Portfolio Review 4Q13

Currently holding on to 10 counters (see Portfolio Review 1Q10 for 1-3, Portfolio Review 2Q10 for 4, Portfolio Review 4Q10 for 5-6, Portfolio Review 1Q11 for 7, Portfolio Review 4Q12 for 8 and Portfolio Review 2Q13 for 9):

1. FrasersCT
2. PLife
3. Starhill
4. Cache
5. First REIT
6. Sabana
7. Cambridge
8. Sembmarine
9. Croesus RTr
10. CDL HTrust
    • Buy
      Positive on Maldives acquisitions in Jan and Dec 2013

Next portfolio review due after 31 March 2014.

Note to self: only simple P/L calculated


Reflections
Towards the end of 2013, I have been seeing rather a lot of talk about rising interest rates going forward, and how this is likely to adversely impact REITs and bonds going forward. Naturally, this drew my attention as a vested investor.

Nonetheless, I am inclined to sit tight at the moment. Nothing too scientific, my gut feel is that this is likely to be a gradual trend more than a sudden jump, future US Fed announcements notwithstanding (more like market noise to me...)

Over the past year, portfolio value has certainly taken a hit, will be looking to pick up more of some counters which I am more optimistic about.

With the benefit of hindsight, current level of passive income is comfortable but has not been increasing as fast as I had hoped. Shall be aiming to achieve an extra 1.5-2 months of "extra pay" through passive income in the near time, wish me luck!

Happy New Year and a great 2014 to all !!