My Investment Portfolio - SG (End Dec 2022)

Transactions made:

- Added  units of Mapletree Industrial Trust at $2.15 via scrip dividends

I did not manage to buy any shares during the month of December. My stock alerts did not get trigger at all. Basically, I am just waiting for opportunities to add stocks. 

In the meantime, I will just collect dividends and wait until an opportunity arises or I my hands are itchy. 

Dividends received* during the month: $1202.40 (Mapletree Pan Asia Commercial Trust, Mapletree Logistic Trust, Singtel, ST Engineering, Frasers Logistics & Commercial Trust)

Total dividends received in 2022: $13,471.72

Average dividends per month^: $1,122.64

Total Portfolio Market Value: $329,177.33

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, T-bills and Foreign Stocks

^ Divided by 12 months regardless of month of the year. 

2022 Review & Dividends

2022 would be remembered for the Russian invasion of Ukraine, President Xi's third term and China 'forced' covid19 loosening policies due to increasing protest and unrest. Ironically, the screening of World Cup allowed Chinese Citizens to start noticing that other countries had opened up, could travel to other countries and gather, and are mostly maskless.

My portfolio value is currently in the green at $330,176.74 as I have put in a capital of $315,670.80. Not impressive as I had expected it to be more green. But I guess, I should be happy that it is green and not red. 

Click to enlarge. Some stats are from stockcafe

In the year of 2022, I have collected a total of $13,471.72 in cash dividends, a 35.1% increase compared to 2021. Being able to hit the milestone of $1,000 dividends per month is a significant milestone for me. The journey has been long with many learning points. Also, I am happy that the portfolio average yield has increased to around 4.6%. 

The dividends amount would have been higher, but I decided to take a long term view and chose scrip shares for Mapletree Industrial Trust on 3 occasions. 

In terms of total dividends collected since I started this journey, I have collected $59,271.31.

This year I made a total of 18 transactions. 14 were buy/add/scrip transactions and 4 sell transactions. While many do not bother to track the number of transactions made, I make it a point to do so on a yearly basis. I do so because if there are too many transactions in a year, it could mean that I am too trigger happy and have not been buying or selling at an optimal quantity to minimise transaction fees. Also, if there more sell transactions, it would mean that I would need to review why. Have I been buying stocks that are not fundamentally sound or did I panic sell? As an investor, I should have more buy compare to sell transactions. 

Concurrently, I am working on my wife's portfolio but the difference is that hers has SSB and T-bills.

Portfolio excludes Singapore Savings Bonds, Foreign Stocks.

My Investment Portfolio - SG (End Nov 2022) $1k dividends per month - New Milestone!

 

Stockcafe

Transactions made:

- Added 4,000 units of CapLand China Trust at $1.02

As updated in my 15 Nov post, I liquidated all my crypto from other crypto exchanges. Thankfully, I took out whatever I had in my Gemini Earn as that forms 60% of my crypto portfolio. You can read more here. 

I had intended to deploy my money from crypto into stocks. But after CPI was released in November, the stocks rebounded strongly. I will hold on to this amount first and wait as I felt that the stock market has gotten ahead of itself. The inflation rate is still far from the ideal 2% which Federal Bank is looking at. Also, the employment and wage data are still red hot.

In terms of stock, Keppel Corp is now my biggest holding at 12%, taking over Mapletree Industrial and DBS.

I am so happy that I crossed the $1k dividends per month milestone. While, it has taken 12 painful years to build this portfolio, I am confident that I can sleep soundly with this portfolio even if there is a recession. I am aiming for the next milestone of $1.5k dividends per month next.

I averaged down on CapLand China Trust as my favourite reits have gotten too far ahead and this one seems to be still undervalued. I am partly banging on China re-opening play, but of course, I am not sure the likelihood. Hence, I only bought a bit for now. In the meantime, I have applied for Maple tree Industrial Trust scrip option, choosing the share option instead of cash dividends. I am still convinced that REITS will do well in the long run even though we are in a high interest rate environment. 

Dividends received* during the month: $550.96 (Suntec Real Estate Investment Trust, DBS, Astrea7A1 4.125%320527)

Total dividends received in 2022: $12,269.32

Average dividends per month^: $1,022.44

Total Portfolio Market Value: $331,553.86

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, T-bills and Foreign Stocks

^ Divided by 12 months regardless of month of the year. 

Liquidated all my Cryptocurrencies

I liquidated all my crypto from other crypto exchanges* after losing all my crypto in FTX. Overall, I incurred a loss of around 5 thousand SGD after liquidating all. It was a pity as the Ethereum and Bitcoin that I had was bought during 2017/2018 period. But I felt that it was necessary to liquidate all as FTX bankruptcy is akin to Lehman in the crypto environment. I had absolutely no idea which other exchanges had lend to or had assets tied to FTX. Moreover, FTX had showed a fundamental issue which is of concern, crypto exchanges are using customers assets to leverage without any form of safeguard or guidelines.

It has been a good experience learning crypto. I will reassess going back in when interest rates are cut and FTX's bankruptcy has been investigated. So that I know which other exchanges are implicated. In the meantime, if you are still in, do monitor it closely as liquidity outflows have been happening across the exchanges.

*Fortunately, I redeemed all my cryptos in Gemini Earn on 13 Nov and had withdrew all money out to my DBS bank account on 14 Nov. I have also withdrew all my Coinlist money on 14 Nov. 

My Investment Portfolio - SG (End Oct 2022) In the red or not?

 

Stockcafe

Transactions made:

- Added 2000 units of Mapletree Ind Tr at $2.15

In the 2nd half of October 2022, my portfolio turned red (i.e. in a position of unrealised loss). Then in the last couple of days of October, it turned green again. This was due to the rebound by reits and our local banks. I am expecting the portfolio to just keep fluctuating between green and red for abit. If it stays red, it will be a clear sign for me to buy more.

Mapletree Ind Tr is still the biggest holding in my portfolio. DBS has rose quite abit in the last 2 days after UOB reported very good results. I had intended to buy more CapLand Ascendas REIT to push it up to the top 3 holdings along side with DBS, but its recent rebound means that I will need to wait. I have limited warchest and am mindful to pace myself. This is the best time to buy blue chip stocks if you have a long time horizon.

I am hoping that this downturn will allow me to accumulate more stocks so that I can shorten the time required to hit $1.5k dividends a month. I was hoping to hit $1k dividends a month in November. But it looks like I need to wait till December for this to happen.

The latest news is that OCBC 360 has raised the interest rate on 360 savings account again. I hope DBS multiplier will up theirs soon! 

Dividends received* during the month: $60.36 (CapitaLand Ascott Trust)

Total dividends received in 2022: $11,718.36

Average dividends per month^: $976.53

Total Portfolio Market Value: $315,141.13

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

My Investment Portfolio - SG (End Sep 2022) Exceeding 2021 Dividends! Market is CRASHING!

In recent days or weeks, have you heard or read things like 
- this time, it is different
- this is a different crisis 
- recession is coming do not buy now
- do not buy yet as the market will drop way lower. It is going to crash by
- sell current holdings and buy when they drop further
When such negative news come, I normally buy (pl do not follow me and this is not a buy call).

Transactions made:
- Added 200 units of Mapletree Ind Tr at $2.6097 via scrip dividends
- Bought 3000 units of Mapletree Ind Tr at $2.41
- Bought 2000 units of CapLand Ascendas Reit at $2.65

Mapletree Ind Tr is now the biggest holding in my portfolio with my latest round of purchases. It is always interesting how the basket of stocks fortune change overtime. Keppel DC Reit used to be my biggest holding, but due to the drop in price in the past years, it is now a distance 4th. Then Keppel Corp which used to be in the red and in 3rd place is now in the green and overtaken DBS as my 2nd biggest holding. Always fortunate that when one underperforms, the other will take over. Of Course, when it is a bear market, everything will go down. Overall, I am still positive for now. But probably not for long.

Last year (i.e. 2021), I collected a total of $9,973.18 dividends. I am so happy to have exceeded this amount in the month of September 2022. This reinforces my conviction to buy when the market is down and when everyone is fearful. Stay calm and invest on to collect dividends. I have a very bad habit of buying when the fear is high. 

Whether it was Covid, Global Financial Crisis or Asian Financial Crisis, we, humans have shown that we will always prevail, sometimes through shrew manipulation. This has happened every single time. For me, I just always believe that in the long run, I am better off investing my money in fundamentally sounded companies. High inflation rate will be an excuse for companies to emphasis on productivity (cut headcount, make current staff do more work) and pass prices down the supply chain to protect profit margin. 

This blog itself is a way to tell myself that I have to walk the talk, do what I am convinced of. Hence, I did purchases this month (emphasis, not a buy call..). I will be the first to admit that I do not know how to time the market and do not know when the bottom will be. So I normally just deploy my funds in batches so that even if it goes lower, I will just continue to buy in. But I do know is that the market is likely not at the bottom yet. 

With the current high inflation and interest rate climate, I have fully redeemed all my Singapore Savings Bonds  (SSB) and am deploying them into stocks. I may still apply to one or two batch of SSB. The reason for doing so is because my portfolio is supposed to be more aggressive than my spouse's. So for my spouse's portfolio, I have been deploying more of her warchest into a laddered SSB and the MAS 6 months Treasury Bill (T-bills). You can read more about T-bills here. 

Dividends received* during the month: $1,839.55 (CapitaLand China Trust, Lendlease Global Commercial REIT, Keppel DC REIT, Mapletree Logistics Trust, CapLand Ascendas Reit, Singapore Technologies Engineering Ltd)

Total dividends received in 2022: $11,658

Average dividends per month^: $971.50

Total Portfolio Market Value: $318,643.63

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

MAS Treasury bills (T-bills) - earn higher interest than banks' fixed deposits

I am going to share with you about (i) how you can get better interest rates than putting money into banks' fixed deposits (FD)and (ii) avoid the queues.

First of all, there is the Singapore Savings Bonds (SSB). I have written about SSB and why it could be part of our emergency funds in 2018. In recent months, SSB interest rates had been more and more attractive and I have been building a laddered SSB since then. You can read more about the benefits and features about the the SSB in that post. The best thing I like about SSB is the ability to redeem it early with accrued interest. October 2022 SSB effective interest rate for 10 years is 2.75%. In fact, I am expecting November 2022 SSB to be above 3%! So watch out for it, you have been informed in advance. 

I am not going to waste time writing about SSB since you can find more under the SSB label. Instead I want to share more about Treasury bills (T-bills). 

Since late July, I noticed that the Treasury bills (T-bills) have also gotten attractive. T-bills are essentially short-term Singapore Government Securities (SGS) issued at a discount to their face value. Investors receive the full face value at maturity. The Government issues 6-month and 1-year T-bills. 

I have been applying for the last 4 issuance of 6 months T-bills. The recent 6 months T-bill was auctioned at a cut off yield of 3.32%. This is way above any fixed deposits rates offered by any banks in Singapore.

For the 1 year T-bills, there are only 4 issuance in a year. The next one is in mid October. On the other hand, there are more issuance of the 6 months T-bills, twice a month to be exact. You can view the issuance calendar here. Since 6 months T-bills happen more frequently, I shall use the 6 months one as an example.

The next 6 months T-bill will be auctioned on 29 Sep and issued on 4 Oct. You will not know the yield (interest rate) till the auction is over. To apply for the 6 months T-bill, you need to apply for that T-bill via ibanking website (e.g. DBS, OCBC, UOB) at least a day before the auction. So if the auction date is 29 Sep, you can start applying a few days before on let say 26 Sep. You need to apply it a day before the auction date closes (in this case, you need to apply by 28 Sep, 9pm). Do note, you cannot use ibanking mobile application to apply. 

When I mention apply, it actually means you are bidding for that bill. So how to bid? You need to bid :

- the amount you want to put into that T-bill in multiples of $1,000.
- choose whether you are submitting a competitive or non-competitive bid. Non-competitive bid means that you are fine with any interest rate. For competitive bid, you need to indicate the yield.
- (if you choose competitive bid) You need to indicate the yield you want (e.g. 3.33%). 

The last issuance cut off yield was 3.32%. If you had submitted a competitive bid of anything above 3.33%, you will get a full refund of your money. If you had submitted a bid of 3.31% and below, you get full allocation. If you had submitted a bid of 3.32% (i.e. the cut off yield), you will get partial allocation since that is the cut off yield. 

When you have a successful bid, you will be issued the T-bill at a discount to the face value based on that cut off yield. Which means the discount amount will be refunded to your bank account at night on  auction date.

If you had read till the end, here is a bonus for you. There is no application fee for submitting a bid for T-bills.

My Investment Portfolio - SG (End Aug 2022) - Reaching 2021 dividends amount in Sep 2022.

 

Transactions made:
- Bought 400 units of Mapletree PanAsia Com Tr at between $1.91 to $1.94
- Bought 9,000 units of CapLand China Trust at $1.15
- Bought 2,200 units of Mapletree Industrial Trust at $2.55

Good news! I broke my purchase drought and bought some stocks at last. I participated in the MAS 6 months T-bills' auctions on 4th and 18th Aug 2022 with yields of 2.87% and 2.98% respectively. Also, got Singapore Savings Bond for Sep. Latest hot off the press, 1 September MAS 6 months T bill auction yield is 2.99%. 

I reached another milestone tomorrow on 2nd Sep, when ST Engineering dividends get credited in, my year-to-date dividends collected for 2022 would have exceed the dividends collected in whole of 2021 (2021 dividends collected is $9,973.81). I should be able to hit around $13.5k dividends for 2022 if there are no surprises. This would be a new milestone too since dividends per month would hit $1,000. I hope this comes true. 

Dividends received* during the month: $2,783 (Ireit, Comfortdelgro, DBS, Suntec Reit, OCBC, Mapletree Pan Asia Commercial Trust, Wilmar, Keppel Corp, Singtel)

Total dividends received in 2022: $9,818.45

Average dividends per month^: $818.20

Total Portfolio Market Value: $321,321.59

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

My Investment Portfolio - SG (End Jul 2022)

 

No Transactions were made. 

I better wake up my idea soon as I did not add any stocks into my SG portfolio for a second consecutive month. I tried to add in Mapletree Commercial Trust but my order did not get fulfilled. It was a boring month as there was no dividends paid out in Jul. I am looking forward to Aug and Sep as dividends will be paid out.  

I applied for SSB (SBAUG22 GX22080V) for a second consecutive month. This time, I applied using both my wife and my CDP accounts and at a larger amount. This is because SBAUG22 would likely have a higher interest rate for the longer term, but lower interest rate for the first few years. In terms of effective interest rate, it could be higher or lower. But I figure that I should apply as much as possible first since redemption is fairly easy and comes with accrued interest. The results of the SSB just came in, the maximum allocation for each person is $9k. It was $18k last month. So it goes to show how popular SSB has been.    

The SSB for Sep (SBSEP22 GX22090Z) has been announced and as expected, the overall yield dropped. I will still apply for it and redeem by old SSB (i.e. SSB from Sep18). 

Although I did not add anything for SG portfolio, I did add some stocks for the foreign portfolio with JPM, TSM and UL. Been very busy, hence lack of updates on foreign portfolio. 

Dividends received* during the month: $0

Total dividends received in 2022: $7,035.45

Average dividends per month^: $586.29    

Total Portfolio Market Value: $307,488

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

My Investment Portfolio - SG (End Jun 2022)

 

No Transactions were made. 

As shared in my May post, I went ahead and applied for the Singapore Savings Bond SBJUL22 GX22070T during the month of June. The effective interest rate is 2.71% over 10 years which is great considering that I am parking part of my emergency fund in it. It is important to make my money, even emergency fund work hard even when I am sleeping. The Singapore Savings Bond SBAUG22 GX22080V effective interest rate is 3%. I am going to review each SSB month by month since the interest rate will likely keep going up. 

Other than that, I did not make any transactions as several personal events occurred including my family being tested Covid positive across different days followed by my child being admitted in hospital. Glad that I had insurance and could see for myself how much I had to pay with this insurance. These episodes had since ended and I am catching up with work and financial news. Hope to kick start my purchases in the month of Jul and watching out for USA inflation data that will be released in Jul 22. 

Dividends received* during the month: $1,531.15 (Frasers Logistics & Commercial Trust, Mapletree Logistics Trust, Singapore Technologies Engineering Ltd, Mapletree Industrial Trust, Mapletree Commercial Trust)

Total dividends received in 2022: $$7,035.45

Average dividends per month^: $586.29

Total Portfolio Market Value: $295,615.85

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

My Investment Portfolio - SG (End May 2022)

 

From StocksCafe (click image for clearer view)

Transactions made:

- Sold 6,000 units of Astrea V3.85%B290620# at $1.022
- Sold 7,500 units of Astrea VI3%B310318# at $0.986
- Sold 4,000 units of Old Chang Kee at $0.685
- Bought 6,000 units of Astrea7A1 4.125%320527 at $1.00

I sold off all my holdings that I got from my applications for Astrea V and VI in the past years as I wanted to switch them to Astrea 7A1 which has higher yield. Managed to get allotted with 12,000 of Astrea 7A1, of which I alloted half to myself, the other half to my wife's portfolio. 

From StocksCafe (click image for clearer view)

While I had expected to receive record dividends for month of May 2022, I did not expect to receive $3,414.80 dividends, an amount which was double that of May 2021. This shows how important it is to remain vested in the market no matter how high or low it goes, build on the portfolio bit by bit and be disciplined. I am really hoping the market remain as it is so that I can get at least $12.5k dividends this year. It is an important milestone for me as it would mean that my monthly dividends would exceed $1k per month (12k per annual). 

I have been watching Singapore Savings Bond (SSB) very closely in the last couple of months and am doing a reshuffling. I am currently redeeming my SSB for SBJAN19 GX19010T and SBFEB19 GX19020V. After which I plan to use part of the proceeds to apply for JUL22 SSB which opens for applications in Jun. The wonders of SSB which allows early redemption with accrued interest are stated in my previous post. You can read more here. 

Dividends received* during the month: $3,414.80 (Comfort Delgro, Suntec Reit, DBS, OCBC, Raffles Medical, Wilmar, ST Engineering, Keppel Corp)

Total dividends received in 2022: $5,504.30

Average dividends per month^: $458.69

Total Portfolio Market Value: $301,640.38

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

My Investment Portfolio - SG (End Apr 2022)

 

From StocksCafe

Transactions made:

- Added 2,600 units of Lendlease Reit at $0.72 from preferential offering

The remaining units that I got from the preferential offering was allotted to my wife's portfolio. I had also bought Keppel DC Reit in April at $2.08 and allotted them to my wife's portfolio. 

Many of us worry about rising interest rate (which leads to higher borrowing cost for reits) and electricity cost (which impacts data centre which uses quite a fair bit of electrcitiy). I think that we are overly worried. Interest rate and electricity cost affects all reits and all businesses. There are mitigation measures that can be taken. 

For increase borrowing cost (rising interest rate) businesses, including reits have operated in rising interest rate environment before. Keppel DC already has hedged 76% of loans, average cost of debt is 1.8% and weight average debt tenor is 3.8 years. A 100 bps change would have an approximately 1% impact to 1Q 2022’s DPU. 

For rising electricity cost, depending on type of contracts, the electricity cost are paid by the tenants. Today's announcement from Keppel DC: "Based on existing contracts in place, a further 10% increase in electricity tariffs from 1Q2022 would have an impact of approximately 0.009 cents per Unit to 1Q2022 DPU on a pro forma basis." It means 10% increase will decrease quarterly DPU by around 0.35%. 

With each new lease renewal, I am sure they will find ways to pass this cost to tenants or increase the rental amount. More importantly, when cost increases, businesses will just pass the cost down. End consumers are the ones who bear the cost. Consumers being squeezed by high inflation will cut down on items such as dining at restaurants, cab rides, cheaper laptop/ phones etc. But they are not going to cut down on surfing the internet, playing games, creating accounts, storing data etc. Data centres will still be in demand. Btw I do not time the market or do TA. But of cos if the management screw up on FA, I will cut this stock off.

Meanwhile the banks (DBS, OCBC and UOB) just realised their latest quarterly result. All 3 banks reported 10% decrease in net profit compared to Q1 last year. 

Dividends received* during the month: $414.76 (DBS and Lendlease Reit)

Total dividends received in 2022: $2,089.50

Average dividends per month^: $174.13

Total Portfolio Market Value: $323,026.54

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

My Investment Portfolio - SG (End Mar 2022)

 

Transactions made:

- Sold 1,000 units of Mapletree NAC Tr at $1.23

Thanks to Mapletree, I sold off my Mapletree NAC Tr that I held since IPO. But as a MCT shareholder (and I have more money invested in MCT), what is this merger for ? National Service? Sigh...

There will be upcoming Preferential Offering for Lendlease Reit which I will likely apply for, along with excess units. Somehow market seems to have recovered. I never got to dip into my 2nd deployment to buy more stocks. 

Dividends received* during the month: $1,383.98 (Mapletree Logistics Trust, IREIT Global, Lendlease Global Commercial REIT, Ascendas REIT, Keppel DC REIT, Ascott Residence Trust, ASTREA VI S$382M3%B310318)

Total dividends received in 2022: $1,674,74

Average dividends per month^: $139.56  

Total Portfolio Market Value: $325,894.73

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

My Investment Portfolio - SG (End Feb 2022)

 

Transactions made:
- Bought 2,000 units of CapLand China Trust at $1.16 

Adding shares for the third consecutive month. This time, its CapLand China Trust, a new holding. I had also purchased Ascendas Reit last month, but decided to allocate them to my Wife and Children portfolios. I normally update my purchases via my InvestingNote account on the day of purchase, when CDP sends the sms notification at night. If you want to see a more timely update of transactions, you can see through that mode. 

Reits have been beaten down quite badly over the past few months. Honestly, hand on heart, I do not understand the logic. Hence, the Reits purchases over the last 3 months. Yes, I know, interest rates will increase, but lets not forget the following:

a) Reits and Business Trust with good management have been hedging their interest rates and most of        them have more than 70% of their borrows at fixed interest.

b) Their Debt Tenor (Years) is a few years. It will take sometime for them to feel the full effect of the hike in interest rates. The longer the debt tenor, the better.  For example, if 10% of the loan is due in FY 22/23, then these 10% will probably be borrowed by them at a higher interest rate while the 90% will still be at current rate (before the hike).

c) Increase in borrowing cost, impacting amount available to distribute to shareholders. But lets not            forget that they are able to increase rental as inflation continues (end of the day all prices increase          and consumers lose out especially those who put bulk of savings in bank account that earns less than      0.5% interest rate)

d) They have all gone through a period of interest rate hikes before in the 2000s and 2010s and been           paying out decent dividends. For example, Keppel DC Reit's highest Avergae Cost of Debt (%) was       2.5% in 2015. It was 1.6% in 2021. Take a look at its share price and DPU a few years after 2015.           Take a look at other Reits if you need to. 

I do not really have time to give more details. So this will be it for now. But point I want to make is, Reits are still solid holdings. I have split my warchest into a few tranches and am waiting to do my 2nd deployment if it continues to go down. Hand on heart, I know nuts about timing the market or TA. So I do not time the market. I know clearly, I can never stock pick and buy at the lowest point. 

I am also watching out for SSB interest rate. If it goes up more, I will put some more emergency funds into SSB.  

The recent war that started last week will continue to cause turbulence in the market. Supply chains, oil prices, commodity prices will be impacted as they are all intertwined. Companies that are listed crossed the different value chains of the industries will eventually be 'forced' to raise their prices and pass down increase in cost to end-consumers to protect their profit margin and answer to their stakeholders. So it is important to stay vested and have warchest ready to be deployed when need be. 

I hope the war will end soon. The lives that are lost and damage to environment are irreversible. Why look for other planets to stay in when we cannot even take care of Earth. Even if we find another planet to stay in, we will probably damage that planet since our track record has already been proven.

Dividends received* during the month: $45.6 (Suntec Reit)

Total dividends received in 2022: $290.76

Average dividends per month^: $24.23    

Total Portfolio Market Value: $310,449.57

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

My Investment Portfolio - SG (End Jan 2022)

 

Transactions made:
- Bought 3,000 units of Mapletree Com Tr at $1.81
- Bought 2,000 units of Mapletree Ind Tr at $2.63

I could not resist the Reits sales in Jan. Reits got sold down due to pending interest rate hikes which would result in higher borrowing costs. To me, it is really not a big deal as Reits have gone through this cycle in the past.

Meanwhile the sleeping tigers like Keppel Corp and Singtel looks like they are stirring and about to roar and make their presence felt. 

A slow start to dividends collection in Jan. By end of this year, I should be able to get at least $12,000 worth of dividends. Fingers Crossed! 

Dividends received* during the month: $245.16 (Mapletree Logistics Trust, Singtel)

Total dividends received in 2022: $245.16

Average dividends per month^: $20.45

Total Portfolio Market Value: $306,807.47

* Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway

^ Divided by 12 months regardless of month of the year. 

Guide - Depositing USD Funds into FTX.com (Bankrupted)

FTX is undergoing Bankruptcy. Do not deposit. This post is not deleted for KM purpose. 

This post is meant as a step-by-step guide on how you can deposit USD funds in FTX.com. Depositing USD allows you to buy, sell and store cryptocurrencies such as Bitcoin, Ethereum, Matic (Polygon) and even dogecoin. FTX also allows you to lend your USD or cryptocurrencies while you HODL on to them. 

I have earned USD 26.51 interest from lending out USDT, RUNE, USD and SOL. Been using FTX since Sep, after MAS advisory for Binance to stop doing business in Singapore.

I use my DBS (POSB) bank account for depositing USD as there are no fees for same day overseas transfer. 

Let's start with the guide:

1. Deposit USD funds into FTX. Click the light blue circle icon and then select "Wallet".

2. Click on "Deposit".

3. Click on "Make a deposit".

4. Click on "Deposit" at the row under USD.       

5. Click on "Deposit Via Wire".

6. Indicate the amount of USD you want to deposit, then click on "Submit".

7. The wire instructions will be shown. Take note of your unique account identifier. You need this code for keying into your local bank when doing overseas remit.

8. Login to your POSB/DBS ibanking account. Select "Transfer" and click on "DBS Remit and Overseas Transfer".

9. Select United States. Key in how much you want to deposit. Then click "Start a new transfer". 

10. Key in the wire instructions details provided by FTX (Step 7). USD amount has to tally with Step 6.

IMPORTANT!! Your unique account identifier has to be keyed into “Payment details for Recipient”. Double check details before clicking next and submit the transaction. You can fill in as per what is in the images above. But do note this is accurate as of Dec 2021. You need to check the instructions given as the details may change.

Do note that you need to use your own bank account with your name that tallies to FTX. You cannot use a joint account as there will be another name tagged to that account which does not tally with FTX's data.

11. Wait for the USD to be deposited into your FTX. DBS typically clear the remit within minutes. Thereafter, processing is handed over to Silvergate and FTX. Deposit will be in FTX in about 1 to 2 working days (USA working timings). During my last deposit, I did the DBS remit at 8pm (SG timing) on Friday and received my funds in FTX at 8.10pm. It is that fast! 

Need a FTX referral link? You can use this link and get 5% discount off your trading fees. 

For other crypto links such as Gemini, Celsius or Blockfi, you can refer to this link.

This is not a buy call for anyone to go into cryptocurrency trading/investment.

My Investment Portfolio - SG (End Dec 2021)

 Transactions made:

- Added 2,000 units of Mapletree Logistic Trust via Preferential Offering at $1.84

I am glad that I got excess units from Mapletree Logistic Trust. The bulk of which was allotted to my partner's portfolio. 

I had a few standing orders in Poems, but none got fulfilled. Meanwhile, the news on MCT and MNACT merger is out. 

Dividends received* during the month: $911.72 (Mapletree North Asia Commercial Trust, ASTREA V S$315M3.85%B290620, Frasers Logistics & Commercial Trust, Old Chang Kee, Mapletree Logistics Trust, Mapletree Industrial Trust)

Total dividends received in 2021: $9,973.81

Average dividends per month: $831.15

Total Portfolio Market Value: $302,018.33

*Dividends are recognised after payment date. Average dividends per month is calculated by dividing the dividends received by 12 months regardless of the month. 

Portfolio excludes Singapore Savings Bonds, Foreign Stocks, Crypto and Stashaway