Thursday, 31 August 2023

EC World ... 1st Reit victim from High Interest Rates!

News broke out early this morning that China based EC World Reit has requested for voluntary suspension. With the Singapore investing community's preferance on Reits, some people are naturally still invested in this Reit and disappointed with the suspension of their hard earned monies. 

While personally not invested in this reit, it is a timely reminder that with ALL investments,  for yield or capital gains, they do come with certain Risks. I too have my own share of painful experiences (Hyflux, Noble and other China stocks). 

Reits being highly leveraged businesses are certainly not spared from the rapid rise of high interest rates. Coupled with China trying to rebalance their economy for the future, slowing growth and deflation pressures in the property segment, more victims and pain should be forthcoming. The search for high yield % returns should not be at the expense of capital loss. Fundamentally strong businesses should be the First selection investment criteria! 

For those who are vested in EC World Reit, take some time to mourn and learn from this painful lesson. Afterward, let it be another stepping stone to your investment journey. Jiayou! Gambatte! Fighting!


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Wednesday, 30 August 2023

Bumper Aug $25,825 ... YTD $103,180

It's approaching the end of month and time to count my blessings 😎 August has been full with dividends (namely Banks, Singtel, Wilmar, Kepcorp), pushing my year-to-date (YTD) nicely beyond 6-Figures. Also completed the sale of Sembcorp and partially divesting Yangzijiang. These 2 stocks (SCI & YZJ) have had an amazing run this year, hopefully these decisions to take profit would be a correct one in time to come ...


With Sep round the corner and traditionally a Negative month, would hope to pick up more Banks (DBS/OCBC/UOB) and S&P500 (IVV.US) to invest for the longer term, as I have basically reached my $$$ targets for 2023. It would also be nice to save some target numbers for the next year haha ... That's kind of how sales organisation works - chasing numbers and targets, but slowing down when targets are met ... heehee  😂  Doing some rough estimations of 2024 and it is currently showing a respectable number of $91,914 passive income. Doing more should hopefully bump the numbers up further✌

Do you think I should do more to these 2024 numbers? Or should I have sold SCI and YZJ? Let me know in the comments section below, thanks  :)

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Monday, 7 August 2023

July Profit $6,772 ... YTD $76,803

Yawn ... haven't been blogging for quite a few weeks .... as I have been feeling lazy and yes blogging takes quite an effort too. Plus the monetary rewards of blogging is also quite pathetic 😂. To maintain the discipline of blogging, here is a short post documenting my investment journey


Tabulating $6,772 for the month of July, this month as expected wasn't the best of months for the year 2023. Apart from dividends from AA reit and Bonds, the rest came from sales of Sembcorp and Yangzijiang. Still thankful for some income to help pay the family bills 😅. Everything seems to be getting more expensive nowadays --- inflation! Looking forward to a more bountiful month of Aug, where dividends of DBS/OCBC/UOB arrive!

Would also hope to pick up more S&P500 (IVV.US) as the USA market pulls back slightly. The months of Aug, Sep, Oct tend to be more bearish months and there might exist some pockets of opportunities. Overall would still think 2023 would be a bullish year with steady recovery of the economy. Let's all hope for the best! 
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Saturday, 1 July 2023

1H'23 Income of $70,047

 


From Singapore Department of Statistics, among each resident household, median monthly income from work grew 6.1% from $9,520 to $10,099 in 2022. Household income from work includes employer CPF contributions, which means excluding CPF the take-home income is 10099/1.17 = $8,632

Tabulating my Investment Income for 1H 2023, this works out to be $70,047 total or $11,675 per month. Contentment is great gain, and not being in the work rat-race has its pros and cons of course  😎

I am thankful for this $70k 1H'23 result, which is higher than my inial target at the start of this new year. With the 2H'23 ahead, it might be challenging to duplicate this same result as many companies have paid out the bulk of their annual dividends

Have also been slowly sharing and educating my children on some financial stuff, as they are beginning to grow and influenced by their peers. Since many money habits are caught from home, rather than taught in schools, it is important to inculcate the right financial values from young. Financial Stewardship starts from small amounts which are easily scalable by simple multiplication factors as bigger monies stream in. 

Do you have good ideas on how to teach your kids? Let me know in the comments below, thanks!  😅

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Friday, 30 June 2023

Profitable Q2 of $43,694

 



Q2 should be my most profitable quarter for 2023, with a flurry of dividends from blue chip stocks and bonds. Tabulating the month of June with $10,138 this works out to the whole quarter of Q2 into a total of $43,694! I am thankful for this sum of money, as it helps pay the family bills, food and some wants etc 😄

Embarking on this new journey in life, has been filled with lots of ups and downs. The ups are of course with much more time at hand, it is nice to spend with family and friends, plus learning some new things. The downs of course would be looking back at my previous job and all the $$$ and perks it provides.

Well it is certainly time to move on and not dwell too much on my "glorious" past. There is still so much to learn and contribute out there, if I can overcome my lazy inertias ... hahaha

With Q2 behind and Q3 ahead of me, I will need to focus on what I really want in my life. Plus life is always full of surprises and disappointments. It is always easy to look back on hindsight and regret on decisions, but it is always better to bravely move forward, counting my blessings and cherishing what I have and making the best of everything. Majullah!

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