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.

3 thoughts to “Summary of September 2015 Transactions”

  1. Great shake up there with your portfolio.

    I also noticed that you have a rather huge percentage holdings in transport related but you probably shift away from smrt soon.

    1. Hi B,

      Thanks for your advice. As mentioned, it was a mistake I made in my earlier “green horn” days.
      I will sell it if I have something better to buy. I do hope the Rail Financing Framework will actualize which will trigger stock prices to go up and to minimize my losses when I exit this trade. SMRT is actually profitable from the retail and advertising stream, however high labour cost and maintenance expenses have eroded its profits.

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