From 1 Apr to 30 Jun 2023, I collected or going to collect the following dividends.
$102.50 SSB (3 Apr)
$121 SSB (2 May)
$192 Sembcorp Ind (8 May)
$188 ST Eng (9 May) SRS
$462.75 UOB (12 May)
$165 Wilmar (12 May) SRS
$211 Comfortdelgro (18 May) SRS
$1,800 OCBC (19 May) SRS
$250.20 Mapletree Log Trust (22 May)
$185.10 Astrea 7 A-1 PE Bond (29 May)
$490.40 Frasers Centrepoint Trust (30 May)
$86.85 Suntec Reit (30 May)
$63.00 OUE Limited (31 May)
$296 SSB (1 Jun)
$188.00 ST Engineering (6 Jun) SRS
$285.61 Mapletree Ind Trust (7 Jun)
$131.00 Netlink Trust (13 Jun)
$337.50 MPACT (15 Jun)
$880.00 Frasers L&C Trust (15 Jun)
$614.10 Ascendas Reit (26 Jun)
$849.28 Aims Apac Reit (28 Jun)
$230.92 Far East Orchard (28 Jun)
The SGX income portfolio is like a money printing machine, churning out cash days and weeks for fun.
My passive income in Q2 2023 is $8,130.21, an 40% YoY increase from Q2 2022's $5,827.83.
Together with the $5,335.98 passive income in Q1, my passive income in the first half 2023 is
$13,466.19
This amount is not a lot but $2,244/month on average is at least able to cover most if not all of my basic necessities and essential expenditure.
I hope to collect more passive income in 2H 2023 and channel most of them towards adding battered quality Reits in my SGX Income portfolio, letting the compounding effect do its magic.
I will continue to live frugally, save up, invest in any bear or bull market conditions, slowly and steadily build up my investments. Ignore the fears, noises, distractions. Remain focused and stay on track in the journey towards financial freedom.
Thanks for reading.
With love & peace,
Qiongster
Wow that's an awesome feat! Hope to reach your level soon!!
ReplyDeleteThanks Newbie Investor. Slow but steady. We can all reach there!
DeleteVery nice amount!
ReplyDeleteQuality REITs on discount now, patiently collect dividends :)
Kevin (Turtle Investor)
Guys, I have my resevations about having REITS in my portfolio.
ReplyDeleteAs a young working adult it is fine and even exciting to own REITS and look forward to the rights issues that REITS occasionally raised. So far, if I am not wrong, all the REITS in S'pore have raised rights issues to raise funds, since REITS do not hold much cash. Some REITS have done it more than twice already.
So what are my reservations?
1. When retired, you would want to be able spend the dividends to sustain your retirement lifestyle. So imagine when the REITS you hold suddenly issue Rights and you cannot afford to subscribe to. You then forgo the Rights issues and see that your subsequent dividends drop because the share base is now enlarged!
2. Some REITS raised funds via private placement where the retail investors are not even invited to participate. And like point #1 above, you see your REITS share price drop and your dividends also drop!
3. When young and working, we happily scooped up Rights issues and enlarge our holdings. This continues till we retire and then we see that we have substantial holdings of REITS. In retirement, with no work income, we start to spend the dividends received. And then, boom, the REITS issue Rights to raise funds. Because of the substantial holdings of REITS, you will find that you could not afford to subscribe to the Rights according to your entitlement. Then again, when the next dividend comes, you see your dividends reduced because of the-enlarged share base that you could not be part of.
You can perhaps take a leaf or two from AK71. He has moved his focus (& shifted funds) into non-REITS such as banks. Also, in the recent Aims Apac REIT Rights issue, AK71 had to forgo buying the Rights that he was entitled to. Not working, no work income, difficult to keep up with the never ending Rights issuing habit of REITS.
And if you havent yet notice, the dividends you received from the REITS are likely to be lower than the amount needed to subscribe for the Rights.
So do be careful about loading up too much on REITS. Not fun when you are retired with no active income to chase after Rights issues and to see your subsequent dividends reduced. We invest for dividends because we needed the dividends to fund our retirement and NOT to hold the dividends for Rights issues.
"The SGX income portfolio is like a money printing machine, churning out cash days and weeks for fun."
ReplyDeleteCongrats! With a lot of recent negativity about dividend income, its good to see examples of the dividend ATM machine in action!
Regarding portfolio construction, you are probably more diversified than AK who is almost 100% SG as you are holding US and Greater China stocks - just have to continue adding to that part of your portfolio for greater diversification.
Thanks Turtle Investor. I intend to add more quality Reits this year.
ReplyDeleteThanks mysecretInvestment for highlighting the risks with REITS. I concur with the dangers of having too much of exposure to REITS which are Trusts managed by middleman and do not retain its income. They are not real businesses. I invest in REITS purely for income and for the sake of "owning" income-producing properties.
ReplyDeleteI am still rather conservative as I stashed away 60% of my assets in cash and low-risk equivalent. My exposure to REITS is less than 1/3 of my net worth. I intend to increase investment in local banks as there are not many businesses in SGX worth investing for the long-term.
Thanks Hello World. AK is my idol and is a great FIRE role model for many of us. I hope to be able to build up a strong income portfolio like him and retire early like him, maybe not 40s but in early 50s.
ReplyDelete