Summary of July 2019 Transactions

I have not made any buy or sell transactions this month except for my regular monthly purchase of the Singapore Savings Bonds. The effective interest rate for August 2019 Singapore Savings Bonds (GX19080E) is the lowest at 2.01% for the past 12 months if you held it for 10 years. Fixed deposits interest rates seem to have beat the Singapore Savings Bonds interest rate. (Read more: The Best Fixed Deposits of July 2019 )

As you can see above, Singapore Savings Bonds have taken up a major share of my stock portfolio. While some may argue that I should have invested those monies in Singapore Savings Bonds for REITs for higher returns, my decision is still to park those monies aside as an emergency fund when the need arises such as a job retrenchment etc.

While building up my stock portfolio for retirement, I have not forgotten to contribute back to the society. This month, I made a minor contribution to the Children’s Cancer Society using monies I earned from the advertisements that was served on this blog. The amount is small but I hope it makes a difference to those children.

At the point of writing, the following REITs have declared ex-dividend:

  • SPH REIT (Ex date: 18 Jul 2019, Pay date: 22 Aug 2019)
  • Frasers Commercial Trust (Ex date: 29 Jul 2019, Pay date: 29 Aug 2019)
  • CapitaMall Trust: (Ex date: 30 Jul 2019, Pay date: 29 Aug 2019)

There has been a lot of uncertainty in my current job at my current company. This means I may hog on to more cash savings moving forward. In the event I lose my job, I will need at least 3 months of emergency fund (SSB + savings) while looking for a new job. I hope that doesn’t happen.

My Personal Analysis of IREIT Global

I was casually screening for office REITs to add to my stock portfolio when I came across IREIT Global. Based on what I read about, the dividend yield of IREIT Global was estimated to be as high as 8%. The thought of “Is it really true?” came across my mind as most of the dividend yields of the REITs that I know of has dividend yield ranging from 4.7% to 5.5% given the current run up in most REIT prices which in turn cause the dividend yield to decline.

On 30 April 2019, IREIT announced the introduction of a new strategic investor, City Developments Limited (CDL), which has acquired a 50% stake in the Manager and 12.4% stake in IREIT units.

In summary, IREIT Global is the first Singapore-listed real estate investment trust (REIT) established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe that is used primarily for office, retail and industrial (including logistics) purposes, as well as real estate-related assets.

IREIT Global initial offering was S$0.88 back in August 2014. Read More

Shop For Free at Guardian Using ShopBackGo

You are losing out if you have not heard of ShopBack. Basically, if you browse and buy something from an online store in ShopBack, you earn cashback from your purchases. You can withdraw the cash to your Bank account once you accumulated the minimum withdrawal amount of $10.

ShopBack now has an added feature called ShopBackGo which is a cashback for restaurants and eateries. All you need to do is to link the ShopBackGo with any credit card, activate the cashback before you use your credit card to pay and the cashback will be credited to your ShopBack account. I have been using ShopBackGo whenever I dine out.

From 15th to 21st July, ShopBackGo has a promotion where you can earn yourself a free item costing less than $10 at Guardian stores. All you need to do is to link any credit card to ShopBackGo and use the newly linked credit card to pay for the purchases amounting up to $10. The S$10 will be credit to your ShopBack account which means you are getting the item for free!

Sign up for ShopBack now using my referral link!

(Note: You and I get $5 if you sign up using my referral link above.)