With the closing of Q1 today, it is time to count my blessings and also look forward to the rest of 2023. Bearing unforseen circumstances 😜, I am projecting a 6-figures semi-passive income for the whole year of 2023. For Q1, I have achieved 26% and for 1H 56% of income target. For 2023, forecasting 107% ON-target 😎.
Most of this income comes from dividends of blue chip companies like Banks (OCBC/DBS/UOB), Reits (MIT/AA), Bonds (Tbills/SSB) and some from the sale of Sembcorp Industries. For the time being, my focus is only in the Singapore market, and yield is single digit % of my 7-Figures Portfolio.
Investing, need not be too stressful if done properly, balancing Risks vs Rewards and going after some good opportunities in the Singapore Market.
I share this post with apprehensions and concerns to my personal privacy, yet at the same time wanting to encourage readers to press-on their investing journey. Like some bloggers (ASSI/CW8888/STE) who have willingly shared their experiences, I too feel it is important to share for the benefit of the Singapore investing community. Our investing journey can be lifelong and filled with many ups and downs. Many times I too have my fair share of big losses like Hyflux, Noble, Chartered Semiconductor and delisted China stocks. Only by putting behind these painful experiences, can we bravely move forward to continue and win the prize. Remember always that investing is a marathon and not a sprint.
Let's all run well together. Learning from one another and encouraging one another. Finishing the race with the goal in mind! Gambatte! Jiayou! Onward!
Nice. Thank you.
ReplyDeleteThanks
DeleteWell done 👍
ReplyDeleteThank you :)
DeleteWhy you decide to sell Semb Industries ?
ReplyDeleteSCI price has climbed up quite a bit over the past year. So have sold partial to take some profit :)
Deletehttps://thesingaporemarket.blogspot.com/2023/03/is-sci-at-371-good-sell.html
👍
ReplyDeleteThanks :)
DeleteHi Coven, thanks for your sharing & it's very inspiring. Pls share (or your have published previously) your (I) strategy & (II)decision criteria to selectively buy certain shares for dividend. Thanks v much, Dan
ReplyDeleteThank you Dan for your comments.
ReplyDelete1) In the current high interest rate climate, the almost risk free rate is around 3-4% (SSB, tbills and RHB FD).
https://thesingaporemarket.blogspot.com/2023/04/rhb-fixed-deposit-39-vs-12mths-t-bill-37.html
2) For low risk local banks, the dividend is around 5-6%
https://thesingaporemarket.blogspot.com/2023/03/is-dbs-at-327-good-buy.html
3) For higher risk reits, the dividend is around 7-8%
https://thesingaporemarket.blogspot.com/2023/03/is-aa-reit-at-13-good-buy.html
It's usually a balance of Risks vs Rewards
Thank you for your comments. Blogging is tough work plus privacy is always a concern. Will try to blog more :)
ReplyDelete