Friday, July 10, 2020

June 2020 - Yaruzi's Portfolio Update

June was a good month for dividends. I received dividends of $7,427.88, bringing dividends YTD to $11,509.76. Despite bumper dividends received and a fresh contribution of $5,000, the total portfolio dropped to $855,018.41. Return YTD was -8.59%, XIRR YTD was -16.82%, and XIRR since inception was 1.00%.

DateSecurities NameFCYSGD
1-Jun-2020Tencent Holdings Ltd112.5120.43
5-Jun-2020Capitaland Mall Trust76.5076.50
8-Jun-2020Unilever PLC58.99103.80
9-Jun-2020Ping An Insurance1,262.85225.17
10-Jun-2020Hanjaya Mandala Sampoerna1,751.221,751.22
11-Jun-2020ComfortDelgro1,285.471,285.47
16-Jun-20203M Co49.6568.83
18-Jun-2020First REIT768.18768.18
22-Jun-2020Kalbe Farma2,105,074.32205.35
24-Jun-2020Royal Dutch Shell PLC-B190.67330.87
24-Jun-2020China Mobile10,687.961,908.87
26-Jun-2020Takeda Pharmaceutical52,781.00683.20

When I reviewed the portfolio, I noticed the underperformance was mainly contributed by stocks or REITS that I considered "safe" and "cheaper" based on conventional valuation metrics such as higher dividend yield and lower price earning ratio. Those stocks that I perceived more "expensive" were the ones that held up better. If there was one thing I learned, I should have weighed more on the quality and the moat of a company rather than the valuation before investing to avoid "value trap".

On 1st June 2020, First REIT dropped by almost 30% from $0.885 to $0.635, before recovering some losses to close at $0.695, on news that Lippo Karawaci planned to initiate a restructuring process with First REIT with regards to the rental support it provided for its hospital. Due to the Covid-19 pandemic situation, the Lippo group felt that the rental support it provided was no longer sustainable. I felt the fundamental reason that made me bought First REIT in the first place has changed and that made me uncomfortable. The risk has increased significantly with First REIT future revenue and income streams depend on the solvency of Lippo Group. 

For the reason above, I exited all my First REIT position on 9 Jun 2020 at $0.715. Total loss was 18.48% after taking into account dividends received. I added Tassal Group and Carlsberg in June.

DateSecuritiesActionCurrencyQuantityPriceTotal
12-Jun-2020Tassal Group LtdBuyAUD2,800.00003.850010,780.00
12-Jun-2020Carlsberg Brewery Malaysia BhdBuyMYR500.000024.100012,050.00



Link to Yaruzi's low cost portfolio as of June 2020.

Saturday, June 13, 2020

May 2020 - Yaruzi's Portfolio Update

My portfolio performance suffered a dip in May. The hedge and the lack of allocation in US and technology companies played a big part in the underperformance. Having said that, the short term dip didn't really bother me as I invest for the long term. Unless the long term fundamental of a company has changed, I'll just ignore the noise and continue to invest and sleep well, while collecting dividends for the time being.

Return YTD was -7.36%, XIRR YTD -17.07%, and XIRR since inception was 1.48% at the end of the month. I added a fresh fund of $5,000 to the portfolio. If there was one important thing I learned throughout my investing journey aside from picking good companies, it would be having a good cash flow. The cash flow and holding power to ride uncertain times like this, so we didn't sell low and even bought more if possible, was what made the rich richer.

A lot of people think that picking the best companies is the key to successful investing. However, in my view, we should invest in ourselves first. My advice to younger investors will be to invest in yourselves so you become one of the best in your job or line of business. Combining good skills with prudent personal financial management, you will ensure a good and steady cashflow required to invest successfully. Many aspires to be the smartest, market-beating trader. Motivated by greed to get rich quick, they felt into the trap of fake gurus making money from the gullible (i.e: bei-kambing according to my blogger friends SMOL and Uncle8888)

Observing some weaknesses in May, I made quite a few purchases in the underperforming market such as Singapore and Hong Kong. See, we should always see crisis as an opportunity. There is always positive in every negative. I was particularly bullish on the long term prospects of China. I had no doubt that 20-30 years down the road, China would beat US hands down. I was also so happy that I could get my hand on a premium brand such as LVMH. I liked Hermes too, but it ran before I had the chance to buy it.

DateSecuritiesActionCurrencyQuantityPriceTotal
8-May-2020Industrial and Commercial Bank of ChinaBuyHKD11,000.00005.090055,990.00
18-May-2020LVMH Moet Hennessy Louis Vuitton SEBuyEUR30.0000335.900010,077.00
20-May-2020Raffles Medical Group LtdBuySGD10,000.00000.91009,100.00
25-May-2020Alibaba Group HoldingsBuyHKD300.0000193.700058,110.00
25-May-2020Alibaba Group HoldingsBuyHKD300.0000193.700058,110.00
25-May-2020Industrial and Commercial Bank of ChinaBuyHKD11,000.00004.940054,340.00
26-May-2020Indofood CBP Sukses MakmurBuyIDR8,000.00008,950.000071,600,000.00
28-May-2020ComfortDelgroBuySGD6,000.00001.51009,060.00
28-May-2020SATSBuySGD3,200.00002.84009,088.00

I received total dividends of $1,380.12

DateSecurities NameFCYSGD
6-May-2020Bayer AG571.05874.28
29-May-2020ST Engineering300.00300.00
29-May-2020Parkway205.84205.84



Link to Yaruzi's low cost portfolio as of May 2020.

Saturday, May 16, 2020

April 2020 - Yaruzi's Portfolio Update

Stock market indexes around the world rebounded in April. US, especially, staged a strong rebound supported by unprecedented money printing by the FED. The fear of losing out and greed fuelled the stock market up, despite many people losing jobs and uncertainties awaiting.

I bought Proshares Ultrashort S&P500 as a hedge. It is a 2xleveraged inverse ETF where it would gain value if S&P 500 lost value. I sold some China Mobile during the rebound to reduce my allocation on it and bought Ping An Insurance. I also bought ST Engineering.

DateSecuritiesActionCurrencyQuantityPriceTotal
3-Apr-2020Proshares Ultrashort S&P500BuyUSD340.000029.469010,019.46
3-Apr-2020Proshares Ultrashort S&P500BuyUSD340.000029.27999,955.17
8-Apr-2020Proshares Ultrashort S&P500BuyUSD360.000026.09999,395.96
28-Apr-2020Proshares Ultrashort S&P500BuyUSD440.000022.910010,080.40
20-Apr-2020China MobileSellHKD1,500.000060.400090,600.00
20-Apr-2020Ping An InsuranceBuyHKD1,000.000078.650078,650.00
24-Apr-2020ST EngineeringBuySGD3,000.00003.19009,570.00

As usual, I added $5,000 of fresh funds to the portfolio. Return YTD recovered from -11.55% in March to -5.48% in April. XIRR YTD was -15.91% and XIRR since inception recovered to 2.22%. Equity allocation was 79.83% at the end of April. Total dividends received in April was $280.42.

DateSecurities NameFCYSGD
1-Apr-2020Tassal Group Ltd260.77226.48
15-Apr-2020Carlsberg Brewery Malaysia Bhd166.4253.94



Link to Yaruzi's low cost portfolio as of April 2020.