Sunday, 30 June 2019

My Funds Allocation as of 30 June 2019

Disclaimer: This blog post is for entertainment purposes only where I share my findings and opinions about stocks. It does not constitute any buy or sell recommendation. Always DYODD before making any trade or investment decision.

It has been a while since I last update my blog. In this blog post, I will show my overall funds allocation. The funds allocation only show my local stock positions bought with cash and does not show foreign stocks and stocks bought with CPF OA/SRS.

Allocation as of 30 June 2019

It is difficult to see the allocation of the individual items so I will summarize my top 5 positions below.

My local stock portfolio consists mainly of REITs and I am sure there are those who feel that I have over diversified into too many counters. Instead of buying REITs ETFs, I prefer to do my own research and buy individual REITs when their stock price gives a dividend yield which I am happy to invest in the company. As a shareholder, I am also able to attend the company's AGM to learn about the company's future prospects and hear how the Management answer tough questions from investors when they are not doing a good job. My CRCT position has grown quite significant compared to other stock holdings. My warchest is made of funds parked inside my top 3 positions. I will probably be buying more shares if CRCT issues Rights or Preferential Offering to buy 3 properties from it's Sponsor. At some point, I may have to reduce my stake in this REIT. I am still confident in the Management and believe they are going to do well moving forward.  On a positive note, I am finally seeing some light at the end of the tunnel for my Cache Logistics Trust's position. I have finally broken even for this counter with the dividends collected over the years. Likely could see a bump in DPU for upcoming distribution.

As a shareholder of  Challenger, I am quite disappointed with the company that they tried to delist the company at a "cheap" price. Hupsteel just announced on Friday that they are going to delist their company at $1.20 which represents a premium of 51.9% over their last transacted price of $0.79. This is a much better offer compared to Challenger's offer. Hopefully, Challenger could come up with a better offer if they wish to delist next year.

My dividend income received for the first half of the year is shown below.

P.S  - Wow! My first blog post in 2019. Time flies. Didn't realise I haven't update in quite a while.

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