Financial Goal Progress October 2020

Long Term Financial Goal Progress for October 2020

Above is the progress of me reaching my targeted financial goal for October 2020. As you can see from the chart, the total value of my financial assets have grown by a mere 0.12% from September. The value of my stock portfolio declined due to the pullback of the stock market. This was cushion by my monthly regular contribution to NTUC RevoSave, Dash EasyEarn and Supplementary Retirement Scheme funds.

With the upcoming US presidential elections, I am expecting the stock market to be volatile. If you notice the trend, the overall Singapore stock market is always affected by the performance of the US stock market. When technology stocks in the US market gets a beating, so does the STI (Straits Times Index).

The total financial assets I am currently tracking are:

  • Insurance savings (NTUC RevoSave, Singlife, Dash EasyEarn)
  • Savings accounts (POSB, OCBC, CIMB)
  • Singapore Savings Bonds
  • Current value of my stocks
  • Forex
  • Supplementary Retirement Scheme

In October, I have collected the following interest payout from the Singapore Savings Bonds I have bought every month over the years.

  • October 2015 (GX15100F)
  • October 2018 (GX18100V)
  • April 2019 (GX19040X)
  • October 2019 (GX19100N)

One tip to grow your wealth is to be discipline and consistent in controlling what you buy and contribution to the different buckets. NTUC RevoSave, Singlife, Dash EasyEarn, SRS are the different buckets that I have built up over the years.

I shall continue to build multiple streams of passive income.

What Stocks To Buy In October 2020

Stock Screening

Looking for dividend stocks to buy in October 2020 but not sure where to start? As a dividend stock investor, I always keep a watch list of dividend yielding stocks on hand. When stock prices goes up, the current dividend yield decreases. When stock prices fall, the current dividend yield increases. This poses an opportunity for dividend stock investors to pick up the stock at higher yield and cheaper price.

One of the easiest way to create a watch list of dividend yielding stocks is to use a stock screener. My favourite stock screener is from Stocks Café. There are plenty of stock screening tools out there. You can use the one you are comfortable with.

I am a medium risk type of investor and thus I never looked at stocks with dividend yield more than 10%. Below are the conditions I set in the stock screener to identify dividend stocks.

  • Current Yield (%) >= 5 and <= 10
  • Price / Earnings <=20
  • Price / Book <= 3 Market Capitalization >= 1B

Below are the top dividend yielding stocks as of 17th October 2020 for your reference.

Name Current Yield % P/E P/B Market Cap
HPH Trust SGD 8.873 18.11 0.366 1.7B
HPH Trust USD 8.685 18.31 0.375 1.2B
CromwellReit EUR 7.937 10.34 0.954 1.2B
CromwellReit SGD 7.818 10.81 0.971 2B
Ascendas-iTrust 7.755 6.54 1.316 1.7B
Olam International 6.202 7.79 0.733 4.1B
OUE Com Reit 6.087 13.97 0.566 1.9B
Jardine Cycle & Carriage 6.075 5.82 0.747 7B
Yanlord Land 6.071 3.27 0.387 2.1B
Hong Leong Finance 5.921 10.01 0.542 1B
CDL HTrust 5.898 11.61 0.73 1.3B
UOB 5.816 8.43 0.811 32.6B
Suntec Reit 5.598 10.28 0.689 4.1B
Far East HTrust 5.393 17.72 0.653 1.1B
DBS 5.33 9.68 1.069 53.5B
CapitaRetail China Trust 5.22 8.2 0.779 1.6B
OCBC Bank 5.023 8.64 0.82 38.6B

The 3 local banks UOB, DBS and OCBC Bank appeared in the list again with attractive current dividend yields of 5.816, 5.33 and 5.023% respectively. The current dividend yield has dropped slightly as compared to last month. This means that the stock prices of the 3 local banks has increased slightly.

The current dividend yield of CapitaLand Retail China Trust has also declined from 5.816% last month to the current 5.22%. I read about the share price of CapitaLand Retail China Trust increased by 5% within one week.

I believe you have read about Suntec REIT is going to buy a 50 per cent stake in two office buildings in London. The current dividend yield has increased from 5.409% last month to 5.598% in the current month. This means that the share price has declined, which poses a good opportunity if you are keen to enter into Suntec REIT.

I hope you have learn how I use a stock screener to identify my watchlist and based on the results to interpret the current dividend performance.

That’s all folks!