Current investment portfolio is sitting on a -23% paper loss. I have ytd realized loss of -15K (at -7% loss) after selling almost 203K of stocks and bonds in Q1 2020 . Thinking about it, if I have not sold those investment, I could be sitting on a higher paper loss end of March. I was too slow to sell some of my REIT and MLP which are Oil & Gas related. I think both industries will suffer huge impact with prolong CV crisis. Some of these counters will be cutting dividend or even going into bankruptcy.
After selling off some of my investment in Mar, I am currently sitting on 693K cash and 148K investment grade bonds which contribute about 50% and 10% respectively of my liquid networth. I feel more comfortable with this current risk assessment of holding more cash. With the remaining 40% still in various Stock/reit/non-investment grade bonds. The passive income is still projected to generate about 60kSGD but I am also expecting companies to reduce dividend throughout 2020/21. With that in mind, I will be lowering my expected passive income to 30K per annum (a whoppong 50% reduction!!). Given the unprecedented economy impact from Corona Virus, I will be in no hurry to go back into the market as I feel this crisis will drag on till 2021. I reckon I have to push back my retirement. With my current job generating bulk of my income, I am confident of boosting my cash saving back to 1 million in 3 years before reassessing retirement.
Dividends received in Mar2020 from Foreign Investment: USD $2028
Interest received in Mar2020 from Foreign Investment (bond): USD $360
Interest received in Mar2020 from banks interest/FD/others in US: USD $383
Realized gain/loss : USD: -$13200
Dividends received in Mar2020 from SGX:SGD$3002
Interest received in Mar2020 from banks interest/FD/others in Spore: SGD $231
SGX Realized gain/loss SGD: -$560
Total dividend and interest from my investment portfolio + bank/money market account + trading gain/loss generated in Mar2020 SGD -$11403
YTD Passive income earned from investment only: SGD $16480
Dividend/Interest received from investment portfolio:
Liquid Networth distribution:
Monthly Dividend/Interest earned Y-to-Y changes from 2017 to 2020:
Previously u mentioned Cromwell and bpy is your top 3 holdings. Do u think with this situation it is good to still buy in these counters?
ReplyDeleteBPY has concentration of retail property..not recommending to buy any retail reit as they are in dire situation. Cromwell has high exposure in Europe ..I am just holding on but expected it to drop further. In fact, my latest article, I am selling and holding high amount of cash because of the prolong crisis. I will only buy high quality blue chip with good cash flow that can survive this crisis
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