For much of this month, it appeared that the sky was falling. At least, that was what many predicted for the local stock market after Greece unanimously voted “No” to the Troika’s “somewhat absurd demands” (you probably know where I stand on this issue after this line) for more aid and the China & HK stock market totally crumbled (after an unsustainable rise).
Again, just like late last year, it seemed a matter of time before the local STI dives below the 3,000 level mark. Many who have been on the sidelines for the best part of 5 years were baying for blood, hoping for a market crash. But alas, it didn’t come and at least for now, the whole saga appears to be a huge anti-climax for them.
Knowing how bad a market-timer I am, I can’t do a binary “All-In” or “All-Out”. Instead, I rely on an assigned asset allocation strategy to somewhat time my stock purchases. Therefore, as the market dipped a few weeks back, I proceeded to purchase 200 shares of Jardine C&C @33.13. And just to prove my earlier point, I was way too early to the scene as the somewhat illogical (at least to me) dive in share price continued for the next week after my buy. *Aarrrrgh*
It was painful to stare at a $600 (10%) loss within a week but that’s my life in the market. Oh well. 🙄
Anyway, it’s interesting to note that even though I ain’t exactly an income investor, my dividends received have exceeded $4K for the first half a year. That’s one month of expenses covered!
Well on the way to semi-retirement, huh? 😆
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Dividends received in June 15: $716
LKH: $500
OCBC: $216
Dividends received YTD: $4,405.40
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Stocks (As at 17th July 2015)
| Stock | Share Amt | Share Price | Valuation | Dividend | Est. Income |
| Vicom | 4,000 | $6.200 | $24,800 | $0.2250 | $900.00 |
| Kingsmen | 17,000 | $0.990 | $16,830 | $0.0400 | $680.00 |
| Spindex | 24,000 | $0.630 | $15,120 | $0.0220 | $528.00 |
| ST Engg | 4,000 | $3.400 | $13,600 | $0.1500 | $600.00 |
| Wilmar | 4,000 | $3.300 | $13,200 | $0.0750 | $300.00 |
| OCBC | 1,200 | $10.330 | $12,396 | $0.3600 | $432.00 |
| Semb Corp | 3,000 | $3.890 | $11,670 | $0.1600 | $480.00 |
| First Reit | 8,000 | $1.420 | $11,360 | $0.0752 | $601.60 |
| Boustead | 9,000 | $1.240 | $11,160 | $0.0700 | $630.00 |
| Dairy Farm | 900 | $11.940 | $10,746 | $0.3100 | $279.00 |
| PLife Reit | 4,000 | $2.350 | $9,400 | $0.1152 | $460.80 |
| SGX | 1,000 | $8.350 | $8,350 | $0.2800 | $280.00 |
| MTQ | 10,000 | $0.725 | $7,250 | $0.0440 | $440.00 |
| Genting | 8,000 | $0.905 | $7,240 | $0.0100 | $80.00 |
| LKH | 10,000 | $0.665 | $6,650 | $0.0300 | $300.00 |
| M1 | 2,000 | $3.260 | $6,520 | $0.1890 | $378.00 |
| Jard C&C | 200 | $31.730 | $6,346 | $1.1093 | $221.86 |
| Super Grp | 4,000 | $1.060 | $4,240 | $0.0310 | $124.00 |
| Bou Proj | 2,700 | $0.880 | $2,376 | $0.0000 | $0.00 |
| Total | $199,254 | $7,715.26 |
Others (As at 17th July 2015)
| Asset | Valuation | Est. Income |
| OCBC 360 Account A | $20,000 | $200 |
| OCBC 360 Account B | $60,000 | $1,020 |
| FCL 3.65% Bonds | $21,084 | $766.50 |
| Total | $101,084 | $1,986.50 |
Total Valuation = $300,338
Total Est. Annual Income = $9,701.76
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Hi 15hrww
Congrats that your dividends are growing. Luckily, I am not all-in and all-out. I am 90% in or 90% out. haha.
I belong to the “disappointed that the market didn’t crush” group. However, I am not going to sit there and predict the market sentiments. It is actually good that it has buy me some time to sort out my fundamentals. I will enjoy my life and do what is necessary to grow my money and my mind.
Great portfolio, great inspiration. 🙂
Hi Frugal Daddy,
They are indeed growing but much more slowly over the past year, as the Mrs and I have each taken an extended work break.
I will probably write a post explaining why I wish there will be no big crash in the local market. Anyway, I think your learning curve has been steep and useful, with many “experts and qianbeis” giving you help and advice. All the best with your asset allocation!