Somehow, for unknown reasons (to me), the purchase for Keppel DC REIT and SPH REIT did not materialize. So what I am left with is Ascendas REIT, ComfortDelGro and SingTel.
So this is my current portfolio:
No.
|
Counters
|
No. of Shares
|
Market Price (SGD)
|
Total Value Based on Market Price (SGD)
|
Allocation (%)
|
|
| 1 | Ascendas REIT | 100 | 2.520 | 252 | 16.4 |
| 2 | ComfortDelGro | 200 | 2.520 | 504 | 32.8 |
| 3 | SingTel | 200 | 3.910 | 782 | 50.8 |
| Total SGD | | | 1538 | 100% |
It is interesting to note now that through this purchase I have found out the fees charged for buying stocks.
| Contract 1 | Contract 2 | Contract 3 |
Security
|
Ascendas REIT
|
ComfortDelGro
|
SingTel
|
|
| Price | 2.520 | 2.580 | 3.910 |
| Quantity | 100 | 200 | 200 |
| Proceeds | $252.00 | $516.00 | $782.00 |
| Brokerage: | |
| Amount | $25.00 | $25.00 | $25.00 |
| Clearing Fee | $0.08 | $0.16 | $0.25 |
| SGX Trading Fee | $0.02 | $0.04 | $0.06 |
| Total Amount | $277.10 | $541.20 | $807.31 |
| GST @ 7% | $1.76 | $1.76 | $1.77 |
| Net Amount | $278.86 | $542.96 | $809.08 |
| Average Price | $2.79 | $2.71 | $4.05 |
So in essence, even though Ascendas REIT sells for $2.52/share, I paid $2.79/share due to brokerage fees. This is my first lesson here that purchasing shares in small amounts is expensive and the charges add up to a larger percentage of my purchase.
I believe this also means that for me to Break-Even with my purchase, lets say for Ascendas REIT, the share price has to go up to $2.79. And then there is also another set of fees charged on selling shares. So the break-even point could be somewhere around $3.06 if the fees charged are similar.
With all that in mind, I have added in another $3000 into my portfolio and the details will come in the next blog post.
