Dividend and portfolio update Jan 2019

Dividend by month

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



Remarks:

Added more cdg sia and three banks.

As expected (see previous post), taisin continued to slide.. Market is taking a while to correct downwards and reflecting the similar bearish view of eventual eps drop and dividend cut. the last straw would be seeing the real result. of course, i could be totally wrong on this, as market is proven time and again to spring surprises to investors, big and small. if taisin were a billion dollar blue chip, i might just hold on. but its not, and safety first.

Fortune reit released a very good set of results yesterday. both nav and dividend rise as expected. and as expected, this counter continued to rise upwards against the broader market weakness.

tan chong went down with the profit guidance result. this counter is for long, so its not unexpected that those with short horizon and weaker holders to bail out. as time goes, this gets even more undervalued.

I would be eagerly waiting for the blue chips counters to report their results in the coming weeks.




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.

This is all season, all market condition investment strategy, and works for all investors of all ages as well.

Its time in the market which matters ... read this and work out the sums

Let me share a educational story as a new year inspirational story

Meet Uncle High, Sg worst investor who only buys at the highest point in the market. 

He has good intentions to invest his money but each time he does it, he does it right at the time when the masses has nearly completed their frenzy buying. 

Born 1965

Studied hard and Graduated with a University degree and started work in 1988, just after Black Monday crisis

Landed job earning 2kpm

Saved 0.5kpm from 1988 to 1996 and

Bought into STI high 2450 February 1996

STI crashed 2yrs later 1998 STI 896. Wipe out 64%! Yes, 64%. Meaning every $1000 became $360 or pretty much so.

From 1996 to October 2007 STI 3800, managed to save 1kpm due to wage increase. 

Bought in at STI 3800

Then STI crashed March 2009 1500. Wipe out 61% of value! Meaning every $1000 became $390 or pretty much so.

He only buys blue chips in SG of the largest cap and reinvest his dividends as they come. Average STI returns over past 30yrs is around 8-10%. We take 8% since Paul High is such a lousy investor

Being twice unluckily at having bought at the highest STI just before the massive crashes occur, Paul High decides to stay off investing as he thinks he has enough of it.


U think Uncle High at 54 years of age, is a loser as of 2019? What do you think is his current net worth?

Dividend and Portfolio Update Dec 2018

Dividend by month

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



Remarks:

Market continued to show weakness. I was able to add some very good blue chips at good prices.
Added all 3 banks, SATS and SIA. Nothing sold.

Strategy unchanged and served me well during this downturn. Should STI fall below 3k, will continue to add very good blue chip counters.

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.

dividend and portolio update Nov 2018

Dividend by month

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



Remarks:

Taisin

recent quarter earning 0.31c. been watching this counter more closely after the boss decided to cut the final dividend slightly 1.6 to 1.5c. sure, its not a big amount. but any decision to cut dividends must not be taken lightly. especially when we talking about a 100-200m cap counter, with little hard physical asset backing, the only main reason for the share price is the earnings and dividend yield. without these, there actually no reason why it should trade near 40c. with this kind of earnings, it is possible that the full year earnings could be in the region of 1-2c, unless the next few quarters produce some spectacular results, which i remain skeptical of. if this hypothesis is right, we could see the dividends being cut by half. high nav for this sort of counter is not useful and doesnt really support the price much. imo it should fall below 30c unless some spectacular quarters appear subsequently.

First Reit and Lippo

pondered upon these two counters thoroughly. both are related to the same owners. thus problems with the owner would affect these. It seem that there could be some cash flow and credit issues. And i am increasingly cognizant of the effects of the depreciating ruppiah on these counters. First reit, it won't be possible for it to maintain an increasing dps. Even though we talk about healthcare as being very resilent even in market crashes. But credit risk and depreciating currencies make will be increasingly harder and moving on, will reach a point where its just impossible to maintain dps. Lippo is not dissimilar. we can see drastic cuts in the dividends in the preceding quarters already. i have underestimated the forex risks and should have bailed out in the 30c plus levels. Though these two counters collectively constitutes only 6% of my portfolio, i doubt the ruppiah depreciation won't continue, and once the integrity of the credit of owners are in question, and one of the days the banks happen to be weak, switching the funds to the bank stocks isn't too difficult a decision.



Sold off majority of taisin, all of first reit and all of lippo. these 3 counters collectively constitutes about 8% of my portfolio.

With the proceeds, i have added all three banks and Keppel corp.

Added more sia and sats using my dividends.

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 and dividend list October 2018

Dividend by month

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



Remarks:

Added more dbs sgx sph sia during the current downturn with the help of my dividends

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.

went to bank to open FD but RM ask me to buy accumulators

yesterday during lunch, went to a bank (won't mention which), to open a FD. cos there's quite an attractive promotion going on. and these funds are part of my emergency ones. so no harm getting something better for them, anyway most likely they will stay put also.

while waiting in the room and being served with a drink there, the RM came ....
sir, you know there's this product, like bank shares, you buy at this price then potentially....
its basically accumulators!

wah... got this kind of promotion 

how my old friend retired so early in life - true story

recently i met my old school friend, whom i known for the past 3 decades.

i haven't met him for a long time as i have been busy at work and family stuff and somehow lost contact.

we spoke as he needed my advice on something.

when the official business was settled, we started some catching up.

he told me that he retired long ago, maybe in his early thirties, now basically running errands, fetching family around, doing marketing etc. he lives in a nice landed property and drives a nice car.

i did some research. it's true.

his grandfather sowed the seeds, planted the tree long long ago and he's descendents enjoying the shade and fruits. he's receiving dividends upwards of 0.5m per year. in normal circumstances, cannot possibly finish using.