Friday, November 30, 2018

Transactions for November 2018

It has been a roller coaster ride for the Singapore stock market this month.  Investors seem to be swinging from optimism to depression depending on what is the favourite news of the day.  I didn't do a single stock trade, even though I was monitoring the market everyday.

1.  I subscribed for this month's Singapore Saving Bond GX18120X.  I was surprised to get my full allocation of $20,000.  At an average yield of 2.57% per annum, I thought there would be more people subscribing for this issue. 

2.  A few days ago, our financial advisor had informed us about Singlife's new 3-year endowment tranche (link).  The yield is a compounding 3% per annum.  Sadly, Singlife only allowed a maximum investment of $6,000 per person.  My wife and me decided to grab the opportunity, even though our budget was a bit stretched.

3.  One of our insurance agent friends informed us about an upcoming Great Eastern endowment policy, with a guaranteed payout rate of 2.2% per annum.  However, my kiddo's endowment policy premium is due next month, I have to set aside cash to pay for it.  Hence, we decided to give this opportunity a miss.

One more month to go before the year ends.  Some major cash outflows coming up in December (and it is not because of Christmas.)

Till next time!

Thursday, November 1, 2018

Singapore Savings Bond GX18120X

I have successfully redeemed my April 2018 Singapore Savings Bond (SSB).  The average yield over ten years was 2.31%.  I have decided to use the money and subscribe for this month's SSB (code: GX18120X).  The average yield is higher at 2.57%.

If you are wondering how to forecast the average yield for next month's SSB, you can refer to the MAS website (here).  Simply download the daily 10-year bond yield for the latest month.  Next month's SSB yield will be the average of these values.

Sunday, October 28, 2018

Taking a Hard Look At Myself

This is a blog to track my progress towards building a comfortable retirement nest egg.  Here is a look at my stocks and savings portfolio so far (as of 28 Oct 2018):


Cash Portfolio

Equity  (Stock  /  # Shares)
AIMS AMP Capital Industrial REIT  /  2,150

Fixed Income  (Security  /  Amount)
S'pore Savings Bond GX18070N  /  $12,500
S'pore Savings Bond GX18080F  /  $15,500
S'pore Savings Bond GX18090T  /  $20,000
S'pore Savings Bond GX18100V  /  $16,000
Hyflux 6% Perpetual Security  /  $5,000 (defaulted)
Maybank fixed deposit  /  $54,000
Etiqa eEASY Save  /  $45,000

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SRS Portfolio

Equity  (Stock  /  # Shares)
Capitaland Commerical Trust  /  3,000
Frasers Centrepoint Trust  /  3,000
Frasers Commercial Trust  /  2,369
SembCorp  /  2,000
Singtel  /  2,000
Keppel Corp  /  1000

Fixed Income  (Security  /  Amount)

Great Eastern GREAT220  /  $50,000

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Remarks
:

I made a mistake investing in the Hyflux perpetual security.  I was quite concerned with the company's high debt amount during the IPO, but my greed got the better of me.  Now the security is in default.  *sigh*

I am in the midst of redeeming S'pore Savings Bond GX18040W, which I did not include in the above table.  The amount invested was $20,000.  If my calculation is correct, the average yield for next month's SSB should be high (approx. 2.57%).  I intend to subscribe for that SSB.

I did not include my rainy day savings in OCBC 360 account ($70,000).  I also did not include those bank accounts that I use for my day to day transactions.

I did not include the monies in my alternative investments, such as my Funding Societies account.  But the amounts are small and not worth mention.

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In summary, I give myself a C grade when it comes to building my retirement nest egg so far.  Haha.  I hope with blogging, I can stay focused and build it up.