The Outcome of my First Purchase

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.