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Summary of September 2015 Transactions

Portfolio_201509_Sept

I have shared the percentage allocation of each stock in my portfolio. As you can see, SMRT, ST Engineering and ComfortDelgro are the 3 top holdings in my portfolio. My portfolio is still in the transition phase to an income investor portfolio. If you follow my blog, in August 2015, I have offloaded many stocks from my portfolio. I made a nifty profit and reinvested them into stable dividend yielding stocks like ST Engineering and ParkwayLife Reit.

If you wonder why SMRT is the largest holding in my portfolio, I have to admit it was a serious mistake I made many years ago. I am still sitting on losses from SMRT. SMRT has a estimate 2% dividend yield and it does not satisfy the my criteria of a good dividend stock. I am still waiting for an opportunity (such as Rail Financing Framework) to exit this stock.

This month, the Fed has decided not to raise interest rates. The next milestone the Fed will be deciding to raise interest rates will be in December 2015. The beaten down market did not rally as much as I expected it to be. Neither did it fell much further. I observed uncertainty in the stock market as STI (Straits Times Index) hovers around the 2,900 to 3,000 range.

I remained as an onlooker on the stock market and meanwhile continue to hunt for stable dividend yielding stocks to add to my portfolio. This month, I have purchased the Singapore Savings Bonds as I have some spare cash sitting in my savings account that gives petite interest rates. Singapore Savings Bonds make up 6% of my portfolio.

I have received dividend payments from ST Engineering, Far East HTrust and OUE HTrust. The dividends shall sit in my war chest while I wait for the next opportunity in the stock market.

My Personal Analysis of The Hour Glass

The Hour Glass Store

The Hour Glass is in the simple business of selling luxury watches. They carry luxury brands like Patek Philippe, Rolex and Cartier etc. They have 41 boutiques in nine key cities throughout Asia. The Hour Glass has been accorded the ‘Best Watch Retail’ honours by Singapore Tatler in 2014.

Similar companies in the luxury watches business are Sincere Watch (Hong Kong) Ltd and Cortina Holdings Limited.

Read More

Book Review: Financial Freedom A Guide to Achieving Lifelong Wealth and Security

Financial Freedom A Guide to Achieving Lifelong Wealth and SecurityThe book “Financial Freedom A Guide to Achieving Lifelong Wealth and Security” is written by Mr Reuben Advani. The book is easy to read and has a total of not more than 150 pages. Personally, I felt that the book title is over exaggerated. At a glance, the book seems to suggest tips to achieve wealth and financial freedom. However, it is actually a personal finance book whereby the author explains in high level some financial jargon (E.g. Assets, Liabilities, Equity, Debt etc).

The author shares in this book how to plan a personal monthly budget, things to consider when financing a home, buying a car and financing an education.

There are no in depth tips on stock investment.

However, one particular chapter catches my attention which is Chapter 5 The Personal Finance Panacea – Make More Money! This chapter writes about landing in your dream job and getting promoted. The topic on getting promoted is pretty interesting. It describes how through fits of impatient sighs, we can convince everyone that one is the busiest guy in the office and involved in very important work. Does this sound familiar to you or is any of your colleagues doing that? Read More

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