This is going to be a short post.
Following up on my previous post, I have managed to set up a margin trading account with Maybank Kim Eng and used $10,000 from May's dividends pay-out to get started on a portfolio with leveraged yield.
I chose four starting positions which has the following criteria - Must yield at least 7% and has to contain stocks which I do not currently own in my main portfolio. With the exception of Manulife, the financial costs of the leverage is about 2.88% with Manulife going at 3.5%.
[ I really hope no one tries to replicate my four stock choices, for one thing, they do not exist in my main portfolio and are chosen to diversify my holdings further. This blog does not make stock recommendations or give financial advice. ]
My "suicide squad" of four stocks are : Frasers ......