1) Performance
My stock portfolio has 8.4% return in 2019, slightly underperformed STI ETF (9%).
The portfolio is pulled down by Eagle Hospitality Trust (bought at around USD $0.7), George Kent (bought at around M$1.20), HRnet (bought at 0.78) and Kingsmen Creative (bought at $0.55).
In addition, my portfolio does not have much REITs; hence it does not benefit from the good returns REITs enjoyed this year.
Looking at long-term performance, I started buying stocks in 2004. The average annual returns from 2004-19 is 14%. My returns are higher in earlier years, probably helped by small portfolio. From 2013-2019, my stock portfolio average annual returns are 10%.
2) Non-Stock Portfolio
I have other stuff besides my stock portfolio and it comprise mainly SRS account, ETFs and Singapore Savings Bond (SSB). The SRS account mainly holds STI ETF.
My stock portfolio has 8.4% return in 2019, slightly underperformed STI ETF (9%).
The portfolio is pulled down by Eagle Hospitality Trust (bought at around USD $0.7), George Kent (bought at around M$1.20), HRnet (bought at 0.78) and Kingsmen Creative (bought at $0.55).
In addition, my portfolio does not have much REITs; hence it does not benefit from the good returns REITs enjoyed this year.
Looking at long-term performance, I started buying stocks in 2004. The average annual returns from 2004-19 is 14%. My returns are higher in earlier years, probably helped by small portfolio. From 2013-2019, my stock portfolio average annual returns are 10%.
2) Non-Stock Portfolio
I have other stuff besides my stock portfolio and it comprise mainly SRS account, ETFs and Singapore Savings Bond (SSB). The SRS account mainly holds STI ETF.
On ETF, I started to buy VWRA (an
ETF on Global Stocks listed in LSE) this year in Nov. Moving forward, I will
make monthly purchase of this ETFs, so as to maintain the stock-cash ratio.
This will also help to diversify my holdings which are Singapore-centric.
3) Edge
4) Position Sizing
8% of my stock portfolio was in Eagle Hospitality Trust before the large drop in Nov 2019. The drop makes me feel that I should have a smaller position in Eagle and hence my position sizing was off.
In future, for more risky stocks, I should maybe limit myself to not more than 5%. This may drag down returns, but it also helps to make my stock portfolio more stable.
5) Personal Expenses
I don’t do budgeting. I tried keeping a budget for a while a few years ago and find that my largest expenses are (1) monthly contributions to my parents and (2) income tax. These 2 items are my main outflows every month. And I think that they are still my largest outflow in 2019.
6) Net Asset Growth
I started keeping track on my net asset in 2014. The net asset coverage could be less comprehensive when I started. Anyway, my net asset include cash, stocks, bonds and CPF.
My net asset has been growing annually. The increase in net asset is mainly driven by wages and the fluctuations from year-to-year are due to stock portfolio returns.
