Sunday, 3 April 2016

SRS Portfolio as of 31 March 2016

March seemed to be an "active" month for both SRS portfolio for my wife and I.

Corporate Actions for March 2016
  • Sold my position in DBS Bank for a profit of around $3,500
  • Made a stupid mistake to "chase" Jumbo and bought at the highest price of 48.5 cents ^_^ 
  • Contributed $15,300 to both SRS accounts. In case you are not aware, the limit was raised this year. You can read more from IRAS website here.
  • A late entry was a $492 distribution from Keppel DC REIT which i didn't update early.
Including the 2016 contributions, the invested capital for our SRS accounts stands at $189,975. Including the unrealised mark to market values of UMS Holdings and Jumbo, the fair value as of 1 April 2016 is around $208,570.


Passive Income Update

This section is purely our investments made for passive income. It does not include the gains or losses from trading. My target is to hit $120,000 per year at retirement using the bond ladder i blog about here. That will hopefully create a monthly income of around $10,000 which we can use to travel round the world. I promise to blog more about my world travelling plans here when i retire next time)

Mrs IPO applied for the Aspial Bonds which i had a write up here. Since she applied for it, i gave it a miss so that on a combined basis, we are not overly exposed to a single counter. Believe it or not, it was her first "virgin" application. Although the interest income goes to her, i will view it as part of the passive income that i am creating for the family. Hopefully, she will get more interested in investing and spend less time on bags and shoes. :-P

I was also allocated 25,000 shares in the placement tranche of Croesus Retail Trust at 75 cents each. The trust is currently yielding more than 10% but i have to say they used a lot of leverage to get that 10% yield. I will hold it for now since i got it at a really nice price.

Based on our stocks and bond investments, the current projected interest income is around $11,600 per year. Still a long way from our target and most of the income coming in April and October. 

Till next time and best wishes for your personal pursuit for financial freedom.



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