Whenever I could find some free time, I would go out to sea in the last few days.
It is my latest hobby!
Well, in a sense, anyway.
Look at my latest ship!
Look at those cannons!
If you are interested in some naval warfare too, this is my latest free to play find.
Absolutely free to play and perfect if you feel like destroying stuff to feel better after a rough day.
Use my referral link for the Asian server and both of us will get some freebies in the game:
World of Warships. (AK's referral link.)
Anyway, now that the serious stuff is out of the way, let's look at other stuff.
In my last blog, I talked to myself about the bumper interim dividend from UOB.
Up by 40%, it made me giddy with joy!
I expect OCBC and DBS to pay higher dividends too.
This means they should at least match their dividends in the last quarter.
If nothing goes wrong, my passive income for Q3 2023 should be somewhat higher than for Q3 2022.
If this pans out, it would be quite a feat since 2Q 2022 passive income generated by my investment portfolio increased by an impressive 42% compared to 2Q 2021 (mostly because the banks were still paying lower dividends in 2Q 2021.)Whether passive income in Q3 2023 would be higher than Q2 2023 is less certain and, for that, I would wait and see.
On to another happy discovery.
When I checked my bank account, I found a few thousand dollars deposited by my old friend, AIMS APAC REIT (AA REIT.)
With my war chest largely depleted by IREIT Global's rights issue, getting some free money from AA REIT makes me love the REIT more.
As there will be quite a bit more dividend to be received from UOB and probably OCBC and DBS too next month, I decided to increase the quantum in my application for the upcoming 6 months T-bill with some of the money.
It is now open for application and the auction is happening on 3 August.
I will be going for non-competitive bid, as usual.
There is no need to agonize over a competitive bid since whatever the cut-off yield might be, it would most likely be higher than whatever interest rate the banks are offering for a 6 months fixed deposit.
So, the exercise to strengthen the fixed income component of my investment portfolio continues.
It gives my portfolio greater stability.
It gives me greater peace of mind to know that if I need more money, I have a T-bill ladder I can rely on.
This means I would not have to sell my stocks at prices not of my own choosing if some things should go terribly wrong in life.
Being forced to do something, not having control over our lives is not a good feeling.
With the yield curve still inverted, 6 months T-bills are going to remain rewarding.
So, they help to keep me sane and happy at the same time.
If AK can do it, so can you!
Related posts:
1. 2Q 2023 passive income.
2. 2Q 2022 passive income.
3. T-bill ladder is attractive.
Bravo, have fun!
ReplyDeleteHi Patrick,
ReplyDeleteThank you! :D
So many things to do but so little time. ;p
Hi AK , huat with banks. I accumulated too slowly
ReplyDeleteHi SgFire,
ReplyDeleteI am sure we will have opportunities to add to our investment again at lower prices.
Just have to wait for Mr. Market to go into a depression. ;p
Thanks Ak for the reminder
ReplyDeleteHi SgFire,
ReplyDeleteI am always reminding myself of that.
Also, I remind myself to get my war chest ready. ;p
Hi AK,
ReplyDeleteI am one of your new follower. Loved your sharing and insight. I am starting to build up my portfolio. Currently, bought into S&P fund, keppelCorp and Seatrium. Do u think keppelCorp is a good dividend stock?
Hi kghk,
ReplyDeleteWelcome to ASSI! :D
I am glad you are enjoying eavesdropping to AK talking to himself. ;p
Unfortunately, I am not allowed to tell you if a stock is good or not.
All I can say is that if a business has a strong balance sheet and is able and willing to pay regular meaningful dividends, it is something an investor for income might be interested in.
I did increase my investment in SCI some time back and you might be interested in the following blog:
SembCorp Industries investment is larger now.
Gambatte! :D
Thanks AK!
ReplyDeleteWill camp here to continue eavesdropping :).
Hi kghk,
ReplyDeleteAiyoh, now I feel paiseh.
Just have to beware that I talk nonsense sometimes. ;p
Hi AK, thanks for the sharing your ideas by talking to yourself, I really enjoy reading your blog and find the ideas very helpful!
ReplyDeleteSaw your previous blog post on QAF in Apr 2022, could I tap your views please on QAF at today's price of 80c?
Hi KL,
ReplyDeleteGlad you enjoy eavesdropping on AK. ;p
I am still holding on to my investment in QAF not only because I like the low GI bread they sell but also because it continues to pay me well. :D
5c DPS means a dividend yield of around 6% p.a. which is not too shabby especially when QAF has a relatively strong balance sheet.
However, I am not adding to my investment because I have limited resources. (TmT)
My priority when it comes to equities is to increase my investments in our local lenders.
Reference:
DBS, OCBC and UOB at 40% of portfolio?