1. Core Portfolio
With most stock markets staging impressive recoveries in the past month, I couldn’t see any opportunities to add to this core portfolio. Coupled with the fact that the recent SSB rates have been disappointing, there’s been no addition on this front too.
Compared to the previous month, the value of this portfolio is up by almost $3,000.
*The two numbers are in USD
2. Local Stock Portfolio
I will be honest here. With a core (and somewhat passive) portfolio that I target to reach $200,000 by the end of 2017, I can visualise myself becoming quite comfortable holding another 5-10 stocks separately.
With that in mind, I have actually made quite a few transactions this month. I sold off my holdings in Wilmar & Dairy Farm and initiated new positions in developers/property investment counters HongKong Land & Ho Bee. I even added to my position in Kingsmen in what has been nothing short of an active trading month.
Nonetheless, in the attempt to streamline this portfolio, I have to constantly remind myself to minimize potential churning costs.
On a separate note, I have stumbled upon SGXcafe, a site that helps you to keep track of your SGX portfolio. After fiddling with it for the past week, I have been impressed by the intuitive, user-friendly and aesthetically-pleasing features on its platform. So much so that I have even included a new Stock Portfolio page on this blog.
If you ever own stocks across various brokers, you will understand how useful the above can be to monitor your holdings. I also feel compelled to share since Evan, the programmer behind SGXcafe, had mentioned that “SGXcafe will always be free to use”.
3. Emergency Funds
With the recent weakness in the UK Pound, I have accumulated a further $1,000 in alternative currencies during one of my recent trips down to Raffles Place.
I have also given myself the task of finding out more about the tax reliefs of a self-employed before I make a voluntary contribution to my CPF accounts. After half a year without any CPF contributions, my entire CPF balance has dipped below $60,000 and I do believe it’s quite silly of me not to enjoy the entire extra interest the government provides.