Posts

Initiated A New Position To Diversify Away From REITs

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As per my previous post , I wanted to rebalance my portfolio to gradually make my overall portfolio a little more diversified, because currently, based on capital invested, about 56.0% is concentrated in REITs, 34.5% in non-REITs, and the remainder in US Growth Portfolio.  However, market has its way of rebalancing my portfolio allocation for me, especially in the period after the US Presidential Elections where REITs experienced yet another deep dive in share prices while the local banks and US markets undergo a huge rally.  As such, as of 9th November, the allocation based on market value was 46.4% in REITs, 40.5% in non-REITs and the remainder in US Growth Portfolio. As a self-proclaimed dividend investor, the share price, though important from the perspective of capital gains and losses, matters less than the stability and predictability of dividend income.  Inevitably, there is a relationship between share price and distribution per unit, as the lackluster performance by any compa
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To Sell Or Not To Sell?

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Do note that the following are just thoughts and plans that I am thinking to do for myself, and nothing should be treated as advice of any sorts, because even I myself is unsure what action I should be taking moving forward for now.   Recently, a series of events that happened made me think about what I should do for myself moving forward.  These events are: 1)     The strengthening of the Malaysia Ringgit (MYR) against the Singapore Dollar (SGD), and this appreciation may continue further in 2025 as US continue to gradually cut interest rates. 2)     The US markets have continued to hit another all time highs. As such, I am contemplating to liquidate my entire US Growth Portfolio, and convert the monies to MYR and use it to pay down my mortgage loan in Malaysia.  The reasons for why I have this thought are as follows: 1)     The main advantage of this move is that it will improve my cash-flow in my Malaysia "assets", making my Malaysia investment cash-flow positive (yes, cur
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Portfolio Update for October 2024

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This will be a relatively short post, just to update on the transactions for the month. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Quick update: Basically, all this while I have combined the investment capital that I am managing for my family with my own capital.  Because of this, certain stocks in my portfolio are not shares that I would like to own, like Tesla, which is too volatile for my liking (just a personal opinion) but my family wanted.  The investment capital for family makes up about 10% of the total capital of my investment portfolio.  To simplify matters, I decided to take this opportunity to liquidate the portion of the portfolio (within the US Growth Portfolio) to return the capital and profits back to family.  Therefore, in this sale, I will sell all Tesla shares in the portfolio, and a larger composition of the shares that I would like to lower my exposure.  With this action, future quarterly updates of the portfolio will be solely mine moving f
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First Ever Equity Fund Raising By ParkwayLife REIT

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So, the magic has been broken.  Since its Initial Public Offering (IPO), ParkwayLife REIT (PWLR) has pride itself as the only REIT that has not launched any equity fund raising of any sorts, be it private placement or preferential offering.   However on 22nd October 2024, PWLR announced its first ever equity fund raising via public placement to acquire 11 freehold nursing homes in France, with 100% committed occupancy.  For quite some time, the manager has already planned to expand their strategic foray into a new third pillar besides Singapore and Japan, as a form of diversification to concentration risk and forex risk.  Therefore, this announcement came as no surprise (though investors were hoping that the manager decides to buy over a part of Mount Elizabeth Novena Hospital). As the largest REIT holding in my portfolio, it is crucial that I take an in-depth understanding of this acquisition, and take a look at how this is beneficial to PWLR in the longer term, which in turn helps to
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Time In The Market Is More Important Than Timing The Market

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"Time in the market is more important than timing the market" is one of those slogans you hear very often in personal finance circles that it almost feels cliché.  However, like a lot of these nuggets of wisdom, it holds serious weight when you unpack it, especially when you think of investing with a Barista FIRE mindset like myself, where the goal is financial independence with part-time work to supplement your lifestyle. As such, let us take a look into why focusing on time in the market is so crucial, and why trying to time the market can be a dangerous distraction. 1)     The Power of Compounding Over Time Investing is often compared to a marathon, not a sprint (traders may not agree but I belong to the clan of long-term investing).  When I invest consistently over time through dollar cost averaging (DCA), I am giving my money the chance to grow, not just linearly, but exponentially, thanks to the power of compounding (for dividend investors like myself, this is where r
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