This post is way overdue, but still needed nonetheless. October was a decent month for both BF and my portfolio performances, and I am quite pleased with it, although not complacent. At the end of October, my time-weighted returns have reached 11.33% with an XIRR of 18.09%. Although the STI’s performance to date has been +17.12%, I only got vested in May. Therefore, it would be more accurate to compare my results with the STI as to how much it has increased since then, instead of January. Using the STI ETF as my yardstick, I have managed to gain a lead of 5.88% as compared to a 5.45% increase over the past 5 months (that number has since increased to 6.26%).
One of my holdings, Keong Hong outperformed exceedingly. At the time of writing, my returns have shot up to 18.27% on this stock alone. I will consider myself very lucky, since this was the first value stock that I have bought this year.
ComfortDelgro still bleeds red with -11.24%, while Tat Seng Packaging and the other REITs are doing well, and as expected, particularly with all of them having Ex-Dates on the end of October or beginning of November. They bring the numbers for the amount of dividends I have collected this year to $596.40, and it would probably stay this amount until the end of 2017.
Speaking about the REITs, I took a look at the reported earnings for all my three holdings. It would seem that SGR is not doing as well as expected, and here’s a comprehensive article about it to keep you interested, so that I don’t have to do the work. :p Anyway, it’s back in my watch list for now, and until I find something better to place my money in, I’ll like to still be a proud “owner” of Wisma Atria and Ngee Ann City.
With Nikko AM STI ETF hitting another high, it is most ideal that I would hold on to more cash. As prices go up, margin of safety narrows and the risk that I would have to take would also naturally increase. Value is harder and harder to find now in SGX, and I guess that patience is the only thing worth betting on now. The last I’ve bought a stock was exactly one month ago, and I have to give myself a pat on my shoulder for being disciplined enough not to jump into any “opportunities”. Well done, Miss Niao!
First REIT – 1.62% ($83.46)
Starhill Global REIT – 1.57% ($79.20)
AIMSAMP Cap Industrial REIT – 1.84% ($94.35)
Thanks for reading!
Miss Niao xoxo.