Total Dividends Collected in 2021

 

Total Dividends Collected in 2022

The total dividends that I have collected in the year 2021 is S$12,401.51. This is a decrease of 25.25% or S$3,131.09 as compared to the amount of S$15,532.60 that I have collected in the year 2020.

In 2020, Convenience Retail Asia has paid out a special dividend of HKD 3.85 per share. Without the consideration of the special dividend, total dividends collected in 2021 would have been an increase of 21.51%.

Do You Want To Be A Dividend Investor?

I am a dividend investor which means I buy stocks that pays dividends. But of course, it is not so simple as that. I screen and look out for stocks that are

a) Pay out dividends at least 4.5% or more.

b) Able to grow its dividend payout year on year (y-o-y)

c) Increase its share price due to investor’s confidence in the stock

d) Consistent payout in dividends

e) Pay special dividends time to time

How To Track Your Dividends

I am using Stocks Café to keep track of my dividends as it automatically tracks dividend payouts and there is no need for manual entry. This has saved me a lot of time in terms of tracking yearly dividend payout.

Projected Dividends Collected In 2022

Stocks Café has this feature that project your future dividends based on the following assumptions:

a) You will hold the same stocks and amounts until the end of the year, and
b) all stocks will give the same amount of dividends, on the same ExDate, as the previous year

Based on Stocks Café projection, I will receive S$12,752.71 dividends in the year of 2022.

Dividend Investment Strategy in 2022

The rising cost of living in Singapore such as increase in living expenses has resulted in less available income to invest in stocks. As such, I have to continue to be prudent in my spending.

When we start to see light at the end of the tunnel in 2021, a new Omicron variant emerges. It is uncertain how this will impact our lives in the year 2022. To be honest, I am sick of the  tightening measures and border closures. COVID-19 continue to be a burden to the Singapore economy.

I am persistent to continue my strategy of keeping calm and accumulation of dividend paying stocks when I have spare cash on hand. Most stock prices continue to be depressed and I believe when situation improves, these companies will start to pay more dividends.

Welcome 2022!

Identity Based Habits for 2021

Identity Based Habits for 2021

Identity Based Habits are something that not everyone have heard of. Every year, I will set SMART goals (S – Specific, M – Measurable, A – attainable, R – relevant, T – time-based). Having read the book Atomic Habits written by James Clear last year, I decided to tweak my approach slightly this year.

What do I mean? When we set our goals, most of our goals are focused on outcome. For example, last year, I set a goal of contributing at least S$600 to each of my child OCBC Young Savers Account. Another example is to run a total of 300KM in 2020. These are goals that are focused on outcome.

This year, in 2021, I wanted to focus on building identity based habits. Why? This is because once you build a habit, it becomes long lasting. Identity based habits focuses on who I wish to become.

“If you want better results then forget about setting goals. Focus on your system instead – James Clear”

Identity Based Habits for 2021

#1 I want to be stronger

Identity: Become the type of person who exercises every week.

Small wins: Run every week and do some heavy weights.

#2 I want to improve my knowledge

Identity: Become the type of person who read books and watch self improvement videos.

Small wins: Watch at least 1 Udemy video once a month, read at least 1 book per month, take at least 1 certification course per year.

#3 I want to be financially free

Identity: Become the type of person who invest regularly

Small wins: Invest 15% of your monthly salary into dividend paying stocks.

#4 I want to be a better parent

Identity: Become the type of person who plans for the children’s future

Small wins: Contribute monthly to my children’s saving account to build up their savings.

#5 I want to be a minimalist

Identity: Become the type of person who own less things

Small wins: Declutter my home and workplace. Refrain from buying unnecessary things.

I have set my identity. Now, what kind of person do you want to be in 2021 and beyond?