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My Sweet Retirement Mid Year Checkpoint 2017

Goals

 

Time flies and it is time for Mid year review again on the goals that I have set for the year 2017.

1. Achieve 15K of Passive Income

I think I am over optimistic on this. Last year, I received a total of S$10,132.04 of dividend income for the year of 2016. I have since divested M1, Sheng Siong, Cambridge Industrial Trust, NeraTel and Far East Hospitality Trust and only bought Capitaland Mall Trust in 2017.

Recently, I bought Tai Sin Electric but added to my wife’s stock portfolio instead thus I shall not count it as part of my dividend income.

Sell Transactions

Goodbye M1

Goodbye Cambridge Industrial Trust

NeraTel – An Abandoned Child

Far East Hospitality Trust Undervalued or Value Trap?

Buy Transactions

My Personal Analysis of Capitaland Mall Trust (more…)

Summary of May 2017 Transactions

After monitoring Tai Sin Electric for almost a month, I decide to make a buy transaction. I did not add it to my stock portfolio but instead I added it to my spouse’s stock portfolio. She has now 5 stocks in her stock portfolio!

If you read my post on Looking at Tai Sin Electric Limited Market Depth, there is good support at S$0.425. Buying and selling is very similar to supply and demand. There is quite a high volume asking for S$0.46 and a lot of bid volume at S$0.42 and S$0.425.

Based on My Personal Analysis of Tai Sin Electric Limited, this will give a dividend yield return of more than 5% for my spouse.

The risk here is the slowing down of construction and infrastructure projects in Singapore. Outweighing the growth potential versus the investment risks, that is how I came to the decision to add this stock to my spouse’s stock portfolio. The management has proven to be able to ride through difficult times and I shall monitor if they are able to ride through the current storm and continue to growth Tai Sin Electric Limited and return more value to its shareholders.

Looking at Tai Sin Electric Limited Market Depth

Tai Sin Electric has been on my watch list for quite some time and I have been hesitating to buy it since my last analysis on it as the stock price as been rather stagnant at $0.44. (Read more at My Personal Analysis of Tai Sin Electric Limited).

Today, I learn something new today called “Market Depth“. Above is a screen shot of the Market Depth of Tai Sin Electric Limited on 26th May 2017. On the left hand side of the above picture is the bid price and bid volume or in simple terms we call it as “buyers”. On the right hand side is the ask price and ask volume aka “Sellers”. The green colored cells represent the possible support level at S$0.425 and the red colored cells represents the possible resistance level at $0.460.

From the above picture, it shows that there is higher buy volume than sell volume and thus this stock Tai Sin Electric Limited is still bullish.

Here are some things I personally observed about Market Depth

  1. Market Depth information is dynamic. This means that the information is only valid for a day or maybe a few hours. It is simply based on supply and demand. When I looked at Tai Sin Electric Limited Market Depth this morning, there is asking price of $0.435 but you notice at this moment, it is gone. Someone has scooped up the queue price of $0.435!
  2. The order volume or price may not be accurate. If you see the lowest bid price and highest ask price, you will think how is that possible for the stock price to fluctuate that much within a day. If you place that bid, most like your trade will expire and will not be filled for the day.

In conclusion, if I bid Tai Sin Electric Limited at $0.42, it is unlikely for me to get it today because there is no asking price at $0.42. I should bid at $0.44 if I should decide to add Tai Sin Electric Limited to my stock portfolio.