May 2019’s a tough month, and no, there’s no new “Best. May. Ever” series… (Continuation of these:)
This post was originally posted here. The writer, ThumbTackInvestor is a veteran community member and blogger on InvestingNote, with username known as ThumbTackInvestor and 2400+ followers.
Best. January. Ever.
Best. February. Ever.
Best. Mar……….. You Know The Drill!
TT Portfolio Performance & Review
Like most of everyone else, TTI’s portfolio ROI declined in May, alongside the volatility and market uncertainties from the trade wars.
Total portfolio value in SG markets is SGD 357,660.
Again, not much activity here, took profit on a tiny itsy bit of Geo Energy to redeploy into US markets, otherwise, holdings remain the same. I’m also not really spending much time looking in these waters.
Again, nothing much to talk about here,the bond portfolio is approximately SGD 550,000.The intention is to leave all coupons to compound, with next to zero activity here.
US / Global Markets
ROI has declined from April 2019’s 40.61%, to the current 37.19% YTD.
Net Quantum investment gains YTD (excluding any capital injections/withdrawals) is thus USD 164,707.26
Current top/large winners include Wirecard, Avenue Therapeutics, Tesla shorts, JD.com shorts and a small position in the volatility derivative VXX.
The 2 biggest/most irritating losers are Centurylink (CTL) and Chesapeake Energy (CHK). I remain fairly optimistic about CTL, I just think the management needs to show a single quarter of revenue gain or even, just stabilization, and the share price would pop through the roof. In the meantime, I’m collecting like a 8% yield after the witholding taxes.
CHK on the other hand, is dead in the water. While Lawler has done a fantastic job deleveraging over the past couple of years, this may be too mammoth a task for him. Or he may need several years more. There’s hardly any difference in both scenarios.
Overall, I’m pretty pleased with how things are turning out for my US portfolio. Despite a drop of around 5% due to the trade wars in May, the gap between my ROI and the passive benchmarks is increasing, and the 3 indices I compare against are all at the 9-10% mark, and that puts my ROI this year at 3x that of mere mortals.
Alongside the huge volatility in May, the USD-SGD pairing also showed massive movements.
I’ve always said I’m no forex expert.
I don’t even think there’s such a thing.
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