Monday, September 17, 2018

September Update

September marks the 1.5 years I committed to this journey to retire young.

So far, the returns have been sub-par for the year, what with the recent fall in Alibaba and Daimler shares that has affected my portfolio significantly. The bear market in Hongkong now is something I am looking to see if I can enter at some cheap valuations, what with the volatility now coming in from the Tariff War.

However, I had also entered more into Alibaba, nearly doubling the amount I had put in last year. I intend to continue adding to Alibaba at least up till the end of the year. While this addition has cost me some short term-growth, I foresee this as a 10 year play, and will continue adding into this share as time goes on.

My other considerations is to start looking at S-reits that I can enter into going forward, to provide some steady dividends in the meantime.

In this case, I am moving my portfolio to certain non-dividend shares overseas and dividing yielding shares locally. I will make an update on the portfolio page soon.

I am also contemplating purchasing some Singapore Savings Bonds with the rainy-day portion of my savings, utilizing the DBS Vickers account I am planning to set up soon. This will be with the intention of triggering the higher returns from DBS Multiplier.

I have overspent slightly for the past 2 months and have been looking to see where I can make adjustments on my expenditure as well.

Cheers and good luck in your retirement journey.

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