Changes to portfolio in January 2023.

I might or might not make this a regular feature and that is to talk to myself what I did to my portfolio (if there should be any activity) in the preceding month.

I guess I will just do it whenever I feel the inclination to do so just like with so many things I do in my retirement.

In middle of January, a fellow blogger asked me:

"ComfortDelgro has fallen quite a bit. I have been slowly accumulating over a period of time. So, are you?"

In reply, I said:

"I don't know if you read in the blog that I reduced my investment in ComfortDelgro in 4Q 2022 or you missed it but it is a smaller investment for me now. 

"When its stock price bounced up to test resistance, I lightened my position. 

"Technically, its stock price looks like it could go lower and I am watching $1.15 at this point. 

"The main reason why I was not as aggressive in reducing my investment in ComfortDelgro compared to Centurion Corp. is its relatively strong balance sheet."

True to my word, I went and increased my investment in ComfortDelgro at $1.15 later on.

Suddenly, I am reminded of some people who went on a diet to lose weight but gave up and gained back all the weight they lost.

Alamak.

Not like that lah.

The increase in size although pretty significant, percentage wise, was on a much smaller investment than it was a year ago.

So, didn't gain back all the weight lah.

Technically, ComfortDelgro's stock price is still in a downtrend but it could be in a bottoming process now.

The moving averages are still in decline.

Could ComfortDelgro's stock retest its low of $1.13?

If it does and if I see a positive divergence which means lower price but higher lows in the momentum oscillators, I would probably buy some.

Will be looking out for a double bottom too.

Fundamentals look to be stabilizing and although I am not expecting an increase, this year's dividends should still be meaningful.

Other than ComfortDelgro, I added more T-bills to my portfolio.

I used cash to get both the 4.2% p.a. and 4.0% p.a. 6 months T-bills in January.

A YouTube video from AK:

I also used most of my CPF-OA money to get the 3.87% p.a. 1 year T-bill in the same month.

Although I would not be including the income from the 1 year T-bill in my quarterly passive income report, I thought I should just make a mention for the sake of completeness. 

I will account for the income from the 1 year T-bill as interest income in my CPF account and rightly so as the money has been credited into my CPF-OA where it will still be making 2.5% p.a.

I know I said I am looking forward to being lazier as an investor in 2023.

Well, there are 11 months left to be lazy.

There is hope!

Another YouTube video from AK: 

Recently published:

Bank and REITs dividend machines? T-bills, SSB and CPF?

References:
1. My CPF account hacked?
2. Largest investments updated.
3. 4Q 2022 passive income.