Stocks
- After 2 weeks of options farming, markets turned for worst as interest rates fears again in anticipation of CPI and new rate hike in the following week.
- Took losses back to approx original capital prior to SPY strategy.
- After watching ML video on his CN thesis, decided to give it a go since chinese stocks have been on a recovery trend.
- Current plays would be focused on Financials and one Commodity play in HK market and the the trinity of Mapletree in SG market for Reit exposure.
- All companies give at least a 6% div without any WHT which is an advantage. Drawback is CN banks pay yearly in Jun/Jul while CNOOC pays semi annual in Jun and Sep.
- The trio pays at least twice to 4 times per annum which helps to fund my broke lifestyle.
- Have allocated 300k USD to BOC, ICBC, ABC, CCB and CNOOC. Will continue to fund bi-weekly from remaining 272K in Tiger Vault
- Have allocated 280K SGD to do a monthly fund for the trio while earning interest in the Vault.
- Hopefully this becomes a passive passive pf from now on, no more interest in the market.
- % of allocation will be updated once available.
Life
- Going to HY tomorrow, may not be able to update and by the time I'm back, CPI data would have been released.
- Fingers crossed to a downward inflation...pkl
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