Author: The Unnecessary Job

Wounded by the Eagle

I currently hold about 55k EHT shares at an average price of 0.64. DID SOMEONE SAY BURNT? I was briefly down 10K USD. Then the stock price rallied to settle around 0.53 – 0.54 range, narrowing my losses. Suffice to say, my track record on bargain hunting is not that erm illustrious.  To put it mildly.  I remain hopeful on EHT.  The SSH selling appears to have stopped (for now).  It is clear that retail investors remain apprehensive on EHT.  And who could blame them?  And I might have been deeper in the hole, had it not been for...

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Bad week for AIMS APAC and Eagle HTrust

When it rains it pours, as the cliche goes. AIMS APAC REIT (AA REIT) suffered a correction earlier this month when its Manager (AIMS Financial) decided to unload shares amounting to around 10% of the float via private placement. The private placement was done at 1.35, which is a significant discount from the last traded price 1.48 prior to the placement. The reason given by the Manager was ostensibly to increase the liquidity of the share.  Seems more like a blatant cash grab to me.  Perhaps investors should have foresaw this cash grab when AIMS acquired the AA REIT...

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On finding purpose

There was a sincere and introspective post on A Millennial’s Attempt at Adulting recently. The post explored the writer’s inner thoughts on the purpose of her job (life?) and invoked the oft-cited Japanese concept of ikigai,  which may be summarized as doing something, which you love, which you are good at, which is useful to society, and which pays you. Ikigai seems to be the elusive holy grail that many are seeking. I do not pretend that I understand why this is so. “Purpose” is itself a rather loaded word in my opinion. Is purpose a mantle you choose...

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Added Cromwell REIT

The BUY 72000 shares @ 0.500 EUR a share Expected yield: 8.2% based on last half yearly payout Accordingly, this investment may yield around SGD 4,300 a year in dividends, or around SGD 360 a month.  Yet another step towards breaking 100k a year passive in 2020. Why? Diversification Wanted some geographical diversification.  I currently have exposure to Singapore, UK, and Australia (AA REIT +  FCOT + Starhill), China  (CRCT), US (Eagle HTrust), ID (First REIT). Ultimately, it was a toss up between IREIT and Cromwell.  Overall, I preferred Cromwell REIT because I feel there is less tenant concentration...

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2019 Q3 Dividends and Portfolio

It is time again to take stock of FI progress.Portfolio Q3 2019 September 2019 Shares held Last traded Value AIMSAMP Cap Reit 257400 1.45 $373,230.00 Cache Log Trust 13600 0.735 $9,996.00 CapitaR China Trust 43100 1.53 $65,943.00 DBS 2000 24.87 $49,740.00 Ezion 19500 0.044 $858.00 First Reit 50000 1.04 $52,000.00 FCOT 234000 1.61 $376,740.00 Eagle HTrust 42000 0.655 (US$) $37,688.70 Keppel Corp 5000 6.02 $30,100.00 OCBC 5000...

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I love Septembers

I love Septembers. It is my birthday month. My bonuses get paid this month. It marks the end of Q3 of the calender year. Yet another stretch completed in the arduous journey toward FI.  I shall be tabulating the Q3 dividend earnings and overall portfolio in a separate post at the end of September. It is also the month where a fair number of companies pay out yummy dividends, including First REIT and AIMSAPAC REIT. Together with my bonuses, the war chest gets a pretty healthy boost.  What’s not to like? As icing on the cake, I also sold...

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New Quest: Breaking 100k passive in 2020

Recently went on another shopping spree with the capital recycled from the Ascendas Htrust sale. I kept saying pace yourself, pace yourself dude, don’t spend it all in one place. But when the market is offering a ton of discounts, it is hard to say no. I have decided the year 2020 should be that year when i finally breach the 6-digit passive income benchmark.   Sometimes I picture myself hopping into a time machine and going back to say hello to the 25-year-old me in 2007. Fresh out of Uni, with a massive $800 to my name sitting...

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Is now a good time to enter the Property Market?

It is a question I ponder repeatedly. Property seminars routinely pop up on my facebook feed with catching captions like – “how to turn 1 property into 4 on a median income salary.” I tend to take investment advice from property agents with a (huge) pinch of salt. As AK loves to say, Never ask a barber whether you need a haircut. Property agents will always tell you that the “only way the market moves is up”. “The developer will never reduce price.”  If the development they are selling is large, they will say how the large number of...

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Keeping my faith with AIMS APAC REIT

Used about half my proceeds from the Ascendas Htrust sale and added 100 lots of AIMS to my portfolio when it went XD @ 1.44. In hindsight, could have waited a bit longer. The next day, it went as low as 1.41/1.42. Then again, thousand gold cannot buy early know. I continue to be quite optimistic on AIMS. Compared to ESR REIT, AIMS is arguably a safer play due to its comparatively lower gearing (33% vs 39% of ESR REIT).  Furthermore, there is a lot of untapped GFA for AIMS properties.  One DBS Treasures report puts it as 600,000...

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Market on sale again – what are you buying?

Feeling a bit like Moses every morning when I log into my trading account and review my watchlist. Huge sea of red. Only difference being, I cannot part a road through it with a wave of my staff. Ascendas HTrust I sold all of my ascendas htrust on 25 July @ 1.05.  Happy to take the money off the table basically. And certainly, did not think that Ascott BT REIT is worth the 1.30 issue price. I was up about 53k on capital gains alone, not including dividends received since 2017. So I am rather pleased with the outcome....

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The Infantilisation of the Poor

Over the weekend, I became vilified on Facebook. For the crime of daring to own an opinion. A respected friend of mine had posted a link to a book published by Liyana Dhamirah, Homeless. This book is basically a feel-good, comeback story, about someone who overcame great odds, to re-plant her feet firmly on the ground.  In an interview with Mothership, the author recounts being pregnant with her first at age 16, and tolerated an repeatedly infidel husband. Both her and husband were eventually cast out by her mother-in-law on Hari Raya no less, and ended up on Sembawang...

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Ascott Residence Trust (ART) buys Ascendas Htrust (AHT) for S$1.0868 per share

AHT last traded at 0.975. My average entry was 0.82 for 235,000 units. The purchase price of 1.0868 represents about a 32.5% gain over what i paid for the shares, excluding dividends received. Including dividends, the XIRR rate of return would be about 26.7% – possibly one of my best performance in 4.5 years of investing. -141432.15 0.267298812 The low down The purchase would be paid in both cash and Ascott units. I would have preferred an all cash deal.  ART’s units are severely over-valued and AHT holders are being shortchanged by being paid in ART shares, which appear...

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The Search is Over – FCOT lands Google

I previously blogged about FCOT being a mixed bag of goodies but perhaps one that is worth the wait. It didn’t take that long for the bells of good fortune to start ringing. From OCBC broker’s report: Good things come to those who wait Last evening, Frasers Commercial Trust (FCOT) announced that it has entered into a lease agreement with Google Asia Pacific Pte. Ltd. (Google) for the latter to take up space at Alexandra Technopark (ATP). The total leased area will be ~344,100 sqft, or ~33.3% of ATP’s total NLA. As of 25 June, this will bring ATP’s...

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Portfolio and Dividend Update Q2 FY19

For the three months Apr 2019 – Jun 2019, the total amount of dividends received was: $21,592. Breakdown of Contributors: Keppel – 750DBS – 900FCOT – 5616First REIT – 1075Starhill – 990Cache – 203AA REIT – 3338.5Ascendas Htrust – 7567OCBC – 1150 Performance against Q2 2018:Dividends received in Q2 2018: 16045Dividends received in Q2 2019: 21592Change: +34.6% For the month ending June 2019, my total assets under management stand at: S$ 1,354,652 Breakdown of Current Portfolio: June 2019 Value AIMSAMP Cap Reit 121400 1.45 $176,030.00 Ascendas-hTrust 235000 0.985 $231,475.00 Cache Log Trust 13600 0.79 $10,744.00 CapitaR China Trust 35000...

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Mitigate the effects of inflation on your passive income

Hypothetical: Say the year is 2019, you have accumulated 2M in investible assets and retired at a ripe old age of 40. Let’s further say you are a somewhat conservative but competent investor, returning an average of 6% on your capital, i.e., 120k a year, or 10k a month. In 40 years time, at a 2% inflation rate, 10k a month would be more or less be equivalent to having around 5k a month in today’s value. As you can see, inflation is a real issue that wipes out the true value of your passive income, and with that,...

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