Passive Income Farmer

2021 Portfolio Review (Part 2)

2022-01-02T03:17:00.008-08:00

Stock Market is a dangerous place. However, placing money in the bank would also erode value as the bank interest is near to nothing.

Portfolio Restructuring 2021:

A. Foundation Stocks (3, max 10%):
1. SGX
2. ParkwayLife Reit
3. UOB

B. Core Stocks (10, max 5%):

Decent dividends and healthy safety margin (%) from my break-even cost (including dividends):

1. Keppel DC Reit (102%)
2. OCBC (41%)
3. FCT (31%)
4. Frasers L&C Tr (77%)
5. AIMS APAC Reit (38%)
6. Mapletree Com Tr (43%)
7. Ascendas Reit (23%)
8. Starhill Global Reit (35%)
9. ST Engg (18%)
10. Mapletree Indust Tr (0%) (new addition in 2021, no safety margin built up yet)

C. Reserved list for Core Stocks (4, max 5%):

Decent dividends with healthy safety margin (%) from my break-even cost (including dividends). Not buying more and holding for further action.

1. CapitaLand I Comm Tr (51%) (Gearing > 40%)
2. Suntec Reit (34%) (Gearing > 40%)
3. Netlink NBN Tr (35%) (Growth opportunity other than from the so "big" Singapore?)
4. Cromwell Reit Euro (16%)

D. Turbo-chargers (3, max 3%):

Dividends boaster with healthy safety margin (%) from my break-even cost (including dividends):

1. KepPacOak Reit (43%)
2. Keppel InfraTr (43%)
3. Sasseur Reit (29%)

E. Bonds and ETFs:

Not looking at bonds and ETFs until now. Will research and probably increase allocation for this type of asset class in the future.

F. Deadwoods to trim:

To get rid of:

1. SingTel, current 0% gain (My first stock. Terrible, only at breakeven after so many years!)
2. CDL HTrust, current 16% gain
3. Sembcorp Indust, current 15% loss
4. Frasers Property, current 5% loss

Also, I will do quarterly review on the above allocation.

Wishing everyone Happy New Year and a Healthy and Prosperous 2022.

2021 Portfolio Review (Part 1)

2022-01-01T00:08:00.001-08:00

Working >50% time at home with minimal social gathering and meet-ups with friends, 2021 sped by like a rocket. I am not an artistic person and never imagine that I will be doing ART every week...(before going back to office).

Stayed in hospital for a week (not covid). This was a wake-up call for me. I start exercising 4-5 days a week, when not going back to office. Do feel improvement in personal health and fitness.

Well, time to do a final review on my portfolio's performace in 2021.

Top 30 positions of my portfolio at end 2021:
1. SGX
2. ParkwayLife Reit
3. UOB
4. Keppel DC Reit
5. OCBC
6. FCT
7. Frasers L&C Tr
8. AIMS APAC Reit
9. CapitaLand I Comm Tr
10. Mapletree Com Tr
11. Mapletree Indust Tr
12. Ascendas Reit
13. Keppel Corp
14. SPH Reit
15. Suntec Reit
16. CDL HTrust
17. Starhill Global Reit
18. SingTel
19. ST Engg
20. CapitaLand Invest
21. Keppel InfraTr
22. Bukit Sembawang
23. Cromwell Reit Euro
24. VICOM
25. Netlink NBN Tr
26. Sembcorp Indust
27. Frasers Property
28. UOB AP GRN REIT ETF
29. KepPacOak Reit
30. AstreaIVB4.35%

Total dividends collected in 2021: $19,218.30
Average monthly dividends: $1,601.52
Portfolio yield: 4.64%

Added in 2021:

ARA LOGOS Log Tr, MINT, SGX, ParkwayLife Reit, UOB, KDC, Cromwell Reit, MCT, SPH Reit, ST Engg, AIMS APAC Reit, UOB AP GRN REIT ETF.

Sold in 2021 (part of portfolio restructuring):

1. ARA HTrust (41.5% loss) (from initial investment including dividends):
- Victim of the Covid pandemic, zero dividend......
- Gearing near 50%, may ask for money......

2. SATS (42.1% gain)
- Another victim of the Covid pandemic, zero dividend......
- Took profit and money re-deployed to SGX and ParkwayLife Reit.

3. SIA Engg (30.5% loss)
- Another victim of the Covid pandemic, zero dividend......
- Trimmed as part of portfolio restructuring.
- Money re-deployed to UOB.

4. Silverlake Axis (32.2% loss)
- Trimmed as part of portfolio restructuring.
- Money re-deployed to UOB.

Good-bye (Delisted/Merger/Restructured):

1. Accordia Golf Trust (26.8% gain)
- Final payout received and delisted.

2. CapitaLand (31.7% gain)
- Restructured to new CapitaLand Invest.

3. ARA LOGOS Log Tr (55.5% gain)
- I have no confidence on the proposed merger with ESR Reit.
- Took profit and money re-deployed to ST Engg.

Top Dividend Contributors:

1. SGX (10.8%):
- SGX is the top counter in my portfolio and no surprise that it is the top dividend contributor. SGX has dividend payout every quarter, almost like a REIT.

2. UOB (6.6%):
- Good old UOB continues paying dividends.

3. FCT (6.2%):
- This sub-urban retail reit is doing fine in this difficult year. 3rd dividend contributor despite only #6 in my portfolio.

In 2020, the top 3 dividend contributors accounted for 26.7% of my total dividends. In 2021, the top 3 dividend contributors accounted for 23.6% of the total dividends.

Next, some New Year fun and amusement.

Dividend Yield Winners (龙虎榜):

1. KepPacOak Reit (8.63%):
- Could be next merger with......

2. Prime US Reit (8.52%)
- possible merging to form a bigger US REIT?

3. Sasseur Reit (8.45%)
- Small turbo-charger holding.

A return gain or loss will only be realised when I sell. The current unrealised return winners and losers:

Unrealised Return Winners (英雄榜):

1. Keppel DC Reit (102.3% gain):
- Added more this year to make up core stock weightage.

2. SGX (81.9% gain):
- Added more in 2021, funded from SATS.

3. Frasers L&C Tr (77.4% gain):
- Looking to add more in 2022.

Unrealised Return Losers (狗熊榜):

1. Duty Free Int'l (52.2% loss)
- Tiny holding, not worth selling.....

2. Sembcorp Indust (14.9% loss)
- Deadwood to remove...

3. Keppel Corp (9.5% loss)
- Still got hope?

I have too many counters and I decided to do a restructuring to my portfolio (more of this on Part 2......)

Wishing everyone Happy New Year and a Healthy and Prosperous 2022.

2020 Portfolio Review

2021-01-01T20:11:00.001-08:00

2020 was an unprecedented year. Many of us never expect that the medical advancement of mankind would ever face another pandemic like the Spanish flu 100 years ago...

Well, time to do a final review on my portfolio's performace in 2020.

Top 30 positions of my portfolio at end 2020:
1. SGX
2. ParkwayLife Reit
3. UOB
4. FCT
5. Keppel DC Reit
6. OCBC
7. CICT
8. Frasers L&C Tr
9. SATS
10. AIMS APAC Reit
11. Keppel Corp
12. Mapletree Com Tr
13. Ascendas Reit
14. CDL HTrust
15. Suntec Reit
16. SingTel
17. SPH Reit
18. Capitaland
19. Keppel InfraTr
20. Starhill Global Reit
21. VICOM
22. Bukit Sembawang
23. Netlink NBN Tr
24. Sembcorp Indust
25. ST Engg
26. SIA Engg
27. ARA LOGOS Log Tr
28. Cromwell Reit Euro
29. Frasers Property
30. AstreaIVB4.35%

Total dividends collected in 2020: $15,399.93
Average monthly dividends: $1,283.33 (10.1% down cf. 2019)
Portfolio yield: 3.92%

Well, 2020 was an unprecedented year. Many companies cut or stop dividends altogether and first time my annual dividend collected declined compared with previous year.

Good-bye (deadwood):

1. SPH (41.1% loss) (from initial investment including dividends):
- Past dividend angel but now a dinosaur going down the road to extinction.
- I am just too slow in clearing it out......

2. Sembcorp Marine
- Free shares from Sembcorp Industries......

Good-bye (Delisted/Merger):

1. Frasers Com Trust (64% gain):
- Merged with Frasers L&I Trust.

2. Accordia Golf Trust (23.4% gain):
- Will miss this Japanese Trust......

Top Dividend Contributors:

1. SGX (12.1%):
- SGX is the top counter in my portfolio and no surprise that it is the top dividend contributor. SGX has dividend payout every quarter, almost like a REIT.

2. UOB (8.5%):
- Good old UOB continues paying dividends.

3. AIMS APAC Reit (6.1%):
- This is a small but good REIT, hope there will be no merger or dislisting of this Reit in 2021. 3rd dividend contributor despite only #10 in my portfolio.

In 2019, the top 3 dividend contributors accounted for 24% of my total dividends. In 2020, the top 3 dividend contributors accounted for 26.7% of the total dividends.

Next, some New Year fun and amusement.

Dividend Yield Winners (龙虎榜):

1. ARA HTrust US (10.46%):
- Distressed hospitality trust......High yield due to the depressed stock price......

2. ARA LOGOS Log Tr (9.68%)
- ARA brand name again? Though need to pump in money for the first right issue in 2021......

3. Prime US Reit (9.07%)
- Small holding.

A return gain or loss will only be realised when I sell. The current unrealised return winners and losers:

Unrealised Return Winners (英雄榜):

1. Keppel DC Reit (165.4% gain):
- Did not add more as I already have sufficient exposure to the REIT sector.

2. SGX (101.1% gain):
- Will stay for dividends and growth.

3. Mapletree Com Tr (58.8% gain):
- Did not add more as I already have sufficient exposure to the REIT sector.

Unrealised Return Losers (狗熊榜):

1. Eagle HTrust (100% loss)
- Consider this a total loss.....

2. Duty Free Int'l (49.6% loss)
- Keep in cold storage.

3. ARA HTrust US (46.7% loss)
- Keep in cold storage.

Luckily these are the last 3 positions in my portfolio......

Wishing everyone Happy New Year and a Healthy and Prosperous 2021.

Portfolio Review - My REIT performance

2020-05-24T23:59:00.002-07:00

So the long awaited black swan, in the form of the invisible coronavirus, has finally arrives...

The event this year is unprecedented. How could we ever imagine such things as cross-border travel and businesses would come to almost a complete halt?

I have been through the Lehman brothers' crash, although my portfolio was very much smaller at that time. My REIT counters accounted for almost half of my portfolio this time, and it is time to do a review on their performace so far.

1. Industrial Reits
Grade A: Keppel DC Reit, Ascendas Reit, Frasers L&C Tr.
- Strong performance, still above my average price.

Grade B: Aims APAC Reit.
- In green territory, still above my cost price (with dividends collected).

Grade C: Cromwell Reit, ARA LOGOS Log Tr.
- In red territory, even with dividends accounted for.

Comment: Performance varies depends on the type and brand names. Cromwell Reit just does not have buffer from the dividend collected.

2. Healthcare Reit
Grade A: ParkwayLife Reit.

Comment: Least affected and as strong as ever. ParkwayLife Reit has climbed to number 4 in my portfolio.

3. Commercial Reit
Grade A: Mapletree Comm Tr.

Grade B: Suntec Reit, Kep Pac Oak Reit.

Grade C: Prime US Reit.

Comments: Prime US Reit just does not have buffer from the dividend collected. Performance of Commercial Reits down the road remains uncertain as WFH concept may become common.

4. Retail Reit
Grade B: CMT, FCT, Starhill Global Reit, Sasseur Reit, SPH Reit.

Grade C: Lendlease Reit.

Comment: Retail Reits badly affected and there is no Grade A performer here. And don't kid ourselves that everything will return to normal soon.

5. Hospitality Reit
Grade C: CDLHT, FEHT, ARA HT.

Grade D: Eagle HT (Dead).

Comment: Worst hit type of Reits. Though the Malaysian workers staying in Singapore offer minor relief to the hospitality sector. No sight on recovery.

6. Business Trust
Grade A: Netlink NBN Tr.

Grade B: Keppel Infra Tr, Accordia Golf Tr.

Comment: Infrastructure Trusts seem not much affected as they provide essential services. Impact on AGT uncertain but does not look good.

The prices on most of the Reits are very tempting, but I am not buying as I have quite a substantial exposure already.

2019 Portfolio Review

2020-01-01T01:19:00.000-08:00

I am becoming lazy to doing updates...

Time flies and 2019 is gone. All my tradings are done and all dividends are collected. It is time to do a final review on my portfolio's performace in 2019.

Top 30 positions of my portfolio at end 2019:
1. SGX
2. UOB
3. CMT
4. SATS
5. OCBC
6. FCT
7. Keppel DC Reit
8. ParkwayLife Reit
9. AIMS APAC Reit
10. Keppel Corp
11. CDL HTrust
12. Mapletree Com Tr
13. SPH
14. Suntec Reit
15. SingTel
16. SPH Reit
17. Frasers Com Tr
18. Ascendas Reit
19. Starhill Global Reit
20. Capitaland
21. Frasers L&I Tr
22. Keppel InfraTr
23. Bukit Sembawang
24. SIA Engg
25. Sembcorp Indust
26. VICOM
27. ST Engg
28. Frasers Property
29. Cache Log Tr
30. Netlink NBN Tr

Total dividends collected in 2019: $17,124.43
Average monthly dividends: $1,427.04 (7.2% up cf. 2018)
Portfolio yield: 4.78%

Top Dividend Contributors:

1. SGX (10.29%):
- SGX is the top counter in my portfolio and no surprise that it is the top dividend contributor. SGX has dividend payout every quarter, almost like a REIT.

2. UOB (7.64%):
- UOB has became 2nd in my portfolio.

3. AIMS APAC Reit (6.22%):
- Hope there will be no merger change to this Reit in 2020.

In 2018, the top 3 dividend contributors accounted for 23% of my total dividends. In 2019, the top 3 dividend contributors accounted for 24% of the total dividends. So, not much diversification achieved this year.

Next, some New Year fun and amusement.

Dividend Yield Winners (龙虎榜):

1. Sasseur Reit (9.54%):
- Small reit from China.....

2. KepPacOak Reit (9.50%)
- Commercial reit from USA.....

3. Duty Free Int'l (9.43%)
- My only holding outside the mainboard.

A return gain or loss will only be realised when I sell. The current unrealised return winners and losers:

Unrealised Return Winners (英雄榜):

1. Keppel DC Reit (97.6% gain):
- Unfortunately I did not buy more as I did not expect it to rise up so much in value.

2. SGX (88.4% gain):
- Will stay for dividends and growth.

3. Mapletree Com Tr (71.1% gain):
- Unfortunately I did not buy more as I did not expect it to rise up so much in value.

Unrealised Return Losers (狗熊榜):

1. Duty Free Int'l (41.4% loss)
- I probably should not have wandered outside the mainboard.

2. Eagle HTrust (31.4% loss)
- Keep in cold storage.

3. Sembcorp Industries (27.4% loss)
- Keep in cold storage.

Wishing everyone Happy New Year and a Prosperous 2020.

My Stock Portfolio @ end Aug 2019

2019-09-07T03:01:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	6,000	13.45	8.20
2	UOB	1,047	7.14	24.96
3	CapitaLand Mall Tr	9,000	6.52	2.65
4	FCT	7,000	5.26	2.75
5	SATS	4,000	5.25	4.80
6	OCBC Bank	1,499	4.36	10.65
7	ParkwayLife Reit	5,000	4.22	3.09
8	AIMS APAC Reit	10,584	4.08	1.41
9	CDL HTrust	9,000	3.94	1.60
10	Keppel DC Reit	7,400	3.70	1.83
11	Keppel Corp	2,300	3.67	5.84
12	SPH	6,000	3.26	1.99
13	Suntec Reit	5,800	3.06	1.93
14	Mapletree Com Tr	4,800	2.99	2.28
15	SingTel	3,190	2.76	3.17
16	SPH Reit	8,500	2.53	1.09
17	Starhill Global Reit	12,000	2.46	0.75
18	Frasers Com Tr	5,318	2.38	1.64
19	Frasers L&I Tr	6,000	2.00	1.22
20	CapitaLand	2,000	1.90	3.47
21	Keppel InfraTr	12,000	1.69	0.515
22	Ascendas Reit	2,000	1.68	3.08
23	Bukit Sembawang	1,000	1.39	5.07
24	Sembcorp Indust	1,800	1.02	2.07
25	SIA Engg	1,500	1.00	2.43
26	ST Engg	800	0.86	3.94
27	Frasers Property	1,800	0.86	1.75
28	Cache Log Tr	4,000	0.78	0.715
29	Netlink NBN Tr	3,000	0.73	0.89
30	Cromwell Euro Reit	3,000	0.62	0.495

Movement in my portfolio in Aug:-
Sold:- Nil
Bought:- Frasers Comm Tr (DRIP).

Dividends collected this month: $3,701.68
2019 avg dividends/month: $1,490.02 [8.35% up cf. 2018]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Bumper month in August. Missed my Dividend target of $4K again this August, as I had lost the contribution from Starhub and ParkwayLife Reit is paying in September.

2. Current worst performing counter: Duty Free Int'l (43.7% unrealised loss).

My Stock Portfolio @ end Jul 2019

2019-08-01T03:01:00.004-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	6,000	12.83	7.92
2	UOB	1,047	7.46	26.40
3	CapitaLand Mall Tr	9,000	6.37	2.62
4	SATS	4,000	5.21	4.82
5	FCT	7,000	4.93	2.61
6	OCBC Bank	1,499	4.67	11.54
7	AIMS APAC Reit	10,584	4.23	1.48
8	ParkwayLife Reit	5,000	4.13	3.06
9	CDL HTrust	9,000	3.99	1.64
10	Keppel Corp	2,300	3.97	6.40
11	SPH	6,000	3.58	2.21
12	Keppel DC Reit	7,400	3.42	1.71
13	Suntec Reit	5,800	2.99	1.91
14	SingTel	3,190	2.87	3.33
15	Mapletree Com Tr	4,800	2.68	2.07
16	Starhill Global Reit	12,000	2.58	0.795
17	SPH Reit	8,500	2.46	1.07
18	Frasers Com Tr	5,241	2.28	1.61
19	CapitaLand	2,000	1.95	3.62
20	Frasers L&I Tr	6,000	1.94	1.20
21	Ascendas Reit	2,000	1.65	3.06
22	Keppel InfraTr	12,000	1.65	0.51
23	Bukit Sembawang	1,000	1.48	5.50
24	Sembcorp Indust	1,800	1.14	2.34
25	SIA Engg	1,500	1.07	2.65
26	ST Engg	800	0.92	4.24
27	Frasers Property	1,800	0.88	1.81
28	Cache Log Tr	4,000	0.83	0.77
29	Netlink NBN Tr	3,000	0.70	0.865
30	Cromwell Euro Reit	3,000	0.63	0.51

Movement in my portfolio in Jul:-
Sold:- Nil
Bought:- Prime US Reit.

Dividends collected this month: $208.28
2019 avg dividends/month: $1,174.07 [15.5% up cf. 2018]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Advance distribution for FCT and Cromwell Euro Reit prevented the usual big "0" in July.

2. Current worst performing counter: Duty Free Int'l (36.7% unrealised loss).

My Stock Portfolio @ end Jun 2019

2019-07-02T04:53:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	6,000	12.76	7.92
2	UOB	1,047	7.35	26.13
3	CapitaLand Mall Tr	9,000	6.36	2.63
4	SATS	4,000	5.61	5.22
5	FCT	7,000	4.89	2.60
6	OCBC Bank	1,499	4.59	11.40
7	AIMS APAC Reit	10,584	4.12	1.45
8	Keppel Corp	2,300	4.11	6.66
9	ParkwayLife Reit	5,000	4.07	3.03
10	CDL HTrust	9,000	3.94	1.63
11	SPH	6,000	3.93	2.44
12	Keppel DC Reit	7,400	3.32	1.67
13	Suntec Reit	5,800	3.02	1.94
14	SingTel	3,190	3.00	3.50
15	Mapletree Com Tr	4,800	2.69	2.09
16	Starhill Global Reit	12,000	2.50	0.775
17	SPH Reit	8,500	2.44	1.07
18	Frasers Com Tr	5,241	2.35	1.67
19	Frasers L&I Tr	6,000	1.95	1.21
20	CapitaLand	2,000	1.90	3.53
21	Ascendas Reit	2,000	1.68	3.12
22	Keppel InfraTr	12,000	1.63	0.505
23	Bukit Sembawang	1,000	1.55	5.77
24	Sembcorp Indust	1,800	1.16	2.41
25	SIA Engg	1,500	1.01	2.51
26	Frasers Property	1,800	0.90	1.87
27	ST Engg	800	0.89	4.14
28	Cache Log Tr	4,000	0.85	0.79
29	Netlink NBN Tr	3,000	0.72	0.89
30	Silverlake Axis	4,500	0.65	0.535

Movement in my portfolio in Jun:-
Sold:- Nil
Bought:- Astrea VB3.85%, AGT, FCT (Rights).
DRIP: FEHT, AIMS APAC Reit, OCBC.
Dividends collected this month: $1,073.18
2019 avg dividends/month: $1,335.04 [12.6% up cf. 2018]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. I am wrong in my assumption that no new IPO is in the near future. What, another US REIT is coming!

2. Current worst performing counter: Duty Free Int'l (36.4% unrealised loss).

My Stock Portfolio @ end May 2019

2019-06-04T19:15:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	6,000	12.87	7.38
2	UOB	1,047	7.15	23.50
3	CapitaLand Mall Tr	9,000	6.31	2.41
4	SATS	4,000	5.90	5.07
5	OCBC Bank	1,467	4.51	10.57
6	ParkwayLife Reit	5,000	4.35	2.99
7	FCT	6,000	4.22	2.42
8	CDL HTrust	9,000	4.21	1.61
9	AIMS APAC Reit	10,376	4.19	1.39
10	SPH	6,000	4.08	2.34
11	Keppel Corp	2,300	4.03	6.03
12	Keppel DC Reit	7,400	3.36	1.56
13	Suntec Reit	5,800	3.07	1.82
14	SingTel	3,190	2.97	3.20
15	Mapletree Com Tr	4,800	2.67	1.91
16	SPH Reit	8,500	2.57	1.04
17	Starhill Global Reit	12,000	2.56	0.735
18	Frasers Com Tr	5,241	2.29	1.50
19	Frasers L&I Tr	6,000	1.99	1.14
20	CapitaLand	2,000	1.87	3.22
21	Ascendas Reit	2,000	1.70	2.92
22	Keppel InfraTr	12,000	1.62	0.465
23	Bukit Sembawang	1,000	1.62	5.58
24	Sembcorp Indust	1,800	1.26	2.41
25	SIA Engg	1,500	1.06	2.42
26	Frasers Property	1,800	0.94	1.80
27	ST Engg	800	0.91	3.91
28	Cache Log Tr	4,000	0.84	0.725
29	Netlink NBN Tr	3,000	0.72	0.83
30	Silverlake Axis	4,500	0.69	0.53

Movement in my portfolio in May:-
Sold:- Nil
Bought:- ARA HTr, Eagle HTr, Frasers Com Tr (DRIP).
Dividends collected this month: $3,033.71
2019 avg dividends/month: $1,240.83 [7.8% up cf. 2018]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Late update this month as my soul went to Madrid for the Champion League Final and then over to Liverpool for the victory parade.

2. Bumper month in May. Despite the loss of contribution from Starhub, May's dividend exceeded $3K for the first time in my journey.

3. Bought ARA HTr and Eagle HTr from IPO. They will contribute to my not too productive months of March and September in the future.

4. With the looming trade war, guess won't be any new IPO in the near future. Reserving some bullets for the coming FCT preferential offering and the new Astrea bond.

5. Current worst performing counter: Duty Free Int'l (36.4% unrealised loss).

My Stock Portfolio @ end Apr 2019

2019-05-04T03:04:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	6,000	12.52	7.38
2	UOB	1,047	8.24	27.83
3	CapitaLand Mall Tr	9,000	6.16	2.42
4	SATS	4,000	5.92	5.23
5	OCBC Bank	1,467	5.02	12.10
6	Keppel Corp	2,300	4.40	6.77
7	SPH	6,000	4.26	2.51
8	AIMS APAC Reit	10,376	4.17	1.42
9	ParkwayLife Reit	5,000	4.09	2.89
10	CDL HTrust	9,000	4.07	1.60
11	FCT	6,000	4.06	2.39
12	Keppel DC Reit	7,400	3.16	1.51
13	Suntec Reit	5,800	3.03	1.85
14	SingTel	3,190	2.86	3.17
15	Mapletree Com Tr	4,800	2.62	1.93
16	Starhill Global Reit	12,000	2.58	0.76
17	SPH Reit	8,500	2.48	1.03
18	Frasers Com Tr	5,157	2.16	1.48
19	Frasers L&I Tr	6,000	2.00	1.18
20	CapitaLand	2,000	2.00	3.53
21	Ascendas Reit	2,000	1.70	3.00
22	Keppel InfraTr	12,000	1.61	0.475
23	Bukit Sembawang	1,000	1.61	5.69
24	Sembcorp Indust	1,800	1.35	2.66
25	SIA Engg	1,500	1.06	2.50
26	Frasers Property	1,800	0.95	1.86
27	ST Engg	800	0.90	3.96
28	Cache Log Tr	4,000	0.86	0.76
29	Netlink NBN Tr	3,000	0.70	0.83
30	Silverlake Axis	4,500	0.66	0.52

Movement in my portfolio in Apr:-
Sold:- Nil
Bought:- CDLHT, Keppel Infra Tr (Rights).
Dividends collected this month: $77.19
2019 avg dividends/month: $792.61 [14% up cf. 2018]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Advance distribution for Keppel Infra Trust prevented the usual big "0" in April. Been such a long time since the beginning of CitySpring.

2. May is an important month, as many of my holdings are paying dividends. Likely around $3K for me although I will miss the contribution from Starhub.

3. Current worst performing counter: Duty Free Int'l (32.6% unrealised loss).

My Stock Portfolio @ end Mar 2019

2019-04-02T06:05:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	6,000	12.88	7.31
2	UOB	1,047	7.75	25.19
3	CapitaLand Mall Tr	9,000	6.29	2.38
4	SATS	4,000	6.00	5.11
5	OCBC Bank	1,467	4.76	11.05
6	AIMSAMPI Cap Ind R	10,376	4.33	1.42
7	ParkwayLife Reit	5,000	4.29	2.92
8	SPH	6,000	4.25	2.41
9	Keppel Corp	2,300	4.20	6.22
10	FCT	6,000	4.20	2.38
11	Suntec Reit	5,800	3.32	1.95
12	Keppel DC Reit	7,400	3.26	1.50
13	CDL HTrust	6,800	3.26	1.63
14	SingTel	3,190	2.83	3.02
15	Mapletree Com Tr	4,800	2.67	1.89
16	SPH Reit	8,500	2.62	1.05
17	Starhill Global Reit	12,000	2.57	0.73
18	Frasers Com Tr	5,157	2.24	1.48
19	CapitaLand	2,000	2.14	3.65
20	Frasers L&I Tr	6,000	2.04	1.16
21	Ascendas Reit	2,000	1.71	2.91
22	Bukit Sembawang	1,000	1.66	5.65
23	Sembcorp Indust	1,800	1.35	2.55
24	Keppel InfraTr	9,000	1.23	0.465
25	SIA Engg	1,500	1.08	2.46
26	Frasers Property	1,800	0.96	1.81
27	ST Engg	800	0.88	3.74
28	Cache Log Tr	4,000	0.88	0.745
29	Netlink NBN Tr	3,000	0.73	0.83
30	Silverlake Axis	4,500	0.71	0.54

Movement in my portfolio in Mar:-
Sold:- Nil
Bought:- SGX, Keppel Corp; DRIP: FCOT, FEHT, AIMSAMPI Cap Ind Reit.
Dividends collected this month: $874.67
2019 avg dividends/month: $1,031.08 [11.2% up cf. 2018]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Dividend collected in 1Q 2019 resumed the YOY uptrend after the Keppel DC Reit and Frasers Com Trust dividends in March.

2. Invested the Starhub money into SGX and Keppel Corp.

3. Current worst performing counter: SIA Engg (32.2% unrealised loss).

My Stock Portfolio @ end Feb 2019

2019-03-02T04:32:00.001-08:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,500	13.01	7.84
2	UOB	1,047	7.90	25.02
3	CapitaLand Mall Tr	9,000	6.52	2.40
4	SATS	4,000	6.19	5.13
5	OCBC Bank	1,467	4.89	11.06
6	SPH	6,000	4.45	2.46
7	ParkwayLife Reit	5,000	4.33	2.87
8	AIMSAMPI Cap Ind R	10,190	4.30	1.40
9	FCT	6,000	4.14	2.29
10	Suntec Reit	5,800	3.38	1.93
11	Keppel DC Reit	7,400	3.28	1.47
12	CDL HTrust	6,800	3.24	1.58
13	Keppel Corp	1,600	2.97	6.16
14	SingTel	3,190	2.91	3.02
15	SPH Reit	8,500	2.64	1.03
16	Mapletree Com Tr	4,800	2.56	1.77
17	Starhill Global Reit	12,000	2.52	0.695
18	Frasers Com Tr	5,074	2.28	1.49
19	CapitaLand	2,000	2.06	3.42
20	Frasers L&I Tr	6,000	1.99	1.10
21	Bukit Sembawang	1,000	1.71	5.67
22	Ascendas Reit	2,000	1.69	2.80
23	Sembcorp Indust	1,800	1.42	2.62
24	Keppel InfraTr	9,000	1.40	0.515
25	SIA Engg	1,500	1.10	2.42
26	Frasers Property	1,800	0.93	1.72
27	ST Engg	800	0.90	3.74
28	Cache Log Tr	4,000	0.86	0.715
29	Silverlake Axis	4,500	0.77	0.57
30	Netlink NBN Tr	3,000	0.72	0.80

Movement in my portfolio in Feb:-
Sold:- Starhub
Bought:- UOB
Dividends collected this month: $2,001.64
2019 avg dividends/month: $1,109.28 [10.2% down cf. 2018]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Dividend collected in Feb down due to Keppel DC Reit and Frasers Com Trust paying dividends in March, instead of the usual payment in Feb.

2. Sold all my remaining Starhub and realised a loss. Once upon a time, Starhub was my top holding and made up more than 20% of my portfolio. Perhaps I am too sentimental as Starhub was also the first stock I purchased after setting up the online stock platform. I am very bad at selling but I do hope Starhub will not go the way of Rickmers, Noble Group and Hyflux that I had sold in the past.

3. Current worst performing counter: Duty Free Int'l (34.9% unrealised loss).

My Stock Portfolio @ end Jan 2019

2019-02-01T03:52:00.002-08:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,500	12.57	7.64
2	UOB	947	7.14	25.19
3	CapitaLand Mall Tr	9,000	6.46	2.40
4	SATS	4,000	5.79	4.84
5	OCBC Bank	1,467	5.05	11.51
6	SPH	6,000	4.50	2.51
7	ParkwayLife Reit	5,000	4.29	2.87
8	AIMSAMPI Cap Ind R	10,190	4.21	1.38
9	FCT	6,000	4.11	2.29
10	CDL HTrust	6,800	3.40	1.67
11	Suntec Reit	5,800	3.35	1.93
12	Keppel DC Reit	7,400	3.19	1.44
13	Keppel Corp	1,600	2.92	6.10
14	SingTel	3,190	2.88	3.02
15	SPH Reit	8,500	2.62	1.03
16	Starhill Global Reit	12,000	2.57	0.715
17	Mapletree Com Tr	4,800	2.53	1.76
18	Frasers Com Tr	5,074	2.26	1.49
19	Starhub	4,000	2.13	1.78
20	CapitaLand	2,000	1.99	3.33
21	Frasers L&I Tr	6,000	1.94	1.08
22	Bukit Sembawang	1,000	1.68	5.61
23	Ascendas Reit	2,000	1.64	2.74
24	Sembcorp Indust	1,800	1.39	2.59
25	Keppel InfraTr	9,000	1.37	0.51
26	SIA Engg	1,500	1.11	2.48
27	Frasers Property	1,800	0.97	1.81
28	ST Engg	800	0.89	3.72
29	Cache Log Tr	4,000	0.87	0.73
30	Netlink NBN Tr	3,000	0.70	0.785

Movement in my portfolio in Jan:-
Sold:- Starhub (partial)
Bought:- FCT, UOB.
Dividends collected this month: $216.92
2019 avg dividends/month: $216.92 [47.2% down cf. 2018]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Dividend collected in Jan down due to the absence of AIMSAMPI Cap Ind Reit's advance distribution that was paid in Jan 2018.

2. Reduced my exposure on Starhub, which dropped to number 19.

3. Current worst performing counter: Duty Free Int'l (32.3% unrealised loss).

My Stock Portfolio @ end Dec 2018

2019-01-02T03:47:00.000-08:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,500	12.42	7.15
2	UOB	847	6.57	24.57
3	CapitaLand Mall Tr	9,000	6.43	2.26
4	SATS	4,000	5.89	4.66
5	OCBC Bank	1,467	5.22	11.26
6	SPH	6,000	4.45	2.35
7	AIMSAMPI Cap Ind R	10,190	4.28	1.33
8	ParkwayLife Reit	5,000	4.15	2.63
9	Starhub	7,000	3.87	1.75
10	Suntec Reit	5,800	3.26	1.78
11	FCT	4,700	3.22	2.17
12	Keppel DC Reit	7,400	3.16	1.35
13	CDL HTrust	6,800	3.14	1.46
14	Keppel Corp	1,600	2.99	5.91
15	SingTel	3,190	2.95	2.93
16	SPH Reit	8,500	2.69	1.00
17	Starhill Global Reit	12,000	2.58	0.68
18	Mapletree Com Tr	4,800	2.50	1.65
19	Frasers Com Tr	5,074	2.20	1.37
20	CapitaLand	2,000	1.96	3.11
21	Frasers L&I Tr	6,000	1.95	1.03
22	Bukit Sembawang	1,000	1.78	5.65
23	Ascendas Reit	2,000	1.62	2.57
24	Sembcorp Indust	1,800	1.44	2.54
25	Keppel InfraTr	9,000	1.38	0.485
26	SIA Engg	1,500	1.08	2.27
27	Frasers Property	1,800	0.94	1.65
28	ST Engg	800	0.88	3.49
29	Cache Log Tr	4,000	0.88	0.695
30	Netlink NBN Tr	3,000	0.72	0.765

Movement in my portfolio in Dec:-
Sold:- Nil
Bought:- ParkwayLife Reit, AIMSAMPI Cap Ind Reit (DRIP), Cromwell Europe Reit (rights).
Dividends collected this month: $1,164.17
2018 avg dividends/month: $1,331.23 [17.6% up cf. 2017]
Portfolio yield: 5.10%

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Not a good year in 2018. Though the dividends collected more than offset the decline in portfolio value.

2. UOB and CMT replaced SPH and Starhub as my foundation stocks. SPH is now number 6 and Starhub number 9 respectively.

3. Current worst performing counter: SIA Engg (36.4% unrealised loss).

2018 Portfolio Review: Winners and Losers

2018-12-31T01:41:00.000-08:00

Time flies and 2018 is gone. All my tradings are done and all dividends are collected. It is time to review my portfolio's winners and losers in 2018.

2018 is not a good year for me, my portfolio ended the year in red. However, the comforting fact is that the dividends collected more than offset the lost in portfolio values.

Top Dividend Contributors:

1. SGX (9.73%):
- SGX is the top counter in my portfolio and no surprise that it is the top dividend contributor. SGX has dividend payout every quarter, almost like a REIT.

2. Starhub (7.01%):
- One of the counters that depreciated much in value.

3. CMT (6.60%):
- Retail Reit is not just retail. F&B accounted for about one-third of the leased spaces.

Dethroned: Starhub (2017).

In 2017, the top 3 dividend contributors accounted for 24% of my total dividends. In 2018, the top 3 dividend contributors accounted for 23% of the total dividends. So, not much diversification achieved this year.

Next, some New Year fun and amusement.

Dividend Yield Winners (龙虎榜):

1. Duty Free Int'l (9.18%):
- The smallest of my holdings.

2. Starhub (9.14%)
- Great depreciation in price.
- Just wonder whether dividend would be cut again?

3. Cache Logistics Trust (8.63%)
- One of my tiny holdings.
- Probably will get more in 2018.

Dethroned: AIMSAMPI Capital Industrial Reit (2017).

Dividend Yield Losers (老鼠榜):

1. Sembcorp Industries (1.57%):
- Dividend cut...

2. Cromwell Europe Reit (1.96%):
- CER is here because it only distributed one dividend payout.

3. Sasseur Reit (2.44%):
- Same. Only one dividend payout.

Dethroned: Bukit Sembawang (2017).

A return gain or loss will only be realised when I sell. The current unrealised return winners and losers:

Unrealised Return Winners (英雄榜):

1. SGX (60.4% gain):
- This is one of my foundation stocks and will remain for keep.
- SGX retains the trophy for this category.

2. SATS (52.6% gain):
- Will stay for dividends and growth.

3. CMT (45% gain):
- Replaced Starhub and SPH as one of my foundation stocks.
- Will stay for dividends.

Unrealised Return Losers (狗熊榜):

1. SIA Engg (36.4% loss)
- Price continues declining trend in 2018.
- Still pondering whether to add more or not?
- SIA Engg retains the trophy for this category.

2. Duty Free Int'l (34.9% loss)
- I probably should not have wandered outside the mainboard.

3. Sembcorp Industries (21.6% loss)
- Keep in cold storage.

Wishing everyone Happy New Year and a Prosperous 2019.

My Stock Portfolio @ end Nov 2018

2018-12-08T03:59:00.000-08:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,500	12.67	7.32
2	UOB	847	6.70	25.15
3	CapitaLand Mall Tr	9,000	6.37	2.25
4	SATS	4,000	6.03	4.79
5	OCBC Bank	1,467	5.20	11.26
6	SPH	6,000	4.98	2.64
7	AIMSAMPI Cap Ind R	10,000	4.28	1.36
8	Starhub	7,000	4.19	1.90
9	Suntec Reit	5,800	3.21	1.76
10	CDL HTrust	6,800	3.21	1.50
11	FCT	4,700	3.19	2.16
12	Keppel DC Reit	7,400	3.17	1.36
13	SingTel	3,190	3.09	3.08
14	ParkwayLife Reit	3,600	3.08	2.72
15	Keppel Corp	1,600	3.05	6.06
16	SPH Reit	8,500	2.67	1.00
17	Starhill Global Reit	12,000	2.53	0.67
18	Mapletree Com Tr	4,800	2.51	1.66
19	Frasers Com Tr	5,074	2.20	1.38
20	Frasers L&I Tr	6,000	2.00	1.06
21	CapitaLand	2,000	1.96	3.12
22	Bukit Sembawang	1,000	1.75	5.55
23	Ascendas Reit	2,000	1.62	2.57
24	Sembcorp Indust	1,800	1.48	2.61
25	Keppel InfraTr	9,000	1.30	0.46
26	SIA Engg	1,500	1.18	2.49
27	Frasers Property	1,800	0.92	1.63
28	ST Engg	800	0.89	3.55
29	Cache Log Tr	4,000	0.89	0.705
30	Netlink NBN Tr	3,000	0.73	0.775

Movement in my portfolio in Nov:-
Sold:- Nil
Bought:- UOB, FCOT (DRIP), Keppel-KBS US Reit (rights).
Dividends collected this month: $2,239.67
2018 avg dividends/month: $1,346.41 [19.8% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Mini-bear market? Took the opportunity to add more UOB.

2. November's dividends crossed $2K for the first time.

3. Current worst performing counter: Duty Free Int'l (34.4% unrealised loss).

My Stock Portfolio @ end Oct 2018

2018-11-03T01:48:00.001-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,500	12.17	6.84
2	SATS	4,000	6.45	4.98
3	CapitaLand Mall Tr	9,000	6.14	2.11
4	UOB	747	5.89	24.38
5	SPH	6,000	5.14	2.65
6	OCBC Bank	1,467	5.10	10.74
7	AIMSAMPI Cap Ind R	10,000	4.34	1.34
8	Starhub	7,000	4.26	1.88
9	Suntec Reit	5,800	3.32	1.77
10	FCT	4,700	3.28	2.16
11	SingTel	3,190	3.26	3.16
12	Keppel Corp	1,600	3.21	6.20
13	CDL HTrust	6,800	3.19	1.45
14	Keppel DC Reit	7,400	3.18	1.33
15	ParkwayLife Reit	3,600	3.03	2.60
16	SPH Reit	8,500	2.71	0.985
17	Starhill Global Reit	12,000	2.60	0.67
18	Mapletree Com Tr	4,800	2.50	1.61
19	Frasers Com Tr	4,987	2.21	1.37
20	CapitaLand	2,000	2.08	3.14
21	Frasers L&I Tr	6,000	1.98	1.02
22	Bukit Sembawang	1,000	1.73	5.35
23	Sembcorp Indust	1,800	1.64	2.82
24	Ascendas Reit	2,000	1.63	2.52
25	SIA Engg	1,500	1.37	2.83
26	Keppel InfraTr	9,000	1.34	0.46
27	Frasers Property	1,800	0.92	1.58
28	ST Engg	800	0.92	3.55
29	Cache Log Tr	4,000	0.89	0.685
30	Netlink NBN Tr	3,000	0.76	0.78

Movement in my portfolio in Oct:-
Sold:- Nil
Bought:- SGX, OCBC (DRIP).
Dividends collected this month: $1,182.60
2018 avg dividends/month: $1,257.09 [18.3% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Mini-bear market? Hopefully... Took the opportunity to add more SGX.

2. October's dividends crossed $1K for the first time.

3. Current worst performing counter: Duty Free Int'l (35.2% unrealised loss).

My Stock Portfolio @ end Sep 2018

2018-10-01T06:13:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,000	11.38	7.37
2	SATS	4,000	6.45	5.22
3	UOB	747	6.25	27.08
4	CapitaLand Mall Tr	9,000	6.17	2.22
5	SPH	6,000	5.32	2.87
6	OCBC Bank	1,438	5.08	11.44
7	AIMSAMPI Cap Ind R	10,000	4.32	1.40
8	Starhub	7,000	4.04	1.87
9	Suntec Reit	5,800	3.46	1.93
10	Keppel Corp	1,600	3.44	6.96
11	CDL HTrust	6,800	3.36	1.60
12	FCT	4,700	3.30	2.27
13	SingTel	3,190	3.19	3.24
14	Keppel DC Reit	7,400	3.13	1.37
15	ParkwayLife Reit	3,600	3.00	2.70
16	SPH Reit	8,500	2.63	1.00
17	Starhill Global Reit	12,000	2.58	0.695
18	Mapletree Com Tr	4,800	2.39	1.61
19	Frasers Com Tr	4,987	2.25	1.46
20	CapitaLand	2,000	2.08	3.37
21	Frasers L&I Tr	6,000	1.98	1.07
22	Bukit Sembawang	1,000	1.78	5.77
23	Sembcorp Indust	1,800	1.72	3.09
24	Ascendas Reit	2,000	1.63	2.64
25	Keppel InfraTr	9,000	1.38	0.495
26	SIA Engg	1,500	1.37	2.95
27	Frasers Property	1,800	0.94	1.69
28	Cache Log Tr	4,000	0.91	0.735
29	ST Engg	800	0.88	3.56
30	Netlink NBN Tr	3,000	0.72	0.78

Movement in my portfolio in Sept:-
Sold:- Nil
Bought:- CapitaLand Mall Tr.
Dividends collected this month: $387.09

2018 avg dividends/month: $1,265.36 [13.8% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Market mini turnaround in September? Or just quarter-end window dressing?

2. Maiden dividend fruits collected from Cromwell Euro Reit, Keppel-KBS US Reit and Sasseur Reit. However, the fruits from the US and China trees got a bad taste (both gone below their IPO price). Perhaps because of the quarrel between USA and China now. HaHa.

2. Current worst performing counter: Duty Free Int'l (33.8% unrealised loss).

My Stock Portfolio @ end Aug 2018

2018-09-01T01:47:00.001-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,000	11.71	7.41
2	SATS	4,000	6.41	5.07
3	UOB	747	6.39	27.06
4	SPH	6,000	5.31	2.80
5	CapitaLand Mall Tr	7,800	5.27	2.14
6	OCBC Bank	1,438	5.13	11.30
7	AIMSAMPI Cap Ind R	10,000	4.42	1.40
8	Starhub	7,000	3.58	1.62
9	Suntec Reit	5,800	3.43	1.87
10	FCT	4,800	3.42	2.30
11	CDL HTrust	6,800	3.35	1.56
12	Keppel Corp	1,600	3.30	6.53
13	SingTel	3,190	3.26	3.23
14	Keppel DC Reit	7,400	3.16	1.35
15	ParkwayLife Reit	3,600	3.05	2.68
16	SPH Reit	8,500	2.69	1.00
17	Starhill Global Reit	12,000	2.64	0.695
18	Mapletree Com Tr	4,800	2.47	1.63
19	Frasers Com Tr	4,987	2.24	1.42
20	CapitaLand	2,000	2.17	3.43
21	Frasers L&I Tr	6,000	2.09	1.10
22	Bukit Sembawang	1,000	1.92	6.08
23	Ascendas Reit	2,000	1.73	2.74
24	Sembcorp Indust	1,800	1.55	2.73
25	Keppel InfraTr	9,000	1.48	0.52
26	SIA Engg	1,500	1.40	2.95
27	Frasers Property	1,800	0.95	1.67
28	Cache Log Tr	4,000	0.94	0.74
29	ST Engg	800	0.84	3.34
30	Netlink NBN Tr	3,000	0.75	0.79

Movement in my portfolio in Aug:-
Sold:- Nil
Bought:- UOB, FCOT (DRIP).
Dividends collected this month: $3,884.71

2018 avg dividends/month: $1,375.15 [15.6% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Bumper month in August. New highest record dividend fruits harvested. Dividends should have exceeded $4K, if OCBC pays its dividend in August like in 2017.

2. Current worst performing counter: Duty Free Int'l (34.1% unrealised loss).

My Stock Portfolio @ end Jul 2018

2018-08-03T05:51:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	5,000	11.73	7.44
2	SATS	4,000	6.55	5.19
3	UOB	647	5.51	27.02
4	SPH	6,000	5.51	2.91
5	CapitaLand Mall Tr	7,800	5.31	2.16
6	OCBC Bank	1,438	5.25	11.57
7	AIMSAMPI Cap Ind R	10,000	4.45	1.41
8	Starhub	7,000	3.80	1.72
9	CDL HTrust	6,800	3.47	1.62
10	Keppel Corp	1,600	3.47	6.87
11	Suntec Reit	5,800	3.37	1.84
12	FCT	4,700	3.37	2.27
13	Keppel DC Reit	7,400	3.29	1.41
14	SingTel	3,190	3.23	3.21
15	ParkwayLife Reit	3,600	3.13	2.76
16	SPH Reit	8,500	2.68	1.00
17	Starhill Global Reit	12,000	2.65	0.70
18	Mapletree Com Tr	4,800	2.45	1.62
19	Frasers Com Tr	4,904	2.20	1.42
20	CapitaLand	2,000	2.04	3.23
21	Frasers L&I Tr	6,000	1.99	1.05
22	Bukit Sembawang	1,000	1.76	5.59
23	Ascendas Reit	2,000	1.73	2.75
24	Sembcorp Indust	1,800	1.52	2.68
25	Keppel InfraTr	9,000	1.48	0.52
26	SIA Engg	1,500	1.41	2.97
27	Cache Log Tr	4,000	0.98	0.775
28	Frasers Property	1,800	0.96	1.69
29	ST Engg	800	0.86	3.42
30	Netlink NBN Tr	3,000	0.73	0.77

Movement in my portfolio in Jul:-
Sold:- Nil
Bought:- SGX
Dividends collected this month: $0

2018 avg dividends/month: $1,016.64 [16% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Top up SGX to the nearest thousand shares, just before their announcement on the final dividend in Oct and the increase in dividend payouts starting 2019.

2. Big fat "0" dividend in July. On a brighter side, I am looking forward breaking my highest dividend harvest in August.

3. Current worst performing counter: Duty Free Int'l (33.2% unrealised loss).

My Stock Portfolio @ end Jun 2018

2018-07-01T05:41:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,800	11.21	7.17
2	SATS	4,000	6.51	5.00
3	UOB	647	5.64	26.76
4	OCBC Bank	1,438	5.45	11.64
5	CapitaLand Mall Tr	7,800	5.26	2.07
6	SPH	6,000	5.08	2.60
7	AIMSAMPI Cap Ind R	10,000	4.49	1.38
8	Starhub	7,000	3.78	1.66
9	Keppel Corp	1,600	3.73	7.15
10	CDL HTrust	6,800	3.48	1.57
11	FCT	4,700	3.38	2.21
12	Keppel DC Reit	7,400	3.28	1.36
13	Suntec Reit	5,800	3.27	1.73
14	SingTel	3,190	3.20	3.08
15	ParkwayLife Reit	3,600	3.19	2.72
16	SPH Reit	8,500	2.74	0.99
17	Starhill Global Reit	12,000	2.52	0.645
18	Mapletree Com Tr	4,800	2.45	1.57
19	Frasers Com Tr	4,904	2.20	1.38
20	CapitaLand	2,000	2.06	3.16
21	Frasers L&I Tr	6,000	2.05	1.05
22	Bukit Sembawang	1,000	1.88	5.78
23	Ascendas Reit	2,000	1.72	2.64
24	Sembcorp Indust	1,800	1.61	2.75
25	SIA Engg	1,500	1.53	3.14
26	Keppel InfraTr	9,000	1.52	0.52
27	Cache Log Tr	4,000	1.00	0.77
28	Frasers Property	1,800	0.97	1.65
29	ST Engg	800	0.86	3.29
30	Silverlake Axis	4,500	0.77	0.525

Movement in my portfolio in Jun:-
Sold:- Nil
Bought:- Frasers L&I Tr (Rights), UOB (DRIP), SGX, Astrea IVB4.35%.
Dividends collected this month: $1,359.68

2018 avg dividends/month: $1,186.08 [17.1% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. My REIT counters are in better shape while my portfolio was weighted down heavily by Starhub, SPH, SingTel and a few other STI counters. Took the opportunity to collect more SGX.

2. Window dressing last day of June returned my portfolio to positive territory (not counting dividends collected). Trade war starting?

3. Current worst performing counter: Duty Free Int'l (36.1% unrealised loss).

My First Bond Purchase

2018-06-17T07:27:00.000-07:00

I have subscribed to and received allocation to the Astrea IV Private Equity Bond.

The issuance of Astrea IV Bond is the first time that a private equity bond is made available to retail investors on the cheap. This allows me the opportunity to venture into the bond asset class.

I think very likely this signal the open of the floodgates and we will see other bonds issuance in the near future. With the rising interest rates environment, we may see some higher yield bonds.

However, less risk does not mean no risk, and we shall only invest with money that we can afford to lose.

My Stock Portfolio @ end May 2018

2018-06-02T02:49:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,300	10.02	7.24
2	SATS	4,000	6.64	5.16
3	OCBC Bank	1,438	5.80	12.54
4	UOB	633	5.73	28.14
5	CapitaLand Mall Tr	7,800	5.19	2.07
6	SPH	6,000	5.08	2.63
7	AIMSAMPI Cap Ind R	10,000	4.47	1.39
8	Starhub	7,000	4.35	1.93
9	Keppel Corp	1,600	3.97	7.71
10	CDL HTrust	6,800	3.65	1.67
11	SingTel	3,190	3.37	3.28
12	Suntec Reit	5,800	3.36	1.80
13	Keppel DC Reit	7,400	3.33	1.40
14	FCT	4,700	3.31	2.19
15	ParkwayLife Reit	3,600	3.16	2.73
16	SPH Reit	8,500	2.71	0.99
17	Starhill Global Reit	12,000	2.64	0.685
18	Mapletree Com Tr	4,800	2.42	1.57
19	CapitaLand	2,000	2.23	3.46
20	Frasers Com Tr	4,904	2.21	1.40
21	Bukit Sembawang	1,000	1.96	6.10
22	Ascendas Reit	2,000	1.71	2.65
23	Frasers L&I Tr	5,000	1.71	1.06
24	Sembcorp Indust	1,800	1.70	2.93
25	SIA Engg	1,500	1.53	3.17
26	Keppel InfraTr	9,000	1.48	0.51
27	Frasers Property	1,800	1.06	1.83
28	Cache Log Tr	4,000	1.03	0.80
29	ST Engg	800	0.90	3.48
30	Silverlake Axis	4,500	0.78	0.54

Movement in my portfolio in May:-
Sold:- Nil
Bought:- Frasers L&I Tr, Frasers Comm Tr (DRIP).
Dividends collected this month: $2,974.38

2018 avg dividends/month: $1,151.36 [11.4% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Bumper month in May. However, just missed my $3K estimate as ParkwayLife Reit pays dividend in June this year.

2. Current worst performing counter: Duty Free Int'l (36.7% unrealised loss).

My Stock Portfolio @ end Apr 2018

2018-05-01T07:47:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,300	10.21	7.72
2	SATS	4,000	6.82	5.54
3	OCBC Bank	1,438	6.10	13.80
4	UOB	633	5.87	30.14
5	CapitaLand Mall Tr	7,800	5.04	2.10
6	SPH	6,000	5.02	2.72
7	Starhub	7,000	4.89	2.27
8	AIMSAMPI Cap Ind R	10,000	4.37	1.42
9	Keppel Corp	1,600	4.03	8.19
10	CDL HTrust	6,800	3.72	1.78
11	Suntec Reit	5,800	3.50	1.96
12	SingTel	3,190	3.45	3.52
13	Keppel DC Reit	7,400	3.25	1.43
14	FCT	4,700	3.24	2.24
15	ParkwayLife Reit	3,600	3.09	2.79
16	Starhill Global Reit	12,000	2.66	0.72
17	SPH Reit	8,500	2.59	0.99
18	Mapletree Com Tr	4,800	2.39	1.62
19	CapitaLand	2,000	2.31	3.76
20	Frasers Com Tr	4,849	2.09	1.40
21	Bukit Sembawang	1,000	1.91	6.20
22	Sembcorp Indust	1,800	1.70	3.07
23	Ascendas Reit	2,000	1.64	2.67
24	SIA Engg	1,500	1.50	3.25
25	Keppel InfraTr	9,000	1.49	0.54
26	Frasers Property	1,800	1.12	2.03
27	Cache Log Tr	4,000	1.03	0.835
28	Frasers L&I Tr	2,700	0.87	1.05
29	ST Engg	800	0.86	3.49
30	Silverlake Axis	4,500	0.76	0.55

Movement in my portfolio in Apr:-
Sold:- Nil
Bought:- NetLink NBN Tr.
Dividends collected this month: $0

2018 avg dividends/month: $695.60 [26.1% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Big fat "0" dividend in April. Well, a good rest in April for the dividend harvesting in May. Likely around $3K for me in May, as many of my holdings are paying dividends.

2. Current worst performing counter: Duty Free Int'l (31.7% unrealised loss).

My Stock Portfolio @ end Mar 2018

2018-04-01T05:14:00.000-07:00

Top 30 in my portfolio:

No.	STOCK NAME	No.of SHARES	PORTFOLIO%	MARKET $
1	SGX	4,300	10.13	7.37
2	SATS	4,000	6.56	5.13
3	OCBC Bank	1,438	5.89	12.82
4	UOB	633	5.57	27.50
5	CapitaLand Mall Tr	7,800	5.19	2.08
6	Starhub	7,000	5.05	2.30
7	SPH	6,000	4.83	2.52
8	AIMSAMPI Cap Ind R	10,000	4.35	1.36
9	Keppel Corp	1,600	3.97	7.77
10	CDL HTrust	6,800	3.67	1.69
11	Suntec Reit	5,800	3.50	1.89
12	SingTel	3,190	3.44	3.37
13	Keppel DC Reit	7,400	3.41	1.44
14	FCT	4,700	3.29	2.19
15	ParkwayLife Reit	3,600	3.22	2.80
16	Starhill Global Reit	12,000	2.80	0.73
17	SPH Reit	8,500	2.70	0.995
18	Mapletree Com Tr	4,800	2.41	1.57
19	CapitaLand	2,000	2.28	3.57
20	Frasers Com Tr	4,849	2.22	1.43
21	Bukit Sembawang	1,000	1.95	6.11
22	Sembcorp Indust	1,800	1.79	3.11
23	Ascendas Reit	2,000	1.68	2.63
24	Keppel InfraTr	9,000	1.54	0.535
25	SIA Engg	1,500	1.53	3.18
26	Frasers Property	1,800	1.15	2.00
27	Cache Log Tr	4,000	1.07	0.835
28	Frasers L&I Tr	2,700	0.94	1.09
29	ST Engg	800	0.92	3.59
30	Silverlake Axis	4,500	0.77	0.535

Movement in my portfolio in Mar:-
Sold:- Nil
Bought:-Ascendas Reit, Starhill Global Reit, Sasseur Reit (IPO).
Dividends collected this month: $312.24

2018 avg dividends/month: $927.47 [26.1% up cf. 2017]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Four-in-a-row success with the Sasseur Reit IPO. However, this is against my usual rule of avoiding China REITs.

2. Starhub and SPH, two of my original foundation stocks, performed badly and turned red. At one time, they were about 40% of my portfolio. Now, they are less than 10% and I hope they can recover like Keppel Corp.

3. Current worst performing counter: Duty Free Int'l (30.3% unrealised loss).