Nov 18 (and Dec)
SIA Engineering Bought SIA Engineering at $2.80 (Nov) and $2.40 (Dec). It dropped further to $2.20 (Dec) and I thought ok, buy again at $2 but it didn't thanks to the market floating all boats. I did my review on it too.
Dec 18
Singtel Bought more at $2.96. I didn't have the time to monitor the prices, so I just bought at whatever price it was at since it was bargain sales week (lowest was $2.80, but I thought since my last target entry price was $3, I will buy again at $2.70, which didn't hit). It's funny when you think back about the days you go shopping without really looking at the price tag.
Mar 19
Cache Log Trust and OUE H Trust I sold all of them both for the same reasons. I just didn't like that their debt is ever increasing, yield decreasing (because of units diluting the pool and/or falling rents).
First write-off and hopefully the last
The bad thing about buying shares is that you can lose money. The good thing about losing money in shares is that it doesn't hurt as bad as handing over cash to a person or seeing a deduction line item in your bank account statement, because the deduction happened some time back in history and you haven't seen that amount around for some time. I wrote-off $12+k in Hyflux preference shares. This event prompted me to review all my holdings to rid the ones with bad cash flow and I ended up selling Cache Log Trust and OUE H Trust. I am not touching unsecured bonds/preference shares until the next market crash resets all the balance sheets.
Autowealth rebalancing
Autowealth rebalanced itself in Dec 18 and Feb 19. In Dec, it sold europe ETF ($48) at a lower price than the purchase price ($59) to buy total stock market ETF at $120. In Feb 19, it sold the total stock market ETF ($140) and bought europe ETF at a higher price ($52) than it was sold in Dec ($48). Under normal circumstances, I wouldn't have sold in Dec 18, but would have just injected cash to buy more, which I did, but the rebalancing still kicked in! That's why it's called robo... you follow the algorithm strictly.
Some random and interesting observations
- Singapore Savings Bonds (SSB) has a portal (log in with Singpass) where you can view your combined cash and SRS SSB holdings. It made me wonder why they built it because we don't have a combined CDP portal for cash stocks + SRS stocks.
- Boardroom sent me an email to notify me about their Annual General Meeting! I am so happy to see them stop sending snail mail.
- Just 6 months ago, I was looking at -8% portfolio loss. It's -1% now, which means my portfolio value increased 7%. The rate of increase is about half that of last year's.
