PPM-3Y (SEP24)
Posted (19-SEP-24)
ING Offset Rec (SEP24)(Prelim)
Edited (20-SEP-24)
Squarespace doesn’t move up the most recent updated post to the top for whatever reason. Guessing it’s a website and not an actual blog. Regardless, editing some notes reflecting yesterday’s end of day trades.
SOLD BHP Qty 150 and RIO Qty 50. Total BHP 6K. Total RIO 5.7K
That means we now have another 11.7K in free cash flow. Pending 1.8K Dividends receivable within next 2 weeks based on the distribution payout dates. Net Cash Flow will be 11.7K+1.8K=13.5K.
Since this will be end-SEP-thru-beg-OCT event, we’ll do an interim SEP month end report and reflect the net cash flow for OCT. PPM will remain at 325K for SEP24. We’ll transfer another 10K from EFI-to-PPM next week once the funds clear, making PPM total to 335K, and 3.5K for KFI-BInvT, making the balance to 50K.
Our Initial Target PPM is 325K by SEP24 (Achieved). We’ve then set an updated target of 350K by JUN25. As RIO/BHP have been trending up in SEP24, we’ll need to revise our Target PPM by DEC24 and reassess RIO/BHP market trends before their next dividend distributions.
As for the Banks, only ANZ seems to be within our 10% TPP range. NAB and CBA are trading outside the 15% range, and WBC is trading outside the 25% range. Our initial target for Banks is 50K. Since Banks are trading outside of our range, we’ll leave the 50K remain in our PPM as MI% is 6.79%. Interest cost savings will be 3.4K.
ETFs TG%-to-TPP are as follows:
Fund IOZ / VAS / SYI / AFI / ROBO / IAF / GEAR / QAU / CRYP
TG% -9.7% / -9.7% / -7.7% / -8.6% / -7.6% / -6.7% / -14.5% / -9.9% / -9.9%
Total Allocated is 45K. Most are within our 10% TPP range, so we’ll reassess by DEC24 and will leave the funds in PPM. MI 6.79%, with interest cost savings of about 3K.
