Wednesday, April 01, 2015

Financial Review: March, 2015

March was another good solid month for my investments.

Net worth was more or less break even.  Asian equities appreciated, more or less offset by small falls in my Au/NZ equities and in commodities and slightly unfavourable FX movements. Expenses were high as I expensed the remaining half the cost of renovating a flat.

Here are the details:

1. my Hong Kong/China equity portfolio increased. I added HSBC (HK5) and sold China Starch (HK:3838) and Sichuan Express (HK:107);

2. my AU/NZ equities fell. There were no transactions this month; 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 negative with 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;

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

My cash position fell. I currently hold 32.1 months of expenses in HKD cash or equivalents. 

For March, my net worth was unchanged. Effectively, the portfolio generated enough positive return to cover the difference between my part time income and our expenses and the cost of the renovation work. The year to date increase is 1.69%.

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