Stock Portfolio Updates October 2020

Stock Portfolio Updates October 2020

Here is my stock portfolio updates for October 2020. This month, many companies and REITs have reported their third quarter fiscal year 2020 financial results.

Despite my busy work schedule, I will to find pockets of time to flip through those financial results that has been released. A few of the REITs that I have gone through are CapitaMall Trust, Suntec REIT and Keppel REIT.

We all know that the United States is currently undergoing through presidential election. Analysts have predicted that the stock market will go down if Joe Biden wins the presidential election. With no signs of the COVID-19 pandemic settling down in the United States and European countries, the stock market started to show signs of volatility again after a few months of recovery.

Since the Singapore stock market seems to reflect the behaviour of US stock market, the Straits Times Index started to retreat again. I took the opportunity and nibbled on CapitaMall Trust. As such, my allocation of CapitaMall Trust had increased from 9.70% to 10.06%. I will not be making big purchases since my funds are limited. Instead, I will be using the strategy of buying in small tranches over the next few months.

Last, I wanted to just share my thoughts about the COVID-19 pandemic. This is a painful lesson for many. For office workers like me, we are forced to follow whatever instructions and policies the company enforced on us. During the pandemic, I have to work on weekends which takes away valuable family time.

Many new company policies have emerged due to the COVID-19 pandemic. While some enjoyed working from home, some might not. I can assured you that most local employers are still not comfortable with their employees working remotely. Bosses get uneasy because they cannot “see” them when doing their work.

Needless to mention, you have also already read countless stories of retrenchment. There isn’t even time for the employees to be prepared. On Friday, Robinson announced the closure of all its stores in Singapore.

The COVID-19 pandemic has taught me a few things

  1. Do not be overdependent on your Employers. Employers are unreliable and untrustworthy. Build a retrenchment fund in preparation of crisis.
  2. Have an investment plan and stick to it no matter times are good or bad. Start small and accumulate wealth over time.
  3. An early and comfortable retirement can be only be achieved by value investing and accumulation of passive income through stocks that pays stable and consistent dividends, NOT through your monthly salary!

The pandemic is far from over. Thus, never let your guard down and stay safe!

Reflecting on August 2020

My Stock Portfolio for August 2020

We are almost reaching the end of August 2020 and it is time again to do some self reflection related to money growing ideas, stock transactions and stocks I am watching. This helps me remain focused and on track towards building up my retirement portfolio.

“Man sacrifices his health in order to make money. Then he sacrifices money to recuperate his health” – Dalai Lama

Last month, I mentioned that I will consider increasing my allocation of CapitaLand Mall Trust in my stock portfolio should stock prices fall to attractive levels. Unfortunately, the stock price for CapitaLand Mall Trust did not fall enough to reach my expected level. There was strong support at S$1.85. Nevertheless, I shall continue to monitor and wait for an opportunity.

Capitaland Mall Trust Share Price August 2020

Venturing Into Forex

Based on a recommendation from an old friend, I have started venturing into Forex. As I am new to Forex, I performed my transactions solely based on my friend’s advice. I have made a return on investment of 2.56% for the month of August 2020.

I have heard about how risky Forex is, thus I started with a small capital of only US$2,000.

Continuous Learning

I wrote about being inspired by “Lady, You Can Be Free”. In August, I have completed and gotten my certification on SCRUM Fundamentals and Six Sigma Yellow Belt.

Building My Retrenchment Fund

Dash EasyEarn

Last month, I signed up for Dash-EasyEarn. Dash-EasyEarn is an insurance savings plan by Etiqa Insurance that is only eligible to Dash users. If you are not familiar with Dash, Dash is a mobile wallet provided by Singtel. Similar to the Singife account, Dash EasyEarn have no monthly fees, no regular top ups required and no lock in period.

I have started to contribute a portion of my salary into Dash-EasyEarn which easily earns me 2.0% p.a. interest for the first year. Moving forward, this shall be my monthly routine until I reached the maximum allowed amount of S$20,000.

Not sure where to place your money? Read about Where Will You Put 50K? for my money growing ideas.