Alright so let’s do this. Quite a few changes made this month.
| Name | Bought price | Current Price | Market Value | Gain/Loss (SGD) |
| Temasek 3.625% | 102.2 | 118.913 | USD $297,000 | 59,331 |
| Commerzbank 7% perpetual | 106.85 | 100.044 | USD $200,000 | -19,329 |
| HSBC 5% perpetual | 104.4 | 100.1 | SGD $250,500 | -10,750 |
| Pimco Income Fund 4% | 10.08 | 9.89 | SGD $216,000 | – 4,147 |
| Lifelong Income Whole life plan | – | – | SGD $220,000 | – |
| Sum | – | – | SGD $1.38m | $25,000 |
Leveraged Portfolio
I have sold my Credit Suisse bond at 99.5. Together with the coupons I received so far, made a loss of about $4,500 for holding 8 months. I think this is acceptable given how bad prices were, and the gloomy outlook for banks. While I don’t think the banks will collapse, it makes sense for me to lower my risks. I’ve redeployed the cash into a lifelong income plan, as detailed here.
Prices of all my bonds improved, and the leveraged portfolio is now positive, with a $25,000 gain. It doesn’t count the coupons, which should be about $40,000 or 10% of my initial capital. I’m projected to have total returns of around $60,000 from this portfolio.
