Passive Income Update: September 14

Firstly, some good news. 🙂

Amazingly, I was allocated the FULL 75 excess shares that I applied for during the OCBC rights issue. Together with the 125 shares I was allocated, I was able to get my hands on 200 shares at the bargain price of $7.65. So no odd lots come Jan 15. Furthermore, an additional $150 made just from the excess rights, yeah!

And I finally decided to close the Phillip Capital ShareBuilder Plan (will write more about the reasons in a later post) very early in the month when the STI was still hovering around the 3,300 mark. A bit lucky since the market has also fallen a fair bit since then. Sensing an opportunity, I recycled some of the cash by purchasing 4 lots of MTQ @$1.305 and 2 lots of M1 @$3.51 during the past 2 weeks.

Unfortunately, that’s where all the good news end as our stock portfolio suffered some hits again, similar to the previous month. After excluding the injections, I found out that it’s a 3% drop from last month which almost mirrors the STI’s fall. And this resulted in a reduction of the valuations by about $5,000. That’s an amount larger than my last drawn salary. But have to learn to accept >$5,000 drops since they will just become more and more common as the portfolio increases in size.  😕

Volatility in the markets is inevitable and fluctuations cut both ways. It’s just impossible to always expect months like this and this. *Shrugs*

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Dividends received in September 14: $606

Kingsmen: $150

MTQ: $120

PLife Reit: $116

Semb Corp: $100

ST Engg: $80

Super Group: $40

Dividends received YTD: $5,540.20

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Details of my updated portfolio are shown below.

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Stocks (As at 15th October 2014)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $5.920 $23,680 $0.2250 $900.00
Boustead 9,000 $1.740 $15,660 $0.0700 $630.00
Spindex 24,000 $0.560 $13,440 $0.0180 $432.00
Wilmar 4,000 $3.000 $12,000 $0.0800 $320.00
MTQ 10,000 $1.190 $11,900 $0.0440 $440.00
OCBC 1,200 $9.630 $11,556 $0.3400 $408.00
Semb Corp 2,000 $4.970 $9,940 $0.1700 $340.00
First Reit 8,000 $1.205 $9,640 $0.0752 $601.60
Kingsmen 10,000 $0.930 $9,300 $0.0400 $400.00
PLife Reit 4,000 $2.320 $9,280 $0.1075 $430.00
SIA Eng 2,000 $4.440 $8,880 $0.2500 $500.00
SingTel 2,000 $3.700 $7,400 $0.1680 $336.00
ST Engg 2,000 $3.590 $7,180 $0.1500 $300.00
Challenger 16,500 $0.435 $7,178 $0.0252 $415.80
M1 2,000 $3.470 $6,940 $0.2100 $420.00
SGX 1,000 $6.890 $6,890 $0.2800 $280.00
LKH 10,000 $0.640 $6,400 $0.0300 $300.00
Super Grp 4,000 $1.225 $4,900 $0.0450 $180.00
Total $182,164 $7,633.40

Others (As at 15th October 2014)

Asset Valuation Est. Income
OCBC 360 Account $50,000 $1,500
CIMB Star Saver $12,080 $96
Total $62,080 $1,596

Total Valuation = $244,244

Total Est. Annual Income = $9,229.40

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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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    2 thoughts on “Passive Income Update: September 14

    1. B

      This is time where capital can be recycled usefully 🙂 but given limited capital, better to be careful with the drop.

      1. My 15 HWW Post author

        Hi B,

        Yup. The SG market largely did not follow the US’s rise for the past couple of years and I was getting concerned when I realised the US market was like up >70% for the past 3-4 years.

        Hopefully, SG market can be slightly decoupled from the correction in the US market. Meanwhile, getting some bullets ready again.

        Good to hear from you and enjoy your trip in Europe! =)