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It has been almost a year since my last blog on the largest investments in my portfolio.
Since then, in the following months, I added to some of my investments such as
1. OCBC at under $11.00 a share,
2. ComfortDelgro at under $2.20 a share
and
3. SingTel at under $3.00 a share.
Not much activity on my part, really.
Most of the time, I was just collecting dividends while waiting for Mr. Market to recover from his depression.
When Mr. Market did recover, I waited to see how euphoric he could get.
(To be totally honest, mostly, I was adventuring in Neverwinter but you know that, of course.)
After my recent blog on selling into the rally while staying invested, a reader asked if I could do an update on my largest investments.
I suppose I could.
$500,000 or more:
CPF.
Do I hear laughter?
While the CPF is not an equity and isn't a bond in the purest form, I do consider it an essential part of my portfolio.
I consider it essential as it is the risk free and volatility free component of my investment portfolio which pays a relatively attractive coupon.
I decided to include my CPF savings to remind readers that I am able to take a bit of risk in the way I invest because my CPF savings is a very significant safety net.
Well, for me, it is very significant.
When we invest, remember, we have to take into consideration our personal financial circumstances and not simply ride on other's coattails.
I hope that you had a good laugh.
More importantly, I hope you are also aware that this isn't all a joke.
From $350,000 to $499,999:
AIMS APAC REIT
(formerly
AIMS AMP Cap. Ind. REIT)
This should not come as a surprise, of course.
My investment in this REIT is already free of cost and there is no compelling reason for me to fiddle with something that has worked so well for so many years.
There has been talk of a takeover of this REIT and, to be honest, I hope it never happens.
Many good income producing investments in my portfolio have been taken away from me and it is difficult to find equivalent replacements.
From $200,000 to $349,999:
ComfortDelgro
Centurion Corporation Ltd.
From being unloved, ComfortDelgro has become much desired by Mr. Market.
I like ComfortDelgro too.
Even after trimming my investment in this rally by more than 20%, ComfortDegro still stays in the same bracket because the market value of my investment has gone up by more than 30%.
As an investment for income, ComfortDelgro is probably more reliable than Wilmar and its dividend is probably more sustainable than SingTel's.
Having said this, if Mr. Market should have a feverish desire to pay a much higher price for ComfortDelgro, everything else remaining equal, I would probably accept the offer.
Centurion Corporation Ltd. moved into the same bracket as ComfortDelgro because I added to my investment as its share price languished at about 40c a share.
Centurion Corporation Ltd. is undervalued and there continues to be persistent insider buying.
Peter Lynch said that there are many reasons why insiders sell but there is only one reason why they buy.
I like being paid while I wait and a dividend yield of almost 5% is not too shabby.
From $100,000 to $199,000:
Ascendas H-Trust
Accordia Golf Trust
Development Bank of Singapore
OCBC Bank
Ascendas H-Trust will probably be replaced by a new entity and I shared my view about the proposed combination with Ascott Residence Trust in two separate blog posts earlier this month.
As for Accordia Golf Trust, it still has the potential to increase DPU significantly in the next few years and I blogged about this before.
I am quite happy to be paid while I wait, as usual.
Development Bank of Singapore is doing well and I would like to build a larger position if there is a meaningful correction in its share price.
New addition to the list is OCBC Bank.
This is the result of several rounds of accumulation at under $11.00 a share as I felt it offered relatively good value for money.
As for SingTel and Wilmar, after reducing my exposure significantly, my positions in SingTel and Wilmar are now worth less than $100,000 each.
Not part of my largest investments now, SingTel and Wilmar have been removed from the list here.
If Mr. Market should tempt me with better offers, I am likely to give in to temptation and sell what remains.
Remember, I am just doing what makes sense to me.
Remember, you have to do what makes sense to you.
Have a plan, your own plan.
"The tools we employ and the attitude we have must be appropriate to our motivations.
"That way, we will stand a good chance of doing better with a consistent strategy and this is so both financially and emotionally!"
From:
Rules for investing in difficult times.
Recently published:
Sell into the rally and stay invested.
Related post:
Largest investments in 2018 (Part 2).
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