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.

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