Sold all 230 shares of iShares MSCI World @ USD 53.9 to continue reducing my equity allocation.
iShares MSCI World gave me a 9.72% CAGR for a holding period of 3 years. iShares MSCI World has 61.85% of it's holding in US stocks. Instead of MSCI World, I'm considering Berkshire Hathaway Inc if I want US exposure next time.
Monday, October 15, 2018
Friday, October 12, 2018
Blood in The Street & Recent Sale
I added BT PLC on Tuesday (read here) as I felt smart money was switching to defensive play to prepare for blood in the street. I wasn't expecting the blood shedding to happen almost immediately on the next day. Dow lost around 800 points on Wednesday and 500 points on Thursday. Looking at the longer horizon, we need more sell off for value to emerge.
When market recovered slightly on Friday, I took the opportunity to sell some of my shares that were more "cyclical" or shares that I didn't intend to hold for longer term:
When market recovered slightly on Friday, I took the opportunity to sell some of my shares that were more "cyclical" or shares that I didn't intend to hold for longer term:
- 3000 shares of Sinopec Engineering @ HKD 8.05. I first bought it in August 2016 with average price of HKD 6.64. Both capital appreciation and total dividends received gave me a CAGR of 11.25%
- 180 shares of BHP Billiton PLC @ GBP 15.844. It was a good ride for me as I bought it around GBP 9.65 in August 2016. With all dividends received, it gave me a CAGR of 33% per annum. I like BHP Billiton PLC and I will definitely look at good opportunity to reenter.
- 320 shares of British Land Co PLC @ GBP 5.744. I wasn't sure what the impact of BREXIT towards UK property prices and rental incomes would be. The 10% tax slapped on the distribution was also the second factor for me to exit the position.
Aside of selling equities, I also sold all my holding of United SGD Fund Class A (short term bond unit trust). My equity allocation is now a lighter 40% vs bond/cash of 60%. I'm looking forward to increase my equity allocation again when STI broke below 3000 psychological support.
Wednesday, October 10, 2018
Recent Buy - British Telecom (BT PLC)
Bought additional 1200 shares of BT PLC @ GBP 2.276 yesterday.
This purchase brought my total holdings to 1780 shares with average price of GBP @ 2.837. At GBP 2.276 and the last dividend of GBP 0.1540, it gave a yield of 6.766%. It was trading around 11.2-11.3x PE. On 5th October, David Einhorn said "BT Group shares were cheap" according to CNBC news on 5th October. Link to news here.
On a bigger picture, I observed that telecommunication sector seemed to strengthen as a whole. This might just be a rotational play as this sector was battered rather badly recently, OR it could be smart money switching to defensive play in preparation for blood on the street. My view is more inclined towards the later.
This purchase brought my total holdings to 1780 shares with average price of GBP @ 2.837. At GBP 2.276 and the last dividend of GBP 0.1540, it gave a yield of 6.766%. It was trading around 11.2-11.3x PE. On 5th October, David Einhorn said "BT Group shares were cheap" according to CNBC news on 5th October. Link to news here.
On a bigger picture, I observed that telecommunication sector seemed to strengthen as a whole. This might just be a rotational play as this sector was battered rather badly recently, OR it could be smart money switching to defensive play in preparation for blood on the street. My view is more inclined towards the later.
Sunday, October 7, 2018
Recent Sale - M1
Sold all 1600 shares of M1 @ $2.1
While there is a likelihood for a bidding war on M1 to happen, I think it will take some time and there is a possibility that things to develop against my favour.
I feel it's best for me to free up cash and deploy it for another investment opportunity.
Saturday, September 29, 2018
September 2018 - Yaruzi's Portfolio Update
September was an exciting month. Keppel Corp & SPH joined forces to offer $2.06 a share to take M1 private. It's a smart move for them to make such an offer when M1 traded near it's 5 year low. Looking at the last closing price of $2.11, I thought it would be unlikely for the other M1 major shareholders to accept the offer price. A bidding war might just be on the card. It's going to be interesting, though I may not be as excited as B from Forever Financial Freedom or STE from STE Stock Investing Journey, as my M1 holding is only 0.49% of my total portfolio.
Another Singapore telecommunication player, Starhub, announced that it would make a change in it's organisation structure that could result in layoffs amongst it's 2,500 employees in a bid to stay "agile and lean", ahead of new challenges, disruptions, and threats.
Portfolio value was $691,935.99 as of end September with $4,000 fresh fund injected. Return YTD was 1.91%, XIRR YTD was 2.63%, while XIRR since inception increased slightly to 5.83%. Equity allocation increased to 43.06%, while bond/cash allocation was 56.94%. Total dividends of $1,176.66 was received in September.
Link to Yaruzi's low cost portfolio as of September 2018
Another Singapore telecommunication player, Starhub, announced that it would make a change in it's organisation structure that could result in layoffs amongst it's 2,500 employees in a bid to stay "agile and lean", ahead of new challenges, disruptions, and threats.
Portfolio value was $691,935.99 as of end September with $4,000 fresh fund injected. Return YTD was 1.91%, XIRR YTD was 2.63%, while XIRR since inception increased slightly to 5.83%. Equity allocation increased to 43.06%, while bond/cash allocation was 56.94%. Total dividends of $1,176.66 was received in September.
Link to Yaruzi's low cost portfolio as of September 2018
Subscribe to:
Posts (Atom)