BuyafterCrash
Blog started 2016. Achieved Financial Independence in 2021. Personal journal to record investment decisions for my own reference and in future, for my loved ones who will take over the portfolio. Advertising free as I'm not seeking hits or ad revenue. On the internet anyone can have a pretend portfolio, whether you think this blog is fake or real, doesn't bother me. :)
Sunday 6 October 2024
Flying Economy with Krisflyer Gold
Saturday 5 October 2024
REITS: Capitaland Int Comm Trust Rights issue
Surprisingly, the valid acceptances of the rights offering was pretty low at 82.0%. This is despite the strength of the Capitaland brand name and the quality of their portfolio. This meant that I got all the excess that I subscribed for.
As a result, my CICT position is large enough to qualify as a 'medium-sized' holding though I will only update my portfolio page at the end of the year.
REIT rally?
On the other hand, a value investor is more concerned with the fundamentals and whether people want to rent units in the buildings the REITs own, and whether customers (for retail/hospitality), went to visit those premises.
Friday 27 September 2024
Even HK/China is rallying.
As I have previously noted in my portfolio page, the China market crash downgraded my 2800.HK from 'large' to 'medium.' Given the huge uncertainty with China, I decided to continue to hold and add small amounts every month via the FSMOne RSP.
The patient RSP of China/HK ETFs may have finally borne fruit with the China/HK market finally making a noticeable upward move. The effect of the RSP was to lower my average buying price for the ETFs and thus make it easier to breakeven. If dividends are excluded, I still haven't broken even for 2801 and 2800 yet (green for 3010), but this week's rally helped me get closer to breakeven.
From the graph, the extreme correlation between 2800.HK and 2801.HK continues.
Friday 20 September 2024
NKE pressed buy instead of sell (need more practice)
Monday 16 September 2024
Sold some Singtel
Tuesday 10 September 2024
Adding 3110 to my monthly RSP
Currently I am losing money in HK/China ETFs 2800 and 2801. I am slightly green for my Asia ETF 3010. I have set up an RSP with FSMOne to buy 2800/2801/3010 every month in the hopes of averaging down. Fortunately with zero processing fee/comms, one can RSP small amounts.
One thing I am uncomfortable with is the high concentration of Tencent and Chinese tech in 2801.HK and to a lesser extent 2800.HK. Previously, I could diversify into Vanguards 2805.HK but that was delisted leaving me less choice.
Doing a portfolio review, I have decided to add Global X HSI High Dividend Yield ETF 3110.HK to my RSP. The ETF is doing ok and Global X seems to be staying in HK (always a big risk that US firms like Global X could exit HK market due to political reasons). As it doesn't hold Tencent, it does provide some diversification. TER is moderate at 0.68% and AUM is US$300m+.
Risk
It's exposure to the property sector is 9% and financial sector is 34%. Since the financial sector is indirectly exposed to property, there's that risk as well. Therefore, my addition of the ETF for RSP is certainly not me going 'all in', but adding a small bit of RSP every month. I will continue to be disciplined about putting most of my free cash into World and S&P500 ETFs.