Passive Income Update: November 13

I have added 4 lots of Parkway Life Reit to my portfolio a few weeks ago at the price of $2.22. Based on the latest dividends given out in an entire year, that’s a yield of almost 5%. Not amazing (actually it is the Reit with the lowest yield listed on SGX) but I am pretty bullish on healthcare properties and do believe the growth in healthcare costs/profits would likely be able to support an above-average increase in rentals.

Moreover, its key assets are in the three prime Singapore hospitals (Mount Elizabeth, Gleneagles and Parkway East). It’s likely one of the most conservative and defensive Reits in the market too. The hospitals are well-established with most of my female peers (including Mrs 15HWW) indicating their preference to give birth to their future children at these “more costly” places.  😛

And in other news, the general market dropped by ~5% since the last update a month ago. It’s quite a surprise to me since

1. The US markets are establishing new highs and

2. The Singapore economy is doing pretty well this year

I guess the cooling off of the property market and the recent penny stocks crash have burnt some fingers so most are still adopting a “wait-and-see” attitude. Buf this represents another buying opportunity for me and if the STI continues its downtrend and goes below the 3,000 mark, it’s likely that part of my cash hoard will be deployed again in the upcoming weeks.

Even though we are in a mini slump once again, my portfolio has proved to be pretty resilient! Excluding the PLife Reit purchase, the portfolio value only decreased by about $2k, due to strong performances this month from Boustead, Challenger and Spindex. The portfolio is now yielding an estimated $6,000. I see it somewhat as having an imaginary teenager working a part-time job and passing all his earnings to our household. =)

***********

Dividends received in November 13 : $728.80

Spindex: $432

SIA Eng: $140

First Reit: $156.8

**********

Details of my updated portfolio are shown below.

====================

Stocks (As at 16th December 2013)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $4.850 $19,400 $0.1820 $728.00
Boustead 9,000 $1.615 $14,535 $0.0700 $630.00
Wilmar 4,000 $3.370 $13,480 $0.0500 $200.00
Spindex 24,000 $0.460 $11,040 $0.0180 $432.00
Semb Corp 2,000 $5.200 $10,400 $0.1500 $300.00
Challenger 16,500 $0.605 $9,983 $0.0225 $371.25
SIA Eng 2,000 $4.800 $9,600 $0.2200 $440.00
Kingsmen 10,000 $0.900 $9,000 $0.0400 $400.00
PLife Reit 4,000 $2.170 $8,680 $0.1031 $412.40
First Reit 8,000 $1.050 $8,400 $0.0724 $579.20
Singtel 2,000 $3.560 $7,120 $0.1680 $336.00
LKH 10,000 $0.680 $6,800 $0.0450 $450.00
MTQ 4,000 $1.380 $5,520 $0.0450 $180.00
Total $133,958 $5,458.85

Others (As at 16th December 2013)

Asset Valuation Est. Income
Philip Sharebuilder $23,207 $400
CIMB Star Saver $12,000 $96
   
Total $35,207 $496

Total Valuation = $169,165

Total Est. Income = $5,954.85

 ====================

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

Be Sociable, Share!

4 thoughts on “Passive Income Update: November 13

    1. My 15 HWW Post author

      Hi B,

      Didn’t know there was such a club. =)

      Compared to most, I guess I am under-invested in Reits. Have some general reservations on Reits but less apprehensive about the healthcare Reits though.