Thursday, August 31, 2017

Portfolio Update August 2017

August has been a very busy month for me. I went overseas twice, one for holiday and the other trip was sort of volunteer work, something to do with my hobby. Before I realize it, the month has come to the end.
There were some global and regional events in the month - North Korea fired a missile over Japan, China and India standoff at the border, etc, but the global stock market did not seem to be affected by them badly.

The STI did not do well this month. Some analyst said that Singapore stock market look bearish at this moment. I feel that as the index has gone up more than 13% year to date, a certain pull back is quite natural and should not be a big issue. As at today, STI stood at 3,277.26, down 53.49 points, or 1.61% from last month. My portfolio did better than the index. Its value dropped only 1.15%. However it still under-perform the index year-to-date.

One structure note that I invested through DBS a year ago matured this month. As the note was bundled with the telcos and M1 shares performed badly last year, it hit the strike price and I end up receiving some M1 shares. Even when I considered the interest received for the year, there is a loss of about 15%. Bad luck! Lesson learned: Avoid structure product from the bank!

I did no other trade in stock but invested in some corporate bond. Bonds are "safer" investment and provide good regular passive income. At my current state of life I am going towards lower risk investment.

I received a total of S$28,950 in dividend, 60% from shares and 40% from bond and UT investment. This is the first time dividend in August has surpassed that in May, due to bonds paying coupon in August.

Below are my top 30 holdings in August. M1 now becomes my top holding.

1. M1
2. OCBC Bank
3. DBS
4. ComfortDelGro
5. SPH
6. Ausnet Services
7. Metro
8. ST Engineering
9. Kep Inf Tr fKa CIT
10. Frasers Comm Tr
11. CapitaComm Tr
12. CapitaLand
13. SGX
14. AIMSAMP Cap Reit
15. Sembcorp Ind
16. Lippo Malls Tr
17. Tai Sin Electric
18. SATS
19. Sing Inv & Fin
20. Global Inv
21. Keppel Corp
22. Starhub
23. YZJ Shipbldg SGD
24. United Engineers
25. OUE
26. Ascendas Reit
27. Nam Lee Metal
28. Nikko AM STI ETF 100
29. Mapletree Log Tr
30. Cache Log Trust


Singapore Man of Leisure said...


Welcome to the world of semi-retirement!

Most structured products have asymmetry risks.

Win, only win a bit in interests.

Lose, as you have found out, a lot more than the interest!

At least you didn't kenna the Lehman mini-bond kind...

Stay away from sweet talkers.

Ah! Volunteer work.

You sweat; but it does not feel like "work".

Your financial independence is not about me, me, me ;)

Peace be with you.

LKH said...

Wow, what is the strike price of your M1 shares?

STE said...

Hi Sanye ,
Yah,, structure product is like " black box " for me... I ever invested in such product and lost around 30% of my invested capital... it was link to DJ index and some tech stocks ...yah..indeed . lesson learned ,,,
Investing is a journey that never ending and keep learning new thins .. :-)

Sanye ◎ 三页 said...


Wah Lau eh you still want to put salt into my wound..... LOL. Strike price 2.519. Honestly I didn't expect M1 price to drop so much.

Sanye ◎ 三页 said...

Dear SMOL and STE,

Yes this is a good lesson learned. Say NO to structure product.


Anonymous said...

hi sanye
so did u get rid of any other structured product which u have left?

Sanye ◎ 三页 said...

Hi Anonymous,

There is still on left in my portfolio, which is linked to Comfortdelgro. If I sell them now I will already incur loss.

Bad luck for me.

K said...

Hi Sanye,

All the "government-linked" blue chips are having a very bad spell this year; SPH, Starhub, M1 ComfortD. I sure hope this is not a new trend and they will restructure and move back up. Not sure why the regulators are destroying value. :((

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