Sunday, September 01, 2013

Financial Review - August 2013

August was a modestly good month for my investments. Net worth increased slighty. High income produced excellent savings and the principal component of my mortgage repayments combined with reasonable gains on my equities and commodities were only partially offset by the impact of a further decline in the AUD and NZD.

Here are the details:

1. my Hong Kong equity portfolio appreciated. During the month, I purchased some additional shaes in Anhui Expressway and Sinolink Holdings. I hold shares in CMR which is currently suspended following an attack by a short seller alleging fraud. I am currently assuming a 100% loss on this position;

2. my AU/NZ equities appreciated, helped by some excellent results announcements; ETFs increased in line with the local markets (except India which decreased with the Rupee). There were no new purchases;

4. my commodities increased. Silver is my only position which rallied strongly;

5. all of my properties were occupied with all tenants paying on time. There were only minor repair bills this month. Unfortunately, one building has received notcies for a mandatory window inspection. One property is now debt free;

6. currency movements were negative, with losses in both the NZD and the AUD;

7. my position in bonds remains small;

8.I have purchased a NZD/HKD forward contract;

9. savings were high with high income and moderate expenses (including a summer holiday which came in under budget);

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

My cash position rose slightly with money coming in than going out due to new investments. I currently hold 59.43 months of expenses in HKD cash or equivalents. This is above my target floor of 24 months.

For the one month period, my net worth rose by 1.08%. The year to date increase is 6.97%. This means that my investments have more or less broken even this year. My retirement date has been fixed for 30 September.

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