My Portfolio Return: 4.29%
Straits Times Index Fund: -2.44%
S&P 500: +8.38%
Hong Kong Index Fund: 0.23%
Current XIRR: 13.95%
The biggest reason for the improvement to my portfolio returns was... OKP.
OKP had a pretty brilliant and yet dull earnings report for this 2nd half results. The 0.015 per share dividend is nice, but the director remuneration has shot up. This half year alone saw an increase in 6m to its executive directors.
Hopefully this would be the final time we see such a huge payout to the directors. No doubt some activist-minded investor would raise hell in the AGM. I will not be surprised.
This earning release is very surprising; everything positive happened. Be it fair value gains to the investment property, or dramatic increase to its margin, it all came about.
The market probably took note of these abnormalities and did not boost OKP's price significantly-- nothing more than the amount of incoming dividends.
I have never paid attention to the weightage of OKP in my portfolio that closely, but after deducting the bonds component of my mum and my CPF accounts, OKP contributes 43.3%-- an astounding amt.
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My attention is still on the management of my option selling portfolio, and they are doing quite decent. It makes the expected returns without much assignment/capital loss risk. All the profits are being reinvested-- the starting NAV was 50,000 and realized profits would be 3840 at the end of today.
That would annualized to about 30% if trade progresses peacefully. But there is nothing peaceful about the market.
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I would be accompanying my mum for another medical in the afternoon and the usual trepidation is consuming me minute by minute. My dad isn't well too... I really don't know what to do but to leave it to the wishes of a higher being.
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