tag:blogger.com,1999:blog-28021668.post3201200621652294385..comments2023-10-12T21:12:41.408+08:00Comments on Value Investment - Musicwhiz's Journey: May 2011 Portfolio Summary and ReviewMusicwhizhttp://www.blogger.com/profile/10950754156386935254noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-28021668.post-38893977470884056822011-06-08T22:50:28.675+08:002011-06-08T22:50:28.675+08:00Hi Jack Phang,
You have a very interesting blog! ...Hi Jack Phang,<br /><br />You have a very interesting blog! So you invest in both SG and MY equities. I will definitely be visiting your blog more often to read the older entries.<br /><br />Thanks for visiting too!<br /><br />Cheers,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-22271890861749192902011-06-08T17:13:05.658+08:002011-06-08T17:13:05.658+08:00Hi,
I like your post and currently following you...Hi, <br /><br />I like your post and currently following your post. Please visit my blog - www.jackphanginvestment.com when you are free too. <br /><br />Have a nice day!<br /><br />Regards,<br />JackAnonymoushttps://www.blogger.com/profile/00080463248605686805noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-55873905936891726972011-06-04T01:00:21.541+08:002011-06-04T01:00:21.541+08:00Hi SMOL,
I won't call it an accounting entry ...Hi SMOL,<br /><br />I won't call it an accounting entry per se. It's an accurate way of measuring returns if the cash flows are adjusted for time value and realized gains/losses. Of course, I also use a blended yield basis to see if I am getting an overall yield better than inflation; and I also strive towards decent capital gains over the years as the businesses I own improve. That's the objective of investing - own good businesses for the long-term and get paid a decent yield at the same time!<br /><br />Cheers!<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-65357759223395799972011-06-02T13:43:24.177+08:002011-06-02T13:43:24.177+08:00Thanks MW!
So it's an accounting or statistic...Thanks MW!<br /><br />So it's an accounting or statistical treatment thing - not something "real".<br /><br />Blue is a good colour to have in your gain/loss column ;) <br /><br />Rock on!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-34649902559796416852011-06-02T06:39:31.244+08:002011-06-02T06:39:31.244+08:00Hi SMOL,
It is a -ve percentage because my start ...Hi SMOL,<br /><br />It is a -ve percentage because my start point of reference is the market value of portfolio as at Jan 1, 2011. This is adjusted for additions, dividends and withdrawals using XIRR. Hence, even though there were injections, the XIRR formula shows that there was still a loss in portfolio value.<br /><br />Hope this explains!<br /><br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-90274663937901628832011-06-01T14:20:20.942+08:002011-06-01T14:20:20.942+08:00Hello MW,
Your portfolio cost is 210,000
The mark...Hello MW,<br /><br />Your portfolio cost is 210,000<br />The market value end May is 237,500<br /><br />I was scratching my head why it can be minus 1.3 % using XIRR?<br /><br />Shouldn't it be a profit instead also in % terms?<br /><br />Interesting!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-55392455682983958052011-06-01T08:41:17.232+08:002011-06-01T08:41:17.232+08:00Hi Phileas,
You're most welcome. I am very gl...Hi Phileas,<br /><br />You're most welcome. I am very glad the posts have benefitted you, and please do continue to visit.<br /><br />On my part, I usually have a lot of topics and content to blog about - the only problem is time, and the ability to find the inspiration to properly articulate my thoughts. Otherwise, this is an enjoyable process for me, and I also get to learn and mature as an investor over time.<br /><br />Thanks!<br /><br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-7745401031440869342011-06-01T08:39:43.907+08:002011-06-01T08:39:43.907+08:00Hi SMOL,
Erm....well I followed the formula and a...Hi SMOL,<br /><br />Erm....well I followed the formula and advice from some people and blogs on using XIRR, where I indicated the value of my portfolio as at 31 Dec 2011, and it churned out -1.3% haha. This is including all dividends received to date.<br /><br />What do you mean by "in money terms"? Need to clarify on that as I am a little confused. Thanks!<br /><br />Regards,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-61437188165095808792011-05-31T21:29:57.489+08:002011-05-31T21:29:57.489+08:00This comment has been removed by a blog administrator.Chiphttps://www.blogger.com/profile/10339102233804859884noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-10942431276755861102011-05-31T20:57:49.345+08:002011-05-31T20:57:49.345+08:00Hi MW,
I have to say your posts are very informati...Hi MW,<br />I have to say your posts are very informative and contain lot of details on company fundamental analysis.<br /><br />I guess detailed analysis of a company's business is definitely a must do for serious investor. I have learned much from your posts on Kingsmen and Boustead.<br /><br />Really thanks for the sharing of value investing info and analysis methodologies. :)Phileas.Windhttps://www.blogger.com/profile/08762611013427209599noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-38036576569959891662011-05-31T19:39:33.403+08:002011-05-31T19:39:33.403+08:00Hello MW,
I just started using XIRR beginning of ...Hello MW,<br /><br />I just started using XIRR beginning of this year (stolen with pride from CW8888). And math is not exactly my favorite subject...<br /><br />Your portfolio has clearly beaten the STI year to date in money terms. So I am a bit confused why in XIRR percentage terms you are underperforming? <br /><br />Or have I missed something? <br /><br />Cheers!<br />SMOLSingapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com