Passive Income Update: February 15

For the past half a year, the valuations of this portfolio has hovered at around the $250K mark. With the market largely in a sideways trend and a reduction in the savings rate due to lower household income, this isn’t surprising. Nonetheless, the comforting part is that there is still a slow but gradual increase in not just the valuations, but the passive income too.  🙂

There’s some action in the past month as I sold off my Challenger holdings on 27 February @$0.505. As e-commerce develops in Singapore further, there’s bound to be some winners (eg.SingPost) and losers. I do believe that IT products is a category that will thrive in the e-commerce space and Challenger could be fighting a losing battle on that front. With Challenger reporting a credible set of results recently, the price ran up slightly and I took the opportunity to lock in these gains.

It has been largely a pleasant 4 year journey with Challenger. I still remember purchasing a conservative 11 lots of it when I was still a student. After accounting for the 1 for 2 bonus issues in 2012 and the generous dividends received for the past 4 years, the XIRR for this stock is a respectable 28%. Therefore, I can probably consider this to be my first 2-bagger.  😎

The proceeds went to my OCBC 360 Account and it seems a matter of a few months before both of us max out these two accounts concurrently. Ammunition is being reloaded and it’s really a matter of time before I fire a couple of shots again.

Till then. 😉

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Dividends received in February 15: $317.20

First REIT: $161.20

PLife Reit: $116

SGX; $40

Dividends received YTD: $697.20

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Details of my updated portfolio are shown below.

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Stocks (As at 16th March 2015)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $6.550 $26,200 $0.2250 $900.00
Kingsmen 17,000 $0.990 $16,830 $0.0400 $680.00
Boustead 9,000 $1.620 $14,580 $0.0700 $630.00
ST Engg 4,000 $3.450 $13,800 $0.1500 $600.00
Wilmar 4,000 $3.230 $12,920 $0.0800 $320.00
Semb Corp 3,000 $4.230 $12,690 $0.1700 $510.00
Spindex 24,000 $0.520 $12,480 $0.0180 $432.00
OCBC 1,200 $10.300 $12,360 $0.3400 $408.00
Dairy Farm 900 $13.300 $11,970 $0.3000 $270.00
First Reit 8,000 $1.360 $10,880 $0.0752 $601.60
PLife Reit 4,000 $2.310 $9,240 $0.1075 $430.00
MTQ 10,000 $0.860 $8,600 $0.0440 $440.00
LKH 10,000 $0.770 $7,700 $0.0300 $300.00
M1 2,000 $3.840 $7,680 $0.2100 $420.00
SGX 1,000 $7.600 $7,600 $0.2800 $280.00
Super Grp 4,000 $1.470 $5,880 $0.0450 $180.00
Total $191,410 $7,401.60

Others (As at 16th March 2015)

Asset Valuation Est. Income
OCBC 360 Account A $50,000 $1,500
OCBC 360 Account B $40,000 $800
Total $90,000 $2,300

Total Valuation = $281,410

Total Est. Annual Income = $9,701.60

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    13 thoughts on “Passive Income Update: February 15

    1. B

      Hi 15hww

      It seems you have been very busy lately with your new job 🙂

      I have just opened a 360 account this past weekend due to your influence, which you have now opened two accounts to take advantage of the great 3% interest. I think it’s a good way to build up a cash position and wait for the market to present an opportunity at the same time.

      Take care and greetings to Mrs 15hww 🙂

      1. My 15 HWW Post author

        Hi B,

        Yeah, you are right. I am spending my free time at night largely on work and thank goodness I ain’t really dreading that. 🙂

        Even though I have stopped commenting on other blogs for some time, I have not stopped reading the many posts of yours. Just that it’s really hard to write a good comment on the phone.

        And good that you taken the plunge with regards to the OCBC 360 Account. I am one of the biggest proponents of it and I recalled recommending it to you during our dinner some time back. 3% liquid and risk-free interest is a god-send!

        Thanks for the “publicity” on your blog too!

      1. My 15 HWW Post author

        Hi JYKL,

        You are right! That’s the only way to have two accounts and I put them there since this is a shared portfolio too!

    2. brena

      Hi, are any of the stock holdings from CPF investment scheme? care to share bout your CPF allocation too and would it be wise to invest the amt in OA and SA?

      thanks

      1. My 15 HWW Post author

        Hi brena,

        I have not participated in the CPFIS since I require my OA savings to service my mortgage loan and I feel that 4-5% interest on the SA account is really pretty decent considering it’s both effort-free and risk-free. 🙂

      1. My 15 HWW Post author

        Hi Jerry,

        Thanks for your kind words!

        I am pretty sure you and your gf are well and truly on the way to building good wealth too.

    3. Mickey J

      Hi 15hww,

      Congrats on the profits. I too, hold Challenger shares in my portfolio for the past 4 years and riding on the capital gains. It’s hard to pull the trigger to sell when dividends are growing annually. There’s definitely some homework for me to do before deciding what to do with these shares.

      Regards,
      Mickey

      1. Mickey J

        Correction: It looks like I’ve held the stock for more than 7 years. Participated in all the rights shares, warrants and bonus shares activities.

        1. My 15 HWW Post author

          Hi Mickey J,

          Then this stock must already be a multi-bagger for you!

          Make your own judgment especially since most of my sell decisions have since come back to haunt me! =p

      1. My 15 HWW Post author

        Hi Rolf,

        The more I have, I do sense the more risk averse I feel. When I had less than 10K or even 100K, I was definitely more gung-ho!