling and Analysing my $150k SRS Portfolio


I realised that my SRS porfolio has surpassed S$150k today!

This is upon tallying the cash balance and the market values of the stocks in my SRS as I have started contributing funds to my SRS in the past weeks.

I opened my SRS account with OCBC in Dec 2016 after more than 5 years of working.

My SRS portfolio has grown slowly and steadily from $0 over the past 7 years to $150,608.69 now.

I decided to analyse my SRS portfolio which was neglected largely as I believe this is a vault which can only be activated after 62 years old or upon retirement.

In my net worth tracking, I conservatively account my SRS component as cumulative amount of funds contributed over the past. This amounts to $124,664.43 now.

Hence, my gains are almost $26k or 20% over 7 years from capital gains and dividends collected. This translate into a modest 2.7% annualised rate of return.

With the benefit of hindsight, I believe that I could have done better for my SRS. However, as a novice investor managing my own idle funds, I am contented to be able to generate decent returns with minimal effort instead of incurring losses.

From the pie chart, the bulk of my SRS is invested into OCBC and this investment turns out to be the best performer as my average cost is less than $10 and its market share price is above $13 now. I have reaped around $7k of dividends from it too.

My second best performer is ST Engineering as I bought it at $3.22 in 2017 and has collected more than $4k of dividends over the years while enjoying capital gains.

My third best performer is Keppel Reit even though its share price now at $0.885 is lower than my buy price of $1.03 in 2016. I have collected close to $4k of dividends hence it is still a winner overall.

My poorest performers are actually ComfortDelgro, Keppel DC Reit and Wilmar as I bought them at high prices at $2.09, $2,88 and $4.33 respectively and they are still in the red after a few years of investment and dividends collected. Fortunately, they only constitute 17% of the portfolio collectively. Since they are still able to pay my dividends consistently and their fundamentals did not deteriorate much, I will not consider cutting losses on them.

Moving forward, I plan to increase my OCBC ratio to 50% and hope that I could get rid of the losers to recycle into other local bank stock such as DBS or UOB. I may also consider getting T-Bills or SSBs before interest rates start to fall.

Thanks for reading. Happy Full Moon on 15th day of CNY!

With love & peace,

Thursday, February 22, 2024

Added UOB: A Steady and Growth Bank Play without the Fireworks

Amidst great expectations of bonus shares or special dividends like its DBS counterpart, the share price of UOB (SGX: U11) has corrected from the high of $29.68 in past days to test short term support level of $28.50 at 1.14 times its book value of around $25.

UOB has announced a record $6.1 billion profit for the financial year 2023 early this morning, underpinned by strong net interest income, trading and investment income. This is a 26% increase from FY 2022. If factoring in the Citigroup integration costs, net profit is S$5.7 billion, also a landmark high.

Most notably, net interest income rose 16% to S$9.7 billion. Net interest margin rose 23 basis points to 2.09% and loan growth of 2% in constant-currency terms.

Net fee income increased 4% to S$2.2 billion as credit card fees surged to S$382 million.

However core operating expenses rose 15% to S$6.8 billion and total allowance for credit and other losses on a few non-systematic accounts rocketed 53% to $921 million, higher than $590 million by DBS.

Asset quality remained stable with non-performing loan (NPL) ratio at 1.5%, which is higher than DBS's NPL ratio of 1.1%.

Most importantly to long-term investors of UOB, the dividend announced is $0.85, same rate as 1H FY2023. There is no special dividends nor bonus shares as wished, hence disappointing the market and resulted in the weakening of its share price today.

I believe that UOB is still an attractive steady long-term investment prospect of a growth bank business with yields close to 6%, at payout ratio of about 50%. This is despite headwinds in the economy, uncertainties over interest rates and increasing core operating expenses and write-offs. 

I find timing the market difficult and prefer to invest in banks during times of uncertainty rather than waiting for the booming economy or ideal circumstances before doing so. In a perfect scenario, we may have to pay inflated prices i.e. 1.5x to 2x book value for bank shares. I will perform dollar-cost average into adding bank shares.

I believe UOB is more conservative and defensive relative to DBS and OCBC because it has greater presence in regional domestic markets, larger focus on South East Asia growing and youthful economies, best valuation at only 1.14x book value whilst being the smallest bank in Singapore. OCBC on the other hand, has greater presence in China and Hong Kong while DBS is penetrating into south Asia economies in Taiwan and India.

Ideally, it is great to own all 3 banks to have the best of all worlds. With limited resources and based on priority now, I decided to focus on accumulating UOB first.

I was owning 617 UOB shares and required 383 more to round up to 1,000 shares.

There it goes and my order was filled at $28.68 today.

My order for 83 odd shares was then filled at $28.69.

I will now own 1,000 UOB shares, looking forward to collect $0.85 dividends 2 times this year and greater dividends in the years to come.

The share price of UOB continue to test lower short-term support levels and I will monitor and may add more shares.

My next hunting targets will be OCBC which will be announcing its results on 28 Feb, and DBS. Here I come.

See Related Posts:

Nibbled UOB

Own the banks or let banks own our money

Thanks for reading,

With love & peace,

Saturday, February 17, 2024

Net Worth Update Feb 2024



My net worth increases to S$1.587m in Feb 2024.

This is after CPF contributions from Jan 24 salary and savings from Feb 24 salary.

CPF forms the bulk 37% of my net worth. I have already achieved full retirement sum (FRS) in CPF SA and has completed $8k top up to my mum CPF Retirement Account for some tax relief.

Cash and war chest constitute 17% of my wealth. In the current high rate 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 more than 3.5% p.a. with interest paid daily.

Singapore Savings Bonds ($140k) and Astrea 7A PE bond ($9k) are low-risk bonds contributing to 10% of my wealth. Together with CPF, cash and war chest, they amount to 64% of my net worth as safe assets. I will skip the coming Mar 24 tranche of SSB with average yield of 2.88%.

Stocks and Reits constitute 22% of my net worth. In recent weeks, I have contributed $7.5k to my SRS account which forms 8% of my wealth. My SRS funds are mostly deployed into local stocks and Reits. They are the 30% of riskier assets in my financial portfolio.

I hope to remain steadfast on the track towards financial freedom. Ignore the noises. Be greedy when others are fearful. Be fearful when others are greedy. Be contented when others are hungry.

Thank you for reading. Huat ah!

With love & peace,

Sunday, February 11, 2024

The Calm in the Storm: How Stoicism Can Make Us a Better Investor


Stoicism is an ancient philosophy that emphasizes the importance of reason and self-control. It teaches that happiness comes from accepting what you cannot control and focusing on what you can.

These principles can be very helpful for investors, who often face volatile markets and uncertain outcomes. Let me share some key stoic practices that can be applied to investing:

Focus on what we can control: This means focusing on our investment strategy, asset allocation, and risk management. We cannot control the market, but we can control your own decisions and certainly not let emotions rule over our mind.

We should design and develop a well-researched and diversified portfolio aligned with our risk tolerance and financial goals. This includes choosing appropriate asset classes, understanding their historical performance, and rebalancing regularly. Decide how to distribute your investments across different assets like stocks, bonds, real estate, and cash. Consider their volatility, potential returns, and correlation to each other to manage risk.

Accept what we cannot control: The market will fluctuate by going up or down, and there will be unexpected events. Accepting this reality can help us to stay calm and rational when faced with losses. Likewise, we must be prepared to lose what we can afford to invest. Otherwise, do not invest in risky financial instruments such as stocks or bonds.

Market ups and downs are inevitable. Understand historical trends and cycles, but accept that short-term volatility is unpredictable. Don't let emotions like fear or greed dictate our decisions. Black swan events like geopolitical crises or economic shocks can impact markets significantly. Focus on building a resilient portfolio that can weather such storms.

We cannot control how others behave in the market. Avoid getting caught up in herd mentality and make decisions based on our own research and analysis.

Focus on the long term: As an investor, do not get caught up in the short-term volatility of the market. Instead, focus on our long-term goals and make investment decisions that are aligned with them.

Resist the temptation to time the market and frequently trade our investments. Historically,  buy-and-hold strategies with diversified portfolios have yielded better returns over long periods. Actively trading is stressful and akin to having a part-time job compared to the laid-back passive mode of an income investor who does nothing but gets paid with dividends consistently.

Live virtuously: Stoicism emphasizes the importance of living a virtuous life. This means acting with integrity, fairness, and wisdom. These qualities can also be applied to investing.

Choose companies that align with our values and operate with good governance. Transparency and responsible business practices contribute to long-term success.

We should not set unrealistic return goals that might tempt ourselves to take unnecessary risks. Always understand that consistent, stable growth is usually more effective than chasing unsustainable gains.

Remember, stoicism is not about eliminating emotions entirely, but about recognizing and managing them effectively. By applying these principles, we can cultivate a calmer, more rational approach to investing, leading to better decision-making and potentially achieving our financial goals.

Thanks for reading. Happy Dragon Year!

With love & peace,


Saturday, February 10, 2024

Why I Top Up SRS Early in the Year instead of Year End?


I started to top up my Supplementary Retirement Scheme (SRS) account since last week.

Even though the amounts I topped out are small, they help me to slowly but steadily conquer the full annual contribution limit of $15,300.

I have contributed $403.10 to SRS so far using "free" passive income from Savings Bonds interest and IPPT award monies.


I plan to continue contributing to SRS using savings and "free money" from dividends this and next month.

My target to complete the contribution cap of $15,300 by end Mar 2024.

It is only February and why do I start contribution so early in the year instead of waiting till end of the year?

Let me share 5 reasons why.

1. Investment Goal and Opportunity

As the long-term investment goal for my SRS investment portfolio is to accumulate and go heavy on OCBC bank, ironically the bank of my SRS account, I always target to add more OCBC banks shares before April of every year using SRS funds. This is because OCBC pays dividends in May and August annually and the earliest XD to qualify for May's dividend is early May.

The earlier I load up my SRS account with funds, the better I will be able to capitalise on investment opportunities from occassional dips in OCBC share price.

As of now, I only have around $2k in my SRS account. I will have to top up at least $5k soon in order to have a chance to nibble more OCBC shares.

As I have an investment plan, my funds in SRS seldom lie idle and will be deployed to good use soon after they are injected.

2. Avoid Procrastination

We all have a tendency to put things off till the last minute. Topping up SRS early removes the temptation to delay and ensure that I complete this financial assignment early to qualify for tax relief as well as building up my retirement readiness.

I may also not have the spare funds during year-end for SRS contributions as my funds could have been deployed in other cash-related investments or paying off credit card bills incurred from holidays or furniture purchases.

3. Psychological Advantage

Contributing to SRS early in the year becomes a positive habit and sets a morale boosting tone for the year. 

This helps me to establish a consistent saving habit to achieve financial freedom and ultimately retirement. It becomes less of a burden and more of a natural action.

By building up my SRS investment portfolio early of the year allows me to move on and focus on building my SGX cash portfolio next. I will get a better sense of accomplishment and feel more motivated psychologically towards achieving my financial goals.

4. Reduce Spending Temptation

By contributing to SRS early, I will reduce the temptation to spend my money on travelling or unnecessary things in the early part of the year.

The commitment to allocate huge portion of my savings towards SRS funding instills strong discipline in my financial budgeting objectives and forces me to prioritise long-term financial goals over short-term spending impulses.

5. Compounding growth

Compounding is the 8th wonder of the world. As my funds become available in SRS early in the year, they have more time to stay invested and potentially generate returns or reap dividends earlier.

These dividends then get recycled back into my SRS to become investment capital, potentially earning additional returns in subsequent periods. Such continuous periods of compounding will accelerate the growth of my SRS portfolio allowing me to cruise towards the journey of financial freedom more effectively.

I look forward to completing the $15.3k contribution cap of SRS in the coming weeks

Thanks for reading. Wishing everyone a Heng Ong Huat Dragon Year ahead!

With love & peace,

Friday, February 09, 2024

Added DBS. Averaging Up or Down?


Today is Lunar New Year eve. Happy Dragon Year to everyone in advance!

I decided to nibble DBS (SGX:D05) to give myself a forever stream of ang baos and perhaps due to fear of missing out (FOMO).

There it goes. My order is filled at $32.38.

My last purchase was in June 2023 at $30.80.

Am I averaging up or down?

Technically I am averaging up because I added shares at higher price compared to previous purchase. The net cost of my 2023 tranche is $29.95 after lessing off dividends collected and inclusive of trading costs in 2023.

Realistically, I am averaging down because there is cum-dividend of $0.54 and a 1-10 bonus share offering. The dividend and bonus shares are worth at least $3.74 ($0.54+$3.2) for each DBS share owned. Hence the net cost of DBS is only $28.61 assuming we bought at $32.38.

DBS is the world's best bank and it currently yields more than 6% despite at more than 40% above book value of $23.

Ideally I would like to get DBS at below $30 per share however my fingers are itchy and getting impatient. It is also very difficult to time the market.

Besides, the looming 4 quarterly dividends of $0.54 for FY 2024 and 1-10 bonus share (subject to approval in AGM) are almost certainly guaranteed. I believe DBS is the best candidate to compete with all the top quality Reits in my SGX income portfolio for the long-term by providing consistent and stable passive income while preserving its share price.

DBS has a great track record of rewarding shareholders consistently and steadily with growing dividends and capital gains over the past decades. It should continue to do well in this sustained high interest rate environment clouded by noises and uncertainties. Even during low interest rate environment, DBS will be boosted by lending of cheap monies by institutions and retail customers.

Should the share price of DBS plummet below $31 or $28 in the future, I shall add more shares to increase investment in this world's best bank.

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

With love and peace, 

Thursday, February 01, 2024

My early $200 Ang Bao

I earned an early ang bao from Mindef by taking an Individual Physical Proficiency Test (IPPT) today.

For Singapore guys, IPPT is an annual national service (NS) liability for those who are certified fit and have not completed the 10 operationally ready cycles after completing full time NS.

I am surprised to be able to do 31 standard push ups and 38 sit ups, clocking 40 points out of 50 in my age group for young uncles between 37 to 39.

I then need to run under 15 mins for 2.4km to earn 21 points to achieve at least 61 points in total to qualify for a $200 incentive.

The weather was good with cool breeze during sunset today. Track conditions was dry and perfect too. 

I managed to drag my weak legs wrapped in a pair of tattered decade-old Nike shoes for 14:29 mins from the 2.4km run to pass with 65 points for $200 incentive!

Fitness is Wealth.

This shall be one of my last few attempts to take fitness tests in life.

This achievement will motivate me to exercise more this year. 

Wishing everyone good fitness and wealth in the upcoming Dragon Year.

Thanks for reading.

With love & peace,