Thursday 1 February 2024

Summary of January 2024

Blink of an eye and last day of January is here. 11 more months to end of the year. Lol..
Home. Kids have been falling sick one after another. Can't help but feel worried. On the other hand, got to find time to start on the spring cleaning. 10 more days to Lunar New Year.
Accidentally broke the handle of my metal gate recently. Damn. Didn't know a wrought iron gate handle can break so easily. Nevertheless I always believe things happen for a reason.
Taking this chance to change to digital lock for both gate and main door. Installation on next Wednesday.
Work-wise, have completed some of the projects on hand and the remaining in various stages of completion. New ones are coming in. I look forward to another great year after last year's record-breaking results.
For my sideline, most clients have came back from their holiday and income for this month is higher than projected. I look forward to another record-breaking year for this stream too.
School-wise, have finally submitted my dissertation today. That's a huge load off my shoulders. 18,000+ words, 82 pages. Don't think I have ever written such a long paper before. One of the best thing I came to realise from this Masters programme is that it re-ignited the joy of learning in me. I am even contemplating the possibility of a PhD if there is a topic that interests me enough to undergo the rigours in my 40s.
Investments-wise, made my first purchase of the year in Mapletree Logistics Trust at $1.53. MLT has released a good set of results recently of which I have written a review here.
Excluding RHT Health Trust which is going to be delisted anyway, I have 9 counters in my SGD portfolio. I am comfortable though no rush, to hold a portfolio of up to 12 counters.
Keppel Infrastructure Trust, Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are the counters being considered though each has its own areas of concern in my opinion.
Have also went through the latest results of CapitaLand China Trust and the above three counters. No time to write my thoughts on these yet. See if I can do it in the coming week.
Moving forward will continue my strategy of adding monthly using funds from my sideline and incoming dividends. Focus will be on:
1) Selected REITs whenever price weakness is present
2) Local banks which might present opportunities to add in 2H / 3Q this year when rate cuts happen, or even earlier since market is forward-looking. Stay nimble and monitor. If prices are attractive enough, would not mind deploying extra cash.
3) Non-REIT income counters as diversification
Till next time. Cheers.

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