Largest investments updated (4Q 2022.)

It feels like I have been publishing many of such blogs in recent months.

It means that I have not been as lazy as I would have liked to be as an investor.

Chinese drama lead would say “my life is so bitter” while adding a little cry at the end.

AK so drama.

Anyway, what has changed?

The current list of largest investments in my portfolio looks like this:

$500,000 or more:
CPF
OCBC

For a very long time, it was just the CPF.

Long time regular readers of my blog know that I think it is important to have risk free and volatility free CPF in our portfolio.

We would truly appreciate this in severe bear markets.




Now, my CPF is lonely no more as OCBC has joined the highest bracket in my portfolio’s largest investments club.

I added to my investment in OCBC during the COVID 19 pandemic and then again in 1H 2022 with some of the funds raised from reducing my exposure to Centurion Corp.

Then, in 2H 2022, I increased my enlarged investment in OCBC again by some 11% as I used the funds raised from reducing exposure to ComfortDelgro to add to my positions in both OCBC and UOB.

With a higher stock price today, the market value of my investment in OCBC breezes past the $500,000 mark.




$350,000 to $499,999:
1. IREIT Global
2. AIMS APAC REIT.

In my last passive income update, I revealed that IREIT Global has become my largest investment in the REIT universe.

AA REIT has been dethroned.

I won’t rehash.

I will instead include a hyperlink to the blog on my full year 2022 passive income if you want to find out more.

All references at the end of this blog.





$200,000 to $349,999:
1. DBS
2. UOB
3. Wilmar International

In this category, DBS and UOB are both very close to the top.

I only started investing in UOB during the COVID 19 pandemic induced bear market.

I accumulated a relatively large number of shares in UOB within a very short span of time then.

In 2H 2022, I further increased my investment in UOB by some 19% using some of the funds raised from reducing my investment in ComfortDelgro.

Since then, the share price of UOB has increased some 15% which is both a good and a bad thing.

Why a bad thing?

I wasn’t quite done with my plan to buy more of UOB’s common stock.

What to do?

It is what it is.




Without any further effort on my part, it is possible that my investments in DBS and UOB could make their way to the next highest bracket in the future.

I say this as the banks should see their intrinsic value increasing over time as they retain more earnings.

Of course, as an investor for income, that isn’t my primary motivation but it is icing on the cake.

Wilmar International is still very undervalued if we look at the sum of its parts.

Mr. The market seems to be constantly mispricing Wilmar International.

However, I am quite happy to be paid while I wait for more value to be unlocked.

Still, it is anyone’s guess how long it will take for more value to be unlocked.

Patience.





$100,000 to $199,999:
1. ComfortDelgro
2. Sabana REIT
3. Capital and China Trust
4. Frasers Logistics Trust
5. SSBs and T-bills

ComfortDelgro has joined this bracket after I trimmed my position.

Of course, ComfortDelgro’s weaker stock price does not help its position in the portfolio.

Finally, I wondered whether to include bonds in this update but since I have already included my CPF, I decided to do it.

In 4Q 2022, I moved more than $100,000 into Singapore Savings Bonds (SSB) and treasury bills (T-bills.)

The aim is to continue growing the fixed income component in my portfolio.

Of course, this is something which I have been doing in the last few years on my own steam through voluntary contributions to my CPF account.

Feels a little crowded now in this lowest bracket.




Things I have done to my investment portfolio in 2022 have delivered positive results on the passive income front.

They have also probably helped to protect the value of my investment portfolio.

I am hopeful that these largest investments will continue to bring home the bacon in 2023.

References:
1. Full year 2022 passive income.
2. More than $1.1 million in CPF.
3. Largest investments (2Q 2022.)
Recently published:
T-bills and my investor profile.





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