Posts
Some wonder if Mr. Market could go into a depression? I don't know but I do know that many stocks became much more attractively priced in the last three months.
Consistent with my strategy to diversify my portfolio to reduce reliance on S-REITs for income, I added to my long positions in the following as their stock prices declined more significantly recently:
1. Accordia Golf Trust
2. Ascendas Hospitality Trust
3. ST Engineering
4. Starhub
5. SembCorp Industries
In the last three months, I also initiated long positions in the following as investments for income:
6. Religare Health Trust
"Trust has demonstrated its ability to improve its revenue organically quite strongly which makes up for the expiration of the sponsor's waiver to their share of the distributable income."
"Trust has demonstrated its ability to improve its revenue organically quite strongly which makes up for the expiration of the sponsor's waiver to their share of the distributable income."
7. King Wan
"King Wan is in a net cash position and it also has an order book that would provide earnings visibility until 2018."
Finally, I accumulated the following stocks which have a bit of an income investing angle but the main reason is because I think they are worth much more and at lower prices, they became even more attractive:
"King Wan is in a net cash position and it also has an order book that would provide earnings visibility until 2018."
Finally, I accumulated the following stocks which have a bit of an income investing angle but the main reason is because I think they are worth much more and at lower prices, they became even more attractive:
8. Wilmar
9. OUE Limited
Of course, stocks could stay undervalued for a long time but regularly receiving some dividend in the meantime makes the waiting more palatable. I like to be paid while I wait.
If you suspect that I have dipped into my war chest in the last three months, you are right.
Could we see another big decline in the stock market? We could and we should be ready. So, being cautious, I have not exhausted my war chest.
I have a couple of fixed deposits maturing next month in October and I will probably be keeping the money close at hand instead of putting it in another fixed deposit or two.
In Q3 2015, the following non-REITs paid dividends:
1. SATS
2. Old Chang Kee
3. APTT
4. SingTel
5. SCI
6. SMM
7. Wilmar
8. NeraTel
9. ST Engineering
10. QAF Ltd.
11. Starhub
12. HongLeong Finance
13. Croesus Retail Trust
For the first 9 months of 2015, total passive income received from non-REITs: S$ 57,747.59.
For the first 9 months of 2015, total passive income received from non-REITs: S$ 57,747.59.
This works out to be S$ 6,416.40 per month.
Have a shopping list and be ready to pounce if Mr. Market becomes depressed.
Have a shopping list and be ready to pounce if Mr. Market becomes depressed.
Related post:
Bloggy Award