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Transactions made:
- Added 2,000 units of Ascendas Reit at $2.75
The last time I purchased a stock was in Feb. I am glad to have bought something again after three months. Ascendas Reit is a stock in which I had been eyeing and I am glad to have added it as it gives a yield of just above 5%. This purchase is really for the long term as the USA Fed Bank may not be cutting interest rate this year. I had also added more of this stock at $2.69 for my wife's portfolio.
In the meantime, I am keeping a close watch on the other Reits and even Singapore Banks. Mapletree Industrial Trust has dropped quite a fair bit and the price looks so tempting. I might add on the stock next week if it continues to drop.
As for the Singapore banks, I am keeping a close watch because historically they tend to peak 6 months before USA Fed Bank cut the rates. They have already fallen from the peak and now the question is how much more will the price drop. I am actually looking at purchasing more DBS at around $25.5 as the price to book ratio will be 1.2 then. Currently, DBS price is at $30.6 with a book value of $21.41. This means its price to book ratio is 1.43, which is above its 5 years average.
One interesting note. There has been sexy big terms in investing such as Sustainable Investing, Responsible Investing, Eco-Investing, Green Investing and the list goes on and on. Recently, I noticed a new term called Impact Investing. We humans are really good at innovation and marketing.
Dividends received* during the month: $4,082.18 (Suntec Reit, Astrea 7 Class A-1 Bonds (4.125%), Raffles Medical, DBS, Mapletree Logistics Trust, Oversea-Chinese Banking Corp Ltd, ComfortDelGro, Wilmar, Keppel Corp, Singapore Technologies Engineering Ltd)
Total dividends received in 2023: $7,603.03
Average dividends per month^: $633.59
Total Portfolio Market Value: $340,214.4
