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Portfolio Updates (Febuary 2021)




 Hi all!

Hope everyone had a good CNY celebration or at least a good
break! I was not well the past few weeks due to severe headache. It happened almost
everyday for an hour or two and overcome by periods of lassitude after that. I went to see GP a few times
and neurologist and they concluded that it was a primary headache with unknown
cause and I just needed to find the trigger. Yet I breathed a sigh of relief
knowing that it’s has nothing to do with my brain or any neurological disorder.

I didn’t manage to find the trigger, but I made positive
changes- drink more water, eat more fruits, rest more, improve my posture and
it miraculously went away. I have been headache free for almost two weeks. Currently
my work and meetings are behind schedule and there is much to catchup but won’t stress
myself too much.

As of writing, stock market in US and HK is experiencing some sort of retracement
and Straits Times Index is still struggling to catchup but I am thankful that
my portfolio value still went up overall. As mentioned in my blogpost on 17th
Jan on the SG counters to sell, I have finally sold them on 27th January via odd lot
market in Standard Chartered. To my surprise, $10.70 was charged for asset transfer
fee per counter. I remembered that fee is chargeable for share transfer out of Stan
Chart, not the other way round.

Other than divesting I made no changes to my dividend portfolio
but looking forward to shares going XD and collecting dividends! As for now I
have no plans to add any counters to dividend portfolio.

(1) Dividend Portfolio

(2) Growth Portfolio

I sold Palantir last month at $29 -2.08% for two reasons. (1) The business
relies on a few key clients which means high customer concentration risks.
According to SeekingAlpha.com, the top 20 customers accounted to $495 million which
forms 67% of total revenue in 2019. Hence, one or two contract cancellations will
cause significant hit in Palantir’s revenue in the short run. While there are
encouraging signs that Palantir managed to secure more clients to diversify
their revenue and actively scaling their commercial business, the value they
bring into client are somewhat uncertain until implemented. We are talking
about a multimillion-dollar deal for a solution which may not work until it’s
tested and tried. I must admit as well that (2) I don’t understand Palantir’s
furtive business potential well enough to determine its future outlook and
hence I choose to sell at a slight loss and stay at the side-lines for now.

I also closed all my position in Facebook at $269.33 +52.98% because I have lost interest in this
company and I didn’t just feel like owning this share anymore. That means that
I am unlikely to keep up with the company’s prospects, get updated on earnings
report even notice when a red flag comes up, so I decided its better off
selling and locking in the gains.

As for MasterCard at $342.44 +31.09% and Starbucks at $105.00 +25.28% I still see value and their ability to grow, but I sold them as my positions in these two shares are too
small such that the shares movement hardly will move a needle for my portfolio.
I will be using the proceeds to pursue stocks with better growth opportunities,
probably in the field of genome testing. I am closely watching three companies:
Invitae, CRISPR Therapeutics and also Fulgent Genetics. I particularly like
Fulgent Genetics because of its agile business that it’s able to tap its expertise
in genetic testing into Covid 19 testing. As a result, its revenue surged 880%
year on year and outperform its genetic testing peers. That being said, I felt
that the stock price went ahead of its fundamentals last month due to short
squeeze caused by the GameStop saga. It had very high shorting interest and
probably short sellers went in to cover its position. I am waiting for the stock
price to drop further before adding.

My new positions this month are Vuzix which I entered at
$15 and Netflix at $558.

On top of those, I have added more Tesla shares at $838 and $894,
Disney at $162,and Fiverr at $300.

New shares that I am closely watching: AirBnb, Fulgent
Genetics, CRISPR Therapeutics, Invitae
, and Intuitive Surgical.

Currently, the Dollar Costs Averaging for Tencent Holdings has paid of well. Rain or shine, it’s HK6,000/month into the tech giant. 

I also added a small position on Bitcoin to hedge against inflation but shall leave this for the next post.

Stock Portfolio= $492,398

Cash at Hand= $46,700

Total Portfolio Value= $539,087

Goals for 2022- 92.3% achieved

Goals for 2030- 13.79% achieved

Portfolio 1 Net Worth (Dividend+Growth) = $492,398

Portfolio 2 Net Worth  = $186,194

Cash at Hand=$46,700 

Net Worth (Cash+ Equity)= $725,292

Wrapping up

Be Prepared for a Stock Market Correction

Although I have made much progress compared to last month, I
think there’s nothing to cheer about yet because a market downtrend can wipe
out months of  my portfolio returns in a
few days. The US stock market is trading at a valuation as if Covid-19 is
behind us. It seems like a market correction is imminent and overdue. As to when,
my best guess is second half of the year, but you know that your guess is as good as mine.

The greatest lesson I learnt this year -Health is Wealth!

The headache episodes have truly given me a sober reminder
that health is wealth. The headache just came randomly, and its pain intensity was as bad or worse than migraine and there’s nothing I could do than to just sit in
one corner or inside my car and close my eyes. I began to reflect that we often
strive for financial success often to the detriment of our health, and truly understand
the value of health when we have had it and lost it again. During the time, my
portfolio had a good run with HK counters and US stocks breaking all time high , but I am not in a mood to even think about it than
just praying my headache to disappear. When it disappeared, I worried and feared
for the next headache episode.

However, if you are young and healthy and you are reading
this post, count yourself lucky or perhaps you are older, not to worry s you
still have time to look after yourself. Getting to bed early, regularly exercise
and mentally taking time out to relax and recharge are very important.

I set four core values this year- (1) wealth, (2) career and (3) health
and (4)spirituality; and health will be one of my top priority from now on. We strive
to get rich so to achieve the ideal lifestyle or financial freedom. But what’s
the point when we are financial free, or achieved the Finance Independance, Retire Early (F.I.R.E) movement in our 30s,
yet suffering in pain and don’t have the good health to enjoy it. Some people I
know have shared with me that in their younger days, they trade
their health to gain more wealth and then spend their wealth in later years to regain their
health. That’s why now I better understood Warren Buffett’s wisdom that the by far best
investment your can make is in yourself and I am sure he also meant not just
education but health as well. Stop neglecting your health and change for the
better because you deserve it!

So stay healthy and invest safely and talk to you in the next post!

Thank you so much for
spending time to read my blog and I really appreciate you. If you enjoyed
reading my blog, hope you can support me by liking my Facebook page 
here or share my post. Currently, I do not earn any fees through any
affiliate programme or sponsor. If you have any queries, feel free to post them
and I am happy to take questions! 🙂


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About Kelvin

Join me on the journey to FIRE by 40! I share insights on investing, smart money habits, and achieving financial independence. Let's reach our goals together!

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