Passive Income Update: July 2015

The STI Index dropped close to 3% on Wednesday, one of the biggest one-day falls I have seen since I started investing in stocks. Even though the market rebounded slightly over the next two days, one could really smell the pessimism in the air and it’s anyone’s guess how next week’s market would perform.

My portfolio was not spared the bloodbath and even after including the $4,400 of dividends received thus far, returns are officially negative for this year. I only knew the potential impact of oil prices on my portfolio until it hit stocks like Sembcorp, Boustead and MTQ hard. And poor quarterly results continue to dog some of my more recent buys like Dairy Farm, Genting & Jardine C & C. *sigh*

And in line with the letter to myself, I made some purchases in the past month. 2,000 shares of STI ETF@$3.23 and 6,000 shares of Mapletree Commercial Trust @$1.31.

I am bullish on the long-term prospect of the properties held in MCT, especially after the port is relocated to Tuas somewhere in 2030. The CBD might stretch to the area and there would likely be a new Southern Waterfront City to boost the rentals.

As for the STI ETF, I exited my PhilipCapital ShareBuilder Plan close to a year ago and divested close to 8,000 shares. On hindsight, especially seeing what I bought with some of the proceeds, it was a mistake. A better option would have been to cash out half and transfer half to our CDP accounts. And since it dropped below our selling price, we proceeded to add a couple of lots to the portfolio.

Even though $15,000 was injected to the portfolio, the portfolio value still declined by about $2,500 from $199,254 in June to $196,819 this month. I guess I can console myself in the knowledge that I now own a higher proportion of the Singapore economy compared to the previous month. Oh well…

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Dividends received in July 15: $0

 

Dividends received YTD: $4,405.40

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Stocks (As at 16th August 2015)

Stock Share Amt Share Price Valuation Dividend Est. Income
Vicom 4,000 $6.170 $24,680 $0.2700 $1,080.00
Spindex 24,000 $0.615 $14,760 $0.0220 $528.00
Kingsmen 17,000 $0.860 $14,620 $0.0400 $680.00
ST Engg 4,000 $3.270 $13,080 $0.1500 $600.00
Wilmar 4,000 $3.020 $12,080 $0.0750 $300.00
OCBC 1,200 $9.760 $11,712 $0.3600 $432.00
First Reit 8,000 $1.380 $11,040 $0.0805 $644.00
Semb Corp 3,000 $3.590 $10,770 $0.1600 $480.00
PLife Reit 4,000 $2.410 $9,640 $0.1152 $460.80
Dairy Farm 900 $10.090 $9,081 $0.3200 $288.00
Boustead 9,000 $0.890 $8,010 $0.0400 $360.00
MCT 6,000 $1.325 $7,950 $0.0800 $480.00
SGX 1,000 $7.570 $7,570 $0.2800 $280.00
Genting 8,000 $0.795 $6,360 $0.0100 $80.00
STI ETF 2,000 $3.150 $6,300 $0.1000 $200.00
LKH 10,000 $0.620 $6,200 $0.0300 $300.00
M1 2,000 $3.040 $6,080 $0.1890 $378.00
Jardine C&C 200 $29.400 $5,880 $1.1093 $221.86
MTQ 10,000 $0.530 $5,300 $0.0400 $400.00
Super Grp 4,000 $0.900 $3,600 $0.0310 $124.00
Bou Proj 2,700 $0.780 $2,106 $0.0000 $0.00
Total $196,819 $8,316.66

Others (As at 16th August 2015)

Asset Valuation Est. Income
OCBC 360 Account $60,000 $1,320
FCL 3.65% Bonds $21,084 $767
Total $81,084 $2,087 

Total Valuation = $277,903

Total Est. Annual Income = $10,403.66

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    8 thoughts on “Passive Income Update: July 2015

    1. Halcyon Tomorrow

      Haha join the club. Most blue-chip heavy portfolios would have taken quite a big hit this month.

      Just curious, why MCT over CCT? I was looking at the both of them recently, and ended up doubling my stake in CCT instead of initiating a new position in MCT. My reasons being:

      CCT having a longer WALE, larger and more diversified tenant base, lower gearing, lower P/NAV and higher yield (at current prices) than MCT.

      All that said, I am a big fan of Vivocity too :p

      1. My 15 HWW Post author

        Hi Halcyon Tomorrow,

        Saw that you had a similar experience to mine. Topped up quite a bit yet the portfolio still ended lower than the previous month. Oh well…

        I was also looking at CCT too, considering its sharp drop in prices. I personally think that diversification might not be such a great thing for a REIT. Weaker assets will inevitably grouped together with better assets like Raffles City. There’s no doubt if CCT is only made up of assets like Raffles City, I would jump in without hesitation.

      1. My 15 HWW Post author

        Hi Halcyon Tomorrow,

        I generally don’t recommend monitoring the portfolio daily. Besides being ‘painful’, the pain could lead to us making rash decisions?

        1. Halcyon Tomorrow

          On the contrary, I think it builds character and resilience :p

          And it might help to spot good deals when they appear. Although whether they are good buys or not, only time will tell 🙂

          1. My 15 HWW Post author

            Hi HT,

            I don’t know. I am quite skeptical of rationalism. It’s hard to be rational all of the time and I am of the view that as one stares longer at the losses, he will be tempted to sell to “ease the pain”.