NOTE
- I have changed the format for my Portfolio Breakdown to a Pie Chart with Individual Stocks breakdown as I'm down to a more visible (for pie chart) 9 main stocks (SPH removed as left with odd lots) and no indiviual stock is too dominating (previously, Popular was more than 1/3).
- Although the inclusion of the 'Cash' component is meant to provide a better picture of the investment performance, the enlarged Base (denominator) gives a more conservative % returns figures when it's profitable and a less negative % returns figures when it's loss making. Further, my Living Expenses comes from here (no Active / Work income) and that skew the results somewhat.
Portfolio Breakdown
My portfolio (at cost) of S'pore stks for Q113 close,
- Size (excludes cash) : -16.75% (Cost) / -2.26% (Market Value)
- Portfolio Performance vs End-2012 Mkt Value : +12.81% (Unrealised) + 5.44% (Realised Profits) + 0.34% (Div) = +18.51%
- Further Breakdown of Realised Profits : +5.03% (Stocks Bought before 2013) + 0.41% (Stocks Bought in 2013)
So, +18.51% vs +4.45% (STI), better than STI. Quite unbelievable, looks scary…. Very high chance it's just a case of a 'Rising Tide Lifting all Boats' ie. the Bull market is making us look good… Have to constantly remind myself not to get complacent and continue to put in more effort to do my homework in my analysis and not take unnecessarily higher risks…
Many of my old favourite Yield Stocks are hitting PE close to 20 + many REITs hitting <6% (even <5%) Yield and >30% premium over NAV. Even mid-caps stocks are beginning to look expensive. After selling (always too early), I'm now stuck with Cash not yet deployed (a very rare situation for me). For Q213, I'll have to get busy analysing new stocks to buy… With STI ~3300 and many companies expected to be hit by rising expenses (especially Labour and Raw Materials – Inflation), the focus has to be to only invest if the odds are stacked in my favour ie. to be patient and only invest if there's anything worth investing. In the meantime, perhaps more short term trading activities, starting with April Quarterly Reporting season for REITs…. 😀
Portfolio Changes (vs Q412)
- New Additions : STX OSV, SaizenREIT
- Increases : KGT
- Decreases : Popular, HLFin
- No Change : Sabana, SBSTransit, NeraTel, AH-Trust, SPH
- No More : SingPost, Sarin, SPH (left only odd lots)