Saturday, December 03, 2016

Financial Review - November, 2016

November saw asmall 0.77% dip in net assets. Almost all the decrease was attributable to the not-as-good-as-expected result from China Gas, the fall in the India ETF and the fall in the AUD. 

Year to date the portfolio is up 4.51%. The adjusted change from when I retired in September 2013 is an 8.45% increase. Liquidity stands at 38.0 months of estimated outgoings. 

Here are the details:

1. my Hong Kong/China equity portfolio fell slightly. I added some additional shares in HSBC at the end of the month;

2. my AU/NZ equities appreciated slightly. There were no changes to the portfolio this month;

3.my equity ETFs were mixed (India down, Hong Kong and China flat) in line with the local markets;

4. my position in silver fell;

5. all tenants are paying on time. We are at full occupancy. One building is currently subject to a lengthy renovation exercise. My tenant had agreed to tough it out in exchange for a significant discount on the rent (which is better than a lengthy vacancy) but has now given notice expiring at the end of January, 2017. The property will need redecorating before being put back on the market;

6. the NZD was almost unchanged but the AUD fell sharply against the HKD/USD;

7. my position in bonds remains small;

8. expenses were moderate;

9.there were no transfers to Mrs Traineeinvestor;

10. there were no derivative transactions this month.

My cash position fell during the month due to the purchase of shares in HSBC and applying some dividend income towards reducing the balance of a margin loan. I currently hold 38.0 months of expenses in HKD cash or equivalents.

Wednesday, November 16, 2016

Financial Review - October, 2016

October saw a small 0.30% dip in net assets. Year to date the portfolio is up 5.31%. The adjusted change from when I retired in September 2013 is a 9.2% increase. Liquidity stands at 39.5 months of estimated outgoings. 

Here are the details:

1. my Hong Kong/China equity portfolio fell slightly. There were no trades this month;

2. my AU/NZ equities declined slightly. I added shares in Skellerup (NZX: SKL) to the portfolio. SKL offered a yield above 6% pa which I hope is sustainable over the long run;

3.my equity ETFs were slighly lower (India, Hong Kong and China) in line with the local markets;

4. my position in silver fell slightly;

5. all tenants are paying on time. We are at full occupancy. One building is currently subject to a lengthy renovation exercise. My tenant has agreed to tough it out in exchange for a significant discount on the rent (which is better than a lengthy vacancy);

6. the NZD and the AUD were almost unchanged against the HKD/USD;

7. my position in bonds remains small;

8. expenses were high as I paid for hotel accommodation for our Christmas holiday and air tickets to New Zealand for early in the new year;

9.there were no transfers to Mrs Traineeinvestor;

10. there were no derivative transactions this month.

My cash position fell during the month due to the high expenses. I currently hold 39.5 months of expenses in HKD cash or equivalents.

Saturday, October 01, 2016

Financial Review - September, 2016

September saw a small 0.33% dip in net assets. Year to date the portfolio is up 5.61%. The adjusted change from when I retired in September 2013 is a 9.43% increase. Liquidity stands at 40.1 months of estimated outgoings. 

Here are the details:

1. my Hong Kong/China equity portfolio fell slightly. There were no trades this month;

2. my AU/NZ equities appreciated as a number of companies reported good results and improved dividends. I sold my shares in Chorus (NZX: CNU) for a gain of about 65% over 2.5 years;

3.my equity ETFs were largely unchanged (India, Hong Kong and China) in line with the local markets;

4. my position in silver fell slightly;

5. all tenants are paying on time. We are at full occupancy. One building is currently subject to a lengthy renovation exercise. My tenant has agreed to tough it out in exchange for a significant discount on the rent (which is better than a lengthy vacancy);

6. the NZD and the AUD were almost unchanged against the HKD/USD;

7. my position in bonds remains small but improved after I subscribed for some corporate bonds in May and a perpetual bond this month;

8. expenses were low;

9.there were no transfers to Mrs Traineeinvestor;

10. there were no derivative transactions this month.

My cash position rose during the period due to sales of investments. I currently hold 40.1 months of expenses in HKD cash or equivalents.