I sold my small number of apple shares in August at around $99, realising a capital gain of over 60%.
This investment was one of my rare deviations away from the core portfolio of well diversified high income ETFs, bought more for curiosity and a sense of value following its steep fall in price in late 2012 / early 2013.
Having returned close to its historic highs i decided to sell & lock in a healthy profit, making it one of my more successful investments.
If only i'd bought more.....
Tuesday, 30 September 2014
September 2014 Review
September saw my net worth increase by 0.3%, with falls in investments and pension funds, along with larger than average expenses, offsetting most of the month's income.
The value of my investment portfolio fell by around 1.5% as equity markets fell, with a particularly sharp drop in HK following the recent political protests. My small amount of Apple shares were disposed of during the month, realising a large capital gain.
My pension fund unit values fell by around 1.5% in line with falling equities markets.
Property rental income was paid in full & on time with a small annual expense paid.
Cash balances were higher, with savings from income and a small investment disposal. Expenses were higher partly due to some IT upgrades.
Year to date net worth growth: 21.5%
Year to date savings rate: 66%
The value of my investment portfolio fell by around 1.5% as equity markets fell, with a particularly sharp drop in HK following the recent political protests. My small amount of Apple shares were disposed of during the month, realising a large capital gain.
My pension fund unit values fell by around 1.5% in line with falling equities markets.
Property rental income was paid in full & on time with a small annual expense paid.
Cash balances were higher, with savings from income and a small investment disposal. Expenses were higher partly due to some IT upgrades.
Year to date net worth growth: 21.5%
Year to date savings rate: 66%
Saturday, 30 August 2014
August 2014 Review
August saw my net worth increase by 1%, with gains in investments, pension funds and cash balances.
The value of my investment portfolio increased by close to 2% as equity markets continued their recent rally. I purchased small amounts of the HK Gov iBond along with standing monthly purchases of HK & China index trackers. These monthly purchases have subsequently been cancelled given the recent strength in these markets. A handful of dividends were also received.
My pension fund unit values increased by around 1% on the back of strong equities performance.
Property rental income was paid in full & on time and a renewal of the lease has now been signed. I expect a few renewal costs in the next month.
Cash balances were higher, with savings from income exceeding expenses & investments. Expenses were better than recent months although still tracking above plan.
Year to date net worth growth: 21%
Year to date savings rate: 67%
The value of my investment portfolio increased by close to 2% as equity markets continued their recent rally. I purchased small amounts of the HK Gov iBond along with standing monthly purchases of HK & China index trackers. These monthly purchases have subsequently been cancelled given the recent strength in these markets. A handful of dividends were also received.
My pension fund unit values increased by around 1% on the back of strong equities performance.
Property rental income was paid in full & on time and a renewal of the lease has now been signed. I expect a few renewal costs in the next month.
Cash balances were higher, with savings from income exceeding expenses & investments. Expenses were better than recent months although still tracking above plan.
Year to date net worth growth: 21%
Year to date savings rate: 67%
Wednesday, 27 August 2014
Taking a pause...
For the past 18 months or so i've been adding a regular monthly purchase of HK and China Index tracker ETFs to my investment portfolio.
Given the recent rallies in both markets and my growing exposure to them, i've decided to take a pause after this month's purchases & cancel the standing monthly orders. It is tempting to sell what i have and lock in some healthy gains, but the reality is there is nothing better to do with the cash at the moment.
Instead i'll hold what i have and see where the market goes. If there is a material pull back i may restart the purchases, if the rally continues i'll reassess whether it makes sense to lock in the gains and look for alternatives.
In general my cash balances are still probably too high, but it doesn't feel like the right time to be buying into equities at the moment. I am still considering potential property purchases as an alternative.
Given the recent rallies in both markets and my growing exposure to them, i've decided to take a pause after this month's purchases & cancel the standing monthly orders. It is tempting to sell what i have and lock in some healthy gains, but the reality is there is nothing better to do with the cash at the moment.
Instead i'll hold what i have and see where the market goes. If there is a material pull back i may restart the purchases, if the rally continues i'll reassess whether it makes sense to lock in the gains and look for alternatives.
In general my cash balances are still probably too high, but it doesn't feel like the right time to be buying into equities at the moment. I am still considering potential property purchases as an alternative.
HK iBond Purchased
Earlier this month i purchased 2 units of the new annual HK iBond, which was the maximum subscription amount given its popularity.
Whilst the amounts are small, this represents probably the best 'cash' return available for HKD, in line with the local rate of inflation.
It is frustrating that it is not possible to buy more, but given the relative health of the HK public sector finances, I can understand why there is no great desire to raise significant amounts of this relatively expensive debt.
Whilst the amounts are small, this represents probably the best 'cash' return available for HKD, in line with the local rate of inflation.
It is frustrating that it is not possible to buy more, but given the relative health of the HK public sector finances, I can understand why there is no great desire to raise significant amounts of this relatively expensive debt.
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