Thursday 28 March 2024

$983K profits in 20 years (2005-2024)

As always, I share my posts with trepidation from privacy concerns and others' negative comments. Yet there is also a strong desire to contribute positively to the investing community and encourage others to start and persevere on this difficult financial journey. 


As I look back 20 years ago in 2005, when I started to pen down in small steps of my financials into a simple Excel sheet, never would I have imagined that it will grow and multiply till this size. For 2005, I clocked a meagre $4K vs 2024, which I estimate would reach $130K. As I pen down my thoughts, mistakes and achievements, counting my blessings and painful learnings, slowly yet surely my finances have grown. 


Of course, I still have a long way to go as compared to big financial gurus who have 8 or even 9-Figures portfolio, but I am grateful with where I am currently. I hope to continue to grow and learn steadily, contributing my knowledge and finances positively. My blog name of Finacial Stewardship, stems from an inner belief to always put my Talents to Good Use.

As u read this post, give urself a pat if u are just starting your financial journey. If u have exceeded me, give urself a double pat... Press on! Financial Warrior! 😎 


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Wednesday 27 March 2024

Q1 $17,808 ... Q2 $23,535 ... 2024 $114,583

It's been 3 months into the new year and almost reaching the end of Q1. So thought it would be good to have a short summary log for 2024. Singapore markets have been moving sideways for the past few months, and I am almost falling asleep... Hence blogging again 😂

Looking into Q1 numbers, there's really not much activities. I am logging in profits as my SGS T-bills mature, collecting dividends mainly from Reits (MIT, Areit, Ascott, Keppel, MLT) and divesting my ST Engineering plus picking more MLT. That's basically it for the past 3 months that seems to zoom by ...


Looking at STE's chart above, it's really quite an unexciting chart. Strong resistances can be seen in $4.10 and $4.30 regions. Bought STE about 9 years ago to diversify my portfolio, and will be exiting with about 10% gains after 9 years! That's about 1% for every year, but factoring in the yearly dividends of around 4%, totalling would make it around 5% per year.


For the MLT chart, readers should be rather familiar that interest rates have spiked up sharply for the past 2 years. Hence Reits being leveraged with debt, have suffered in their prices. MLT is approaching its 2020 low price support of $1.4+ forming "hopefully" a triple bottom chart pattern. Weekly stochastics and MFI also show its price at oversold levels.

The concern about MLT is the gearing debt which is approaching 40% with its recent $200M purchases in Malaysia and Vietnam. Hence it might either need to divest existing properties or raise cash through Rights/EFR. 

Do you have any thougths on STE or MLT? Let me know in the comments section below. If you have enjoyed my blog posts, please also help to encourage me through like, follow or comment. Thanks 😎


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