Portfolio Update – October 2019

Been busy the past couple of days. Catching up on some reading. Here the current standing of my portfolio as of today.

PH Stock Portfolio

SymbolCompany NameAve PriceMkt PriceP / L %
SCCSemirara Mining29.3023.05-21.36%
CLICebu Landmasters4.76884.65-2.49%
FBSan Miguel Food & Bev62.220891.9547.78%
ACEPHAC Energy 1.472.7284.49%

My Portfolio currently up 3.00% vs the PSEI 8.56%. I am now behind the index as most value investors in this state of the market. I did expect to under perform this year, so I am not surprised.

PHEN is now called ACEPH. Stock symbol has been changed as per AC Energy acquisition.

US Stock Portfolio

SymbolCompany NameAve PriceMkt PriceP / L %
FOXA21 Century Fox37.0132.74-11.54%

I use this to invest in the US stock market.

My US portfolio, even with a -44% on REZI is still up +18% against the S&P index 22.65%. I remember some guy who was surprised that I have -50% in my portfolio yet I am still up overall. The thing is to put more money on investments that you are sure and has little risk. And less money to the unsure and riskier investments. I wouldn’t mind if REZI went bankrupt (I highly doubt). Its just a bet that’s worth taking. Sometimes it pays off and sometimes it doesn’t.

Real Estate Portfolio

Type of PropertyBoughtPrice PaidMortgageCashflow
1. 2Br/1TB HouseNov 2018P250,000P2,000 /mo
2. 3Br/1TB HouseJan 2019P290,000P3,500 / mo
Total   P5,500 / mo

No change in my real estate portfolio. Its just that property values has gone up recently.

My Thoughts

The index both in the PH and US are hard to beat in this environment. The central banks have been lowering rates, pumping money into the system that floats the stock indices of these countries. More money, more investment, people are more enthusiastic to take risks (buy expensive stocks for example).

In the Philippines, banks’ reserved rates has been cut down (again). Fueling exploded earnings of banks this quarter report. More money into the system, less options to buy, you have expensive blue chip stocks.

But since most of the players in the Philippines are funds and institutions that can really move markets, only those that are popular with the institutions are currently overpriced. There might be opportunities in places where institutions dare not invest.

How about you? How are your portfolios holding up?

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