Passive Income Update: September 14

Firstly, some good news. 🙂

Amazingly, I was allocated the FULL 75 excess shares that I applied for during the OCBC rights issue. Together with the 125 shares I was allocated, I was able to get my hands on 200 shares at the bargain price of $7.65. So no odd lots come Jan 15. Furthermore, an additional $150 made just from the excess rights, yeah!

And I finally decided to close the Phillip Capital ShareBuilder Plan (will write more about the reasons in a later post) very early in the month when the STI was still hovering around the 3,300 mark. A bit lucky since the market has also fallen a fair bit since then. Sensing an opportunity, I recycled some of the cash by purchasing 4 lots of MTQ @$1.305 and 2 lots of M1 @$3.51 during the past 2 weeks.

Unfortunately, that’s where all the good news end as our stock portfolio suffered some hits again, similar to the previous month. After excluding the injections, I found out that it’s a 3% drop from last month which almost mirrors the STI’s fall. And this resulted in a reduction of the valuations by about $5,000. That’s an amount larger than my last drawn salary. But have to learn to accept >$5,000 drops since they will just become more and more common as the portfolio increases in size.  😕

Volatility in the markets is inevitable and fluctuations cut both ways. It’s just impossible to always expect months like this and this. *Shrugs*

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Dividends received in September 14: $606

Kingsmen: $150

MTQ: $120

PLife Reit: $116

Semb Corp: $100

ST Engg: $80

Super Group: $40

Dividends received YTD: $5,540.20

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Details of my updated portfolio are shown below.

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Stocks (As at 15th October 2014)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $5.920 $23,680 $0.2250 $900.00
Boustead 9,000 $1.740 $15,660 $0.0700 $630.00
Spindex 24,000 $0.560 $13,440 $0.0180 $432.00
Wilmar 4,000 $3.000 $12,000 $0.0800 $320.00
MTQ 10,000 $1.190 $11,900 $0.0440 $440.00
OCBC 1,200 $9.630 $11,556 $0.3400 $408.00
Semb Corp 2,000 $4.970 $9,940 $0.1700 $340.00
First Reit 8,000 $1.205 $9,640 $0.0752 $601.60
Kingsmen 10,000 $0.930 $9,300 $0.0400 $400.00
PLife Reit 4,000 $2.320 $9,280 $0.1075 $430.00
SIA Eng 2,000 $4.440 $8,880 $0.2500 $500.00
SingTel 2,000 $3.700 $7,400 $0.1680 $336.00
ST Engg 2,000 $3.590 $7,180 $0.1500 $300.00
Challenger 16,500 $0.435 $7,178 $0.0252 $415.80
M1 2,000 $3.470 $6,940 $0.2100 $420.00
SGX 1,000 $6.890 $6,890 $0.2800 $280.00
LKH 10,000 $0.640 $6,400 $0.0300 $300.00
Super Grp 4,000 $1.225 $4,900 $0.0450 $180.00
Total $182,164 $7,633.40

Others (As at 15th October 2014)

Asset Valuation Est. Income
OCBC 360 Account $50,000 $1,500
CIMB Star Saver $12,080 $96
Total $62,080 $1,596

Total Valuation = $244,244

Total Est. Annual Income = $9,229.40

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Do refer to my first monthly update if you would like some additional background to most of my purchases and here for previous updates.

2 Replies to “Passive Income Update: September 14”

    1. Hi B,

      Yup. The SG market largely did not follow the US’s rise for the past couple of years and I was getting concerned when I realised the US market was like up >70% for the past 3-4 years.

      Hopefully, SG market can be slightly decoupled from the correction in the US market. Meanwhile, getting some bullets ready again.

      Good to hear from you and enjoy your trip in Europe! =)

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