Oct 2021 Updates

Oct 2021

 

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

S$150,806.60

Purchase

 

PayPal @ $244.60

Sold

None

Dividends

 

None 

Short-Term Transactions

 

Closed 1 x FUTU Put 211015 at $80 strike with $3.60 premium early at $14.40.

 

Sold 2 x DIDI Call 211029 at $9.5 strike with $0.30 premium. Expired.

  

Sold 1 x TSM Put 211015 at $107 strike with $1.37 premium. Expired.

 

Closed 2 x FUTU Put 211029 at $50 strike with $1.69 premium early at $0.50.

 

Sold 3 x LMND Put 211029 at $61 strike with $0.30 premium. Expired.

 

Summary

SGD portfolio:

  

Portfolio value increased by around $3.3k. Didn't add anything this month as funds are limited.

Several of my counters have reported excellent results with increased in DPU in their latest updates.

 

I have done a quick review over here.

Syfe Core Growth portfolio:

 

TWR hit a nice 6.38%. The absolute profit is not big since this is still a small experimental portfolio. But the feeling is still good nonetheless.

 

Have DCAed into this portfolio yesterday and plan to continue this every month.

USD / HKD portfolio: 

 

Added a small position of PayPal when the share price dropped below my entry target price. 

 

The Futu PUT that I sold for $3.60 took an unexpected hit when the People's Daily reported that Futu Holdings and UP Fintech face regulatory risks as China's new personal data privacy law takes effect on 1st Nov 2021.

 

The share price of both counters dropped swiftly within a short period. I decided to close the contract early for damage control but still took a hit of about US$1,085.

Such is the risk of China stocks nowadays.

This single contract turned my otherwise profitable month to a loss-making one of US$577.17 (~S$778).

Overall I'm still in the black for my options trading since I started in March this year.

Current P&L is around S$2,700 off a base of S$20,000. I think it's not too bad for a 7 months endeavour.

Hopefully this amount can continue to grow exponentially. 

  

Moving forward I will continue to use options to supplement my investable income.

September 2021 Updates - How I Broke My Own Rules in Investing

Sept 2021

 

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

S$147,523.50

Purchase

 

84 shares of Support.com @ $24

36,000 shares of Sembcorp Marine @ $0.08 (Rights subscription under CPFIS)

Sold

60 shares of AMC @ $40.50

Dividends

 

1) CICT @ $279.72

 

2) CLCT @ $384.93

 

3) Ascendas Reit @ $192.85

 

4) MLT @ $216.10

 

5) ESR Reit @ $34.40

 

Total: $1,108

Short-Term Transactions

Closed 1 x SPRT Put 210917 at $26 strike with $11 premium early at $6.69.

 

Sold 2 x DIDI Call 210924 at $10 strike with $0.35 premium. Expired.

 

Closed 3 x SPRT Put 210917 at $19 strike with $3.70 premium at $3.40. 

  
Sold 1 x SPRT Call 210917 at $38 strike with $2.49 premium. Expired.

 

Sold 1 x SPRT Put 210917 at $14 strike with $1.15 premium. Assigned.

 

Sold 5 x SPRT Put 210917 at $13 strike with $0.84 premium. Assigned.

 

Sold 1 x FUTU Put 211015 at $80 strike with $3.60 premium.

 

Sold 2 x DIDI Call 211029 at $9.5 strike with $0.3 premium.

 

Sold 1 x TSM Put 211015 at $107 strike with $1.37 premium. 

 

Summary

For my SGD portfolio, not much change in terms of value. Collected S$1,108.00 of dividends this month. 

Decided to subscribe for Sembcorp Marine rights issue.

 

With this, I'm holding 60,000 shares at S$0.4052 average price.

 

Wifey's is 45,000 shares at the same average price.

 

Both of us are holding this under the CPFIS.

For my Syfe Core Growth portfolio, TWR has dropped to 3.77% which is lower than last month's figure, in line with the US and Chinese markets volatility.

 

Have DCAed into this portfolio yesterday and plan to continue this every month.

For my USD / HKD portfolio, I added 84 shares of SPRT at $24 and bring my holdings to 168 shares.

I also took assignment of 6 Put contracts for SPRT (1 x $14 and 5 x $13 strikes).

After conversion to Greenidge Generation (GREE) at a ratio of 1 SPRT : 0.115 GREE, my total holdings stand at 85 shares at average price of $167.03.

This whole exercise is a very bad mistake on my part. Many schoolboy errors were committed. I broke several of my own investment rules along the way despite so many years of investing. To be honest, I am very disappointed with myself.

How I Broke My Own Investment Rules

Yes, I have to make this bold and underlined to remind myself of this round of mistakes.

 

Mistake No. 1: I invested into the counter without doing enough due diligence. I knew it was going into a merger and the price is driven up by the euphoria but that's about it. I did my fair value calculations for the share price after I went in, not before. Schoolboy error.

 

Mistake No. 2: I got FOMO. Yes - after so many years, I still fell for it. Stupid. My emotion in investing definitely needs working on.

Mistake No. 3: I set a stop loss. But did not follow it. Really, stupidity has no cure.

Mistake No. 4: I traded options into the merger despite unknowns regarding the post-merger treatment of the option contracts.

I can go on forever... But the first 3 mistakes are pitfalls which I am well aware of yet I still fell in.. And the funny thing is that I always remind others not to do these..

Anyway because of this episode, my USD / HKD portfolio went from a profit of about 20% to now a loss of about 35%.

Hopefully I can fight back and level the field soon.

As mentioned above, I did a fair value calculation for GREE share price after I bought in and the value I got was $77 per share which gave a conservative market cap of around $3 B for GREE (RIOT's was $3.38 B when I did this calculation back then).

In other words, based on this $77 GREE valuation, each SPRT share must be bought at $9 or below in order to breakeven.

Hence if I have done my calculations first, I would not have bought into SPRT.

Of course as this past month has shown, the share price of Bitcoin miners has spiraled down as Bitcoin went into correction mode.

Taking that into consideration, if I take a conservative 80% of RIOT's current market cap at this point of writing as a reference, the fair value of GREE share should be around $49.

(0.8 * 2.39 B) / 38.67 M = $49 (conservatively speaking)

 

Currently Bitcoin is trading at around $43,000.

So assuming if Bitcoin goes back to around $50,000 which is the price when I first did my calculations, GREE should be trading at around $77 theoretically.

 

This also implies an upside of 308% from current share price.

 

However the issue is when will the market rate GREE at its fair value. Sometimes fortune favours the patient.

 

The current share price doldrum is partly due to the falling Bitcoin price and SPRT investors offloading to cut loss.

 

Once the loss cutting is done the share price should start to recover and consolidate in range.

 

My game plan or exit plan whichever is nicer to call, is to hold and try to position my average price to the fair value through DCA and options trading when the new option ticker is up for GREE.

 

The odds are against me but hopefully things will improve soon. Afterall GREE is a fundamentally good company at its base.

Enough about my mistakes for now...

This month I added S$7,500 into this portfolio and also received US$100.32 for the fractional GREE shares after conversion.

 

I also made a profit of US$1,473.93 (~S$2,006.79) from options.

 

Moving forward I will continue to use options to supplement my investable income and narrow the loss from GREE.

 

Last but not least, if you want to open a moomoo account you can do so using my referral link here. 

As always, good luck in investing!

August 2021 Updates

Aug 2021

 

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

S$147,427.16

Purchase

 

3,000 shares of CLCT @ $1.35

500 shares of ESR Reit @ $0.40 (PO + Excess)

84 shares of Support.com @ $50.94 average price

Sold

None

Dividends

 

1) Suntec Reit @ $84.36

 

2) SingTel @ $192

 

3) DBS @ $198

 

4) OCBC @ $265.50

 

Total: $739.86

Short-Term Transactions

Sold 3 x FUTU Put 210820 at $85 strike with $1.90 premium. Closed early at $0.25.

Sold 2 x SPRT Put 210820 at $5 strike with $0.55 premium. Closed early at $0.05.

Sold 1 x NVAX Put 210827 at $200 strike with $0.83 premium. Closed early at $0.05.  
Sold 1 x AMC Put 210827 at $35 strike with $0.41 premium. Closed early at $0.04.

Sold 1 x SPRT Put 210917 at $26 strike with $11 premium. 

 

Summary

02 Aug 2021 STI Open: 3,161.22

31 Aug 2021 STI Close: 3,055.05

 

STI closed lower than the opening of August with a drop of more than 100 points.

 

In my update last month, I've mentioned that the STI is range bound between a narrow band of 3,100 - 3,200 and it would be good if it can break out from the resistance level of 3,250. 

 

Unfortunately it broke below the lower band. I will monitor the market more closely in the coming month.

 

 

For my SGD portfolio, I added 3,000 units of CLCT at $1.35 and 500 units of ESR Reit at $0.40. 

For the former, I was waiting for the price to drop to $1.33 for a long time but it remained steadfast above that level (think I blogged about it in last month's update). So ultimately I decided to pull the trigger and bought in at $1.35.

 

As it turned out, the share price started to drop on the next day. Life's like that.

At least I bought below the issue price of the recent DRP. Since I am invested for the long term, I am not worried on this solid counter.

With this addition, my current holding for CLCT stands at 12,100 units.

For the 500 units of ESR Reit, it is from the latest round of preferential offering + subscription of some excess to round up to lot size. 

 

With this my current holding stands at 10,500 units.

For my Syfe Core Growth portfolio, current TWR is 6.59%. Not too bad. Still a small experimental portfolio.

 

Have DCAed into this portfolio couple of days ago and plan to continue this strategy every month end.

For my USD portfolio, I added 84 shares of Support.com at an average price of $50.94. Silly mistake due to FOMO.

 

Nevertheless I believe many people have benefited from the run up of this stock. I saw some comments that this is a life changing event for them and I really felt happy for these people.

 

It's not everyday that one can experience that so a big congrats to them!

 

This month's options trading is pretty good for me.

 

After making a loss of S$481.99 last month, I made a profit of US$686.55 (~S$922.24) excluding the SPRT Put which I sold at US$11 premium expiring 17th Sept.

 

I was targeting to hit S$1K this month but fell short of it due to early closure of the options for better sleep at night.

 

Moving forward I will continue to use options to supplement my investable income.

For my Cryptos, I have 2.250 BAT from the Brave Rewards worth USD 1.82 currently 😊.

Half Year Review of My US / HK Portfolio Performance

Time really flies. It seems just like yesterday when I made the first step investing into the US and HK stock markets as part of my plan for geographical diversification as mentioned here.

 

An equally important reason for doing so is because I wanted to add in some growth element into my overall portfolio approach and naturally I turned to the huge potential in these markets.

Notwithstanding the above, my SGD income portfolio is still an important part of my overall investment strategy because it provides a good and stable base for me to 'fight' it out in the overseas markets.

 

In a nutshell,

SGD Income Portfolio - Solid base of regular dividends

US and HK Portfolio - Exciting capital growth
Syfe Core Growth portfolio - Separate passive growth basket

However, this post will be excluding my Syfe portfolio which I am building up separately.

Today marks the half year mark of me depositing my first funds for the overseas market and hence I felt it would be appropriate to do a quick review on my performance so far.

Total Capital Invested: S$20,000

Current Return at Point of Writing: S$22,882.52

Total Realised & Unrealised Profit: S$2,882.52

Well, slightly over 10% returns in 6 months. I can't say I am satisfied with this since just 1 - 2 weeks ago I was looking at about 20% returns.

 

Nevertheless a profit is always better than a loss.

 

This decline can largely be attributed to two main reasons as follows:

 

1) Couple of PUT options which I closed out early with a loss this month as I decided not to take assignment for now. Perhaps I will write more about this in my monthly update for July.

 

2) The fall in share price of the chinese stocks in recent days. 

 

From the beginning to now, I have pivoted from dabbling in a mixture of Growth + "meme" stocks to mainly Growth + Mega Caps + Options now.

 

My current holdings (excluding option positions) are as follows:

 

Microsoft (MSFT)

Apple (AAPL)

Didi Global (DIDI)

BABA (9988.HK)

AMC Entertainment (AMC)

Blackberry (BB)

Sundial Growers (SNDL)

The latter two are free stocks won from some contests in moomoo.

 

Moving forward this shall remain my strategy. Hopefully when I do my first year review the returns will be much better!

Lastly, just sharing my referral links as below for moomoo and Tiger Brokers, both of which I am using.

If you like to sign up for these brokers I would greatly appreciate in you using my link to sign up. Cheers!

Referral link for moomoo

Referral link for Tiger Brokers

 

Referral code for Syfe: SRPTZHC7V

Have You Taken Advantage of moomoo's June Promotion? (Updated 6th July 2021)

I started using moomoo back in April this year and the more I use it, the more I like the platform over the others.

 

Apart from the free Apple share and welcome bundle, there are so many tools to explore, updated news for a quick catch up, short courses to attend and a very interactive forum for discussion on your stocks with other users.

 

Another feature that I like is the ease of earning points to redeem stuffs like limited and peripheral products as well as Futu coupons.

 

Last month I've blogged about my redemption of a money box for my kids here. It took some delay due to Covid but finally the money box is here!

 

It might be still early to teach my kids about investment. But it's never too early to inculcate in them the importance of saving for a rainy day.

It took 9,888 points for me to redeem this money box (it has since been increased to 12,000 points) but like I mentioned above, it is not hard to earn the points.

 

It doesn't even requires frequent stock trading. In fact I only traded stocks 3 times so far since most of my transactions are in Options.

 

Just to share some tips on how I accumulated my points.

 

 

Try to complete the Ach. and Growth Tasks which are not hard at all. Also do sign in daily and do daily tasks like reading news and do some paper trading.

It's as simple as that.

 

moomoo June Campaign

Coming back to the June promotion which runs from 1st June - 2nd Aug 2021, 2000 hours.

 

The welcome bundle for new account opening is largely the same as previous campaigns which I've shared here and here.

 

1) 180 days commission-free trades for the US, HK and SG stock markets.

 

2) Free access to Level 2 market data for the US stock market.

 

3) Free access to Level 1 market data for the SG stock market.

 

4) 1 x free Apple (AAPL) share. 

5) 1 x free Nio (NIO) share*. 

* The added bonus here is that after depositing the minimum S$2,700 and upon unlocking Level 1 trading badge or completing 5 trades, you will receive your free Nio share too.

 

You can use my referral link to sign up for the account opening if you wish to start enjoying the benefits.

 

At this point of writing, one Apple share and Nio share is worth US$139.87 and US$50.23 respectively.

 

In other words, you will be getting around S$255 just by doing a few simple steps mentioned above.

If you ask me, it is easy money and a no brainer honestly.