Monthly Expense: 2021 February

Another month, another tracking.. 1/6 there to annual budget report. Exciting to fill up my tracker up tbh.. hope I'm not the only weird one.  

Expense 2021 ~Feb

This month was marginally higher than Jan 2021 despite a shorter month.

While food/groceries fell lower; main contribution was due to Birthday month, so I am paying less for food this month and also shorter month. However, I can see my groceries fee coming up much higher compared to Jan.. mainly due to the fact that I've used up my groceries voucher (was diligently portioning them out). We can expect this category to rise sharply next month due to higher food and groceries costs.. reckon close to SGD1,000. 

The rest under Basic remains relatively stable for now, and I also don't foresee any bump coming up for the coming months. 

The excess also maintains relatively stable less the entertainment as I had some nights out drinking which explains the higher cost here. 

On another note, I've paid to get premium features on my tracking app using money I earned from Google Rewards. I just want to pay back to the service that I've used for more than 4 years. Support what you like before they go under. 

Cheers

Feb 2021 Dividend/Interest Update

As many know I've set a goal for interest/dividend gain for the year.. around SGD3.3k is my goal for 2021. My own accounting actually ends the financial year in April.. but this goal actually sits in my Milestone excel.. so a different system. I will use the blog as a tracker for myself. 

On another note, I only recognize the dividend once I'm paid so not following Ex Date. 

YTD Gain: SGD364.13

Month Gain: SGD359.3

Ascott Residence Trust (SGX:HMN) 

Ex Date: 3 Feb 2021

Record Date: 4 Feb 2021

Payment Date: 26 Feb 2021

Total Payout per Stock: SGD 0.01986 (1.891% yield, based on Ex Date closed SGD1.05) 

SPDR Straits Times Index ETF (SGX:SI)

Ex Date: 9 Feb 2021

Record Date: 10 Feb 2021

Payment Date: 24 Feb 2021

Total Payout per Stock: SGD 0.04 (1.36% yield, based on Ex Date closed SGD2.94)

Ascendas Real Estate Inv Trust (SGX:A17U)

Ex Date: 9 Feb 2021

Record Date: 10 Feb 2021

Payment Date 9 Mar 2021

Total Payout per Stock: SGD 0.01678 (1.891% yield, based on Ex Date closed SGD1.05)

Trading Book Performance - Feb 2021 - Chaotic Market

The market has been thrown into a big turbinal due to rates move (interest rate movement) on the back of reflation concern. In very layman's terms, the world's interest rate (America) is increasing on the back of the economy reopening and thus interest rate has been shooting up higher and higher every day over the past week. This raised concern that growth stocks or US equities might have overrun thus a bubble that caused the big retracement. 

Personally, I also got hit quite badly and if the equities market doesn't recover, it might just undo my Feb gains. You can look at the figures below where I am only sitting around 700USD gains. I've also taken a few fallen knives. 

However, I am still very bullish on the US equities market but I am not keen to add any more at discount due to my margin requirement. Honestly, I am very risk-averse as I've made quite a fair bit of money (more than what I expected).

I expect this hike in rates won't be sustainable and also money will flow back into equities eventually. The central banks across the globe are also putting in efforts to keep the rates low.. so this might help too. Generally, I feel that the economy is too bullish in its recovery. 

Let's see how next month will go. I'm currently heavy on options.. hopefully, the market will recover. 

How are all your portfolio doing?

Cheers to month-end. 

Tencent Rally 25Jan2021

Tencent (700.HK) - closed HKD691 (22JAN2021)

• Citigroup increased the price target to HKD876 (up 19%)
• Consensus stands at 93.7% for Buy rating
• Focus on Weixin and Gaming growth 

As of writing, TENCENT opened up in HK at HKD707 (up 2.3%) and maintain a strong rally reaching a high of HKD735.5 (up 6.4%). 6.4% up is a good record that has not been recorded since July 2020. 

It is interesting to see how a price target from a bank right before the opening bell of HKEx will drive the stock price. 

I tried digging around to find any other big significant news that might be driving the the price higher.. and other than the price target by Citi.. nothing really stood out other than... 

Kuaishou IPO

Kuaishou Technology (main rival to ByteDance Ltd) is seeing to raise as much as USD5.4billion putting it as the world's biggest internet IPO since Uber. This startup is backed by Tencent Holdings <-- highlight. The better the IPO does, as we've seen in recent times.. mostly will perform way better from their IPO price.. it will drive Kuaishou's valuation up.. in-directly driving up Tencent's balance sheet. 

Kuaishou is looking to sell 365million shares at HKD105~115 each.. which puts its valuation at USD28.6billion.. expectations are valuation could double or more after the IPO which will put Kuaishou at USD55.6~60.9billion. 

Tencent has about 21.6% stake in Kuaishou.. so you see the link here.. 

Tencent is currently trading at HKD720 (4.2% up) putting it around 29% up on the month and 27% up YTD. 

What's your take on Tencent? Buy at high and wait till the price target? or try to get a piece of Kuaishou before it doubled? Personally, I won't jump straight into a bull market, especially not for a slightly longer term unless I am looking to trend trade.. will try to pick up some if it drops.

Cheers~ Happy week ahead!