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.
