Financial Stewardship: January 2025

Wednesday, 8 January 2025

7-Figures Portfolio w $300K of DBS OCBC UOB unrealized profit ... Sell?

I have picked up a sizeable position of around 7-Figures in the 3 local banks over the past few years, as I felt that they were undervalued for such well managed companies. Dividend yields have also been comparable to reits, plus the business model of banks are proven historically and simple to understand. Banks risk rating of AA (low risk) also beats BBB (medium risk) for most reits by at least 2 notches

Over the past year, the prices of local banks have risen 40%+ considerably to all time highs. Today, the prices of all 3 banks have also risen over 2%. While the fundamentals of banks remain solid, should I take some profit of the $300K so far? 😅

There seems more room for upside though, with good volumes and there's really nothing else much to buy to replace these banks. With Trump taking office in less than 2 weeks, stock markets will be more volatile, as trade wars might be looming. There are really not much places for money to hide nowadays!

Press on Financial Warrior, YOU Mighty Man of Valour!

2024 $184K Profit

Should I sell my $400K UOB at $35.69

Single day $50K unrealized profits w Banks

OCBC ~$300K sell abit at $15.3

$71K 1H24 income ... $143K 2024

2023 cashflow $143K w XIRR 9%

My 7-figures porfolio (2024 Q1)

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

Disclaimer: This blog is provided for education/information purposes and should not be used as an enticement to invest in any financial products

Wednesday, 1 January 2025

2024 $184K Profit (Nice!)

Today is the 1st day of 2025, and time to summarise and consolidate the whole year of 2024. Counting my blessings for the total profits of 2024 came in at a nice $184K. A major bulk of these came from the 3 local banks, followed by various reits, blue chip stocks and bonds. The past year has been a great run-up for stocks especially DBS, UOB and OCBC. I couldn't resist to take some profit, as prices climb to all time highs. Computing over the past 20 years, the accumulated profits have exceeded the psychological $1M. Who says you can only be a millionaire through property?! Stocks are also possible too and I am one of the many examples. Nice! 😎

Looking forward into 2025, the major wild card seems to be Trump. Some are optimistic with the anticipated tax cuts, others are pessimistic with upcoming tariffs war. It's certainly a more dangerous and volatile year ahead. With trepidation, we can only carefully tread forward, hoping for the best and preparing for the worst.

When I slowly started investing some 20 years ago, it was just to be a good steward of money, working and saving hard for a better future. Of course there were many silly mistakes I made, but only by persevering and pressing on bravely, casting aside bad decisions and forgiving myself, upon looking back there seems to be some achievements now. 😅