Passive Income Update: August 14

On 31 July, the STI reached a year high of about 3,370 points. The STI had appeared to be catching on to the US stock market’s meteoric rise in the past two year. It seemed like a matter of a few weeks before the 3,400 mark would be breached and a possibility that it could surge past the 3,500 mark (a level not seen since Nov 07).

However, for the past one and a months, the index has dived down by a hundred points instead and we are back below the 3,300 level again. These 30 stocks in the Singapore stock market as a basket has been trading sideways for almost the past 5 years and the perceived euphoria a couple of months back has also died down. This fall is evident in my portfolio as even with a capital injection of about $4,000, the overall value of the portfolio has decreased by $2,000.

I generally don’t look at the stock prices everyday and sometimes, I only notice it when I do this monthly update. And boy was I surprised that all my holdings (except for SIA Eng) suffered a dip in price compared to a month ago. Nonetheless, a bumper dividend month with almost $2,000 of dividends did help to cushion this fall in paper value.

Cash is really getting tight these days, so much so that we transferred $2,000 from the CIMB account to increase our deposits in the OCBC 360 account.  😕

On the stock buying front, I am participating in my first rights issue with OCBC, with an allocation of 125 shares attractively priced at $7.65. Since SGX has decided to reduce the board lot size from 1,000 shares to 100 shares from next year, I decided to apply for a (not so greedy) amount of 75 excess shares to round the holdings up to 1,200 shares. But even then, with almost everyone I know applying for it, the odds of getting it is probably still less than 1%? 😆

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Dividends received in August 14: $1,781.50

Boustead: $450

SIA Eng: $360

Vicom: $350

Singtel: $200

Challenger: $181.50

First Reit: $160

Wilmar: $80

Dividends received YTD: $4,934.20

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Details of my updated portfolio are shown below.

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Stocks (As at 16th September 2014)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $6.090 $24,360 $0.2250 $900.00
Boustead 9,000 $1.775 $15,975 $0.0700 $630.00
Spindex 24,000 $0.545 $13,080 $0.0180 $432.00
Wilmar 4,000 $3.120 $12,480 $0.0800 $320.00
Semb Corp 2,000 $5.160 $10,320 $0.1700 $340.00
First Reit 8,000 $1.205 $9,640 $0.0752 $601.60
OCBC 1,000 $9.610 $9,610 $0.3400 $340.00
PLife Reit 4,000 $2.300 $9,200 $0.1128 $451.20
SIA Eng 2,000 $4.570 $9,140 $0.2500 $500.00
Kingsmen 10,000 $0.905 $9,050 $0.0400 $400.00
MTQ 6,000 $1.420 $8,520 $0.0400 $240.00
Challenger 16,500 $0.475 $7,838 $0.0225 $371.25
Singtel 2,000 $3.780 $7,560 $0.1680 $336.00
ST Engg 2,000 $3.620 $7,240 $0.1500 $300.00
SGX 1,000 $7.150 $7,150 $0.2800 $280.00
LKH 10,000 $0.645 $6,450 $0.0300 $300.00
Super 4,000 $1.355 $5,420 $0.0900 $180.00
Total $173,033 $6,922.05

Others (As at 16th September 2014)

Asset Valuation Est. Income
OCBC 360 Account $45,000 $1,350
Philip Sharebuilder $30,646 $700
CIMB Star Saver $12,080 $96
Total $87,726 $2,146

Total Valuation = $260,759

Total Est. Annual Income = $9,068.05

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

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    6 thoughts on “Passive Income Update: August 14

    1. B

      Hi 15hww

      I did a couple of divestment in my portfolio prior to this week recent dip, so that probably is going to be my warchest for now. Got a feeling that the market is rather confused with everything that is going on right now so I think it’s better to cash it up on some of the holdings.

      1. My 15 HWW Post author

        Hi B,

        On hindsight, I probably should have divested some of the stocks at their peak a couple of weeks/months back. But it’s really hard to time the market like this and I guess a better strategy for me is to buy that little bit more if the market remains confused and there are some bargains to be had.

    2. pf

      Why don’t you filled up 360 account to the brim of 50k?

      It makes my day to have $126 bucks of interest every month. 🙂

      1. My 15 HWW Post author

        Hi pf,

        As I mentioned, cash is pretty tight and I even had to decimate other accounts to fill it up to $45k.

        I could have transferred more to fill it up to the brim but since the Mrs pay is coming in soon, we should have no problem hitting the $50k mark by next month. It’s a hassle to transfer sometimes since I do not have ibanking for some accounts so maybe it’s alright to lugi that $10 of interest this month. =)

      1. My 15 HWW Post author

        Hi TI,

        Yes, it is. Maybe still not so wonderful for you yet but definitely useful for the one who has started work and pays the bills.