Posts

Does The REITs-Rally This Time Round Have Legs?

Image
I am not a financial expert, so this post is just purely my personal feeling.  Learning from AK71, I am starting to talk to myself a little bit more as well (without the part on technical and fundamental analysis).  As such this post is just based on my gut feel and not supported by any statistics or numbers.  Just having fun! So since the speech by Jerome Powell on 10th July 2024, the Singapore REITs have registered a huge rebound in the following two days. Based on the Lion-Phillip S-REIT ETF, REITs staged a 6.35% rebound in the following 2 trading days (11th and 12th July 2024).  More encouragingly, the daily trading volume in these 2 days were around 10 times higher than the average daily trading volume in the past year!  This price movement, supported by the high volume, may be an indication that this run up for REITs still have legs!  Fast-forward to this week, the performance of the REITs are largely subdued (except for the US Commercial REITs) and the trading volume has normali

Reviewing My Portfolio: Strengthening My Conviction In Diversification

Image
First half of 2024 have passed and previously I did a quick review of my portfolio in the 1st quarter and 2nd quarter in my earlier posts.  I classified my portfolio into 3 components, namely SG REITs, SG Non-REITs and US Growth.  An overview to the performance of my portfolio for the past one year is shown below: Things to note: 1)     SG REITs' performance seemed stable, but that is due to consistent injection of small amounts of capital through dollar cost average (DCA) into the portfolio along the way.  Without the capital injection, I believe the drop will be quite significant, especially when the performance of the Mapletree family of REITs (which were supposedly the blue chip REITs) were way below expectations, and their share price has not really found a bottom. 2)     SG Non-REITs' performance were quite stable for the first half of period under review.  The spike in value on week 42 is due to large capital injection and portfolio rebalancing to include Development

Adding On To My Investment In CapitaLand Ascott Trust

Image
Do note that this is not a buy or sell recommendation.  This is solely my personal reasons for adding the shares into my portfolio.  Do perform your own due diligence! Recently, share prices of the Singapore-listed REITs are back to their near term lows, and for many REITs, their prices are actually very close, or at their 52-week lows.  To many die-hard fans of REITs, including myself, we are always happy to dollar cost averaging down on the REITs to capture the high dividend yield of quality REITs at rock bottom prices.  However in the past one to two years, I think REITs-investors like myself had borne the brunt of the "low getting lower" share prices for the REITs, so much so that many of us are actually running out of war chest, or some may decide to pause and take a look to see where the price supports actually lies, before continuing to invest. Personally, I am not planning to wait as I do not know where the price supports are, or when the share prices of the REITs are

Portfolio Update Q2 2024

Image
This month marks the end of the 2nd quarter of 2024.  Thus it's definitely a good time for me to record the performance of my portfolio to track how it has been. To recap, I started my SG Dividends Portfolio in late 2017, and I began tracking the dividends and all reinvestment done starting 2018.  To date, my SG Dividends Portfolio consist of banks, REITs and defense technology.  On the other hand, I only started the US Growth Portfolio in late December 2021.  Currently, my US Growth Portfolio consist of mainly big tech names, bank and exchange traded funds (ETFs). Being a relatively conservative investor, I prefer to dollar cost average (DCA) into the market to slowly build up my portfolio.  The advantages of using Interactive Brokers to buy the US shares via DCA are undoubtedly the low fees and ability to buy fractional shares of mega-cap technology shares like Alphabet and Tesla.  The latest FED meeting in June has once again successfully caused more confusion in the market. 

The Latest Nerf To HSBC Revolution Card May End My Miles Chasing Game

Image
In mid-June, HSBC released another 'bomb' to HSBC Revolution Card users like myself, which includes: 1)     Starting from 15th July 2024, all contactless payments will no longer be eligible for bonus points. 2)     Starting from January 2025, all travel-related payments will no longer be eligible for bonus points. Since getting the HSBC Revolution card in 2022, this has been my primary card to accumulate points for my miles game, with the purpose to exchange for a Singapore Airlines Business Class experience for 2 to bring my mum somewhere for a nice vacation in time to come.  Yes I know, it is always simpler to just buy the tickets to travel, but the cheapskate in me finds that paying for Business Class tickets is quite a "lugi" trade, as I can pay for the same journey at a fraction of the cost travelling via budget as I always had. In my earlier post , I mentioned that my lifestyle have somewhat inflated a little while chasing for miles, and I think I will only play