What we did in September to our portfolio 2022

JC Project Freedom Journey Towards Financial Freedom

Updated 27th September 2022, updated 28th September 2022, updated 29th September 2022, updated 29th October 2022

In hindsight, I was too rushed and I pump in the funds too early. I pumped SGD 15,300 into SRS (it is a retirement savings bank account that allows tax relief the following year) and buy all into Dimension Fund via Money Owl. Then the global market slumps by another 5-8% after the injection of funds.

I bought into 2 tranches of S-REIT ETF. I thought the 0.9 range is quite attractive. I bought 10,000 shares at 0.994 and another 10,000 shares at 0.997 later on. Then on the 23rd of September market close, the price dropped to 0.970.

Sourcing: Tradingview.com CLR

I collected a premium of USD 621 (HKD 4,860) through selling options in HKEX.

  • Sell 3 PUT 6.HK Power Asset 28th Oct 2022 SP 40 – premium 0.35 (1500 shares)
  • Sell 3 PUT 700.HK Tencent 28th Oct 2022 SP 250 – premium 2.95 (300 shares)
  • Sell 1 PUT 9618.HK 28th Oct 2022 SP 185 – premium 3.9 (500 shares)
  • Sell 2 PUT 9988.HK 28th Oct 2022 SP 70 – premium 1.62 (1000 shares)

I am comfortable acquiring the shares at the respective prices if they are exercised.

Need to remind myself to slow down, I think the downturn can be very long and nobody knows when is the bottom. The target for the next 2 years is to build up a portfolio of S-REIT ETF to increase the dividend income by another SGD 20-25k/year.

Updated 29th September 2022

On 27th September 2022, I bought another 100 shares of VWRA at USD 90.34/share. I don’t know how low VWRA can drop. It can be USD 80-85/share but I just continue to average down. I think it is cheap enough but things can get even cheaper.

On 28th September 2022, I bought another 2000 shares of Power Assets at HKD 39.4/share. The next moment, it dropped to HKD38+/share.

On 29th September 2022, I bought 22000 shares of CLR.SI Lion-Philip S-REIT at SGD 0.924/share. Yesterday, it was at SGD 0.913/share at the close. Total S-REIT shares stand at 42,000 shares. I will need another 300,000-360,000 shares. Pray the market will continue to go on sales. Love sales, don’t you?

Updated 29th October 2022

The options were all assigned. I was assigned 1,500 Power Assets shares, 300 Tencent shares, 500 JD.com shares, and 1,000 Alibaba shares. I am utilizing SGD 111,500 worth of margin now.

1 Trackback / Pingback

  1. JC Fund in Bear Market 2022 | Our Journey Towards Financial Freedom

Leave a Reply

Your email address will not be published.