Author: Invest For Yourself

SPH Reit: Is Declining Occupancy starting to Bite?

The headlines from their latest Media Release last week screamed “SPH REIT delivered steady distribution. 1Q 2019 DPU held steady at 1.34 cents. Figtree Grove Shopping Centre – yield-accretive acquisition in New South Wales, Australia”. As an income investor, I am naturally happy. But is everything so rosy for SPH Reit? I somehow didn’t feel so. Looking at the hard-financial numbers, it is not difficult to see that: Net property income (“NPI”) for 1Q 2019 was $41.8 Mln, a 1.0% drop compared to Q1 2018 last year. Revenue also dropped but only by 0.6%. So, the property expenses was...

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My 2019 Game Plan Explained

In my last blog, I wrote “My game plan for 2019 is to continue to grow my index portfolio, collect dividends and maintain a 5% yield portfolio, subscribe SSB to the new max and increase average views per month in my blog further.”  And I received several questions after that requesting me to elaborate why I chose them. I thought it would be useful to share my thoughts openly (and hopefully trigger yours) … hence, this blog. Let me do the easier one first: (1) Subscribe SSB to the new max In my opinion, SSB is the best investment...

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Not a profitable 2018 but I have made progress.

Not withstanding 2018 has not been a profitable year for me, I have made several forward strides in my investment journey. Some of them are: I am fully invested now. Thus, cash is limited for any major change in investment strategy. I have built a portfolio that I am confident it will deliver 5% dividend yield a year. I tried out shares margin financing and successfully lifted my dividend yield. The total dividends received in 2018 is the highest that I have ever had I have grown my index portfolio to more than double its value at the start...

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Q1’19 Dividends is just round the corner

I am grateful to receive several notes of encouragement from fellow bloggers after my “depressed” post yesterday. I believe they are in the same situation as me and yet they took the efforts to pen down a line or two to me. Some reminded me of previous events like the dot-com bubble burst, GFC but not to bring back those sad memories and to remind me that things will improve and we will see a silver lining. Just hang on and look for value. Thank you I will! The other things that perk me up today are the announcements from...

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Q1’19 Dividends is just round the corner

I am grateful to receive several notes of encouragement from fellow bloggers after my “depressed” post yesterday. I believe they are in the same situation as me and yet they took the efforts to pen down a line or two to me. Some reminded me of previous events like the dot-com bubble burst, GFC but not to bring back those sad memories and to remind me that things will improve and we will see a silver lining. Just hang on and look for value. Thank you I will! The other things that perk me up today are the announcements from...

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I am feeling cash poor this year

I remembered when it was this time last year, I was feeling very good. Besides the fact that I got my bonus, my investment portfolio was showing a good gain then. But this year … (sign) … the value of my portfolio literally tanked by 15%. Was it expected? On reflection, yes, when I looked back at the first blog I published early this year. In that blog, I forecasted that the market would drop by 10-20% in 2018 and sadly it did. Forecasting is one thing but actually receiving the reality is another. It still feels very painful...

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I am feeling cash poor this year

I remembered when it was this time last year, I was feeling very good. Besides the fact that I got my bonus, my investment portfolio was showing a good gain then. But this year … (sign) … the value of my portfolio literally tanked by 15%. Was it expected? On reflection, yes, when I looked back at the first blog I published early this year. In that blog, I forecasted that the market would drop by 10-20% in 2018 and sadly it did. Forecasting is one thing but actually receiving the reality is another. It still feels very painful...

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Index Portfolio Delivering its Value

Some of you who have started following my blog earlier may remember that I have an Index Portfolio (modeled after a permanent portfolio concept) alongside my Growth/Income Portfolio. It has been a long time since I last spoke about it, so I thought I will do it today. While I was actively managing (aka trading) my growth/income portfolio, I have not neglected my index portfolio. In fact, as of today, the value of my index portfolio has doubled (+100%) in value mainly through capital injection from monthly purchases of ETFs on SGX and little selling in between. Over the...

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Index Portfolio Delivering its Value

Some of you who have started following my blog earlier may remember that I have an Index Portfolio (modeled after a permanent portfolio concept) alongside my Growth/Income Portfolio. It has been a long time since I last spoke about it, so I thought I will do it today. While I was actively managing (aka trading) my growth/income portfolio, I have not neglected my index portfolio. In fact, as of today, the value of my index portfolio has doubled (+100%) in value mainly through capital injection from monthly purchases of ETFs on SGX and little selling in between. Over the...

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6% Yield Portfolio

With the last company on my watchlist reporting its quarterly results yesterday, I can wind up my dividend collection for the year already. I have managed to hit 6% yield from my portfolio. This outperforms my expectation of a 5% yield, with the help of some margin trading. While I am happy with this, the sharp decline in the capital value of my holdings of late means that if nothing change from now to end of the year, I will be looking at a loss of ~ 6%. It is extremely painful to know that after a year of...

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6% Yield Portfolio

With the last company on my watchlist reporting its quarterly results yesterday, I can wind up my dividend collection for the year already. I have managed to hit 6% yield from my portfolio. This outperforms my expectation of a 5% yield, with the help of some margin trading. While I am happy with this, the sharp decline in the capital value of my holdings of late means that if nothing change from now to end of the year, I will be looking at a loss of ~ 6%. It is extremely painful to know that after a year of...

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AsianPayTV … I fainted!

When I saw the sharp drop in Asian Pay TV Trust (APTT) share price last night, I fainted. Boy, it was a whopping 50% drop in its share price overnight. Checking it out, this drop was purely in response to their latest dividend guidance of 1.2 cents annually for 2019 and 2020. This “1.2 cents” is even less that the 1.625 cents dividend that they are paying every quarter now. Looks like their cash situation and business outlook are much worse that what most people have imagined. At 1.2 cents annual dividend and with a share price of only...

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Patience with Accordia Golf

Oops, in the midst of all the excitement around dividends, I forgot to update my Q4 2018 Dividend tracking table. I apologise for this tardiness especially if you plan to use it for your own dividend tracking. I aim to do better next quarter. A “hefty” dividend week has come and left but thankfully, it left no major surprises. Singtel, Frasers Property, SATS, Starhub, OUE Hospitality Trust delivered on expectations. Despite that, the share price of all these companies hardly moved and in fact, many declined. Investors are probably concerned whether they can continue to maintain this level of...

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Keenly Await Singtel Dividends

Singtel is my biggest holding. It will release its first half results and interim dividend this coming Thursday. I expect Singtel to follow through on its commitments and declare 6.8 cents per share of dividends, or 2.1% yield this time, in support of the expected total dividend of 17.5 cents per share (or 5.5% yield) for the year. I will be contented with this yield and if it declares more, it will be a bonus. On Friday, I will look forward to Frasers Property full year results release. It is among the Top-5 in my portfolio and thus another...

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Maximising Value from Your SSB Portfolio

If you have spare cash today, I won’t hesitate to recommend SG Saving Bond (SSB) to you. It’s the best investment product for Singaporeans out there now! The first year interest rate of the Dec’18 issue is 1.89%. Solid, right? I believe most of you are familiar with it. If not, you can click hereto find out more. For many people, buying bonds is a “buy and forget” experience. Unless the issuer goes bust, we will definitely receive the interests at the coupon rate that we bought the bond and at fixed interval regardless of the market condition. And at...

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