Sunday, 1 July 2018

My Stock Dividend Income For June 2018/ I bought more shares of this REIT

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.

Stock Portfolio (Cash)

The following companies will be contributing to my June 2018 Dividend Income:



June is a typical low dividend period for my portfolio. I will be expecting another fat angbao from RHT Health Trust in Aug as they finally distribute the outstanding dividends owed by Fortis Healthcare.



July will be an exciting month as REITs start to report their quarterly results.  I picked up more Ascendas Hospitality Trust shares in June. I added after they acquire 3 Osaka hotels. Yes. After the earthquake. I siao? Keke. There's no damages to their properties and I believe they should have some insurance policies against such events. I see that as an opportunity to buy some more at discounted price against NAV and at an attractive yield. In fact, the share price was quite resilient after the quake. My recent purchase price was $0.77 which was higher than my initial purchase price of $0.71. I now have a total of 20000 AHT shares after the purchase. Looking forward to juicy dividends from them in Nov. DBS gave it a Buy Call. link

My First Month's Forex Trading Results Using The New Strategy

Background

This is an update to my earlier blog post regarding trading Forex. The post could be found: here. The trading was done using a demo account. When trading a new forex strategy, always use a demo account first. There are people who feels that trading a demo account is unlike the real thing as it doesn't take the human trading psychology into consideration. No real money is at stake here. However, think about it. If you are not successful trading a demo account, what's the chance of making money trading live? A demo account could actually boost your confidence in the trading strategy before going live. The difference between a demo account and live account is no real money is involved. Of course the broker may offer you $100k of play money to trade with. Always choose the amount that is closer to the amount you would trade with in real live. Take at least 100 demo trades following your trading plan before trading real money. Your trading plan should consist of your trading strategy and money management rules. You could also include stuff such as the time you would dedicate to trading per day/week, the currency pairs to trade etc. 


My Trading Results

My Forex Trading results for the month of June is as follows. My account was up by $415.69. That's an increase of 3.95% for the month of June. Of course, that's not a stellar performance compared to what some gurus would like to tell you. I could trade higher lot size to boost my account faster. However, that would also mean larger draw downs if several trades go against me consecutively. Traders will need to mentally deal with losing trades and the feeling is different when the amount involved differs. I was only risking 0.5 - 0.7% of my account per trade. 

I did a total of 25 closing trades during June. I have 2 open trades currently which should close next week. I trade 15 min charts and my trades are usually less than 1 day. I trade during US and London market opening hours. I do not stare at the charts whole day. When there's valid setup, I would place trades with stop loss and take profit price. If the entry price hasn't been reached, I would set price alert on my mobile to inform me when the price is hit. I may also set pending order. As could be seen from the screencap, not all my trades turn into winners. However, with the proper money management rules in place, my account still turn out to be profitable at the end of the month. I blogged about Money Management in an earlier post which could be found: here.


The table below is taken from Myfxbook which shows how risky is the way I trade. There is less than a 0.01% than my account size would take a 10% loss. It would take 24 consecutive losses to achieve that. I would continue to trade demo until 100 trades are reached. A sample size of 25 trades and 1 month's result is still insufficient to go live in my opinion.



P.S - Advertisers/Marketeers, please don't advertise your products/services on my blog without my permission. I will delete your posts.

Saturday, 16 June 2018

My Application Results for Astrea IV Bonds

The application results for Astrea IV bonds is out! Good news for those who have applied. Even though the bond is 7.4 times over-subscribed, all valid applicants manage to get some or even full allocations. Those who applied $4000 or less would receive full allocations.

I also tried my luck in getting some even though I always waste $2 kopi money when it comes to applying IPOs. I didn't forsee I would get full allocations so I tried applying $11000. I expected myself to get at most $2000. I thought it could be a balloting process. If I applied $11k, I might join the second group where the competition would be lesser.



Much to my surprise, I got more than I expected. Thanks Temasek!


Saturday, 9 June 2018

My Preferential Offering Results for Frasers Logistics And Industrial Trust


The result is finally out! I bought 5000 shares of Frasers Logistics and Industrial Trust last month and was entitled to 500 shares. I applied for 9500 excess shares. So how many shares did I manage to get?


When I logged in to my CDP account, I saw a total of 6500 shares. I have received 1000 excess shares. My initial purchase price was $1.04. My average purchase price was brought down slightly to $1.025. The closing price on Friday was $1.04. Let's see how the share price will fare on Monday. The European properties acquisition was supposed to be yield accretive and non-dilutive at the PO price of $0.967. With that said, market could be irrational. Just look at recent drop in Netlink Trust's share price. Ceo had to go in support. Good luck to those who have also applied! Hope everyone can get more excess shares! Huat ar!


Saturday, 2 June 2018

My Forex Trading Journey Reboot


Why Forex

It has been a while since I last blogged about Forex Trading. What attracts me to Forex Trading:

1) It is as easy to go short on a currency pair as it is to go long, unlike stock.

2) It is possible to focus just on a few major currency pairs.

3) The Forex market is still open at night for those of us staying in Asia. US market has just opened. I can take positions before going to bed.

4)  No direct correlation to the stock market. Even if stock market is going down, it is still possible to make money from Forex trading. I view it as a form of diversification. 

Why I Abandoned My Previous System

I have abandoned my previous method of trading Forex as the way I traded requires me to sit in front of the computer screen and wait for the potential setup to appear. Below screenshot is a glimpse of how I would trade previously.

On a downtrend: Go short when both the yellow bar and red wave appears after a pullback.

Moving Forward...

The ideal trading system which I have in mind is some form of trigger system that could alert me when potential trade setup takes place. The alerts could be sent via mobile phone or computer audio. Upon a setup trigger, I would then head over to my computer screen and decide if I want to take the trade or not.

I recently came across an MT4 indicator that has the capability to achieve this. Unfortunately, it is not free. The methodology is a trend following system which means we will only follow the buy signals when the currency pair is on an uptrend, and vice versa. The alert signals would provide clear entry, stop loss and take profit prices. I am currently in the midst of testing the accuracy and whether the system would be profitable in the long run. I would provide more updates and do a review of the system if it turns out to be profitable through my demo testing. As always, Demo Trade First! 

P.S - Advertisers/Marketeers, please don't advertise your products/services on my blog without my permission. I will delete your posts.







Sunday, 27 May 2018

My Stock Dividend For May 2018

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.

Stock Portfolio (Cash)

The following companies will be contributing to my May 2018 Dividend Income:


Frasers Logistics & Industrial Trust and Silverlake Axis are 2 companies added to my share portfolio this month. My purchase price for Frasers L&I's shares was $1.04. I will be subscribing to it's Preferential Offering in the coming week. My purchase price for Silverlake Axis's share price was $0.53.  The company did share buyback  between 15th - 18th May. The CEO and 1 independent director also bought the company shares this month. Cache Logistics Trust and Starhill Global Reit are 2 companies that continue to give disappointing results. *Shake head*

Dividend income improve in May 2018 compared to previous Mays


Saturday, 5 May 2018

I Sold This REIT at a 27% Loss.

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.

The REIT that caused me to lose so much is none other than Lippo Malls Trust. My purchase price was $0.44 and I sold it at $0.32 on Friday. The reason why I sold was due to the dismay quarterly result. I should have sold this REIT earlier. :(


Weakening Rupiah and new 10% tax contributed to the drop

Based on my purchase price of $0.44, my yield would not be attractive. It is not that hard to find a better REIT that could produce above 6% yield moving forward. The NAV as at 31 March 2018 was $0.30. The closing price as at 4-May-2018 was $0.32. The share price is currently trading above the NAV. With all the negativity surrounding this REIT, I feel there is a chance for the share price to drop further. With that said, $0.32 seems to be a current support line. The buy volume at $0.32 was also much higher than the sell volume at $0.325 when I sold on Friday. 

Things are not all grim at Lippo Malls Trust. Trivia question: Can you guess how much bonus the previous CEO received for FY2017 when she retired in March 2017? 

 


At least a million dollar was given for the CEO post for FY2017!!!



Salary 7% and Bonus 78%? How is that even possible? 8th Wonder of the World?! Best Employee of the Century?!