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.

6 Replies to “Passive Income Update: August 14”

  1. 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. 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.

    1. 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. 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.

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