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; 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.

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