It’s that time of the month again when I take a quick look back over the previous month. I look at how money I have invested is doing and how productive I have been with my personal goals.
I used to spend more time looking at how to invest money for the best return and for my future retirement. These days I am looking for more of a set and forgot strategy so that I can focus more on my business.
It took me a little time to realise that the biggest returns will be those invested in myself and growing my business. So, with this in mind my focus will go more towards personal and business goals going forward.
The weather in Malaysia has been truly shocking with an awful haze that’s caused the air pollution to rise to unhealthy and sometimes dangerous levels. This mean’t it’s been an uncomfortable few weeks of staying indoors and even trying to escape!
So, let’s kick off with how my investments have been doing in September 2019.
Investment Portfolio Update
Some big movements last month in some of the investments I hold, most notably in the price of Bitcoin. Some of the shares have seen small downwards movements, but not overly concerned with these.
The biggest issue with most my investments is they don’t generate an income. The only investments that I hold that do generate an income are the REIT and bank shares dividends, and the Malaysian fixed deposits.
Unfortunately, these investments don’t provide enough of an income for our family to live off, this means we are still dipping into our savings each month. This is something I want to change by looking at investments that can provide a stable return.
The ups and downs saw my net worth drop around 1% from last month.
SaxoSelect Trading Account
Fairly happy with the selection of shares I currently hold in my SaxoSelect account. I have stuck with Singaporean companies as I really am not confident with UK and USA based shares at the moment.
I got some more REITs in the form of Parkway Life REIT (I am really seeing the benefits of REITS over physical property).
I am holding REITs and banking shares at the moment purely for dividends.
A quick run through of what I hold.
- Ascott Residence Trust
These are still going strong and currently up 11% since I first purchased the shares.
- DBS Group Holdings Ltd
These have shown minor fluctuations but are around the same price as when I first acquired them. I did purchase some more shares as the dividend looks pretty solid.
- United Overseas Bank Ltd
These have dropped slightly by 2% but I don’t own too many.
- Oversea-Chinese Banking Corp Ltd
Another Singaporean banking share (I am a fan eh?). Not massive movement share price wise in the period I have held the shares. Again, I am holding purely for the dividends.
- Parkway Life REIT
I first saw this Singaporean REIT when looking at other relatively safe dividend stocks to buy. Only recently purchased and so not seen any movement with these.
Cryptocurrencies, on their knees?
Sideways, down and then up a little. That’s about it, this is the exciting world of cryptocurrency at the moment. Looking just at the price up until the 3rd week of September there nothing really too exciting to report. But then the price dropped significantly by over 15%, seeing Bitcoin at under $8k.
Of course this was reported in the mainstream media as Bitcoin mayhem, lol.
I said to myself that I would purchase more bitcoin if the price went under $8k so I purchased some more.
IF I sold all my cryptocurrency today, I would be in 10% or so profit.
Art of FX – Steady Growth
Nice and stead as I have gotten used to expecting with these guys. Last month was slower growth than the great 2-% gains seen in the last few months, so around 1% this month.
Since starting my account with Art of FX I have seen 25% gain in 17 months.
You can see my interview with Art of FX Teng Su here.
Gold – Steady
As such, I am still seeing 20% gains in my gold bullion investment.
If you have read my monthly updates before you will know that I like Bullion Star for my gold vault storage. Based in Singapore this company has a bricks and mortar store where you can walk in and purchase gold and silver. You can also purchase bullion for delivery or for storage in their vault.
Goal Progress for September 2019
This month has been interesting in that for the first time this year my motivation wavered a little. Not much, but enough to trigger a little self-doubt and frustration. Thank fully it only lasted a day and then back to feeling motivated and engaged in what I am trying to do.
I have been continuing my fat belly challenge to get healthier and get rid of my belly fat. I kicked off the 1st July and just completed 90-days.
This has been easier than I thought but I have not managed to reach my goal – there will be a fat belly challenge update post later this week that goes into this in more detail.
I have to admit I am struggling with getting some habits in place for goals I want to reach. Learning Chinese is not happening at all and I am considering getting a Chinese teacher as doing this myself seems tough.
Reading Atomic Habits by James Clear has been interesting in that he says you fall to your systems – and because I don’t have a system in place for many habits, they simply don’t happened at all!
Next month I will be looking at my routine and seeing if I can build a system that’s easy to follow with little friction. This will give me the best chance of success!
September 2019 Summary
I had an enjoyable trip to Singapore earlier in the month and met with friends there (Gabriel, Else, Samuel, Matt Diggity and Nui). It was a bit of a networking trip as I got to discuss ideas with fellow digital marketing guys based there.
It’s rare these days that I get to enjoy fine dining, so it was a real pleasure to visit Yoshi in Singapore. You get to enjoy the finest Japanese OMAKASE, which was absolutely superb and real dining experience.
There has been awful air quality in Malaysia this month – at one stage was one of the most polluted places on the planet! So much so that we made a rapid escape to Hat Yai in Thailand. Unfortunately the haze followed up after 24-hours and so ending up spending most of the time there in the hotel or shopping mall.
Even still, it was our first time driving in Thailand from Malaysia and was quite an exciting adventure!
My good friend Toby from Zen Mind Coach, whom I met many years ago in Chiang Mai, Thailand, visited us a few days. We typically catch up 1-2 times each year and was great to see how he is doing and explore Penang as tourists again.
There is an investment opportunity in the UK that we are exploring together. It has real potential with a great upside, but our main concern is this would be a joint venture with one of my best friends. I have outlined recently why getting into business with friends can be a bad idea!
We’re currently doing due diligence on this project to see how this could work with us. More on this in a future post as and when we get more traction.
Even with the motivational wobble it’s been a good month. I can’t believe this year is 3/4 through and we’re about to head into the last quarter of 2019!
Where is the time going?
So, until next time, have an awesome month and see you soon.