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.

Reflecting on July 2020

July 2020 Stock Portfolio

This is the last day of the month of July 2020 where I share my money growing ideas, stock transactions and stocks I am watching. Basically, you can call it a self reflection if you want to. This helps me remain focused and on track towards building up my retirement portfolio.

“Don’t Allow Your Busy Life Tear Your Focus Apart”

In July, many REITs such as Mapletree Commercial Trust and CapitaLand Mall Trust has announced their quarterly financial results. As expected, shopper traffic and tenant sales were impacted by the eight-week circuit breaker and other COVID-19 restrictions. Gross revenue was weaker than expected.

Frasers Logistics and Industrial Trust and Manulife REIT are announcing their financial results on 3rd August 2020. Let us see if they sustain their financials better than retail REITs.

The negative financial results of MCT and CMT has again introduced some volatility in the stock prices. I will consider increasing my allocation of CMT in my stock portfolio should stock prices fall to attractive levels.

Looking for low risk investments to grow your money? I have earlier wrote about Dash-EasyEarn. In fact, I have signed up for it with the intent to use it to build up my retrenchment fund. With 2% interest rate per annum for the first year, this is the current best option out there to grow your money.

You might be asking why I am building a retrenchment fund? Since the COVID-19 pandemic, Resort World Sentosa (RWS) has announced a retrenchment exercise. This week, SIA announced that they are slashing their staff’s salary. I am taking precaution by building at least 6 months of my current salary. Since Dash-EasyEarn allows flexible monthly top ups, I shall be stashing 20% of my monthly salary into Dash-EasyEarn until the maximum allowed of S$20,000.

Last but not least, the recent post from “Lady, You Can Be Free” has motivated me to invest in my self learning. She has shared a few free courses and I have signed up for them to earn a few free certifications.

Never stop learning!