• Timothy

Goals Review: August 2020



Hey guys. Gosh. It's been such a long time since I last posted something. COVID-19 has been such a whirlwind of changes, to say the least.


I hope you guys are still doing fine. In the midst of all the uncertainties in the economy, and the back-and-forth ping ponging of how different countries are faring in their COVID-19 management, I wish all of you the best of health and wealth!


It's been almost half a year since I've started working from home, and today marked the first day that I went back to the office since the start of Circuit Breaker. Some remote machines at work went offline overnight and I went in during lunchtime to check on them. I decided to stay on for the rest of the working hours. I have to say that I do miss the office as working at home can be a bit too tricky with too many distractions and a not-so-ideal workspace! The grass is always greener on the other side, so they say.


Financial Goals


My overall portfolio hovers around a 8% paper loss right now, but I'm not too concerned as I think it has somewhat stabilized and is very slowly picking up as the market (and situation) improves. More importantly, the companies I'm vested in seem to be doing well still, and are navigating the crises pretty resiliently. Not too much cause for concern there.


All in all, I think I've injected about $20,000 into the portfolio in total since April. Total portfolio value now stands just shy of about $80,000. Looking back, I wish I had done more as prices have shot up since then. But rather that looking at all the 'could haves', I'll try my best to be more intentional next time. At the start of the year, I was hoping that I could get it past $100,000, and I mean, I could just close my eyes and just pick a stock to inject $20,000 into tomorrow if i wanted to, but that would just take the joy out of that significant personal milestone. Hopefully I'll be able to find some great picks in the next few months.


I'm currently considering to go long on the following counters as although it may seem that they are pretty battered right now, I do feel that they are resilient and quite well-positioned to ride the rally when a vaccine is found, or countries find their groove in light of the new normal:

- Centurion Corp Limited

- ComfortDelGro


I'll do up an analysis for these companies soon, when I find the time. What do you guys think about them?


You can check out the current portfolio allocation here: https://www.financialadulting.sg/portfolio-1


Non-Financial Goals


A piece of great news that came out from Circuit Breaker is that I've lost a total of 6kg! I think it's because I've not been eating out that much, and at the same time I've not been exercising as well (was doing weights in the gym pre-COVID). Last I checked, the blood pressure has also fallen to about mid 120s / 80s. Which is great and I hope to sustain it.


The other thing that I've been doing a lot is to declutter my belongings. I've way too many items and started to list them out on Carousell. Some of the things I've sold are 1 of my luxury watches (yes, on Carousell), and some really old stuff which I've not used or touched for a while. In August, I should have sold off a total of about $10,000 on Carousell.


I've always wanted to trade up my foldie bike as well. Even though my Tern D8 was giving me good rides, however, I've always been afraid of the frame cracking into half. I took the opportunity to buy a Brompton bicycle for about $2,000, and even though it's only a 3-gear bicycle, I must say the ride and feel is a lot better than the Tern.


I haven't been reading books :( .


I would love to hear from you! Share with me your thoughts on this post by leaving a comment below, or by leaving a message here:

https://www.financialadulting.sg/contact-me


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