Streamline

Since beginning of this year, I told myself, I need to streamline my portfolio. It's just too many for me to manage. I suppose to cut to it to about 6 or 7, but I failed. Since it's midyear, I'll share my thoughts on my portfolio.

CitySpring
I want to get rid of this long ago because it raised rights to get more money and I believe the dividend will not increase anytime soon, but my partner, my wife to be exact, does not want to incur any loss. I need to sell it at 0.62.

Lippo Maple
I always like shopping mall trust so I chose this one because of high yield and low gearing. But its profit margin is rather disappointing, unlike its cousin, First REIT, which is much more steady. I use CPF to buy high risk stocks and I deem Lippo as high risk because Indonesia is more prone to terrorist attack and its democracy status is fairly new. Early this year, I convince my wife to use cash to buy some lots, but with it's latest result, I'll divest this if I get the chance.

Fraser Comm
This is the gravest mistake I ever made. I was so impress with its NAV and overlook it's debt. After its right issue and so call CPPU which I really don't understand and didn't see the point of subscribing it, it's now more stable and in F&N's hand. I think anything below 0.14 should be safe, but its gearing still high.

FSL Trust
Since I am planning of collecting rent as passive income, I really don't want my portfolio being expose to too much REITS. FSL was my main way out, but it did not work out. Now people deem it as high risk stock with flawed business model. I am keeping this because I just don't think is that bad.

MIIF
MIIF now has a lot of cash on hand and reduce its debt to reasonable level. Hopefully, it will not disappoint.

Plife
Somehow the stock went up to 1.5 and charts was showing peak level. I told my wife to sell it at 1.49 and buy back at lower price before ex-div, but my wife was too busy with her work and miss the chance. Now I don't see the point of sell it.

SingPost
It's steady as a rock, but dividend just not moving up. Because I need to streamline my portfolio, I wish to divest this. I told my wife to sell at 1.16, but again she miss it.

StarHub
I was not expecting good results and most broker firms are not calling buys so I want to divest it at 2.35, but results was better than expected. Keeping it for now.

SP Ausnet
This is a mistake. I told myself this one is backed by Tamasek Holding, how bad can it be, but I didn't realize that it was being sued because of bushfire and was unable to raise tariff in Australia. Next time, if I am buying something new, I'll read through all its announcement for the past year. Also, I should stick to my original plan, streamline the portfolio. I divest Cambridge at 0.505 and use it to buy SP Ausnet.

Saizen
To me, this is a gamble. Management has not prove itself. A better gamble than Informatics? Ha.

As you can see, I made a lot of mistakes. Try not be lazy like me. Do your homeworks!