So if you're sitting on a 11.3% loss, you're pretty much doing market normal. You're normal. On the other hand, if you've been buying throughout the year when the market dropped, it's probably going to turn out great in the longer run. That is, provided you didn't buy a bunch of junk! You had a lot of guts and I wish you success! You're probably abnormal.
My stock investment has returned an IRR of -1.2% for 2015 inclusive dividends reinvested into the portfolio. So I guess I should take some satisfaction that I have outperformed the market for the 6th year running. Can I gloat somewhat?
However, my long term IRR has continued to slide: from ~20% (2012-13, 4-5 years), to 17.3% (2014, 6 years), and now ~12% (2015, 7 years). A case of reversion to mean? Still, 12% over 7 years is not a bad long term performance. I'm consoling myself.
The shares portfolio is taking on a more global outlook as I've started investing into other regional ETFs (esp. Europe, Asia-Pac and Japan) on top of my current holdings of Singapore and US shares. If this was a fund management company, I should probably use some other global benchmarks. But I'm not, so I will continue to reference STI as my benchmark, because that's what my opportunity cost is. I'm only accountable to myself.
Bought:
Anheuser Busch (US)
However, my long term IRR has continued to slide: from ~20% (2012-13, 4-5 years), to 17.3% (2014, 6 years), and now ~12% (2015, 7 years). A case of reversion to mean? Still, 12% over 7 years is not a bad long term performance. I'm consoling myself.
The shares portfolio is taking on a more global outlook as I've started investing into other regional ETFs (esp. Europe, Asia-Pac and Japan) on top of my current holdings of Singapore and US shares. If this was a fund management company, I should probably use some other global benchmarks. But I'm not, so I will continue to reference STI as my benchmark, because that's what my opportunity cost is. I'm only accountable to myself.
Bought:
Anheuser Busch (US)
ARA Asset Mgt
Aspial (bonds)
Boustead
Capitacom Trust
Capitaland
CIMB Asiapac Div ETF
Exxon Mobil (US)
Global Logistic
HongKong Land
JMH
Keppel
Lyxor Europe10 ETF
Lyxor Japan10 ETF
M1
OCBC
Second Chance
The Hour Glass
Union Pacific
YZG
Zagro Asia
Rights Issues Subscribed:
ARA Asset Mgt
Sold:
nothing!
Lots of buying, not much selling. To be precise, I've sold nothing throughout the year. I've been a stooge. Gave nothing away.
Aspial (bonds)
Boustead
Capitacom Trust
Capitaland
CIMB Asiapac Div ETF
Exxon Mobil (US)
Global Logistic
HongKong Land
JMH
Keppel
Lyxor Europe10 ETF
Lyxor Japan10 ETF
M1
OCBC
Second Chance
The Hour Glass
Union Pacific
YZG
Zagro Asia
Rights Issues Subscribed:
ARA Asset Mgt
nothing!
Lots of buying, not much selling. To be precise, I've sold nothing throughout the year. I've been a stooge. Gave nothing away.
Dividend income grew marginally to $11,168 for 2015. This would have been higher of course, except that I chose to accept all options offered in the form of scrip dividends (i.e. additional shares in lieu of cash) as per previous year. I'm too lazy to figure out what the exact dividend amount would have been. But I estimate it would likely be in the region of $14,000 for the shares portfolio. That's not enough to live off my lifestyle on, yet.
But from an overall perspective, the total portfolio of shares, unit trust, investment-linked and cash/bonds has finally breached the 7-figure zone. The journey is progressing well. The point of "inflexion" (a.k.a. financial independence) is coming.
Despite a tumultuous 2015, here's wishing you a wonderful 2016 next. Happy New Year!
1 comment:
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