Largest REIT investments updated: COVID-19 meltdown (April 2020).

This started as a reply to a reader's comment: HERE.

I actually spent more than an hour typing the reply and it became quite long.

So, I decided to publish the reply as a blog instead so that more get to hear me talking to myself.

Here is my reply to Unknown:

There are quite a number of REITs in my portfolio, as you probably know.

In 4Q 2019, three of them made it to my list of largest investments which were investments each with a market value of $100,000 or more.

The three were:

1. AIMS APAC REIT. (formerly AIMS AMP Cap. Ind. REIT.)

2. IREIT Global.

3. Ascendas Hospitality Trust. (now Ascott REIT-BT.)

In the last few weeks, the market values of the trio have plunged, of course.

I will look at each of them briefly.






1. AIMS APAC REIT.

This has always been a well run industrial S-REIT.

Being a landlord of industrial properties and business parks, the REIT is probably better insulated from the negative economic impacts of the COVID-19 crisis compared to retail and hospitality REITs.

However, if the crisis drags on for a year or two, then, we could see tenants default becoming a major problem.

Even so, industrial REITs usually collect many months of rent in advance and this provides some insurance.

Long time readers of my blog know the story of my investment in AIMS APAC REIT.

I have not done anything to my investment in AIMS APAC REIT for many years.

I thought my investment in the REIT would have fallen below $350,000 in market value by now but even with the big plunge in unit price, it remains above this number.

Pleasantly surprised.

Reference:
AA REIT and free money for me.






2. IREIT Global.

I increased my investment in IREIT Global very significantly only a few months ago.

Only belatedly, I realised that after I blogged about it, the unit price rose significantly.

I like to think that Mr. Market is always right and my decision to increase my investment in IREIT Global significantly when I did was probably a good one.

However, as the COVID-19 global pandemic moved to infect Europe, IREIT Global was not spared the wrath of the bear either.

Spain is now the most infected country in Europe, surpassing Italy.

Of course, unfortunately, IREIT Global very recently bought some properties in Spain.

Having said this, I believe most of IREIT Global's income is safe.

In a reply to another reader, I said:

"Deutsche Telekom and Europe’s largest pension fund, Deutsche Rentenversicherung (DRV) account for about 77% of IREIT Global's rental income.

"Even if all the other tenants go bust, these two won't.

"I am very simple minded and use this as the worst case scenario."

This knowledge gave me the confidence to add to my investment in IREIT Global as its unit price declined.

The lowest price I paid Mr. Market for this was 42 cents a unit.

In fact, I nibbled so much that together the nibbles might be considered a gobble.

Due to these nibbles, my investment in IREIT Global remains above $200,000 in market value.

Reference:
IREIT Global is going to Spain.






3. Ascott REIT-BT.

Of the three, the most vulnerable to the economic recession that will be created by the COVID-19 crisis is probably Ascott REIT-BT.

The airlines and hospitality industries are the first to feel the heat and will continue to feel the heat for some time to come.

Even after the COVID-19 crisis has abated, it is possible that people might take a while to warm up to the idea of travelling again.

I watched a documentary on the Spanish Flu and it was said that people who survived that global pandemic were so scarred that they did not even want to leave their homes unless they had to.

That went on for a long time after the crisis was over.

So, compared to industrial and commercial S-REITs or even retail S-REITs, hospitality S-REITs could take a longer time to recover from the COVID-19 crisis.

Due purely to the plunge in its unit price, the market value of my investment in Ascott REIT-BT is now much lower than $100,000.

Reference:
Ascendas Hospitality Trust getting a bad deal?






I said in a recent blog that we have to be prepared for a reduction or even a suspension of dividend payout in some instances.

This is true for investors of these REITs too as their incomes could be compromised.

In closing, tougher measures will be implemented in Singapore for a whole month starting next Tuesday, 7 April 2020, in the fight against COVID-19.

Let us all be socially responsible and remind each other to do the right things.

We owe it to ourselves, our family and friends, to do our part in the fight against COVID-19.

We are #SGUnited.

For a summary of the stricter measures, watch this 10 minutes video:






Together with this blog post, I am trying out a mobile version of ASSI.

So, for those of you who read ASSI using mobile phones, you will notice a difference.

With this new look on mobile, several things will be lost.

The disclaimer at the end of the blog is not visible on the mobile version and this has been my main reason for not having a mobile version of ASSI for the longest time.

Tags or labels at the end of each blog are also missing which means that if I acknowledge that a blog is an advertorial it would not show which was another reason for resisting the new mobile version.

With this new mobile version, there are no left and right sidebars which might be a big disadvantage to new readers and an inconvenience to old readers who might want to read older blogs or have access to resources and comments listed in those sidebars.

Readers who want to access whatever is lost in the mobile version will have to click on the "View web version" option at the end of the page.


Anyway, let me know what you think and I will see whether to keep this or to go back to the old way.

Further reading:
1. Largest investments updated.
2. 1Q 2020 passive income: COVID-19 crisis.
3. Survivability and opportunity in times of distress.

1Q 2020 passive income: COVID-19 disaster.

Unless new to my blog, everybody knows that AK is investing for income.

What this means is that AK is more concerned with the ability of his investments to generate income for him on a regular basis than the price movements of those investments in the stock market.

Of course, for this strategy to work, first, we have to ensure that a potential investment is a bona fide income generating asset and not a scam.

For an example of a scam, see:

$71,000 alternative or bogus investment?

Many people are calling Eagle Hospitality Trust a scam now as well. 

The other important thing with investing for income is to determine whether the entity has the ability and the willingness to generate income and share this income with investors.

If we are not investing with borrowed money or money we need for some other purposes down the road, whether in a bull or a bear market, if we invest in good income generating businesses, everything else being equal, most likely, our financial health will improve over time.

This is very important to remember because we do not want to have to liquidate our investments during a time of crisis like now.

This is very important to remember because investing for income is mostly not about getting rich quickly and is more about getting rich slowly but surely.

I know that many people are hurting financially now because of this COVID-19 disaster and many are looking for advice.

However, remember, I don't give advice here in ASSI.

I am just talking to myself here.

Now, although I feel certain that we will overcome the COVID-19 crisis like we did with SARS 17 years ago, we should take the warning signs seriously.

The COVID-19 crisis is similar to the SARS crisis but it is not the SARS crisis.

Same, same but different.

The COVID-19 crisis could take a much longer time to run its course compared to the SARS crisis.

There is no doubt by now that this crisis is going to create a global recession.

The consensus is that this global recession will be even more severe than the recession caused by the Global Financial Crisis (GFC).

So, although there is a chance of a V shape recovery, it is more likely that we will get a U shape recovery.

Pray that we do not get a L shape recovery which PM Lee mentioned in a recent interview as that would be more like an economic depression than a recession.

Let this sink in for a moment.

Deep breaths.

What are we to do in response?

I believe that how we behave should depend on whether we have the following:

1. Emergency fund

and 

2. War chest.

I know that there are people who do not believe in having an emergency fund but we all know that many people lose their jobs in a recession.

If we do not have an emergency fund, we should not be thinking about investing in the stock market even in times like this.

More so in times like this.

Banks are fair weather friends, whatever their advertisements might say to the contrary.

We could well see a credit crunch when, for fear of losing money, banks sharply curtail the lending of money.

It could happen and, of course, it has happened before.

People who do not believe in having an emergency fund, good luck to them.

People who do not believe in having an emergency fund and conduct courses to teach others not to have one, shame on them.

So, how much money should we have in an emergency fund?

See:
How big an emergency fund?

As for those of us who have an emergency fund but who do not have a war chest, think twice about using the emergency fund to invest in the stock market.

Heard of bull traps?

No, I am not thinking of big holes in the ground dug by some hunters in the Stone Age.

Anyway, if we fall into this category, in fact, we should take some time to look at whether our emergency fund is sufficient for what might come.

I can almost hear some people going:

"Oh, but we might make money if we use the emergency fund to invest with?"

Remember, money not made is not the same as money lost.

If we need the money and it is not there, we might lose more than just money.

I say peace of mind is priceless.

What is the price tag of sanity?

"Never risk what we have and need for what we don't have and don't need." - Warren Buffett

See:
I do not believe in emergency funds.






If you are new to my blog or if you don't know or if you don't remember, you might want to read this blog:

Survivability and opportunity in times of distress. ("E-book")

Some might think it is too late for them.

Well, what's done is done or, for some, what's not done is done.

Choose whether to start doing the right things right now or to do nothing.

We have a choice.

Choose carefully.

Right?

I know that most of you are here for the numbers but I just had to get all of that off my chest.

I feel that it is important enough to do so.

OK, now that I have done it, the numbers.

My 1Q 2020 passive income:

S$ 24,668.56






Although it seems like I have a robust passive income stream, the COVID-19 crisis will very likely compromise the income generating ability of my investments.

The longer the crisis lasts, the more severe the impact will be.

We should be prepared for a reduction or a suspension of dividend payout in some instances.

Some might remember my explanation as to why despite having the passive income that I have, I still maintain an emergency fund.

Armageddon is not just the name of a movie.

People who are marginally financially free and who have retired from employment might have to go back to work.

In an environment where unemployment is most likely to be elevated, it won't be easy.





If we do get a U shape recovery, the bottoming process in the stock market is likely to be a bumpy one that might go on for several months.

We could be seeing the start of this bottoming process now although it would not surprise me to see prices going lower from here.

I have been nibbling at stocks and might continue to do so.

However, I won't be buying in a big way until I have greater clarity.

To be sure, we must be prepared for more turbulence to come.

If we are heavily leveraged, beware.

"We never want to count on the kindness of strangers in order to meet tomorrow’s obligations." -Warren Buffett

Till the next blog, be socially responsible and help keep us all safe.

We are #SGUnited.


Watch PM Lee's interview with CNN on the battle against COVID-19:






Recently published:
1. COVID-19 defeated already?
2. COVID-19 defeated in 2021?
3. Eagle Hospitality Trust: Extinction?

COVID-19 defeated by Mr. Market already?

This blog is in response to a reader's comment: HERE.

AK says:

Hi D,

Well, like you said, Mr. Market can stay irrational for a very long time.

I always say that there is no accounting for Mr. Market's mood swings. ;p

As for what some might think of as a stock market recovery in the last few days, I think it is too early to call it that.

It will be more accurate to call it a strong rebound from a drastic and rapid plunge.

Technically, at least for the stocks which I am monitoring, the downtrends are still intact.

Also, I do not see any significant increase in volume as those stock prices rose in the last few days.






Having said this, I am not saying that it is definitely a trap for the buy and hold investors.

TA is about probability after all and not certainty.

For sure, more competent traders would have made some money in this instance.

I don't trade very much anymore as my energy is mostly spent elsewhere in another world.

Even so, I have nibbled at some stocks and increased my investments in some businesses which I am sure will continue to generate a meaningful income for me.






However, I have not unlocked my war chests to buy a lot more. 

PM Lee said that this COVID-19 crisis is going to be worse than SARS and possibly even the Global Financial Crisis.

I believe that this is the case.

I am looking at the situation and also the charts not in terms of days but more in terms of weeks and months.

Of course, I hope the crisis won't last a year or two.

Heavens forbid.

If this is going to be worse than SARS and the Global Financial Crisis, then, there is a high chance that we have not seen Mr. Market in the depths of his depression yet.

Of course, it is important to remember that AK is just talking to himself here in ASSI.

Everyone should have his or her own plan.





If you have not done so, watch this video from the Prime Minister's Office which was released earlier today.

If you are only interested in when and how PM Lee thinks Singapore's economy is going to recover, fast forward to 7:15 in the video.



"... the waves will take many, many months or more than a year or two to settle..." PM Lee.

Remember, wash our hands more frequently, practice social distancing and behave in a responsible manner.

We are #SGUnited.





Related post:
COVID-19 defeated by Mr. Market in 2021 or so the IMF says.

COVID-19 defeated by Mr. Market in 2021 or so the IMF says.

I blogged about Mr. Market coughing blood from COVID-19 slightly more than a week ago.

On 13 March, the STI Index was at 2,665.

Yesterday, the STI Index was at 2,223.

That's a decline of almost 20%.

Today, it is experiencing a bit of a bounce.

So, what have I been doing in the stock market?

What will I do in the coming days, weeks and months?

So far, I have only been nibbling at stocks.

They are stocks of businesses which I believe will continue to generate meaningful income in spite of the COVID-19 crisis.

Although I am tempted to buy a lot more, I remind myself that the bear market is very much still in its early days.

There could be more shocks in the days, weeks or even months ahead.

Shock waves are hitting the American economy right now:






So, my war chests which are several relatively large Singapore Dollar fixed deposits and my CPF-OA savings, the size of which is public information, remain locked.

Some might ask where is the money I have been using to nibble at stocks coming from?

I do keep a float which is money I can access easily at any time.

This float is money in all my savings accounts and current account.

When am I going to deploy money from my war chests?

I said in the blog about Mr. Market coughing blood:

"There could be some rebounds in stock prices as, in a bear market, prices go down a river of hope.

"However, until I see signs of the downtrend breaking or, better still, a trend reversal, my war chests stay locked."

We have seen this happening.

Prices go down.

Prices rebound.

Prices continue to go down.

Prices rebound.

Prices go down somemore.

This is what is meant by prices going down a river of hope.






Fundamentally, many stocks look really attractively priced right now.

However, the fear of the unknown is crushing prices.

After all, we can only say that these stocks look attractive right now because of past information that we have.

Do we really know everything there is to know about the COVID-19?

There is much talk about the Spanish Flu and how long it lasted.

The Spanish Flu killed millions and it came in three waves.

Just when everyone thought it was over, it hit again and again.

Will COVID-19 be like the Spanish Flu?

Are we only seeing wave one now?

Nobody knows.

That is the truth.

So, what are investors to do?

I cannot tell you what you should do, of course.

I can only share what I am doing or not doing.






There is no doubt that we will survive the COVID-19.

There is no doubt that Mr. Market will survive the COVID-19.

If we don't, the human race will be extinct, anyway.

So, what is the point of having or making money then?

Stiff upper lip and soldier on, as the British would say.

Be brave and ignore the doomsayers.

So, I will buy a lot more at some point.

When is that?

Like I said before, I will wait for the dust to settle.

When that happens, we should see prices trying to find a floor if there is to be a bottoming process.

The bottoming process should see prices break their declining trendlines eventually.

Bottoming doesn't always happen this way, of course.

In case we have a V-shaped recovery, we should see prices breaking their downtrends on high volume.

I might miss plenty of upside in such an instance but I remind myself that money not made is not the same as money lost.

We could also see a double or triple bottom pattern forming.

Prices rebound, hit resistance, retraces to a support band, rebound and if it breaks resistance on high volume, that's a buy signal.






Like I said, it is still early days but these are the things I will look out for.

What about the Momentum Oscillators?

At the moment, all I can say is that the Relative Strength Index (RSI) for many of the stocks I am monitoring has formed higher lows.

What this tells me is that the rate of decline in prices has slowed.

It does not tell me that prices are going to recover in a sustained manner.

Another momentum oscillator which I look at is the Moving Average Convergence Divergence (MACD).

The buy signal here for me would be a positive divergence where the MACD forms higher lows even as share prices form lower lows.






Although I have tried to make this information as accessible as possible, I know this might sound gibberish to some people.

Some might even wonder if this is English.

Well, if you think that way, perhaps it is time to pick up some Technical Analysis (TA).

Yes, I know.

Bad AK! Bad AK!

OK, this might not be perfect but if you have absolutely "no time" to learn TA, just take note of the news and stock prices.

If stock prices stop declining and simply move sideways even as we are bombarded with bad news, possibly, the worst is behind us.

Indeed, if stock prices keep moving higher even as we are bombarded with bad news, prices might have truly bottomed.

TA is about probability and not certainty, I always say.

Without looking at charts and just taking note of news and stock prices will make it even more so.

However, it is something everyone can do.

Till the next blog, take courage, stay safe and watch the following video from the IMF ("COVID-19 Economic Outlook Negative, But Rebound in 2021").





Recently published:
Eagle Hospitality Trust: In danger of extinction?

Related posts:
1. Mr. Market is coughing blood...
2. Books on Technical Analysis...

Eagle Hospitality Trust: In danger of extinction?

AK likes buying things on the cheap.

What is cheap?

If we can easily afford something, is it cheap?

Well, it simply means that it is affordable.

It might not be cheap.

Cheap to me means value for money.

Affordability and value for money.

They are not the same thing.

For a refresher, read this blog:
Affordability and Value For Money.

So, AK likes buying things which are value for money.

If I can tell something is definitely value for money, I will buy some and, sometimes, I will buy a lot of it.

This is the same for anything in life whether it is for consumption (especially if it is a need) or for investment.

"Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down." - Warren Buffett

Good old Warren Buffett.

Now, I bolded one word in that quotation.

The word is "quality".





When Eagle Hospitality Trust's unit price crashed last year, many readers as well as some friends of mine thought I would be interested in buying.

After all, many respectable financial bloggers also invested in the Trust then.

Many people thought Mr. Market was overly pessimistic on Eagle Hospitality Trust.

Well, AK is growing older and as he grows older, he grows more timid.

AK wasn't pessimistic about Eagle Hospitality Trust.

AK was afraid, very afraid.

I thought Eagle Hospitality Trust was a risky investment and I didn't feel like taking on more risk in retirement.

What really steered me away from investing in the Trust was the fact that the Trust was imploding as insiders sold at ridiculously low prices, willing to take hefty losses in the process.

This is something that is still happening!





In their latest announcement, the manager of Eagle Hospitality Trust said that "the Security Price meaningfully under-represents the underlying value of EHT’s portfolio."

See recent announcement #4 at the end of this blog.

If that's the case, perhaps, insiders should be buying more or maybe make an offer to take the Trust private.

Why isn't this happening?

Why, indeed, is the opposite, more or less, happening instead?

Why is the manager thinking of an asset sale now?

Wouldn't this be a really bad time to be selling their hotels?

It is basically going to be a fire sale.

In my first blog on Eagle Hospitality Trust, I said:

"Insiders probably know something retail investors or outsiders don't.

"If Eagle Hospitality Trust is a good investment for income, after a huge decline in unit price, insiders should be buying more.

"Even if they don't buy more, they should be holding on to their investments.

"They should not be selling."

It isn't rocket science.

It is common sense.

See related post #1.





My series of blogs on Eagle Hospitality Trust seems to have done something good as a reader who wrote to me late last year just told me that he cut losses after reading my blog in reply to his plight.

See related post #3.

He wrote and told me this after the trading halt in Eagle Hospitality Trust was announced.

He might have lost a big sum of money but in exchange, now, he has peace of mind.

Priceless.

Remember,

"Never risk what we have and need for what we don't have and don't need." - Warren Buffett

Eagle Hospitality Trust looks like it could be going extinct.

If we cannot trust it, we cannot invest in it.

When in doubt, it is better to stay out.

See related posts and recent announcements at the end of this blog to form your own conclusion.

AK is just talking to himself, as usual.





Related posts:
1. Is Eagle Hospitality Trust worth it?
2. Eagle Hospitality Trust: Financial engineering.
3. Eagle Hospitality Trust: His plight.

Some recent announcements:
1. Eagle Hospitality Trust: Resignation of CFO.
2. Eagle Hospitality Trust: Cessation of Substantial Shareholder.
3. Eagle Hospitality Trust: Resignation of Independent Director.
4. Eagle Hospitality Trust: Business Strategic Review and Update.

Mr. Market is coughing blood from COVID-19.

Good or bad, things happen everyday.

When things happen, people react.

How we react will depend on our situations.

When the stock market crashed, I am sure there was a whole gamut of reactions.

Some might find it surprising but the crash didn't affect me emotionally.

Readers who have been following me for a long time might have an idea as to why this is so.





Basically, I have achieved all that I had set out to achieve in order to have peace of mind.

For an idea of what I am talking about, read the following blogs:

1. How much passive income do we need?

2. 4Q 2019 and full year 2019 passive income.

A saying comes to mind once again:

"We only need so much money in life, the rest is for showing off."

Having said this, I still want to grow my wealth.

Yes, it is probably more a want than a need at this point, I feel.






Anyway, as stock prices crash, all else remaining equal, we will get better value for money.

So, with lower prices, I have nibbled at certain stocks.

Which stocks?

See the following blog for some ideas:

3. Largest investments updated.

There isn't a need and I don't really have any motivation either to look at other counters outside the ones listed.

Did I say I nibbled?

Yes, I only nibbled.

I have yet to roll out my war chests.






The COVID-19 situation looks like it is more serious than SARS.

Things are likely going to get worse.

Of course, I still believe that Mr. Market will recover from COVID-19 but it might take longer for it to happen compared to the recovery from SARS.

World Health Organisation (WHO) declared COVID-19 a global pandemic.

COVID-19 cannot be contained anymore.

COVID-19 will spread.

All we can do is to try and slow down the speed at which it happens.






No thanks to Donald Trump, the world economy was already slowing down before COVID-19 happened.

As whole countries lock down and economic activities slow to a crawl, it is only natural for recessionary pressure to set in.

More bad news is to be expected in the coming weeks and months.

Having said this, I will stay invested because I believe my businesses will continue to pay me even so.

What about increasing exposure to stocks?

Like I said, I have nibbled at some stocks as their prices plunged but I am in no hurry to buy a lot more.

There could be some rebounds in stock prices as, in a bear market, prices go down a river of hope.

However, until I see signs of the downtrend breaking or, better still, a trend reversal, my war chests stay locked.






Like I told a friend recently, stay calm and play Neverwinter (or anything else that we enjoy).

My mind is at peace and it will probably stay that way.

Yours should be too.

Until the next blog, wash our hands more often, practice good hygiene and stay safe.

We should always try to remember that there are more important things in life than money making.







Related post:
Mr. Market is sick and AK talks to himself.
(Read the comments in the comments section of the blog if you have not done so.)

Mr. Market is sick from COVID-19 and AK talks to himself.

One reason why I have not been blogging as much is that I don't really have anything new to say.

Yes, to be fair, we cannot blame it all on my adventuring in Neverwinter.

Anyway, although I won't really be saying anything new, I am going to blog about investing in the stock market now.

I have received quite a few comments from readers asking about my investments and also what am I doing?

Why?

Mr. Market is pretty sick from the COVID-19.

So, we see stock prices declining and by quite a bit too in some cases.






If you have been following my blog, you would know that I always say it should not matter what I am doing.

What you should be doing matters so much more.

This is because our circumstances are different and vastly different in some cases.

CPF savings in a pie (chart).

Know ourselves and do what we can comfortably and, more importantly, safely do, given our circumstances.

In my retirement, I am mostly investing for income.

I am more concerned with whether my investments are able to generate income for me regularly.

If they are able to do that well, I am quite happy to hold on to my investments.

I would sell if I think that things have changed or if I think that there are better investments for income.

I do a bit of trading from time to time, selling high and buying low.

However, most of the time, I am doing nothing.

It isn't that difficult to understand, really.






I said the following in a couple of blogs before:

1. If we own stocks of good businesses that are able to generate meaningful income for us

and

2. if we did not use borrowed funds or use funds which we might need for other purposes to do so,

why do we have to worry about stock prices going down?






3. If we are disturbed by our investments in the market enough to lose sleep, then, chances are we are probably over invested.

4. If we are clear as to what are our investment objectives, examine if what we are doing now gels with those objectives.

If they don't we could also lose sleep.

The tools and motivations should match.






People do die from the COVID-19 but I am willing to bet that Mr. Market is stronger than us mere mortals.

Mr. Market will recover from the COVID-19.

It is just a matter of time.

"If you worry about corrections, you shouldn't own stocks." Warren Buffett

Related posts:
1. Wuhan coronavirus is war and are we ready?
2. Wuhan coronavirus and REITs.

ComfortDelgro is one of my Dividend Machines.

I have received a number of messages from readers regarding the decline in ComfortDelgro's share price.

Mostly, the question is whether it is a good time to buy.

Regular readers know that AK will avoid answering questions like that most of the time.

However, I can say a few things to myself regarding the situation right now.

If we subscribe to what Warren Buffett says that we should be greedy when others are fearful, then, we should know what to do.

Is the Wuhan coronavirus going to be a permanent fixture?

Are we never going to recover from this crisis?

Well, I am inclined to believe that the CEO of DBS is correct.

Things will improve come summer as the virus will not do well in warm weather.

Simply put, we will recover from this Wuhan virus crisis just like we recovered from the SARS crisis.

It will take time, of course, but I do not doubt that we will recover.

What?

Cannot call it the Wuhan virus?

The official name is COVID-19?

Alamak.

Why not call it the Chinese Flu so that we know where it is from?

If you ask me, I think the WHO has to give China face lah.

Before beating the dog must see who is the owner, right or not?

Why can have Spanish Flu but cannot have Chinese Flu leh?

Ahem.

Anyway, I still think that ComfortDelgro is a good Dividend Machine.

I have nibbled at ComfortDelgro as its share price declined.

I hope I am smart enough to buy more if Mr. Market goes into a deeper depression.

On that note, in case you missed my blog on Dividend Machines or if you are thinking about signing up but have yet to do so, please note that application for the class of 2020 closes this weekend.

If you are really interested in learning about investing for income in a structured manner, sign up now or you would have to wait till next year for the next intake.

Find out more or sign up: HERE.

Related posts:
1. CPF and Dividend Machines.
2. Incomplete analysis: ComfortDelgro.

Recently published:
AK tries streaming on Twitch.

AK tries streaming on Twitch.

A friend suggested that I should try streaming my adventures in Neverwinter.

The streaming platform is called Twitch.

I only discovered Twitch a few months ago and I do enjoy watching some streamers adventuring in Neverwinter.

I have not thought of streaming my adventures in Neverwinter as I don't have any desire to socialise very much when I am adventuring.

Well, I don't have a desire to socialise very much most of the time.

Yes, I know.

AK is mental.





I do party up for some group content from time to time.

I am also active in certain guild building activities.

However, most of the time, I just like spending time in Neverwinter by myself.

Recently, I made some videos of my adventures in Neverwinter as a way to keep in touch with readers here in ASSI.

I also like that I have picked up a new and interesting skill.

In the last few days, I thought why not try to keep in touch with readers using Twitch?

It took me a few days to figure things out and it took me a while to set things up.

I don't know if I have done it correctly but if you like, you can try following me on Twitch.

My Twitch channel is:

https://www.twitch.tv/utherkaze

If you hit the "follow" button in my Twitch channel, you will be notified whenever I am streaming Neverwinter.

Following is probably a good idea because I won't be sticking to any schedule.

I will stream only when I feel like it.

If I do stream and if you happen to be free, come and take a look.





To be honest, I don't know if this will have any longevity.

For now, I am just trying things out.

Related post:
Demon and dragon slaying!