Monday, 5 June 2017

June 2017

Here comes the 6th month of the year. Considering my last post was in March, I had not realised I had missed the postings of April and May. So much has happened within this period...

To sum up the entire period,
1)     I successfully completed most of the assignments of my degree and the only thing standing between me and my certificate is the last paper which is due in mid June.
2)     I switched my CPF-IS account from DBS to UOB after realising the quarterly account maintenance cost of DBS charges $2/counter with a minimum of $5 while UOB charges a flat fee of $2/counter.
3)     Workwise, performance review of the year 2016 concluded with a promotion effective July.


In my SG account: No transactions except collect dividends from Aims and Lippo in May.

My current SG Cash holdings include:
1)      ACCORDIA GOLF TRUST 
2)      LIPPO MALLS INDO RETAIL TRUST 
3)      AIMS AMP CAP INDUSTRIAL REIT
Overall capital gain is +14.45%
Overall P&L with dividend is +19.3%

In my US account: I’ve been collecting profits from crude oil, natural gas and gold. So far, crude oil looks to be the most stable given all the OPEC cuts, middle east volatility. Increasing portfolio by nearly 25% since the beginning of this year. 

Looking back, all the losing trades I made last year was entirely due to my inability to maintain discipline and exit the trade when it hit my stop loss target. I always hoped that the market was too low and can only go higher… boy was I so very wrong when my account size could not adequately meet the margin requirement.



Investing Wolf 
Disclaimer: This is not a recommendation to buy or sell any mentioned stocks or securities in this blog. 

4 comments:

  1. Hi, may I know how you switch your cpf is from dbs to uob? So you would need to transfer your existing cpf stocks from dbs to uob? What are the costs involved?

    ReplyDelete
    Replies
    1. Hi Cheryl,

      I basically walked into any UOB in the area and told them i wanted to switch over my CPF-IS from another bank (make sure you talk to a senior customer service officer, the junior ones most often don't know what you are talking about).

      Yes, you need to transfer all the stocks from 1 bank into another bank's account (you are only allowed 1 cpf is account in Singapore).

      All the banks include a interbank transfer fee of S$3 per 1000 shares/units or part thereof subject to a maximum of S$30 per counter. The transfer fee is cheaper than the transaction fee from selling all your counters and buying them again after you switched banks.

      For UOB: http://www.uob.com.sg/assets/pdfs/CPFIS_Charges.pdf
      For DBS: https://www.dbs.com.sg/iwov-resources/pdf/invest/cpf_schedule_charges.pdf
      For OCBC: http://www.ocbc.com/assets/pdf/investment/cpfia_schedule_of_charges_201112.pdf

      Hope this answers your questions

      Best regards
      Investingwolf

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  2. Hi Investing Wolf Team,

    My name is Anuj Agarwal. I'm Founder of Feedspot.

    I would like to personally congratulate you as your blog Investing Wolf has been selected by our panelist as one of the Top 75 Singapore Investment Blogs on the web.

    http://blog.feedspot.com/singapore_investment_blogs/

    I personally give you a high-five and want to thank you for your contribution to this world. This is the most comprehensive list of Top 75 Singapore Investment Blogs on the internet and I’m honored to have you as part of this!

    Also, you have the honor of displaying the on your blog.

    Best,
    Anuj

    ReplyDelete
    Replies
    1. Hi Anuj, thank you for your kind support. Do continue to keep a lookout on this blog for more of my investing journey.

      IW

      Delete