Showing posts with label GREE. Show all posts
Showing posts with label GREE. Show all posts

Thursday, 2 January 2025

A Review of 2024

 
Happy New Year everyone.
 
Quick review of 2024 and looking forward to a better 2025.
 
Family
 
Overall not a bad year for us. Only thing is jie jie kept falling down and hurt herself. It got so frequent that we are thinking if there is something wrong with her legs or other parts of the body. This is worrying for my wife and I.
 
There was once I saw her fell down in front of me. She just fell to her knees and I thought that was it. But suddenly her body started to lean forward and her head fell to the ground as well. This process is like happening in slow motion right in front of me.
 
The superstitious side of me even started wondering if something unseen is disturbing her. Yes, my worry got to that extent.

Hopefully 2025 onwards will be a better year for both jie jie and didi.

Some personal reflection for me: I realised I have been getting short tempered nowadays and sometimes my reaction can be rather extreme. This is definitely not good and I really got to constantly remind myself to be more chill moving forward.
 
On a bright side, we just came back from a family trip to Bali. Last trip there was 10 years ago with wifey and we didn't have kids then.
 
Had a good time for this 5-days holiday over Christmas although we nearly missed our return flight.

Our hotel is 15 min from the airport. But the trip took nearly an hour because of traffic. Our flight is scheduled for 9.05 pm and we reached the airport around 8.50 pm and the boarding gate at 9.10 pm.

Luckily the flight itself is also delayed and we managed to join the queue.. in waiting. The flight eventually took off around 10.05 pm.

Lessons learnt:

1) I checked-in online the night before and it turned out to be the best decision because by the time we reached the airport, the check-in counter was already closed. Had we not checked-in beforehand, we would not be able to go through the customs, delayed flight or not.

2) Always cater for extra extra time for Bali especially during weekends.
 
Today is also the first day at their new school for both kids. I accompanied didi while wifey accompanied jie jie. New environment, new teachers. Both seem to be coping well.

I hope they enjoy the process of learning and not be fixated on the end results because if they achieve the former, the latter will take care of itself.
 
Investments
 
SGD
 
Have been adding on a monthly basis whenever possible over the past year.
 
Although the plan in the beginning of the year was to diversify and reduce the REITs concentration in my portfolio, only one of the purchases was for a non-REIT - Netlink NBN Trust, which I bought on two separate occasions. The rest of the purchases was for Ascendas REIT, MIT and MLT. I also subscribed and applied for excess for CICT PO.
 
If I have stuck to my plan in 2024, portfolio performance would perhaps, be even better. Really got to be more disciplined and execute my plan this year which is again, to reduce the REITs concentration.
 
I started tracking my portfolio performance in 2016 and hence cumulative dividends is recorded from that year onwards.
 
As of writing, Ascendas REIT is my biggest holding at around 20% by market value.

Best performer is DBS at +119.91% followed by OCBC at +88%.

Worst performer is CLCT at -46.24%.
 
Summary of my holdings and performance as follows.
 


USD / HKD
 
Did some cleaning up of this portfolio in the last two trading days of the year.

Took profit off AAPL (+54.93%)

Took partial profit off MSFT (+47.08%)
 
Got rid of GREE (-99.21%). The speculation of this counter is one of the biggest mistakes of my investing career so far.
 
Cut loss on BABA (-33.73%) because macro outlook remains murky and rounds of stimulus and pep talk by the central government failed to lift the share price. They have also recently did a drastic price reduction on Qwen, which is their AI tool for enterprises. This move is probably meant to gain market share domestically and I believe it will help to a certain extent. I am never a fan of price war and whether this will spark one with other players like Baidu remains to be seen. However one thing is certain, margin for this segment for Alibaba will be compressed by this move.

Portfolio Value (SGD equivalent): $16,626.37

Overall

Total Portfolio Value: S$188,452.35

Business
 
Business so far has been average after the record performance last FY. Still got two more months to go before closing. I am hopeful one of the government contracts we are negotiating will come through soon.
 
Collaboration for the new technology is moving forward albeit on a slower pace than I would like to. We are collaborating with one of the local institutes of higher learning. Maybe that's just how academics work but on and off I need to push them along to move things faster.
 
Nevertheless this is the engine for our next phase of growth and I am determined to make this work.
 
Side Line

Did a tabulation and realised I generated S$19,500 over the past year from my side line as a personal trainer. Not bad considering I dedicated only week day mornings to this hustle. No evenings, no weekends, no holidays. Those are strictly for my family and personal time.

This figure should be higher in 2025 as more private clients are starting to sign up with me. They are mainly referred through word of mouth as I do not actively advertise my service.

I would say most if not all the clients are either c-suite or rich tais tais who are generally not bothered by the price and would not haggle over it so that makes things easier. I just need to focus on helping them achieve their goals.

My current allocation for this side income is:

50% goes to investment
25% goes to SA top up
25% goes to discretionary spending

Moving forward this will remains.

Donation
 

Personal donation is a yearly ongoing affair for me. Other than the monthly GIRO contribution to certain charities, I will usually make ad hoc donations towards year end as well.
 
Same as previous years, this year I have chosen to donate to causes close to my heart - the young and the elderly.

Hopefully this post will inspire readers too.
 
Other than personal donation, I have also donated on a company-level with the latest one in July 2024. This will continue as long as the business continues to be profitable.

Monday, 3 October 2022

Sept 2022 Updates

Sept 2022
 
Local Portfolio Value after market close (excluding USD and HKD)

S$130,521.12

Purchase
 
None

Sold

None

Dividends
 
Ascendas Reit: $834.54
CICT: $281.88
MLT: $263.09
CLCT: $574
 
Total: $1,953.51 

Short-Term Transactions
  
Sold 6 x SE 221028 Calls at $70 strike with $0.68 premium.  
 
Closed early for 1 x GREE221216C5 with $0.30 premium at $0.05.  
 
Summary

SGD portfolio:
  
Portfolio value dropped about $6K with the drop in the broad market.
 
Nothing added or sold. Continue to wait for dividends to come in.

Syfe Core Growth portfolio:
 
Current TWR at -13.27%.
 
Disappointing performance from this robo-advisor. Luckily it's just a small experimental portfolio but still painful nonetheless.

Not adding anymore funds to it.

USD / HKD portfolio: 
 
Made some coffee money of US$18.28 (~S$26.24) from options this month.
 
Inactive month for me due to my busy schedule.
 
Have been writing calls since May till now. Will probably continue to do so.
 
Personal:
 
First paycheck from my side gig received. $320 for August.
 
Will be more than double for the month of September.
 
Have been quite busy with my part-time Masters programme at NUS.
 
Assignments, supplementary readings and such have been occupying a substantial portion of my time. And the rigours of a Masters programme is really different compared to a Bachelor's.
 
Scored pretty well for my first assignment but that's just a first step.
 
Will take one step at a time.

Tuesday, 2 August 2022

July 2022 Updates

July 2022
 
Local Portfolio Value after market close (excluding USD and HKD)

S$139,865.74

Purchase
 
None

Sold

None

Dividends
 
None

Short-Term Transactions
  
Sold 5 x SE 220715 Calls at $85 strike with $0.53 premium. Expired.
 
Sold 1 x GREE 221216 Call at $5 strike with $0.30 premium.
 
Sold 4 x PYPL 220729 Calls at $90 strike with $0.33 premium. Closed early at $0.08.  
 
Summary

SGD portfolio:
  
Portfolio value increased month on month.
 
Nothing added or sold. Continue to wait for dividends to come in.

Syfe Core Growth portfolio:
 
Portfolio loss has narrowed compare to last month.
 
Will probably close this experimental portfolio when the value recovers. It has not been as resilient as I would like it to be.
 
Current TWR at -4.98%.

USD / HKD portfolio: 
 
Made a net profit of US$346.75 (~S$478.48) from my call options in SE and PYPL this month.
 
This is made off a base of around S$20K which is the current value of this portfolio. If I can consistently hit ~2.4% every month like the above, it should put me in good stead.

At the same time I am contemplating whether to put in more funds to this portfolio to build it up and to enable more bullets for my options trading.
 
The advantage is of course the potential higher absolute returns if my options writing continue to work out the way I want it to be. And also, with a bigger portfolio I can use other strategies like LEAPs to enhance the returns.
 
The down side is also true with the increased leverage. Losses can be magnified and I am mindful of that. I am also not 100% confident of my options trading currently despite the good run in the past five months.
 
Having said that, I realised I have been writing calls since May till now, putting the obvious market downturn to good use.
 
Moving forward, it is not so clear cut anymore. I will be monitoring the market more closely. The bulls and bears seem to be fighting and market seem to be in consolidation mode now despite the recession risks looming globally.
 
Another point I am thinking about is whether to switch from moomoo to another platform as the fees from my options trading YTD is nearing US$100. Seems quite high in my opinion.
 
I've heard IBKR's fees are quite competitive. Will check it out soon.

Presently, moomoo also doesn't support options rolling which means less flexibility for the users to play with. This is another factor that is pushing me to switch platform if I were to pump in more funds.
 
Lastly, nothing added or sold from the portfolio holdings this month.
 
Personal:
 
August is going to be a busy month and one with a big change for me.
 
I will be starting a side gig which will take up 40 - 80 hours a month for me depending on various factors. Income from this will range from S$1,600 - S$3,200 monthly.
 
While this is pretty good money for a side line, the hours will be taken out from my weekday mornings which means I'm left with half a day on each weekday to run my main business.
 
Evenings will be equally busy for me as I will be starting school again at the age of 40!
 
I'm taking a part-time Masters programme at NUS which will occupy 2 evenings per week for me.

Hopefully everything turns out well.

Friday, 4 February 2022

Jan 2022 Update

Jan 2022
 
Local Portfolio Value after market close (excluding USD and HKD)

S$139,687.14

Purchase
 
Ascendas Reit @ $2.87
AAPL @ $167
MSFT @ $318
PYPL @ $189

Sold

None

Dividends
 
SingTel @ $360
MLT @ $146.10
CICT @ $261.90
 
Total: $768

Short-Term Transactions
 
Sold 2 x DIDI Call 220520 at $10 strike with $0.17 premium.
  
Closed early at $0.35 for 3 x GREE Put 220121 at $15 strike with $0.60 premium.
 
Sold 1 x AMD Put 220128 at $125 strike with $2.21 premium. Closed early at $24.75.
 
Summary

SGD portfolio:
  
Added 1,100 units of Ascendas Reit. 

Syfe Core Growth portfolio:
 
Seeing negative returns for this month mainly due to the correction from the US market. 
 
Apparently this portfolio is not as resilient as I anticipated.

However this was the whole idea when I started it nearly a year ago - to see how it perform against the market. 

Will monitor further before deciding on next course of action. 

USD / HKD portfolio: 
 
Continue to add small positions in MSFT, AAPL and PYPL. 
 
The correction in the US market this month saw the tech stocks tanking heavily which presented nice opportunities to build up positions. 

However also because of the same correction I made a loss in my overall options positions in January. 

This is due to the AMD put which I sold last month. I decided to close it early without taking assignment. 

Options P/L for this month: -US$2,192.37