Passive Loss

      Hi everyone, it's been a while since my last post which I do apologise for since my life has been rather busy with work and external commitments. I wanted to make this quick post to reflect on my investment journey in 2024, and some key points that I've learnt along the way.      Overall, my investment portfolio significantly underperformed the broader market, returning only approximately 10% throughout the year compared to the S&P500's 25%. I believe my biggest loser was Raffles Medical whereas my biggest winner is still United Hampshire US REIT.      My core portfolio holdings comprises of the following stock tickers (not in any particular order):     - Keppel (With distributed Keppel REIT)     - United Hampshire US REIT     - Sheng Siong     - DigiCore US REIT     - Raffles Medical     - Microsoft       My biggest holdings are still UHREIT and Keppel,...

Introduction  It's no secret that the US Retail REIT comprises the majority of my portfolio. It could even be said that my portfolio IS UHREIT, and I can safely say that this will continue to be the case. If you're a regular reader of my blog, then you may recall in a previous post that I mentioned the fact that I would cut my UHREIT holdings if it reached 0.60 USD per unit . Obviously, that never materialised and instead of shooting up to 0.6, it has recently fallen to 0.44. Hence, in the spirit of doing things in an "opposite" sense, I believe this calls for a time of accumulation, foolish as it may initially seem.  United Hampshire US REIT's Logo (Source: UHREIT's LinkedIn Page ) The headline of UHREIT's 2H DPU drop of 27.9% is  scary . I mean, it's understandable. Living on $60,000 per year of income is extremely different from living on $45,000 per year, so investors are naturally spooked by the seemingly dire results posted by the REIT. However, ...

Introduction Keppel Limited (SGX: BN4) is a stock ticker I hold dearly to me. I went all in on the counter just around the time when the Seatrium spin-off was announced and I must say it's been an extremely rewarding journey. I've been looking forward to whatever updates the conglomerate has provided and since it's been a while since the last time I took a look at Keppel, I wanted to see if it's still a BUY .  In this brief article, I'll cover Keppel's FY23 Financial Performance and how it holds up against previous years, Balance Sheet health, and find an approximate fair intrinsic value of Keppel.  Keppel Limited's Logo (Source: Keppel Youtube ) Overview of FY23 Keppel FY23 Financial Results (Source: Keppel FY23 Investor Presentation Slides ) To sum it up: - Keppel Corp's 2H23 Dividend increased by 5.5% to $0.19 as opposed to last year's $0.18 -  2H23 Net Profit from continuing operations was $440 million, 9% higher YoY. - Excluding discontinued op...

Author's Notice: Hello everyone! Before I begin this post, I would just like to point out that I recently started a Youtube Channel , rebranding myself as "The Incipient Investor", and have posted a rather comprehensive analysis & valuation of Raffles Medical on there so do check it out if you've missed that! I'll be creating videos to accompany every blog post now moving forward, even this one ! Thanks for the support! To start off this post, I'd just like to say that I know I'm rather late when it comes to analysing my portfolio performance for 2023.  I'd first like to commemorate an important milestone that my portfolio has crossed, which is the 20K figure, only achieving it just recently during the final days of December when equities significantly rallied due to the Federal Reserve singing more dovish tones, resulting in the market starting to price in multiple interest rate cuts starting as early as 2H FY24.  My Portfolio Holdings End of 202...

I think it's rather apt to say that the market has been an absolute bloodbath in recent times, with REITs as an asset class taking an especially heavy beating. Today's post will be a short one, in which I will discuss what are my personal views when it comes market downturns and how I respond to them. Source: ET Money Firstly, I just want to outline how I've personally been affected by the onslaught on REIT prices. It's no secret that my portfolio is heavily concentrated in United Hampshire US REIT, with the sole ticker having a whopping 65% weightage in my portfolio. The security's price has dipped to levels down to 0.345 USD per unit which is rather far from its previously relatively stable price of 0.42USD per unit. Hence, almost all my portfolio gains were wiped from the start of the year, and I'm now sitting on only a meagre profit YTD. However, my convictions in the REIT are still strong and I firmly believe the fundamentals are still sound. Hence, I am re...

 Recently, I've had a lot of friends ask me for some good stock picks, with no idea on how to invest their funds. Of course, like I said earlier, I'm not  an investment guru or certified financial planner. Hell, I don't think I'm even generating alpha or creating better risk-adjusted returns. Nevertheless, I figured that it would be fun for me to try to create a $200K SGD portfolio and briefly justify my picks. Do take note that this is from a 3-5+ year investing time frame view, although there are still some picks which would be good long-term holds. It's more of a mixed bag really with a focus on value investing.  Enough chit chat then, let's get straight to the point with some brief description / rationale for each stock! Here's how I would Invest $200,000 Today as a Singaporean Youth... (If I was Responsible) *Information accurate as of 17/3/2022 derived from (Source: SGX Stock Screener ) In descending order from highest weightage to lowest weightage: VW...