Looking at the current market, it is unlikely that I will be investing into any new positions with this mini portfolio until I sell something. Therefore, I decided not to keep the idle SGD cash in the portfolio (earning 0% interest) and switched it into USD to reduce my USD loan (saving loan interest).
Portfolio Performance (Start Date: End November 2019 with SGD400k Cash)
Portfolio performance is dragged down by the poor price performance of Shell. Oil outlook remains weak but I would take a long term view (stuck?!) on this blue chip equity. Having hard energy assets on its books and access to cheap financing, I have confidence in Shell's long term performance. Of course, it would be prudent to keep an eye on Shell's PE ratio over the next few financial results.
Looking back at the past months, I would regret venturing into equities as they have been the cause of my portfolio's poor performance (realised big loss on Keppel corp and unrealised loss on Shell). Fixed Income on the other hand is performing well and will continue to perform well in the current low interest rate environment (at least till 2023 and beyond!). With locked in coupons exceeding 5% p.a., they will continue to be the earner behind the scenes to provide stable income, and hopefully slowly earn back the losses from the equities.
Current Portfolio Margin Value:
a) Cash of SGD1,141.23
b) SGD277,337.09 x 0.6 = SGD166,402.25
c) SGD247,080.48 x 0.5 = SGD123,540.24
d) SGD89,412.09 x 0.8 = SGD71,529.67
e) SGD49,570.56 x 0.8 = SGD39,656.45
Total Portfolio Margin Value = SGD402,269.84
Total Liabilities = SGD350,855.60
Margin Ratio = 87.2%
Regards, Newbie
This blogpost is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information.
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