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.

Summary of June 2019 Transactions

This is my favorite month of the year. Earlier this month, I took a short break from work and went on a short vacation to Bangkok. Things seems to be getting slightly expensive in Bangkok as compared to a few years ago. However, I still managed to get a few good deals from Bangkok’s Chatuchak weekend market.

This month, both my wife and myself have received our performance bonus from my company. While others spent their bonus monies on new clothes, branded bags or reward themselves with an expensive overseas trip, I spent my bonus on shopping for dividend stocks. My wife have applied for Astrea V Bonds and gotten a fifty percent allocation while I finally added SPH Reit to my stock portfolio. SPH REIT currently makes up 11% of my stock portfolio. With the recent price run up of most Singapore REITs, it is really tough to find one that give you 5% to 6% returns a year. Read More

Summary of May 2019 Transactions

Besides the regular purchase of Singapore Savings Bonds, I have not bought nor sold any stocks this month. I did a recent analysis of Manulife US REIT after the results from my last screening for dividend stocks showed that Manulife US REIT has a dividend yield of 8.736%. I almost jumped into this stock. However, with the recent price run up, I computed the current dividend yield to be 6.63% based on the current share price of US$0.84 and this halted my decision.

I personally felt that there is not enough margin of safety to enter Manulife US REIT at the current price of US$0.84. My biggest concern is that Manulife US REIT is a pure US play, any hiccups or announcement in the US economy will hit Manulife US REIT hard. We all know any decision or announcement from Trump throws the stock market into turbulence. Frasers Commercial Trust seems to be a better play with similar dividend yield at 6.53%. Thus, I decided to keep Manulife US REIT in my watchlist. I probably may settle for SPH REIT given its stability even though the dividend yield is lower at less than 6%.

Dividends have came pouring in the last week of May. I have collected dividends from Parkway Life REIT, Frasers Commercial Trust, Kingsmen Creatives, CapitaMall Trust, Mapletree Commercial Trust which all goes into my war chest for my next purchase.

What shall I buy next?