Dividend by month
1) singtel
2) fcot sgx capitacom starhillg fct sphreit cmt
3) spost taisin lippo
5) fcot steng sgx uob sph starhillg fct sphreit cmt cdg hcg lippo Singre lmg
6) tcil ocbc lkh lmg
7) singpost
8) fcot singtel plife ocbc capitacom starhillg sci steng fct singpost sphreit cmt lippo singre
9) uob tcil cdg lmg
10) sgx
11) fcot taisin sgx spost starhillg fct cmt lippo
12) sph sats ksh lmg
Remarks:
roxy sold on periodic review. gain was about 20% in one year. this counter is undervalued and its growing steadily. however on close review, it doesn't fit into my investment objectives as well as it did previously.
lian beng sold. double bag in 2-3years. again, this is not a bad stock, otherwise it wouldn't have gain so much. however, on close review, the yield at 63c is around 3%+ and divestment could lock in the gains and put these funds to better use.
my comments:
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.
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?
1) singtel
2) fcot sgx capitacom starhillg fct sphreit cmt
3) spost taisin lippo
5) fcot steng sgx uob sph starhillg fct sphreit cmt cdg hcg lippo Singre lmg
6) tcil ocbc lkh lmg
7) singpost
8) fcot singtel plife ocbc capitacom starhillg sci steng fct singpost sphreit cmt lippo singre
9) uob tcil cdg lmg
10) sgx
11) fcot taisin sgx spost starhillg fct cmt lippo
12) sph sats ksh lmg
Remarks:
roxy sold on periodic review. gain was about 20% in one year. this counter is undervalued and its growing steadily. however on close review, it doesn't fit into my investment objectives as well as it did previously.
lian beng sold. double bag in 2-3years. again, this is not a bad stock, otherwise it wouldn't have gain so much. however, on close review, the yield at 63c is around 3%+ and divestment could lock in the gains and put these funds to better use.
my comments:
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.
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?
Dear Paul,
ReplyDeleteDo you keep a constant tab on the happenings of your companies such as daily announcements, dividend payment dates, industry news etc.,? I understand SGX website provides most information, but do you also check for news elsewhere especially on a macro level? Appreciate what kind of time you allocate to read about business news and from which sources you read in a typical day.
hi anonymous,
ReplyDeleteyes i check sgx website on a periodic basis, whenever i have the time. my portfolio is constructed mainly to provide me with a sustainable dividend income to be reinvested and this is based on an understanding on previous payout history. usually, these things take a while to change, either increase or decrease. so usually, its not really necessary to be on the ball for news.
once the initial homework is done, usually minimal time is required.
but yes, i read the straits times and business section everyday. i don't subscribe to business times.
occasionally i check investment blogs nextinsight thefinancesg valuebuddies etc when i got the time
Hi Paul
ReplyDelete"....however on close review, it doesn't fit into my investment objectives as well as it did previously."
Can you share how Lian Beng and Roxy no longer fit into your objectives any more?....since you mentioned they are still good counters
thanks.
as u can see, the price for both counters have gone up quite a far deal from the point which i was vested.
ReplyDeletemy primary investment aim is cash flow.
so long as there are other counters which can produce more dividends hence cash flow for the same amount, i will strongly consider divesting. if not, i might decide to either hold or sell to keep as cash
current LB yield is around 3.5% and roxy 2%+. as i found some attractive targets, i decide to divest them to lock in the gains as well as to enjoy yields of around 5-6%.
i have no knowledge whether both counters will rise further or might drop but the price on review seems good enough and there are suitable targets to divest hence the action.
you are welcomed!
Deleteanother counter which i have is low keng huat, around net 1.5 bagger so far
ReplyDeletebut no plans to sell, as yield is still very respectable and its undervalued.
Hi Paul,
ReplyDeleteWhat counters are you looking at, if you don't mind. I recently bought more Singtel and cdg. Sold my capita commercial trust.
Thanks and cheers
recently i am looking at silverlake axis.
ReplyDeletesingtel and cdg imo can keep for long time.
cct, understand that some investors are put off by the rights issue. i am keeping it most likely.
cheers!
Thanks Paul for the reply and sharing.
ReplyDeleteno prob.
ReplyDeletecheers!
Paul, are you taking any action for your SIA eng stake?
ReplyDeletehi,
ReplyDeletei might add more since there appears to be weakness. if so, i would add periodically to effect dollar cost averaging.
You seem to be doing really well. I intend to follow your strategy as it quite like it. May I know what is your annual returns? In Singapore, other than REITS not many stock pay 5-6% dividends, right?
ReplyDeletethanks for your kind words.
Deletebased on my current dividends divided by my portfolio value, its 5% plus. however, with dividends reinvested and periodic rebalancing, i am manage to grow my entire portfolio in excess of 10% pa on average, with no new money added from my own pocket into it.
well...there are others which pays high dividends and they will become a gem once market discovers them.
Deletea recent example is low keng huat, which i found at 54c, i cannot think fundamentally why it should be at that price after days to weeks of scratching my head.
Hi Paul, what do you think of the REIT ETF? Just some of my own thoughts, pros, diversified, no worries on rights issue and index will take care of itself, i.e. non performaing ones will be just be replaced. Cons, fees and taxes on dividends. As there are already a number of reits in your portfolio, they may not be relavent to you, but just want to understand your thoughts. Also, would you prefer one that is locally focused or more geographically spread out. Thanks.
ReplyDeletehi monet,
Deleteyes, u mentioned most of the points. as i prefer a DIY approach currently, i assemble my own reits based on my understanding of them.
the other point that is very different is that i am able to compound my reits dividends much faster that the etf.
why is this so? normally, when a counter XD, i can choose to buy another stock to let it work for me, ie i need not wait till its pay date to do so. i find this useful to increase the rate of compounding. we cannot do that in the etf and we don't know exactly what the manager will do. what we do know is that he will makan some of our money.
i would prefer a more diversified one(just my own point of view)
thanks
cheers!
Hi Paul,
DeleteThanks for your response. With regards to SPH, ComfortDelgro and SIA Eng, just wanted to find out which one would you be willing to have a larger exposure in your portfolio. I've been looking at the previous two, and only at SIAE since the recent selldown.
hi Monet,
Deletethanks for your question.
personally, i would still prefer not more than 5% exposure for SPH CD SIAEC individually.
why i have these counters is because they are blue chips with a good dividend paying history.
however, as we all know, even with blue chips, nothing is bao zhen or for sure if u call it.
i cannot control what happens to the companies but i can control my exposure to them.
thus i still will keep it to 5% per counter
having said that, with time, actually i can add more without exceeding this personally set limit as on average my portfolio is growing in excess of 10% pa.
thanks once again.