A little commentary on the market and of course, Bremain or Brexit that is looming over the horizon.
People are saying the polls are split and Brexit might even have the edge. But I seriously think that’s bollocks, after the Scottish referendum experience. I really doubt people who prefer the status quo bother with polls. Furthermore, the baby boomers and elderly are one large voting bloc which I feel will largely vote according to their vested interests.
And if staying in EU will make their holidays cheaper and preserve the value of their portfolio, that’s what they are going to vote for.
Of course, I could be wrong. But that would mean the bookmakers would be very wrong too, since Bremain is a big favourite at the betting markets. A $10 bet would only give you $3 of winnings if you’re on the same side as me.
1. Core Portfolio
Nope, no action this month. With the smaller amount of savings we are adding per month, it would generally require a quarter to build up enough to warrant even one action.
And with the market just going sideways (although it seems to be threatening to go down much further), the value of the core portfolio remained at around $114,000.
| Asset | Avg Bought | Amount | Price | Valuation | Allocation |
| STI ETF | $2.92 | 12,800 | $2.82 | $36,096 | 31.7% |
| Berkshire B | $134.50* | 120 | $140.45 | $22,753 | 20.0% |
| SSBs | $1.00 | 15,000 | $1.00 | $15,000 | 13.2% |
| Cash (SGD) | $1.00 | 40,000 | $1.00 | $40,000 | 35.1% |
| Total | $113,849 | 100.0% |
2. Local Stock Portfolio
No wheeling and dealing on this front too. I have largely accepted that I have generally not been very adept at identifying opportune times for selling. Therefore, instead of retching up transaction costs, I would probably just hold most of my stuff for the long run.
With a slight $2k increase in the value of the portfolio, you could argue that I went through May with flying colours? Sell in May and go away? Nah, I am not a market timer.
| Stock | Amount | Price | Valuation | Allocation |
| ST Engg | 6,500 | $3.110 | $20,215 | 15.58% |
| Kingsmen | 27,700 | $0.635 | $17,590 | 13.56% |
| Ho Bee | 4,500 | $2.280 | $10,260 | 7.91% |
| OCBC | 1,200 | $8.450 | $10,140 | 7.81% |
| PLife Reit | 4,000 | $2.420 | $9,680 | 7.46% |
| MCT | 6,000 | $1.450 | $8,700 | 6.70% |
| Semb Corp | 3,000 | $2.820 | $8,460 | 6.52% |
| CCT | 6,000 | $1.385 | $8,310 | 6.40% |
| HK Land | 1,000 | $8.100 | $8,100 | 6.24% |
| Boustead | 9,000 | $0.795 | $7,155 | 5.51% |
| Genting | 8,000 | $0.730 | $5,840 | 4.50% |
| MTQ | 10,000 | $0.530 | $5,300 | 4.08% |
| M1 | 2,000 | $2.520 | $5,040 | 3.88% |
| Super Grp | 4,000 | $0.835 | $3,340 | 2.57% |
| Bou Proj | 2,700 | $0.605 | $1,634 | 1.26% |
| Total | $129,763 | 100.00% |
3. Emergency Funds
The only thing I am letting on is that I am interested in getting a little more exposure to bullion.
| Asset | Amount |
| CPF OA | $38,000 |
| Cash (SGD) | $20,000 |
| FCL Bonds | $21,000 |
| Alternative Currencies | $15,000 |
| Total | $94,000 |
I don’t know about Brexit, and I’m quite worried. I’ve spoken to several otherwise sane and rational people who have declared they are voting to Leave.
We will know in a week’s time!
just curious, how long have you been as a working adult?
Hi Bruce,
It’s been 5 years since I started work. Although you could also say I took a one year break in between.
Anyway, the portfolio is a combined one with my wife, in case you are wondering how I manage to accumulate this amount of money alone.
Good post.
Hi Thomas
Impressive portfolio. Read like an Index. Why don’t you focus on a few growth stock to increase your margin?
what are the growth stocks in your mind, Fred?
may i know which broker you use to buy foreign shares? sorry you may have mentioned it somewhere else in your blog.
Hello, I would like to check with you on Super group. Do you still feel that it is a good buy in your opinion?
Hi Anthony,
On this blog, I don’t provide much (or maybe any) analysis on specific stocks.
I can only say that at this point in time, my small entry in Super Group seems like a mistake.