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What a great way to start a morning!
What a great way to start the week!
In my most recent blog, I talked to myself about my plan when it comes to fixed income.
However, I also mentioned that I have a significant exposure to equities as fixed income alone would not get us to financial freedom.
For most of us, this is the hard truth.
We must invest in bona fide income generating assets and businesses if we want to be financially free one day.
The decision to invest in DBS so many years ago has been paying dividends, literally.
Investing in OCBC a little later and then in UOB in the COVID-19 bear market has been very rewarding too.
Now, I wonder if OCBC and UOB might follow DBS and reward their shareholders a little better?
Let me try asking my mental bowling ball which thinks it is a crystal ball.
Compared to UOB, there is a better chance of OCBC following DBS in declaring a special dividend as OCBC's CET-1 ratio is more robust.
Still, if UOB wanted to, they could declare a special dividend too as their CET-1 ratio, although not as strong, is pretty decent.
Don't hold your breath though as this is what we got from a mental person asking his mental bowling ball for directions.
Coming back to DBS, a special dividend of 50 cents a share is pretty impactful to me.
This is especially when DBS is one of my largest investments today.
I think I might give myself a little treat.
Won't overdo it since 2023 still has a long way to go and we don't know how the rest of the year is going to turn out.
Like I shared in my blog on my full year 2022 passive income, I am still expecting zero growth in my 2023 passive income.
This is just me being realistic as some of my investments would probably be generating lower income for me.
CapitaLand China Trust has already reported a lower DPU, for example.
Oh, well.
Happy thoughts for now.
To all fellow DBS shareholders, hip hip huat ah!
Recently published:
1. SSB, T-bill, CPF and UOB ONE.
2. Changes to portfolio (Jan 23.)
References:
1. Largest investments updated.
2. 2022 passive income.
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