Taking Stock of 2018

Leaving 2018 and entering 2019, time for a quick roundup of my 2018 and my little wishes for the new year ahead.

Work

This year is my company's 2nd year of operation. 

Results so far are a tremendous improvement over last year in terms of revenue, profits and scale of projects secured.

Although revenue is still about $75,000 shy of the target I set for myself, I have two more months to 'chiong' before end of my financial year. Hopefully I can close the FY even more beautifully.

In terms of business offerings, I have added the Design, Installation and Maintenance of Solar Photovoltaic (PV) system to my products and services recently.

This is actually synergistic to the other portion of my business which is environmental engineering, particularly in pollution control systems.

As I mentioned before, one of my investment guidelines is to ride along with the macro trend.

I believe Solar PV system is the way to move forward especially in a country like Singapore. Hence I made a deliberate effort to take up a course in this field and graduated from it recently.

This also means I have achieved my aim of adding a new capability to the company by this year.

Moving forward, my focus continues to be growing the business and if possible purchase an office space as part of my recurring income plan.

Other Incomes

Previously I have set a target of achieving S$7,832.88 for my side and passive incomes in 2018.

Actual passive income achieved for 2018: S$6,069.08

Actual side income achieved for 2018: S$3,042.86

Result achieved for 2018: S$9,111.94 (Target met)

For 2019 I am going to target another 20% growth in my dividend income as I will probably be drawing down a portion of my portfolio for some expenses.

For the side income in 2019, there is actually a much higher room for growth. I am in the midst of discussing a venture which if materialised, will contribute a significant amount to this category.

However I do not want to count my chickens before they hatch. Hence targets for 2019...

Targeted passive income for 2019: S$7,200

Targeted side income for 2019: S$3,000

Equities and REITs

My holdings as of 31/12/2018:

With the exception of M1, all the counters in my portfolio closed at a lower price this year end compared to last's.

In 2018, I've added another 5,000 shares of CapitaLand, added another 4,000 shares of Netlink Trust and bought 4,000 shares of Mapletree NAC Trust. Total capital injection is $25,820.

Excluding the capital injection, my portfolio value returned -13.7% compared to last year. A loss of more than $15k.

I really ought to read more, learn more and relook into my investment style especially in the technical analysis to time my entries better.

What a humbling experience. It shows how much of a fool I am in the stock market.

In summary,

1) Yield of Portfolio 2018: 4.30%

2) Cumulative Yield of Portfolio: 8.10%

Similarly, wifey's portfolio also dropped in value ($41,431.98) compared to last year ($41,919.78) if capital injection is excluded.

 

Personal

Baby M who arrived on Father's day 2018, never fails to bring a smile to our face. She is making lots of funny sounds and lots of movement nowadays.

Really a different kind of joy.

Our biggest wish is for her to grow up happily and healthily.

I always believe we should not forget to help others if we can.

Though my investment portfolio performed less than admirably, I donated $550 to a selection of charities in 2018. This is on top of my monthly Giro donations to Community Chest and NKF.

Thanks to giving.sg, it is so convenient nowadays to make donations and volunteering.

Last but not least, I wish everyone a happy new year ahead. Good health and good wealth!