My SRS Portfolio June 2022

My SRS Portfolio and Thoughts [June 2022]

My SRS Portfolio June 2022
My SRS Portfolio June 2022

I’m writing this in the middle of June as I’ll be busy preparing for reservist during month end. In addition to the perfect long storm, inflation has been coming up in all areas. We are also officially in the bear market [Read More: Bear Market Survival Guide]. I have also finally added my position using dollar cost averaging which I will be covering more below.

If you are new to Supplementary Retirement Sum (SRS), please start here.

Disclaimer: This article is not and should not be taken as a buy/sell/hold recommendation.

My Thoughts and Consideration

My SRS Portfolio and Thoughts June 2022
My SRS Portfolio and Thoughts June 2022

Other than the new pie chart, I have added more into SGX: HST. The new addition is a very simple dollar cost averaging move. In China, Chinese banks cut a key interest rate for long-term loans. This can be seen as a bullish move as this will boost loan demand. However, China still struggles with lock-down from time to time if COVID cases were to arise. Let’s see how it turns out.

Meanwhile in SGX: BTOU, William David Gantt is appointed as the new CEO. Gantt wants to build a higher proportion of growth tenants, and this will be done through capital recycling, not acquisitions, for now. Their new focus will be on building quality income instead of growth. We probably will be looking at a new tenant mix in the quarters to come. I believe that the US office space is having an identity crisis now as working from home is a choice for employees now. If every company start to behave like Tesla (remote work privilege to end), we will see a higher occupational rates in the quarters to come.

I probably will be looking at a few Singapore companies in the quartiers to come.

Final Thoughts

I reemphasize again that this is not and should not be taken as a buy/sell recommendation. Wishing you all the best!

 

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

My SRS Portfolio March 2022

My SRS Portfolio and Thoughts [March 2022]

My SRS Portfolio March 2021
My SRS Portfolio March 2022

What an epic start to 2022. In just one quarter we are now in the amidst of the Perfect Long Storm, Russian-Ukraine Tension and Will Smith slapping Chris Rock. Maybe the saving grace is that we will be able to travel to Malaysia (with more freedom) from 1st April.

In any case, this is the SRS update for March 2022. If you are new to SRS, I would encourage you to start from my most read SRS article, 5 Things You Need To Know About SRS to begin.

Disclaimer: This is not and should not be taken as a buy/sell recommendation.

My Thoughts And Consideration

My SRS Portfolio and Thoughts [March 2022]
My SRS Portfolio and Thoughts [March 2022]
The most glaring underperformance continues to be my exposure into Chinese Technology Stocks (SGX:HST). The price is already 41% down since the last time I entered. The question I get asked frequently is how will China do moving ahead.

According to Political Bureau of the Communist Party of China (CPC) Central Committee meeting on Dec 2021, the focus on 2022 will be prioritize stability while pursuing progress. This is a great difference from their focus of strengthening antimonopoly rules in 2021. I believe this might be a turning point and am considering a Dollar Cost Averaging into SGX:HST. This is after a capital injection into the SRS for tax purpose.

Final Thoughts

I reemphasize again that this is not and should not be taken as a buy/sell recommendation. Wishing you all the best!

 

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

My SRS Portfolio Dec 2021

My SRS Portfolio and Thoughts [Dec 2021]

My SRS Portfolio Dec 2021
My SRS Portfolio Dec 2021

Welcome to 2022! 2021 has been a year of burn outs, huge volatility and filled with epic events. I sincerely hope that everyone is well and charged up for a fresh start! In any case, this article is a simple reporting for my SRS updates.

Disclaimers: This is not and should not be taken as a buy/sell recommendation.

If you are new to SRS, I would encourage you to start from my most read SRS article, 5 Things You Need To Know About SRS to begin.

My Thoughts And Consideration

My SRS Portfolio Performance Dec 2021
My SRS Portfolio Performance Dec 2021

SGX:HST (Lion-OCBC Sec HSTECH S$)

The performance is not pretty. The elephant in the room continues to be my exposure into Chinese Technology Stocks (SGX:HST). You can read why I like SGX:HST in March2021 review. It continues to drag the portfolio down despite good fundamentals.

I continue to be positive in this exposure as this ETF is invested into quality Chinese companies that can deliver sustainable growth in the next 3 to 5 years. The undervalued sector has attracted Charlie Munger who has double down in to Alibaba. I have no doubt that the companies in this sector will do well and eventually the share price will follow.

SGX: BTOU (Manulife US REIT)

I first bought into SGX: BTOU as a recovery value play in the portfolio in March2021. However, things changed for BTOU as they pivoted from investing only in Class-A and Trophy assets in the traditional gateway city offices to Sun Belt states and emerging markets.

If I can create a Singapore reference, this REIT invest only into MBFC or One Raffles Place previously and are now investing into “emerging” locations like International Business Park at Jurong East or Woods Square at Woodlands. This is not a perfect reference and I hope you get the idea.

Generally, I like it when companies use data to look at emerging trends and are flexible to adapt to their new strategy. ProButtery wrote a very comprehensive article on BTOU and I very much agree with his thesis. You can find his thoughts here.

I look forward their future business performance.

Lastly, I added new capital into my SRS account for tax purposes. .

Final Thoughts

Disclaimer: this is not and should not be taken as a buy/sell recommendation. Like what Charlie Munger famously said: the big money is not in the buying or selling.. but in the waiting.

 

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

SRS Last Chance Save 1 year with $1

SRS Last Chance: Save 1 year with $1

SRS Last Chance Save 1 year with $1
SRS Last Chance Save 1 year with $1

SRS is a voluntary scheme to help individuals save for retirement in additional to the Central Provident Fund (CPF) saving.

The SRS offers tax benefits and you can find a quick summary of SRS here. This information is crucial to you especially if you are above 40. I will be conducting a SRS webinar in the next few weeks. Join my Telegram Group where I share 1 financial tip a day where I will be posting more details.

Why is this a last chance?

SRS allows you to make penalty free withdrawals from your SRS on or after the statutory retirement age (currently at 62) that was prevailing at the time of your first SRS contribution. 

In the National Day Rally in 2019, it is already made know that the statutory retirement age will increase to 63 (in 2022) and 65 (by 2030).

This means that if you don’t make your first SRS contribution before 2022, your penalty free withdrawal year will increase by 1 year to age 63. This is your last chance in doing so.

SRS Last Chance Retirement Age Increase National Day Rally 2019
SRS Last Chance Retirement Age Increase National Day Rally 2019

How much do I need to contribute?

All it takes is $1. You didn’t hear me wrong. You don’t need to invest in anything yet. The account opening only require $1 (and around 1 minute). The purpose of it is to “lock in” your statutory retirement age to be 62. You can find out more in one of my most read article last year called the $1 SRS strategy.

You can then consider to invest it or think about investing using your SRS in future.

Final Thoughts

Personally, I think it is a no-brainer to open the account. The “opportunity cost” is just $1. That being said, the choice is still yours at the end of the day.

For those of you who have opened your accounts. What are you investing in currently?

Let me know in the comments below.

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.

My SRS Portfolio Sept 2021

My SRS Portfolio and Thoughts [Sept 2021]

My SRS Portfolio Sept 2021
My SRS Portfolio Sept 2021

We are done to the last quarter for the year. Have you accomplished your goals? Hope that things have been going well for you. In any case, this article is a simple reporting for my SRS updates.

Disclaimers: This is not and should not be taken as a buy/sell recommendation.

If you would like to see my past quarter thoughts, you can refer to March2021 and June2021.

It is also close to the end of the year, you might be considering SRS investment. Please refer my most read SRS article, 5 Things You Need To Know About SRS to learn more.

My Thoughts And Consideration

My SRS Portfolio Sept 2021 Data
My SRS Portfolio Sept 2021 Data

The elephant in the room is the exposure into Chinese Technology Stocks (SGX:HST). It has obviously pulled down the entire portfolio as 50% of my portfolio is invested into it. Unfortunately, this SRS portfolio is still small and there is a concentration risk that I acknowledged.

Policymakers in China announced regulatory reforms that has impacted sectors like construction (think Evergrande), private education (think TAL Education Group) and Technology companies that are handling data (think Didi).

In the case of my SRS impact, it was due to the technology sector. As you can see in the Top ETF holding for SGX:HST, it haven’t been doing well year to date.

SGX HST ETF Top 25 Holdings
SGX HST ETF Top 25 Holdings

I remain positive in this exposure as this ETF is invested into quality Chinese companies that can deliver sustainable growth in the next 3 to 5 years. With high internet penetration in China, I believe the performance of the companies will follow suit.

SGX: BTOU is a recovery play in the portfolio. The recovery will depend on COVID19 recovery attempts in US. I’m optimistic that the recovery towards working in office will come in 3 to 5 years time.

Lastly, I’m still considering if I should inject new capital into the SRS portfolio.

Final Thoughts

Disclaimer: this is not and should not be taken as a buy/sell recommendation. Like what Charlie Munger famously said: the big money is not in the buying or selling.. but in the waiting.

We have be having a 3 parts webinar for last quarter of the year. Feel free to reach out to me for more information.

Chengkok is a licensed Financial Services Consultant since 2012. He is an Investment and Critical Illness Specialist. Wealthdojo was created in 2019 to educate and debunk “free financial advice” that was given without context.  

Feel Free To Reach Out To Share Your Thoughts.

Contact: 94316449 (Whatsapp) chengkokoh@gmail.com (Email)
Telegram: Wealthdojo [Continuous Learning Channel]
Reviews: About Me

The views and opinions expressed in this publication are those of the author and do not reflect the official policy or position of any other agency, organisation, employer or company. Assumptions made in the analysis are not reflective of the position of any entity other than the author.