Nov 2019- Monthly Finance Update (hit record high with my investment portfolio)

Nov was a good month as my investment portfolio hit record high at 1.1 mil due to the record stock market which also boost my liquid networth to another new high. With that in mind, I am turning caution for the coming month by keeping my liquid networth at 30% cash.


In Nov, I reinvest some of my dividend to increase my stakes in existing overseas counters BPY(+200) . IMBBY (+100) and KNOP(+200) in my portfolio. BPY is my largest holding which is a reit run by one of the largest asset management company Brookfield Asset Management (BAM). The other 2 counters (IMBBY/ KNOP) have provided good stable dividend yield at >10% and are currently undervalued. The purchase will increase my projected dividend to more than $69K annually in the coming year.


It has been wild ride for my Eagle Htrust holding in Nov . After reviewing the reit manager responses to SGX inquiries regarding its Queen Mary asset and substantial holder selling , I bought another 10k Eagle Htrust to average down my cost price.



Dividends received in Sep2019 from Foreign Investment: USD $1581
Interest received in Sep2019 from Foreign Investment (bond): USD $565
Interest received in Sep2019 from banks interest/FD/others in US: USD $399
Realized gain/loss : Nil

Dividends received in Sep2019 from SGX:SGD$2687
Interest received in Sep2019 from banks interest/FD/others in Spore: SGD $477
SGX Realized gain/loss : Nil

Total dividend and interest from my investment portfolio + bank/money market account + trading gain/loss generated SGD 6603.

YTD Passive income earned from investment only: SGD $59307
Dividend/Interest received from investment portfolio:
 
Liquid Networth distribution:

Monthly Dividend/Interest earned Y-to-Y changes from 2017 to 2019 : 
 
 

Oct 2019- Monthly Dividend,Interest and Finance Update

In Oct , another of my bond ( Sabra Health Care) was called early due to FED lowering interest. As Corporation can get a lower interest for issuing a new bond, they will redeem the old one with higher interest. I am expecting this to be the new norm and this has forced me to take more risk to invest in dividend stock or reit. 

I sold off AVVIY after gaining 25% but the gain was offset by another SGX stock (LKH) which I sold with a loss. It was one of the dead wood stock I own for while languishing in price and yield in my portfolio.
 
With the extra capital I have from my bond called, I managed to find another bond that was badly mispriced. It was one of the bond related to a telecom carrier (EMBARQ) which was bought by Centurylink. I expect  Centurylink to be one of the US carrier with a stronger balance sheet so the bond of the company it bought should have bond yield to be more on par with the rest of bonds issued by CTL.

I also bought another 25k Eagle Hreit and it turned out to be a bad decision as its share price has crashed 25% due to substantial share holders selling indiscriminately. As it is a small position, I will hold out and see what happened as I don't believe there is any fraud with the company .  Earlier this year Eagle reit has obtained a 340m USD bank loan at Libor+170bps.  This is like good BBB level borrowing rate for investment grade company.   Bank lending is usually very stringent and they got to do real balance sheet check. I believe Eagle reit hotel income are real and will generate enough revenue and cash flow to pay the dividend which is north of 10%.

This month, I also hit another record high with my liquid networth due to the record stock market.

Dividends received in Oct2019 from Foreign Investment: USD $2026.19
Interest received in Oct2019 from Foreign Investment (bond): USD $1655
Interest received in Oct2019 from banks interest/FD/others in US: USD $396
Realized gain/loss : USD $2374

Dividends received in Oct2019 from SGX:SGD$0
Interest received in Oct2019 from banks interest/FD/others in Spore: SGD $200
SGX Realized gain/loss : -3517

Total dividend and interest from my investment portfolio + bank/money market account + trading gain/loss generated SGD 5393.

YTD Passive income earned from investment only: SGD $53225
Dividend/Interest received from investment portfolio:
 


Investment portfolio distribution:
 

Monthly Dividend/Interest earned Y-to-Y changes from 2017 to 2019 :