Portfolio Update November 2018

Hi everyone, time passes so fast when you have many things to settle on hand. Been kind of tied up at work before going to my holiday next week to China! The last I visited China was to Shanghai about 7 years back, pretty excited to see how modern the city has developed into. Will be travelling to Guangzhou, Yangshuo & XingPing. Stay tuned for photos the next month!

Trump and Xi met for the first time since the trade war started this year. The G20 meeting recently concluded and Trump agreed not to raise tariffs on chinese goods from 10% to 25%. However, if China and US are unable to come to an agreement after 90 days, Trump will then carry on with the raising of tariffs. I guess the market will continue to be volatile as trade tensions persists, we shall see in the coming months. On the net worth front, I managed to exceed my previous target of 75k by end of the year. Will aim to hit at least 80k with the bonuses coming in with my December pay.

1. Indexing Portfolio 

USD – SGD Rate: 1.37
Bought: IWDA

2. Income Portfolio 

Bought: Singtel

Added Singtel to my very substantial one as it sunk closer to 3. I still believe that Singtel is a strong unlike the two telcos. Just went down to the mall to renew my house bundle plan (Singtel definitely). Entire place was packed as if on sale and had to wait for 2.5 hours to reach my turn. Also, the management has declared 17.5 cents for 2 years. Shall patiently wait to see how this will pan out while collecting dividends. Should the company take longer than 2 years, we might see furthur downtrend in prices.

QAF has dropped even furthur and last closed at 0.6 giving a whopping 8.33% dividend yield. However one must take note that their pork business Rivalea in Australia is undergoing a rough patch. Earnings have dropped considerably and might take at least a year or so to recover. The 5 cents dividend might not be sustainable as earnings remains affected. Current price is quite attractive and might consider entering.

As we enter the last month of the year, wishing everyone a Merry Christmas HOHOHO!

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