portfolio update may 2018

Dividend by month

1) singtel
2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom mit suntec
3) spost  taisin lippo nam lee netlink
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre teckwah mit sci suntec
6) tcil ocbc
7) singpost
8) fcot singtel  plife  suntec ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom teckwah siaen mit
9)  uob tcil cdg netlink sci
10) sgx
11) fcot taisin sgx spost  starhillg fct cmt lippo siaen mit suntec
12) sph ksh ock


Remarks:

added more sia eng

bought into bumitama agri, as part of diversification process. it is one of the better performing agri stocks and better dividend paying one. lots of share buy back noted which suggests that the management themselves think their stock is undervalued.



Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Counters get rebalanced periodically as and when the opportunities arise.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.

Portfolio Update April 2017

Dividend by month

1) singtel
2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom mit suntec
3) spost  taisin lippo nam lee netlink
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre teckwah mit sci suntec
6) tcil ocbc
7) singpost
8) fcot singtel  plife  suntec ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom teckwah siaen mit
9)  uob tcil cdg netlink sci
10) sgx
11) fcot taisin sgx spost  starhillg fct cmt lippo siaen mit suntec
12) sph ksh ock


Remarks:

Add mit.

Reentered suntec at around 190, as pb ratio and yield started to become favourable again.

Added nlpm at around 36c. unknown reason for small selldown today. to me, it means value.

starhill remains weak. dpu 1.09.  won't add more for now though pb ratio favourable.

fct suntec still showed yoy rise in dpu



Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Counters get rebalanced periodically as and when the opportunities arise.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.

low keng huat

i used to hold his counter, got in at around 54c, took 1 round of 4c dividend but got out at 68c.
normally, my preferred holding time is mid to long range.

however, when i saw the 2-3quarter earnings of this company, i figured that it was unlikely to sustain an earnings to be able to pay out 4c this year.

true enough, eps whole year dropped and dividend cut to 2c, and the price retreated accordingly. minus this round of dividends, it might go closer to 60c. if its unable to keep up to its previous 4c dividend, the yield would be too low for me.

i know some people mentioned that LKH has enough reserves to pay out 10years of 4c dividends annually if it wished. however, its unlikely to do so. it will unlikely use its reserves to pay out dividend, rather it will pay out a cut from its eps and keep its reserves for property acquisitions.
will still place this counter on my watch list.

Portfolio Update March 2018

Dow dropped 700 points overnight and STI is following a similar fashion. Indicators are mostly red and down by some 2%. Looks like this is a year of wild swings in the market.

Overall, market direction is still up.

I had some time to tabulate my portfolio against sti. From jan 2016 (sti was around 3150) to now (sti now around 3430, STI has gained nearly 9%. Over a similar time, my portfolio has gained nearly 19%. Most of it is via dividend reinvesting and also rebalancing of portfolio occurs every 6 months or so, or unless a particular counter moves upwards so much that a sooner rebalancing is warranted.

I believe my portfolio is rather defensive and resilient in nature. Previous large drops in sti resulted in corresponding drops of smaller magnitude.

As I type this, STI closed down 71 points or 2.06% from yesterday. My portfolio dropped by 0.70%.

Dividend by month

1) singtel
2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom mit
3) spost  taisin lippo nam lee netlink
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre teckwah mit
6) tcil ocbc
7) singpost
8) fcot singtel  plife  ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom teckwah siaen mit
9)  uob tcil cdg netlink
10) sgx
11) fcot taisin sgx spost  starhillg fct cmt lippo siaen mit
12) sph ksh ock


Remarks:

Added more SG and bought teckwah. Reason is because they appear cheap at the current price. Value for money to me. Nothing sold.

16/4/2018: Have added some mit at around 199 price just after initial portfolio update post up. i like the increasing dividend trend and the company diversifying out of singapore.


Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Counters get rebalanced periodically as and when the opportunities arise.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.




DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?

3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

portfolio update february 2018

Dividend by month

1) singtel
2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom
3) spost  taisin lippo nam lee netlink
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre
6) tcil ocbc
7) singpost
8) fcot singtel  plife  ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom
9)  uob tcil cdg netlink
10) sgx
11) fcot taisin sgx spost  starhillg fct cmt lippo
12) sph sats ksh ock


Remarks:

Added more sph comfortdelgro singre & fortune with dividends received




Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Counters get rebalanced periodically as and when the opportunities arise.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.




DON'T FORGET TO ASK YOURSELF THESE QUESTIONS:


1) WILL THIS COMPANY GO BUST IN 10 YEARS?
2) WILL THIS COMPANY STOP DIVIDENDS?

3) WILL THIS COMPANY STOP INCREASING DIVIDENDS OVER TIME?

Value often emerges during big drops

i took the recent sti 100 point plunge to add a counter. I chose fortune as it pays dividend twice a year and there is a discernible rising trend in the payouts. In addtion, it is one of the most deeply discounted reits around. the strategy of having a regular steam of dividends helped as it came handy when i needed the funds.

sure, it might seem scary to buy during such drops. but actually, its even more scary to buy when sti was 3600 level.

Buying index verses dividend portfolio

Recently, i replied to a reader who asked me if i hold so many counters, might as well i go buy index?

At one glance and perhaps to a lot of people, it might make sense.

However, in reality, its not quite the same.

In index, we only get dividend 2x a year. this makes compounding a lot (and i say it again) a lot slower.

The bigger difference and actually dangerous difference is when one takes out a fixed amount say 4% from this portfolio. In bull times, it can be done without much fear as there's a lot to take out anyway and we are only removing 4%. However, in cases of bear, and here were are talking about prolonged bear of perhaps 10year or longer, market drops, and we are still liquidating 4% pa. As we go into the bear years, with inflation doing its job, now we might find ourselves in a fix, in a bigger fix as the bear continues its attack. The dollar cost averaging which we put in in the construction of this STindex portfoilio now faces its evil twin- dollar LOSS averaging. Never say never, but if it happens, those who spend decades buying stidex and just sitting on the sidelines, using its twice a year dividend to add more, now might have even to seek alternative sources of income.

Now this dividend portfolio
compoundation is fast, much faster in effect due to the syngistic effect of the individual counters churning out dividends and feeding the other counters.

in times of bear and bull, during retirement, the dividends coming at various times can simply be used as income. There is hardly any fear of outliving the portfolio as the average dividend yield of the entire portfolio is in excess of 5. In fact, there is still surplus to reinvest if one wishes so.

Be careful when one takes out a fixed sum say 4% from the portfolio. And it depends on what sort of portfolio we are talking about. Index buying and growth stocks, all run the risk of dollar LOSS averaging when we are talking about withdrawal in prolonged bear.

So to say that just buy index, means one havent thought about these things, to say the least. I have seen people, some so called experts dispensing advice to others that index investing should replace what they are doing.  And in reality, its those people who have been through these times, who will really know the difference in these investment modalities.