So February has came and gone now. And wow February has been a roller coaster month because of the whole virus situation.
While everyone else is doing a monthly portfolio update, we thought it is more meaningful to document what we have done this month towards our financial goals.
Position Added: MTQ, Syfe Global Equities, Syfe REIT+
Stop Loss: Sembcorp Industries
Position Added: MTQ, Comfort Delgro, DBS, Syfe Global Equities, Syfe REIT+, Stashaway
Take Profit: N/A
Here’s a graphical representation of what we have done this month towards our financial goals:
February is a big month of investing especially for the Mrs. Both the Mrs and I have initiated a position in MTQ, after first discovering about it from Brian of Forever Financial Freedom.
Agreeing with mostly what he outlined, and seeing that we don’t have an exposure in the oil and gas sector, we initiated a small position in MTQ. The stock went up shortly but came down again when the market reacted to the COVID 19 virus.
On top of MTQ, Mrs Budget has also taken the opportunity of the market correction to scoop up both DBS and Comfort Delgro, two blue chip stocks that we are confident will be here to stay for a long time.
As we have also mentioned in our earlier post, we are slowly putting in some funds into Syfe (and additionally into Stashaway for the Mrs) so that this will be our “emergency fund” which we viewed as the professionally managed portion of our portfolio.
In terms of position sold, Mr Budget also manage to close his position in Sembcorp, after holding on to this shit stock, pun intended, for over 1 year before the price plunged even further.
Mr Budget has no confidence in the financials and fundamentals of this stock and there seemed to be no price catalyst / innovation for the company in the near future. Hence, this is a good time get some cash back to build up his war chest to buy other attractive stocks right now. Overall, Mr Budget registered a loss of 22% on the counter over a 1 year period.
Our net worth continue to grow and excluding our properties, we are hitting S$583,000 in net worth (including CPF). Our joint net worth last month was at S$560,000.
Updates On Portfolio due to COVID
If you notice from our net worth, our net worth still grows steadily despite the COVID virus. That is partly because our exposure to equity is still kept at a manageable % of our overall portfolio. A sizeable portion of our net worth is still tied to CPF, something which we foresee to be the case for a long long time.
For Mr Budget, his equities investments forms less than 40% of his total portfolio, and part of the equities losses this month is offset by the gains of the US equities in end Jan / early February.
For Mrs Budget, the equity exposure is even lower at 28%.
In terms of the counters that we are looking at, we are very tempted to average down on Hong Kong Land because it is trading at a very very attractive price now.
Other counters we want to average down is also Lendlease and MNACT, and new counters Mr Budget is also looking at includes Comfort Delgro, CCT, and Singapore Exchange.
US equities side, we are still very interested in Bookings, and are actively monitoring Mastercard and Adobe.
If only we have in excess of S$50,000, we would just scoop up all of these stocks now. But unfortunately, our bullets are limited, and my sense is that Mr Budget will average down on Hong Kong Land if prices hit $4.80. Let’s see what happens after their earnings in the next few days.
There’s someone in some telegram group now saying that the current price correction is making investors behaving like a child in a candy store, and that is exactly how we are feeling now.
However, we are also mindful that we might just be seeing the start of a recession, because the full impact of the virus is not felt by the global markets yet.
Hence we are cautious, and not actively deploying all of our capital in the market yet. For this month, we may only be investing in our regular robo investments.
In the meantime, stay safe everyone, and happy hunting!
- What Have We Done This Month Towards Our Financial Goals – October 2019
- What Have We Done This Month Towards Our Financial Goals – November 2019
- What Have We Done This Month Towards Our Financial Goals – January 2020
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