Summary of December 2019 Transactions

I am wrapping up the year with a summary of December 2019 transactions. This month, I made a fixed deposit with CIMB Bank. My son is going for a school trip next year and thus, I am setting aside some money to fund for his travel expenses. As mentioned, the maturity period is just right at 6 months.

Besides the fixed deposit placement, I also continue to purchase this month’s issue of Singapore Saving Bonds (GX20010T). The purpose is to set aside some money for emergency use such as job retrenchment etc.

If you didn’t know, I also contribute to my Supplementary Retirement Scheme (SRS). As I can only withdraw the money from SRS after the age of 62, the money accumulated in SRS can be used to fund my retirement at the later stage of my life. On top of saving for retirement, I get to enjoy tax savings too.

I am glad that I received my Annual Wage Supplement this month. I shall be setting aside S$2800 to top up my Medisave in January 2020 as the Basic Healthcare Sum will increase from S$57,200 to S$60,000. The rest of my AWS goes to payment of utility bills, tuition fees etc.

The Singapore Stock market feels pretty quiet. I guess most investors are taking a holiday break. At the point of writing, I also saw from the news that the US stock market is performing well due to increased retail sales from the holiday season.

Was it the Santa Claus Rally?

Summary of November 2019 Transactions

In this month of November, I have made two stock transactions. The first is that I have subscribed to the rights offered by Mapletree Commercial Trust. I have applied for excess rights and gotten all the excess rights that I have applied for. This surprises me as based on past experiences, I never gotten any excess rights that I have tried to apply for. This is also given Mapletree Commercial Trust is such a popular REIT. With the addition of new units, you can see that Mapletree Commercial Trust now occupies 11% of my stock portfolio in terms of invested value.

You probably might be wondering which is the second stock transaction that I have made. I have purchased Frasers Commercial Trust at S$1.61. Based on the price of S$1.61, the current dividend yield is 5.57%. This is much more than the current month’s issue of the Singapore Savings Bonds whereby the interest rate has fell to a level beyond my interest. I have skipped this month’s purchase of Singapore Savings Bonds and placed my monies with Frasers Commercial Trust since the yield is much higher.

Moving ahead, I probably will refrain from purchasing Singapore Savings Bonds should the yield worsen. I shall look for pockets of opportunities in the current stock market in terms of dividend yield to make regular purchases.

One of the best features that I liked about Stocks Café is the report function whereby I can see the dividends that I have collected based on the stocks that I held in my stock portfolio. Since most of the dividends are in, I shall be sharing with you whether I have met my goal of 11K passive income next month.


Summary of October 2019 Transactions

Besides the regular monthly purchase of Singapore Savings Bonds, I have made no other buy or sell transactions. The effective interest rate for Singapore Savings Bonds is falling and I am expecting it to fall further. Fixed deposits are offering better interest rates as much as 1.7% p.a. for a 12 month fixed deposit but of course the minimum amount is much higher as compared to the minimum amount of S$500 for Singapore Savings Bonds.

I am looking forward to the preferential offering by Mapletree Commercial Trust. Today, I received the following notification:

  1. Launch of Preferential Offering and Despatch of Instruction Booklet and ARE to Entitled Unitholders Pursuant to the Preferential Offering
  2. Instruction Booklet dated 30 October 2019 in connection with the Preferential Offering

If you didn’t know yet, Mapletree Commercial Trust is acquiring MBC II and thus the preferential offering. Mapletree Commercial Trust currently makes up 9% of my stock portfolio. I shall be taking up the offer and thus you shall see the reflected changes in my stock portfolio the next month.

If you didn’t know, I have been diligently contributing to my Supplementary Retirement Scheme (“SRS”) for the benefit of tax rebates. Since the monies in SRS also earn very low interest, I also invest my SRS monies into Singapore Savings Bonds since I am unable to withdraw from SRS until my retirement age.

As the year is coming to an end in two months, I am looking forward to December whereby I shall be receiving my Annual Wage Supplement. This should give my war chest a boost. I have been performing routine screening for stocks but found nothing worth investing into yet. Even though the old saying “There is no right time to buy”, I believe in buying the right stock and at the right price.

That’s all for my October updates. See you next month!