Author: Invest For Yourself

In May, They Sold, I Bought & I hope I am right

In the investment world, there is a saying “Sell in May and Go Away”.  May 2019 was no exception, if you had shorted STI index on 30 April and bought it back on 31 May, you would have gained 8% in value. And this saying seems to have some basis. According to Investopedia, the Dow Jones Industrial Average has had an average return of only 0.3% during the May to October period in the years 1950-2013. In contrast, it had an average gain of 7.5% during the November to April period. I can’t say I am a believer of...

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Equity Portfolio Dividend Yield is 2.9% Year-to-Date, > 5% Full Year Target Intact

A few of you have asked me to share more details about my portfolio since my last post yesterday. So, here it goes. Just on Equity Portfolio – Income & Growth Combined I don’t have shares of all 63 companies in my watchlist. Currently, I own shares of 50 of them. Still a lot, I know. I hope to progressively reduce the numbers as I migrate more to ETFs. Furthermore, some of them are very small holdings, legacy reasons because I bought them expensive and/or they are just odd lots. Though it is not exactly 80/20,  for my equity...

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Great to have Passive Income coming in regularly in 1H of the Year

As SATS released its full results on Friday, it also concluded the Q2 reporting season of all the 63 companies on my watchlist. About 60% of them declared dividends and the total amount of dividend declared is 10% more than that of Q1. Out of these 60%, 10% was disappointments, 20% brought upside surprises while 30% were within expectations. The major disappointments were Starhub and SPH. Starhub’s dividend dropped from 4 to 2.5 cents. It is now that I found that Starhub had changed their dividend policy from a fixed one to a variable one where it will distribute 80%...

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Market Valuation at a “Snap of the fingers ” … Thanos Trump

I cannot help but feel disheartened by the market lately. It is so “emo”, so “volatile”. Its every movement seemed to be controlled at the “snap of Mr Trump’s fingers”. It really feels like Thanos Trump snapping his fingers with his “Infinity Stones” glove. . By a tweet, Mr Trump could move market by a few percentages and potentially wipe out billions of hard earned dollars or make many people very rich if they are on the “right” side of the market. Is our markets so irrational? I always believe that the market is bigger than any individual. No...

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Retirement Insecurity

Scanning the Invest section of the Sunday Times for useful articles has become a habit. Two weeks, I ran a series of blogs based on a few articles that caught my eyes (1) FIRE seems farther away from me now (2) Giving MoneyOwl a Try and (3) High Gearing; I Don’t Dare.  Last Sunday (7/5) ran a full page article on Singapore Saving Bond (SSB). It was a good and comprehensive article. If you are new to SSB, you will find it very useful. There are also enough blogs on SSB already and hence, I don’t feel the need...

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Dividend Galore Week !

Singtel and Netlink Trust are going to release their full year results this week and without question, they will also declare dividends. We already know what Singtel is going to declare = 10.7 cents per shares. Together with the 6.8 cents earlier, the full dividend yield will come to 5.5% (Shiok man!) Singtel is my largest holding and its dividend this quarter will make up 50% of all dividends I am going to collect this quarter. Related to Singtel is Netlink, the former is its largest shareholder. Hence, their financial year is synchronised. Dividend from Netlink Trust is expected...

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Opportunity for Portfolio Adjustment

The volatility of the market has returned again. The CBOE Volatility Index which gives an indication of the market volatility jumped from 12.85 on the 6th May to 22.87 on 9th May 10.40 pm (GMT+8). By the way, this index can actually be traded but you must be able o stomach a wild ride. Stay away if you are not a very high high high risk taker. During that same period, STI dropped 2.9%. The bigger losers seem to come from the banks and the property counters. For instance, OCBC is now $11.31. It was $12 (even after ex-div)...

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High Gearing; I Don’t Dare

This is the 3rd and last of my series of blogs inspired by last Sunday Invest Section .. it is timely too as weekend is just one hour away. This blog was inspired by my missus’ question to me when we were reading a specific article. And she asked,  “How come people can buy so many and such expensive properties while we struggle so hard???” Good question … how to answer??? Some background first, this particular article was about the story of a successful director of a real estate company in his late 30s. He owns 3 properties currently and...

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Giving MoneyOwl a Try

Another disheartened day at work made me yearned for FIRE* even more today than yesterday. My blog yesterday prompted many good feedback and opinions from fellow financial bloggers who offered different perspectives. They also offered a good dose of encouragement to me, of which I am very grateful for. It also bumped up the number of subscribers to my blog to 179, another thing to be grateful for. All these eased much of the frustration that has been building up internally …. Well, enough of me … this blog is not about me. This is about another useful article that...

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FIRE seems farther away from me now

If you have not read the Invest section of last Sunday Straits Time, you have missed out on a few good articles related to financial planning. One of them is on “Financial Planning for the Sandwich Generation”. I find the “advice” provided very useful, insightful and practical. These “advice” are in essence, the critiques from the judges on the financial plans submitted for the FPAS Financial Planner Awards. If you have no idea what or how to start planning for your financials (and retirement), you will find this a GREAT read. In thinking of our financial state and our...

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A Bumper Week for Dividends

Next week will be a bumper week for dividends as many of the companies in my watchlist will release their quarterly earnings and declare dividends. Below is a table showing the companies and their earning release dates … I am looking forward to counting the amount of dividends that I can receive by end of this week. Have a great week ahead folks. Regards Warriortan 22-Apr Mapletree Industrial T Q4 LippoMall IR Q1 23-Apr Mapletree Commercial T Q4 Frasers Commercial T Q2 24-Apr Suntec Q1 Frasers Centrepoint T Q2 CapitaMall Q1 CapitaRetailChina Q1 AA Reit Q4 25-Apr SGX Q3...

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SG Bonds are worth considering too and are available now

If you are looking for risk free investment, you can consider Singapore Government Bond. Ever since, my first purchase in Jan – see here, I visit the MAS website of the Singapore Government Securities regularly to check for new issues. And guess what, 2 new issues are opened this week. One issue is the One Year Treasury Bill – BY19101A. Issue Date: 30 April 2019 Maturity Date: 30 April 2020 Minimum Denomination: $1000 Closing Date: 25 April 2019 Noon Can apply at our local banks’ ATM Coupon Rate depends on auction, for the last T-Bill that closed in Jan 2019, the...

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As much SSB as I can get

With a week to go, I evaluated the situation and decided that my tactic will be to apply for and hope to get as much of the May’19 Singapore Saving Bond (SSB) issue as possible. The reason is because I think the interest rate has peaked for the time being. Since I have some cash in my warchest lately due to some aggressive selling of equities, I will try to park them in SSB, the highest return investment product that is risk free in our local market. I believe interest rate has peaked for the time being because of...

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Amazing … CRCT dividend yield range has been consistent over the years

With a bit of time on hand this weekend, I went to collect the dividend yield data of Capitaland Retail China Trust (CRCT) by going through its annual reports in recent years. Below is a plot. As you can see, the “trading range” of the yield of CRCT has been very consistent over the years. Too consistent in my view. As you can see, the highest dividend yield for a particular year is about 7.6% while the lowest yield is about 6.0%. If you believe the reversion to mean and this graph, then you can predict the price range of...

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My confidence in SPH as a secured dividend company just took a hit

Q2 earnings reporting has already started. As usual, the first one off the block in my watchlist was SPH Reit and then followed by SPH. Being an income investor, the first thing that I looked out for was the dividend. SPH Reit declared DPU of 1.41 cents close to that of the same quarter last year while SPH declared 5.5 cents, down 0.5 cents (or almost 9%) from 6.0 cents for the same quarter. I am disappointed with SPH’s reduced dividend. Many other investors also took issue with this reduced dividend as SPH share price was sold down from...

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