Saturday, February 28, 2015

Financial Review - February, 2015

February was another good solid month for my investments.

Net worth increased.  Asian equities appreciated slightly slightly offset be a small fall in commodities and FX movements were slightly favourable. Expenses were high as I expensed half the cost of renovating a flat.

Here are the details:

1. my Hong Kong/China equity portfolio increased . There were no transactions this month;

2. my AU/NZ equities appreciated. There were no transactions this month;

3.my equity ETFs appreciated (India, Vietnam, Hong Kong and China) in line with the local markets. There were no new purchases;

4. my commodities fell slightly. Silver is my only position;

5. all tenants are paying on time. One property is vacant and is currently undergoing renovation;

6. currency movements were positive with gains in the NZD and the AUD being flat;

7. my position in bonds remains small;

8. expenses were high due to expensing half of the renovation costs of a vacant rental flat and university fees being paid;

9.there were no transfers to Mrs Traineeinvestor this month.

My cash position fell. I currently hold 34.1 months of expenses in HKD cash or equivalents. February is the lowest month of the year as far as cash inflows are concerned.

For February, my net worth increased by 1.21%. The year to date increase is 1.61%.

Financial Review - January, 2015

January was a good solid month for my investments.

Net worth appreciated.  Equities appreciated across the board as did commodities while adverse FX movements materially reduced the local currency gains. Expenses were low.

Here are the details:

1. my Hong Kong/China equity portfolio rose in line with the local market . There were no transactions this month;

2. my AU/NZ equities appreciated. There were no transactions this month;

3.my equity ETFs appreciated (India, Vietnam, Hong Kong and China) in line with the local markets. There were no new purchases;

4. my commodities rose slightly. Silver is my only position;

5. the properties are no longer a full occupancy and all tenants are paying on time. One property became vacant just before Chinese New Year in 2015. The vacant property requires a complete renovation and this will start next week;

6. currency movements were negative with falls in the NZD and the AUD;

7. my position in bonds remains small;

8. expenses were low;

9.there were no transfers to Mrs Traineeinvestor this month.

My cash position increased slightly. I currently hold 35.8 months of expenses in HKD cash or equivalents.

For October, my net worth rose by 0.53%. The year to date increase is 0.53%.

Friday, January 16, 2015

2015 - Moving Forward

So we are into the third week of the New Year before I get around to articulating what I intend or hope to achieve this year.

The financial side is obviously important and it would be a very nice outcome if our assets could continue to generate sufficient returns to pay the household expenses and beat inflation. Given that asset prices are generally high (excepting H shares and commodities), there is a reasonable chance that this will not happen. However, so long as cash flows from rents, dividends and interest more or less meet our expenses we will still be doing okay and we still have two part time incomes as back up and the comfort of knowing that all our outstanding P+I mortgages are slowly being amortized away.

On the non-financial side, I have given myself four main objectives:

1. in 2014 my fitness was impacted by a nagging injury (plantar fasciitis) and another health issue. I am really hoping that those issues are now behind me and I can get back to the kind of level where I can sign up for the HK marathon in 2016;

2. finish the novel I am writing (including all editing). I had hoped/intended to finish it last year but for one reason or another, I got a lot done but fell six or seven chapters short of finishing a rough first draft;

3. finish the MFA. It's been a lot of fun and a very rewarding start to my retirement and I will miss the interactions with the faculty and other students, but it will be good to finish it and move on to the next project;

4. continue spending time on volunteer activities - I've enjoyed all of them so far and get a bit of a buzz about "giving back" so I'll continue with all of them.