Author: Dividend Warrior

The ‘Middleman’ Economy Where Agents, Brokers & Dealers Reign Supreme!

Besides being a ‘rental’ economy, Singapore also has a thriving economy for the ‘middleman’. A huge number of people worked in ‘middleman’ jobs. These professionals specialise in connecting buyers and sellers. The more commonly known ones are real estate agent, headhunter, recruiter, insurance agent, mortgage broker, car dealer, modeling agent. In Singapore, there are listed companies like HRnet Group, Propnex and APAC Realty providing such services. HRnet connects job seekers to employers while Propnex and APAC Realty connect property buyers to sellers. If you follow soccer, you would know that a soccer talent agency will usually broker a transfer for...

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Notes from Keppel DC REIT AGM on 16 April – Steady Hands On The Wheel

Future Growth Catalysts:The development of the new Intellicentre 3 East data centre (IC3 East DC) in Sydney, Australia is expected to be DPU-accretive. Upon completion by 2020, Macquarie Telecom will sign a new 20-year triple-net master lease with Keppel DC REIT (KDC) for both Intellicentre 2 and Intellicentre 3 East. The lease includes built-in annual rental escalations with renewal options. This expansion aims to meet the needs of hyper-scale cloud providers, enterprise and government customers. After witnessing the successful execution of the mainCubes DC in Germany, I am confident that IC3 East would be similarly rewarding for unitholders in...

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Dividend Warrior’s 2nd Pot Of Gold Series – BTO Flat Booking Day!

URA released its latest Master Plan 2019 last week, making me more confident that Singapore’s GDP growth will remain steady over the long-term. Generally speaking, there is a high correlation between a nation’s GDP growth & property values, especially in a tiny city-state such as Singapore. That’s why owning a tangible piece of physical asset on this glorious sunny island has often been touted as a ‘sure-win’ long-term investment.  How would increased real-estate construction boost a country’s GDP per capita? In simple terms, a robust real-estate sector helps to lift the finance and insurance service sectors as property loans...

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Dividend Warrior’s Best Quarterly Performance In 10 Years! Another New High!

At the end of March, my portfolio market value hit a new high of S$472,287 with no new transactions done, inching ever closer to that S$500k milestone! I collected a total of $4,320 in dividends and distributions in the first quarter. Power of CD! ^^ Banks and blue-chip S-REITs have been rising steadily through March. Uncertainties from a slowdown in global economic growth, inverted yield curve, potential hard Brexit, and ongoing trade talks between the US and China did not dampen the spirits of the market. I guess the pause in Fed rate hike helped alot in supporting the current ‘rising tide’. In...

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Positions In Double-Figure Paper Profits (%)

In the initial years of this blog, I have shown the average entry prices of my positions as I posted monthly updates of my dividend portfolio. Then I stopped sharing those prices as I don’t think it helps readers to form sound investment decisions. Since then, people have been bugging me to share the prices again. I told them that some of my entry prices are so low they would not believe them anyway. Well, I decided to get this out of the way once and for all. This is a one-time-only reveal. Do not expect this to be...

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Dividend Warrior Feb 2019 Portfolio Quick Update – Minor Tweaks

Did a little re-balancing in February. Took small profits on Raffles Medical, NetLink Trust and Propnex. The funds were re-invested in Frasers Property Ltd. (FPL). This property developer is like a quasi REIT ETF, holding significant stakes in 4 S-REITs (FCT, FLT, FCOT & FHT), thus enjoys a strong level of recurring income. Furthermore, FPL has a healthy pipeline of potential quality assets to inject into these S-REITs. Lastly, there is no need to fear future cooling measures from the authorities since FPL has low exposure to Singapore’s residential property market.  A good friend of mine has warned me...

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Dividend Warrior’s Best January In 10 Years Of Investment Journey!

The global economy is currently in a ‘Goldilocks’ state. This is probably the optimal environment for REITs in my opinion. Markets are facing enough headwinds for the Fed to turn dovish and pause rate hikes in 2019. But these headwinds are still not severe enough to send the global economy into a deep recession yet. Both factors are beneficial to REITs. 1) No rate hikes means the REITs’ interest payment burden is stable. 2) No deep recession means the tenants won’t default on their leases. Several well-run, high-quality REITs could even achieve DPU & NAV growth year-on-year despite a rising rate environment...

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Building My Second Pot Of Gold

Many Singaporeans earned their first ‘pot of gold’ from property investments, specifically HDB flats and private condominiums. An entire generation of Singaporean ‘Baby Boomers’ was lifted into middle-class status during the 1980s to 1990s as they entered the workforce and used their CPF savings to purchase government-subsidised flats. Suffice to say, the public housing eco-system has been a bedrock of Singapore’s economy in recent decades.  [embedded content] Climbing the property ladder has been a well-trodden path to building wealth in Singapore. A tried-and-tested method. That’s how our grandparents and parents did it and it has worked out pretty well...

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Dividend Warrior 2018 Portfolio Quick Review

Happy New Year everybody! 2018 has been a strenuous year, fraught with problems in the global arena and heightened market volatility. Trade tensions between US and China, Fed rate hikes every quarter, a breakdown in Brexit negotiations, trouble in the Big Tech world (I’m looking at you, Facebook!), slowdown in semi-con industry, US government partial shut-down, Elon Musk tweeting ‘funding secured’ to take Tesla private and the oh-so-frequent Trump tweets to spice things up. There is a reason why this particular post of mine received the highest views in 2018. Apparently, investors out there need some reassuring words (-__-“) Now, time...

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DW Portfolio Bubble Chart (Dec 2018)

I created my very first portfolio Bubble Chart! :) *X-axis: Yield-on-price *Y-axis: Unrealised paper gain *Size of bubble is based on market value of the counter *Propnex is excluded as it has not given a full-year dividend yet Overall patterns:  – All counters have above 4% yield-on-price except RMG – All counters are in the green except NetLink Trust (as of 14 Dec) – Most counters are concentrated in the middle-right part of the chart...

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7 Common Things Singaporeans Don’t Realise Are A Waste Of Money

From health supplements to single-serve consumables to cable channel packages, here are 7 common ways Singaporeans waste money. We all have impulse purchases, which we make without thinking. If we learn to control these, we would have much more cash to spend on the things that we do care about. The following items aren’t really things that we love; they’re the habitual, money-wasting purchases that we should weed out. Bottled Water Singapore is currently suffering from a S$134 million bottled water addiction. This is mostly because (1) we don’t like to carry water bottles, and (2) we consider it disgusting to drink...

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Healthcare S-REITs Rate-Hike Sensitivity Data Comparison

Collecting rental income from hospitals and nursing homes is one of the more stable yield investment IMO. Healthcare REITs combine the best of two worlds – real estate & healthcare. With a rapidly aging population in Asia, hospitals and nursing homes will be in greater demand than ever. Parkway Life REIT is best positioned to take advantage of this demographic trend. It has the premium brand private hospitals Mount Elizabeth & Gleneagles in affluent Singapore in addition to a largely freehold portfolio of nursing homes in Japan, where adult diapers sales just overtook baby diapers in 2016. ParkwayLife REIT:...

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What Does A Trump Presidency Mean For Singapore?

SingSaver.com.sg, Singapore’s #1 personal finance comparison platform by transaction volume, provides consumers with timely money insights and aggregates the latest credit card offers and up-to-date personal loan deals. Singapore’s future will be affected by a Trump Presidency and the domestic issues that arise from it. The world is still reeling from President-elect Donald Trump’s shock win during the 2016 American elections. This has gotten some Singaporeans to wonder, why do we care so much? It’s because, while the United States is far away, they are a superpower whose domestic issues can affect Singapore. Here’s how: The Trans-Pacific Partnership is Likely to End Last...

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Can A Singaporean Survive On This Portfolio?

I have a friend (Let’s call him Mr Cat). Mr Cat is in his early thirties, contemplating about quitting his job and living on his portfolio. I told him that his dream is not possible unless his portfolio is generating cash flow of at least $2k per month. Mr Cat then showed me his current portfolio, which is rather impressive if I do say so myself. Mr Cat is single without the need to support his parents. He lives in a fully-paid 4-room HDB flat left behind by his late mother. His savings are meagre though. Name (Currency) Port %...

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