tag:blogger.com,1999:blog-90115773381157641802024-03-14T00:44:52.192+08:00Dividend Tech WarriorMore Wealth with Less Work! Power Of CD! Power Of Tech!Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.comBlogger311125tag:blogger.com,1999:blog-9011577338115764180.post-91068343702295226682024-02-21T21:29:00.003+08:002024-02-21T21:29:23.610+08:00Poof! Goes The CPF SA 'Shielding' Hack <p><span style="font-family: arial;">After the Budget 2024 announcement recently, the local 'Pro-CPF 1M65' community immediately went into meltdown mode. CPF-rich members were bemoaning the removal of the CPF SA shielding hack. Here is my personal quick take on this issue. Perhaps some lessons to be learnt. </span></p><p><span style="font-family: arial;">Unlike other bloggers or influencers out there, I never ever talk about CPF shielding because it is a loophole in the system. Its removal<span style="background-color: white;"> is very much expected. It is called a ‘loophole’. Loopholes are meant to be closed eventually. When shielding was heavily promoted in the mainstream media in recent years, I knew it is only a matter of time before it is removed. To be honest, I am surprised the government allowed it to go on for so long. The lesson here is not to plan your retirement heavily on a loophole.</span></span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXNixYLtZpCqSq0448IUbUJ3WU_Wjwb3BMJEuvJZn5Tp4GWBi3aK0tLlEmWbgTvFZcYJobkQxTTIGwQoBY3MwAEObFfOcG25rCNblgcGCW1dnfLDfY4ZrVfcDt0TWMmfiiYoG9baqiXH_CthLZiBRLXj-fVaM9r4Sgip1lX4P2_Ew_cBNGps12I85rkhWn/s1436/Screenshot%202024-02-21%20at%208.26.24%E2%80%AFPM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1038" data-original-width="1436" height="462" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXNixYLtZpCqSq0448IUbUJ3WU_Wjwb3BMJEuvJZn5Tp4GWBi3aK0tLlEmWbgTvFZcYJobkQxTTIGwQoBY3MwAEObFfOcG25rCNblgcGCW1dnfLDfY4ZrVfcDt0TWMmfiiYoG9baqiXH_CthLZiBRLXj-fVaM9r4Sgip1lX4P2_Ew_cBNGps12I85rkhWn/w640-h462/Screenshot%202024-02-21%20at%208.26.24%E2%80%AFPM.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjZ5Zx8AElAx7qtIPblUGz06QhVFGpJ2hkUXHK-uk2Z_U0_JUHoZNsDbATGGkHkPZP4E0xfoUuSL4CCpcAZw1DYJ6Cd8zkIUtclXNY2HwZyz35O6gYkEmX3mcqOcjuc3BCS09KhfviXsOg739ddM6Qhnj0SAuAAzi1SM6KW0WIORPIKCNLCjySPlCjPm1D/s600/DW%20football%20club.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="480" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjZ5Zx8AElAx7qtIPblUGz06QhVFGpJ2hkUXHK-uk2Z_U0_JUHoZNsDbATGGkHkPZP4E0xfoUuSL4CCpcAZw1DYJ6Cd8zkIUtclXNY2HwZyz35O6gYkEmX3mcqOcjuc3BCS09KhfviXsOg739ddM6Qhnj0SAuAAzi1SM6KW0WIORPIKCNLCjySPlCjPm1D/w512-h640/DW%20football%20club.png" width="512" /></a></div><br /><p></p><p><span style="font-family: arial;">Do not put all your eggs in one basket. It is always prudent to build multiple income streams in our retirement plan. For me, I build my retirement nest egg like a pyramid or a soccer team. Things in life can change fast. Policies can change overnight. Having multiple passive income sources would prepare us to better adapt to changes. </span><span style="font-family: arial;">The only constant in life is change. Learn to roll with the punches and navigate through the changes. </span></p><p><span style="background-color: white; font-family: arial;">Never over-commit to a single retirement instrument. Similar to building a title-winning team. Some clubs go all-in and spent their entire transfer budget on a star striker, but unfortunately he suffers a serious injury and the club’s season goes down the drain. I treat CPF as my ‘goalkeeper’ but I am not spending my entire summer transfer funds on him.</span></p><p><span style="font-family: arial;">Lastly, is sharing really caring? In local slang, we say "Limpei found a good lobang! Mai Gong Bo Jio!" </span><span style="font-family: arial;">I understand the feeling of uncovering a loophole can be exhilarating. You might even feel like a genius, but maybe it is better to curb that enthusiasm</span><span style="font-family: arial;">. </span><span style="font-family: arial;">Maybe next time when we discover a loophole somewhere in the system, let's not get overly excited and go running to produce tonnes of social media content on said loophole before blasting it all over the internet. Food for thought...</span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEip2TsWJDwqmM_Asl0tOsAwzAsy9aG27Sc5Tf0kX7Kf_v-o5ftDh8h66bml4rrO63P40KF8djewIgReCvvu4CbL-H7JWBb9lInD4wCzucvSINHxgnZvLADwC9donsJAFonOAPMcqscq8RqaVcpfdSad8mCFAwPehXnatbF3OybxFVQZlJcnPV3hNbIc71NK/s882/Screenshot%202024-02-21%20at%209.28.17%E2%80%AFPM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="882" data-original-width="480" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEip2TsWJDwqmM_Asl0tOsAwzAsy9aG27Sc5Tf0kX7Kf_v-o5ftDh8h66bml4rrO63P40KF8djewIgReCvvu4CbL-H7JWBb9lInD4wCzucvSINHxgnZvLADwC9donsJAFonOAPMcqscq8RqaVcpfdSad8mCFAwPehXnatbF3OybxFVQZlJcnPV3hNbIc71NK/s320/Screenshot%202024-02-21%20at%209.28.17%E2%80%AFPM.png" width="174" /></a></div><p></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-31238945937861699212024-01-02T20:33:00.002+08:002024-01-02T21:34:16.612+08:00Dividend Warrior's FY2023 Portfolio Update - S$40k Record High Annual Dividends!<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNrQihLVVcIQY9zFw5VHDhUlm-5_gTjq98XXc88hICSE4wmS2_UAn1qtBE3dXI29MVqKFQYbXhUTTIJCSEPwPkuKyDDtWZ7qELe_pNEE54HiWGvUg_uNS5Aj2UNEMntnXHX9WWBYZCR8NkPcVQL7-IdAtXZMNoSEO1z_2-scyTDyHKGfVPUgvdkrZlXVpu/s1976/Screenshot%202023-11-28%20at%202.46.55%20PM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="844" data-original-width="1976" height="274" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNrQihLVVcIQY9zFw5VHDhUlm-5_gTjq98XXc88hICSE4wmS2_UAn1qtBE3dXI29MVqKFQYbXhUTTIJCSEPwPkuKyDDtWZ7qELe_pNEE54HiWGvUg_uNS5Aj2UNEMntnXHX9WWBYZCR8NkPcVQL7-IdAtXZMNoSEO1z_2-scyTDyHKGfVPUgvdkrZlXVpu/w640-h274/Screenshot%202023-11-28%20at%202.46.55%20PM.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEja4TGkw3n3VwdZ1y7jnsWxx4-pi_bYw7NtZ4R3WKmhcHOPhTSK3g4ndv7lMTwiYJnDX4SxcGz8cRYHM-h3wixRN8LaPSzmY6oekLgVgbD-ZIptrQVfwNMjVttSXacWeiEDjV2V0yI9WorXB0VZNELbkCuXY97j_o0pFt8oLUX0uDOFYAIBGT_gAvEE1tiq/s1992/Screenshot%202023-12-30%20at%203.50.00%E2%80%AFPM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="786" data-original-width="1992" height="252" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEja4TGkw3n3VwdZ1y7jnsWxx4-pi_bYw7NtZ4R3WKmhcHOPhTSK3g4ndv7lMTwiYJnDX4SxcGz8cRYHM-h3wixRN8LaPSzmY6oekLgVgbD-ZIptrQVfwNMjVttSXacWeiEDjV2V0yI9WorXB0VZNELbkCuXY97j_o0pFt8oLUX0uDOFYAIBGT_gAvEE1tiq/w640-h252/Screenshot%202023-12-30%20at%203.50.00%E2%80%AFPM.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5IjokIaW5rKjTQ7A9AriqLOq-pVuNIcpbExRe1JWB8KwqwbfFYfwCWkPTJ7LCBeJ8RnwdY2JOz-4SMI8N481WX_bHmIaWLbi0KrWmEmxxy86DdWy1eml96qpts15SYvUN-09oGm43by0ixtVRQsSrc7dOYd2E5-tqsftZXCZDyNOGof7mrKnAZxigKTv0/s1310/Screenshot%202023-12-30%20at%204.15.04%E2%80%AFPM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="852" data-original-width="1310" height="416" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5IjokIaW5rKjTQ7A9AriqLOq-pVuNIcpbExRe1JWB8KwqwbfFYfwCWkPTJ7LCBeJ8RnwdY2JOz-4SMI8N481WX_bHmIaWLbi0KrWmEmxxy86DdWy1eml96qpts15SYvUN-09oGm43by0ixtVRQsSrc7dOYd2E5-tqsftZXCZDyNOGof7mrKnAZxigKTv0/w640-h416/Screenshot%202023-12-30%20at%204.15.04%E2%80%AFPM.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPoakif9ZdOyCFYmZQaAiDAEGugO7rk8Hwgl0S4ISCJt04v69kD31ib-TCJLsW7gwXKFMNyBAYbg29NyfbW-yAPwa9DjCUn97k_DCM2frLXjMBByPBhFu3yDOnr3YWm65KuFx0x7Yz4xHLIGRnYRMwhqGyKImVjBmmDFObwO4gKrxuqzRWieondzzVnV-A/s936/Screenshot%202023-12-30%20at%203.58.10%E2%80%AFPM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="870" data-original-width="936" height="371" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPoakif9ZdOyCFYmZQaAiDAEGugO7rk8Hwgl0S4ISCJt04v69kD31ib-TCJLsW7gwXKFMNyBAYbg29NyfbW-yAPwa9DjCUn97k_DCM2frLXjMBByPBhFu3yDOnr3YWm65KuFx0x7Yz4xHLIGRnYRMwhqGyKImVjBmmDFObwO4gKrxuqzRWieondzzVnV-A/w400-h371/Screenshot%202023-12-30%20at%203.58.10%E2%80%AFPM.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvH2DXbt84VgYpXE7R0W2I2pmUbDfa5XjPCwntUffTRITUo-NG-ZTrCPjxt_Cd55XTeL3negwHGI9HvnpapanRqrFfksX-cpdKTRti_QEKWtha3mDM8fw7AtWIEOjJ_pIKR2Ca8E4gDmPPBFZ4rruwDERE6eZ-wecf5by-QWJyaByY-czNyfralvK011wZ/s626/Screenshot%202023-11-28%20at%202.56.04%20PM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="396" data-original-width="626" height="253" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvH2DXbt84VgYpXE7R0W2I2pmUbDfa5XjPCwntUffTRITUo-NG-ZTrCPjxt_Cd55XTeL3negwHGI9HvnpapanRqrFfksX-cpdKTRti_QEKWtha3mDM8fw7AtWIEOjJ_pIKR2Ca8E4gDmPPBFZ4rruwDERE6eZ-wecf5by-QWJyaByY-czNyfralvK011wZ/w400-h253/Screenshot%202023-11-28%20at%202.56.04%20PM.png" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Equity Portfolio Cost:</b> S$596, 851</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Equity Portfolio Market Value: </b>S$767, 106</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><b style="font-family: arial;">Equity Portfolio </b><span style="font-family: arial;"><b>Unrealised</b></span><b style="font-family: arial;"> Profit:</b><span style="font-family: arial;"> +S$170, 255 (</span><b style="font-family: arial;"><span style="color: #38761d;">+28.5%</span></b><span style="font-family: arial;">)</span></p><p style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b><span style="color: #333333;">Portfolio XIRR (FY2023): </span><span style="color: #38761d;">+11.3%</span></b><span style="color: red;"> </span><i style="color: #333333;">(inclusive of dividends)</i></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Dividends Collected (FY2023): </b>S$40, 139 (</span><b style="font-family: arial;"><span style="color: #38761d;">+15.6</span></b><b style="font-family: arial;"><span style="color: #38761d;">% yoy)</span></b></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><b style="font-family: arial;">Total Cumulative Dividends (2010 - 2023):</b><span style="font-family: arial;"> S$281, 645</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Current Cash & Cash Equivalents (SSB/T-bills):</b> S$37, 000</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><i>(*All figures are accurate as of 29 December 2023)</i></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><br /></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><b><span style="font-family: arial;">Portfolio Actions in Q4 2023:</span></b></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"></p><ul style="background-color: #fefdfa; line-height: 1.4; list-style-image: initial; list-style-position: initial; margin: 0.5em 0px; padding: 0px 2.5em;"><li style="border: none; margin: 0px 0px 0.25em; padding: 0.25em 0px;"><span style="color: #333333; font-family: arial;">Accumulated more Sheng Siong at S$1.54 and S$1.56</span></li><li style="border: none; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; margin: 0px 0px 0.25em; padding: 0.25em 0px;"><span style="font-family: arial;">Accumulated more DBS at S$31.80 and S$32.60</span></li></ul><p><br /></p><p><span style="font-family: arial;"><b>2023 - Weathering The High Inflation Narrative</b></span></p><p><span style="font-family: arial;">There is a saying that a bull market climbs a wall of worries. Despite various market worries, the 'Magnificent 7' US tech names kept trudging higher. Throughout a large part of 2023, the US tech positions I held (Microsoft, AMD, Nvidia & Alphabet) ran up alot on the AI hype while my S-REIT positions continued trending down month after month. Since the tech positions form an insignificant 2% of my overall portfolio, my itchy fingers decided to take profits and rotate the funds into accumulating more blue-chip REITs. I believe inflation would eventually normalise and the US Fed would signal a rate pivot. Currently, Apple and Tesla remain in my portfolio. On hindsight, I should have just let my winners run. Luckily, the late year-end rally in REITs kinda justified my rebalancing. Another lesson learnt. So yeah, besides allocating $30k to SSB in October and November, 2023 basically turned out to be a year of relentless accumulation of quality S-REITs and banks.</span></p><p><br /></p><p><span style="font-family: arial;"><b>Nobody Knows Anything! Stop waiting for the stars to align!</b></span></p><p><span style="font-family: arial;">At the risk of sounding like a broken record by now, I can't help but repeat myself in saying this. Time in market is better than timing the market. There is always something to worry about. Throughout the entirety of 2023, numerous experts, gurus and even self-proclaimed <i>Masters</i> out there were predicting an imminent recession for the US. Small US banks like Silicon Valley Bank & Signature Bank collapsed in days due to bank runs. The once-mighty Swiss banking giant, Credit Suisse, collapsed over one weekend. Central banks around the world kept hiking rates due to sticky inflation. Armed conflicts raging on in Ukraine and Gaza strip. Thanks to all these terrifying global events, f</span><span style="font-family: arial;">inance Youtubers had a field day creating tonnes of fear-mongering videos with scary clickbait thumbnails, talking about economic armageddon. Why? For the views of course! For some morbid reason, humans love doomsday stories. </span></p><p></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/QACGoKb48_0" width="320" youtube-src-id="QACGoKb48_0"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/CGefVf2-U7k" width="320" youtube-src-id="CGefVf2-U7k"></iframe></div><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/87YaO-F-xxA" width="320" youtube-src-id="87YaO-F-xxA"></iframe></div><span style="font-family: arial;"><br /></span><p></p><p><span style="font-family: arial;">Oh, and the thing about inflation is that it measures the <i>magnitude of increase</i> in prices. </span><span style="background-color: white;"><span style="font-family: arial;">After speaking to people around me this year, I found out a lot of them misunderstood ‘inflation’. It is the pace of change in prices. Prices staying high doesn’t mean inflation is high. It’s about year-on-year comparison. The inflation spike and peak is behind us. As a result, this</span></span><span style="font-family: arial;"> surprise year-end rally caught almost everyone off guard. By sitting out of the market, we risk missing out on the best days. By the time you withdraw capital from fixed income instruments, the market has already run up substantially. So once again, it has been proven that nobody truly knows what will happen to the economy. Not Warren Buffett, not Jerome Powell. A simple plan rigorously executed now is better than a perfect plan executed much later. Some people think if they wait long enough, the stars will align and the perfect buying opportunity will emerge. Timing the market bottom is a fool's game. Don't cling onto perfection. There is no perfect moment to invest. Say goodbye to perfection.</span></p><p><br /></p><p><b><span style="font-family: arial;">Achieved Record High Annual Dividends and Portfolio Value</span></b></p><p><span style="font-family: arial;">In my previous post, I mentioned that I would ignore the 'noises' and ride out the storm as per my modus operandi. Lo and behold! My consistent accumulation of REITs throughout the rate hike cycle has been rewarded. Patience is bitter, but its fruit is sweet. Patience is power. Singapore REITs staged a fierce rally over the Christmas festive period, helping to boost my portfolio XIRR into positive territory. I got to enjoy both capital appreciation as well as dividend income growth. Right now, investors are scrambling to rebalance and reposition their portfolio for the rate cut cycle in 2024. Well, I already planted the seeds back in 2022 and 1H2023. </span></p><p><span style="font-family: arial;">If I would to sum up the year 2023 with regards to the investment industry, it is that <i>nobody knows anything</i>. Just stay the course. Resist messing around with a winning formula. Let the compounding effect picks up pace. Once the snowball starts going, it goes! Our portfolio is like a bar of soap. The more we touch it, the less we have. Avoid over-tinkering. Just leave it alone and go live your life, which brings me to my next point.</span></p><p><span style="font-family: arial;"><br /></span></p><p><span style="font-family: arial;"><b>Creating A Lifetime Of Vacations</b></span></p><p><span style="font-family: arial;">The highlight of 2023 has to be my first ever trip to Bangkok, Thailand! Beautiful city, friendly people and tasty local food. Truly the Land of Smiles! A return visit is definitely on the cards in 2024. Also planning a trip to Tokyo, Japan this year. That's the beauty of dividend investing. My overseas trips can be 'sponsored' by my dividend income stream, thus creating a lifetime of vacations. Power of CD! 💪</span></p><p></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/vVISKcH2DB4" width="320" youtube-src-id="vVISKcH2DB4"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/BfHc0c_ddfc" width="320" youtube-src-id="BfHc0c_ddfc"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/x_Kf4_dUgRY" width="320" youtube-src-id="x_Kf4_dUgRY"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><span style="font-family: times; font-size: large;"><div style="text-align: center;"><b><i>~ New Year! New Dreams! New Ways! ~</i></b></div></span><p></p><p></p><div style="text-align: center;"><span style="font-family: times;"><b><i><span style="font-size: x-large;">Happy New Year, everyone! </span></i></b></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><b style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: helvetica; font-size: medium;"><i><p><b style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: helvetica; font-size: medium;"><i><br /></i></span></b></p>Follow me on Twitter at</i> <a href="https://twitter.com/DivyWarrior" style="color: #d52a33; text-decoration-line: none;" target="_blank">https://twitter.com/DivyWarrior</a></span></b><p></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-65479471805896669832023-10-08T22:18:00.005+08:002023-10-13T18:23:46.334+08:00Dividend Warrior's 9M2023 Portfolio Update - Ride Through The High Rate Environment!💪<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0IU9uZvc3qSvI4CI3yQXvX1fMvZ39mtbbcTNVrOOpizZWAegcLYnJi4RMe63oFmbjZECWOxXI3TfUUMGYb35oB3hBfICVG3PQGLnF22HS6kJtfAi-F-1nHuxvQlDhBn8cikHDONaWXt70dtnNIGyrO5ecwVxkR4tzxTYEOfIOUAV7sfTpaUud7o4ZlW2R/s1984/Annual%20dividends%20history.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="836" data-original-width="1984" height="270" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0IU9uZvc3qSvI4CI3yQXvX1fMvZ39mtbbcTNVrOOpizZWAegcLYnJi4RMe63oFmbjZECWOxXI3TfUUMGYb35oB3hBfICVG3PQGLnF22HS6kJtfAi-F-1nHuxvQlDhBn8cikHDONaWXt70dtnNIGyrO5ecwVxkR4tzxTYEOfIOUAV7sfTpaUud7o4ZlW2R/w640-h270/Annual%20dividends%20history.png" width="640" /></a></div><br /><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGq5Qrx7SrRHCHp1g6B47QdHD86HjaPl2nb5vOC2h2xPjjJpVt1sLIHtEe_RSNpS1thsRsLUAUeUMFTBp1QBu-d4SecxJcn9E32zvG_GpZml49fJdQ_78gA1RBDbpifaiIUWWvqpK_e5W7a0NaHcpArL7ZmT90VwdCl6_WFKC1NyW-8VkAZyKdzcO8hvKt/s2000/Screenshot%202023-10-08%20at%208.55.46%20AM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="770" data-original-width="2000" height="246" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGq5Qrx7SrRHCHp1g6B47QdHD86HjaPl2nb5vOC2h2xPjjJpVt1sLIHtEe_RSNpS1thsRsLUAUeUMFTBp1QBu-d4SecxJcn9E32zvG_GpZml49fJdQ_78gA1RBDbpifaiIUWWvqpK_e5W7a0NaHcpArL7ZmT90VwdCl6_WFKC1NyW-8VkAZyKdzcO8hvKt/w640-h246/Screenshot%202023-10-08%20at%208.55.46%20AM.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiW-0pGmzx29arwoDd8P3MnZluDLF5KGVkHg8Aqnegkj2_a_d8Uswu3JKmUmvKVcbWBF9cLeFt9lYElwJ_bkmGOcSST93TTtqwOgi9yE5gVLy26XsVZCvJZhiENgVcSBeOCSMfYacHK2hBQWSJIP2R_J0WWBezcWZR136GrB9zM2EhRqsGd3dN3VKRGdPEl/s1310/Top%2010%20Holdings.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="732" data-original-width="1310" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiW-0pGmzx29arwoDd8P3MnZluDLF5KGVkHg8Aqnegkj2_a_d8Uswu3JKmUmvKVcbWBF9cLeFt9lYElwJ_bkmGOcSST93TTtqwOgi9yE5gVLy26XsVZCvJZhiENgVcSBeOCSMfYacHK2hBQWSJIP2R_J0WWBezcWZR136GrB9zM2EhRqsGd3dN3VKRGdPEl/w640-h358/Top%2010%20Holdings.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRqDSgvBTAGyUt8w6pkm3PbDbtwAnyYrPzfjeIh_GUk-8Bxf3q_aYRwcqDi0My1EKz7byx1ruj-MVzBX6PLfOQIakZkFLnIqukctoc3kWUa9fXEecNSvGit5UhQQHxdjvU1sDcFeSiTxtcvesc345BRJLFXnRdZNNpqJQqfvV5TynBgOTG9Z-ipNlmhJrx/s944/Asset%20allocation.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="944" data-original-width="858" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRqDSgvBTAGyUt8w6pkm3PbDbtwAnyYrPzfjeIh_GUk-8Bxf3q_aYRwcqDi0My1EKz7byx1ruj-MVzBX6PLfOQIakZkFLnIqukctoc3kWUa9fXEecNSvGit5UhQQHxdjvU1sDcFeSiTxtcvesc345BRJLFXnRdZNNpqJQqfvV5TynBgOTG9Z-ipNlmhJrx/w364-h400/Asset%20allocation.png" width="364" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBTT5oKJIbMhPE_50ShcXjJ828Ce0fHgpZxOhKnm9MIzWiOmUWVQRvHQodc6Id-mUBgw28M57zBJcuuLsN5DAcmWQXVVrTpwl5JCzvD_Oy71B6hCR_JOpvj1-zhrdv-SIn_QDjRdFfMkO3Ho3_Z2p3AbPp3in92UxyIO2WLEL6_Hzv1_Kr-CrS3FysOJyY/s936/Portfolio%20allocation.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="874" data-original-width="936" height="374" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBTT5oKJIbMhPE_50ShcXjJ828Ce0fHgpZxOhKnm9MIzWiOmUWVQRvHQodc6Id-mUBgw28M57zBJcuuLsN5DAcmWQXVVrTpwl5JCzvD_Oy71B6hCR_JOpvj1-zhrdv-SIn_QDjRdFfMkO3Ho3_Z2p3AbPp3in92UxyIO2WLEL6_Hzv1_Kr-CrS3FysOJyY/w400-h374/Portfolio%20allocation.png" width="400" /></a></div><p><br /></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b>Equity Portfolio Cost:</b> S$559, 160</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b>Equity Portfolio Market Value: </b>S$704, 902</span></p><p style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><b style="color: #333333; font-family: arial;">Equity Portfolio </b><span style="color: #333333; font-family: arial;"><b>Unrealised</b></span><b style="color: #333333; font-family: arial;"> Profit:</b><span style="color: #333333; font-family: arial;"> +S$145, 742 (</span><b style="font-family: arial;"><span style="color: #38761d;">+26.1%</span></b><span style="color: #333333; font-family: arial;">)</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b>Portfolio XIRR (9M 2023): <span style="color: red;">-7.6%</span></b><span style="color: red;"> </span><i>(inclusive of dividends)</i></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b>Dividends Collected (9M 2023): </b>S$33, 201 (</span><b style="font-family: arial;"><span style="color: #38761d;">+18.7</span></b><b style="font-family: arial;"><span style="color: #38761d;">% yoy)</span></b></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><b style="font-family: arial;">Total Cumulative Dividends (2010 - 9M 2023):</b><span style="font-family: arial;"> S$274, 707</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b>Current Cash & Cash Equivalents (SSB/T-bills):</b> S$43, 000</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><i>(*All figures are accurate as of 30 September 2023)</i></span></p><p><br /></p><p><b><span style="font-family: arial;">Portfolio Actions in Q3 2023:</span></b></p><p></p><ul style="text-align: left;"><li><span style="font-family: arial;">Initiated a position on Sheng Siong at S$1.50</span></li><li><span style="font-family: arial;">Accumulated more UOB at S$27.95</span></li></ul><div><span style="font-family: arial;"><br /></span></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://media.tenor.com/HsgE7fI4vngAAAAC/lt-forrest.gif" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="223" data-original-width="498" height="223" src="https://media.tenor.com/HsgE7fI4vngAAAAC/lt-forrest.gif" width="498" /></a></div><p><b><span style="font-family: arial; font-size: medium;">How I Prepare To Ride Through The Storm...</span></b></p><p><span style="font-family: arial;"><b>1. Diversify Into Recession-Proof, Cash-Rich Sheng Siong</b></span></p><p><span style="font-family: arial;">Q3 2023 had been brutal to REITs as the US Fed signalled higher rates for longer to fight inflation. I foresee REITs' dpu to weaken in the coming quarters. Therefore, it is time to further optimise my portfolio for more sustainable passive income. Actually I already started this recalibration a couple of years back. Distributions from REITs were consistently re-invested into the local banks (DBS, UOB & OCBC), Big Tech & Propnex. These are cash-rich companies with strong balance sheets and business moats. Significantly higher dividend payouts from the banks have helped to mitigate the dip in REITs' dpu. Sheng Siong is my latest candidate. Due to the higher for longer rate environment, I would be pulling back on big REIT buys over the next few quarters. My firepower would switch to accumulating Sheng Siong. I am targeting around 5% allocation for Sheng Siong eventually. </span><span style="font-family: "Helvetica Neue";">Due to sticky high inflation, more families are cooking at home. More value for money. Recent government policies tend to gravitate towards helping low to middle income families with the distribution of <a href="https://www.gowhere.gov.sg/cdcvouchers" target="_blank">CDC vouchers</a>. In 2024, each household will receive $150 CDC vouchers for spending at supermarkets. Sheng Siong should benefit from this assistance package.</span></p><p><span style="font-family: arial;"><br /></span></p><p><span style="font-family: arial;"><b>2. Build A Bond Ladder with SSB & T-bills</b></span></p><p><span style="font-family: arial;">Besides diversifying into recession-proof stocks like Sheng Siong, I am also building up a bond ladder. Starting from October, I would allocate some funds to Singapore Savings Bond and T-bills every month. As long as the yields remain attractive, I would continue to park some of my cash warchest in these fixed income instruments. In the event of a recession next year, I would have sufficient firepower to pounce on any opportunities.</span></p><p><span style="font-family: arial;"><br /></span></p><p><span style="font-family: arial;"><b>3. Just Hold & Collect CD</b></span></p><p><span style="font-family: arial;">In the meantime, I am not throwing the baby out with the bathwater. I would still be holding onto my core REIT positions. No knee-jerk reactions from me. Hold</span><span style="font-family: "Helvetica Neue";"> on to those that can weather the high interest rate environment until the end of 2024. For now, all my major REIT positions have below 40% gearing and a well spread out debt maturity profile (avoid REITs that have huge refinancing needs coming up in 2024). It also helps to have a strong reputable sponsor. </span><span style="font-family: "Helvetica Neue";">The average entry prices of my REIT positions are low, so I can afford to hold. Secondly, over the last 14 years, I have collected more than S$270k in dividends which serves as a healthy buffer. Some investors prefer to cash out everything now and avoid REITs totally until US Fed start to cut rates. Well, I have learnt to</span><span style="font-family: arial;"> stop waiting for the perfect conditions and all the stars to align. Market timing is futile. Being all-in or all-out is mentally exhausting.<span class="Apple-converted-space"> </span></span></p><p><span style="font-family: arial;">Lastly, if you guys are worried about an impending recession, just visit VivoCity and Raffles City on the weekends or even weekdays. The crowd level is simply astonishing. Despite the higher prices at restaurants, business seems good. </span></p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/QxXj9t0sNG4" width="320" youtube-src-id="QxXj9t0sNG4"></iframe></div><p></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/tTKN3IRaLzk" width="320" youtube-src-id="tTKN3IRaLzk"></iframe></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/S1-w9zMPDgU" width="320" youtube-src-id="S1-w9zMPDgU"></iframe></div><p style="text-align: center;"><span style="font-family: times; font-size: large;"><i>"Successful investing is about managing risk, not avoiding it."</i></span></p><p style="text-align: center;"><span style="font-family: times; font-size: large;"><i>~Benjamin Graham~</i></span></p><p><br /></p><p><b style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: helvetica; font-size: medium;"><i>Follow me on Twitter at</i> <a href="https://twitter.com/DivyWarrior" target="_blank">https://twitter.com/DivyWarrior</a></span></b></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-29590136938388669022023-07-04T21:02:00.007+08:002023-07-15T08:34:16.470+08:00Dividend Warrior's 1H 2023 Portfolio Update - Where Is The Recession?<p></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghcDOd3P2TcPLcBYEWGOLyPqS_BcC2VAJzhQFwnyQ1av2-R_KGSU-5pevrkYQAGA2Pxi_R5gdf_IwqwP_s4gz9VpPHuRUqFBxy8qHknw4XQZtp76L9Ye9gAukuzQGxWYl3dow_ofQmFQBrU5X_ZHuvHNjsCKnubWCGZ3zchmFWjMHp_Xt5Juo7xGq2L4o1/s1382/Dividend%20record.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="658" data-original-width="1382" height="304" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghcDOd3P2TcPLcBYEWGOLyPqS_BcC2VAJzhQFwnyQ1av2-R_KGSU-5pevrkYQAGA2Pxi_R5gdf_IwqwP_s4gz9VpPHuRUqFBxy8qHknw4XQZtp76L9Ye9gAukuzQGxWYl3dow_ofQmFQBrU5X_ZHuvHNjsCKnubWCGZ3zchmFWjMHp_Xt5Juo7xGq2L4o1/w640-h304/Dividend%20record.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial;"><i><b>(Total cumulative dividends: S$263, 709)</b></i></span></td></tr></tbody></table><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgx3EBzF2zLuEnbnkOph6MAfsLE4Z_5iyqbTx5fo-bNB5dn1yJu-c9Qh1tZTd38LMBZt5entxp9f_JgufmLjYbR3_sPsNk29dVjqBNkQU_fRybGXjk31TI-Btye5n5Vm6M_OV5JeiGi83b5oP7TETa5B_YSca6geb3TbAMTTjiHtKJcMAYs1sRlUHLa5H7f/s1155/Portfolio%20market%20value.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="465" data-original-width="1155" height="258" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgx3EBzF2zLuEnbnkOph6MAfsLE4Z_5iyqbTx5fo-bNB5dn1yJu-c9Qh1tZTd38LMBZt5entxp9f_JgufmLjYbR3_sPsNk29dVjqBNkQU_fRybGXjk31TI-Btye5n5Vm6M_OV5JeiGi83b5oP7TETa5B_YSca6geb3TbAMTTjiHtKJcMAYs1sRlUHLa5H7f/w640-h258/Portfolio%20market%20value.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWMMwCagO90KMpiq9_CQtBlqozF2vHrS0fzsTrOOCaNprvFT5BYX5bGJSMkBOec2kYX2Hd6v4KpPB_LebdikoVWSlxHLU7w6iaIeb8Ziy4uow18jN0bgRnVF2bpoYr3w-1FJx9EZ9P_YjgWyEsttuskbdFFviLSKcs_VOJF9Uf0J1zr7B6_Z_FdJ3Fk5t8/s757/Top%2012%20Holdings.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="527" data-original-width="757" height="446" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWMMwCagO90KMpiq9_CQtBlqozF2vHrS0fzsTrOOCaNprvFT5BYX5bGJSMkBOec2kYX2Hd6v4KpPB_LebdikoVWSlxHLU7w6iaIeb8Ziy4uow18jN0bgRnVF2bpoYr3w-1FJx9EZ9P_YjgWyEsttuskbdFFviLSKcs_VOJF9Uf0J1zr7B6_Z_FdJ3Fk5t8/w640-h446/Top%2012%20Holdings.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1ZcZyCwzacUm7wM0Zu-EI4wL9fcU0srOEC9VFAxa7FAvkiuz5IfbByoAirx-KsNG-coOXRgyqAvudWjVQLWOpChltBjEPVNChZn51NXaLRjxZKvwz5HWMmXvG4Zk2N1b2152b5zy2mr5h7BX-glV6qIVOaD2uVNaKsrm1RJK49gt8y52cdtVhspFRMCs3/s522/Sector%20allocation.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="436" data-original-width="522" height="334" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1ZcZyCwzacUm7wM0Zu-EI4wL9fcU0srOEC9VFAxa7FAvkiuz5IfbByoAirx-KsNG-coOXRgyqAvudWjVQLWOpChltBjEPVNChZn51NXaLRjxZKvwz5HWMmXvG4Zk2N1b2152b5zy2mr5h7BX-glV6qIVOaD2uVNaKsrm1RJK49gt8y52cdtVhspFRMCs3/w400-h334/Sector%20allocation.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-dPOi0mTcaaZuYF43JWMSFg8j1r2Ii3-Aw_JMGmEe0BecYKMXJmq8TN8J1gV86-JaH2pPyOT120B3hts4t9EFMvV9wEpgDv2Lt_JGaPLPWMkcmKpa5g8Zl7AvfIRhWjss85QwPIKAKZuDYMvihVsIWv0Zom6z5ZQyt4uVA1Jd79v072yKt8LzVQtYEOHE/s502/1H%202023%20Dividend%20Income.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="192" data-original-width="502" height="153" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-dPOi0mTcaaZuYF43JWMSFg8j1r2Ii3-Aw_JMGmEe0BecYKMXJmq8TN8J1gV86-JaH2pPyOT120B3hts4t9EFMvV9wEpgDv2Lt_JGaPLPWMkcmKpa5g8Zl7AvfIRhWjss85QwPIKAKZuDYMvihVsIWv0Zom6z5ZQyt4uVA1Jd79v072yKt8LzVQtYEOHE/w400-h153/1H%202023%20Dividend%20Income.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Portfolio Cost:</b> S$556, 740</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Portfolio Market Value: </b>S$713, 536</span></p><p style="background-color: #fefdfa;"><b style="color: #333333; font-family: arial;">Portfolio Overall </b><span style="color: #333333; font-family: arial;"><b>Unrealized</b></span><b style="color: #333333; font-family: arial;"> Profit:</b><span style="color: #333333; font-family: arial;"> +S$156, 796 (</span><b style="color: #333333; font-family: arial;"><span style="color: #38761d;">+28.16%</span></b><span style="color: #333333; font-family: arial;">)</span></p><p style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b><span style="color: #333333;">Portfolio XIRR (1H 2023): </span><span style="color: red;">-3.7%</span></b><span style="color: red;"> </span><i style="color: #333333;">(inclusive of dividends)</i></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Dividends Collected (1H 2023): </b>S$22, 203 (</span><b style="font-family: arial;"><span style="color: #38761d;">+35.1</span></b><b style="font-family: arial;"><span style="color: #38761d;">% yoy)</span></b></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><b style="font-family: arial;">Total Cumulative Dividends (2010 - 1H 2023):</b><span style="font-family: arial;"> S$263, 709</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Current Cash Warchest:</b> S$21, 470</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><i>(*All figures are accurate as of 30 June 2023)</i></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><br /></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Portfolio Actions in Q2 2023:</b></span></p><p></p><ul style="text-align: left;"><li><span style="font-family: arial;">Full divestment of Nvidia at +37.8% gain</span></li><li><span style="font-family: arial;">Full divestment of Microsoft at +27.1% gain</span></li><li><span style="font-family: arial;">Full divestment of TSMC at +7.6% gain</span></li><li><span style="font-family: arial;">Partial small divestment of Propnex at +359.7%</span></li><li><span style="font-family: arial;">Accumulated more OCBC at S$12.35</span></li><li><span style="font-family: arial;">Accumulated more UOB at S$27.90</span></li><li><span style="font-family: arial;">Accumulated more ParkwayLife REIT at S$3.73</span></li><li><span style="font-family: arial;">Accumulated more Frasers CentrePoint Trust at S$2.18</span></li></ul><p></p><p><br /></p><p><span style="font-family: arial;"><b>A.I. Driven Rally & Bumper Dividends from banks in Q2 </b></span></p><p><span style="font-family: arial;">Thanks largely to significantly higher dividend payouts from the three local banks in Q2, total dividends collected in 1H2023 has increased 35.1% yoy compared to <a href="http://dividendsrichwarrior.blogspot.com/2022/07/dividend-warriors-1h-2022-portfolio.html" target="_blank">1H2022</a>. The Artificial Intelligence (AI) mania has taken the US markets by storm, pushing big tech stocks to new all-time highs. Yeah, so much for all the talk about a deep recession. Anyone still remember the Silicon Valley Bank & Credit Suisse crisis? Seems like Jerome Powell is going to get his wish of a 'soft landing' for the US economy. I took this opportunity to fully divest my very minor positions in Nvidia, Microsoft and TSMC, which take up 4% of my overall portfolio. I am left with Apple, Tesla, Alibaba and AMD as my current tech holdings. The divestment proceeds were then re-invested in solid banks & REITs as their prices dipped in June. </span><span style="font-family: arial;">You guys know me. BTFD is my preferred style. Before</span><span style="font-family: arial;"> this latest rebalancing exercise, DBS was my top banking position by far. Now, OCBC is my largest banking position, followed by DBS and UOB. Let's take a closer look at OCBC.</span></p><p><br /></p><p><b><span style="font-family: arial;">OCBC's Potential For Higher Dividends & Latest Strategic Refresh</span></b></p><p><span style="font-family: arial;">OCBC's aim to bring its CET1 ratio towards 14% in the short to medium-term translates into roughly S$4.4b of excess capital. So, the bank can potentially raise its dividend payout in the coming years. If OCBC maintains its current dividend payout ratio of 50%, it is poised to be the highest yielding bank compared to DBS and UOB.</span></p><p><span style="font-family: arial;">Auntie Helen and her executive team have been busy. OCBC aims to deliver S$3b in total incremental revenue by 2025, through a focused push into ASEAN-Greater China region. More than S$50m will be invested to build up capabilities in the Greater China market. </span></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/6DeZ092i_BM" width="320" youtube-src-id="6DeZ092i_BM"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9VpWXsAVRT6M6bAf43vJz-sdfC_mBRbRi3-uX9miM8H0JkuvD27CUR_07ED_HJioTnNwQlyFN-l_aL3OfBJN8fXbpv50Xce_YZrSDaynXiStE21tjdHWM6npB9QhnDIBeZLT9rbZQJjtv9uvlIsuZoFjQmgVWwsult8Qg6wpsabFywF-aAF1PsPQeWQRQ/s1758/Screenshot%202023-07-03%20at%208.57.15%20PM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1314" data-original-width="1758" height="299" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9VpWXsAVRT6M6bAf43vJz-sdfC_mBRbRi3-uX9miM8H0JkuvD27CUR_07ED_HJioTnNwQlyFN-l_aL3OfBJN8fXbpv50Xce_YZrSDaynXiStE21tjdHWM6npB9QhnDIBeZLT9rbZQJjtv9uvlIsuZoFjQmgVWwsult8Qg6wpsabFywF-aAF1PsPQeWQRQ/w400-h299/Screenshot%202023-07-03%20at%208.57.15%20PM.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: left;"><ul style="text-align: left;"><li><span style="font-family: arial;">Aims to double the AUM of its Premier Banking and Premier Private Client segments in Greater China. The number of relationship managers serving high net-worth customers will double by 2025.</span></li><li><span style="font-family: arial;">Bank of Singapore (OCBC's private banking subsidiary) aims to increase its AUM to US$145b by end-2025.</span></li><li><span style="font-family: arial;">Expand its coverage of SMEs in Hong Kong. Aims to onboard 26, 000 new SMEs over the next 3 years. </span></li></ul></div><div><span style="font-family: arial;">As a long-term shareholder of OCBC, I am positive about OCBC's latest strategic focus on private wealth management. An increasing number of family offices have been setting up their operations in Singapore in recent years as Hong Kong lags behind. After the pandemic, I reckon even more ultra high net-worth individuals (UHNWI) are looking to shift their wealth out of China into safe havens such as Singapore. Some say Singapore is becoming the Switzerland of Asia. The huge influx of foreign wealth prompted the government to <a href="https://www.channelnewsasia.com/singapore/property-cooling-measures-absd-additional-buyers-stamp-duty-doubled-foreigners-increase-3446376" target="_blank">raise the ABSD tax</a> to cool down the property market in April.</span></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/ZKkMQSgV5Y8" width="320" youtube-src-id="ZKkMQSgV5Y8"></iframe></div><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/MmOwuPZV-F0" width="320" youtube-src-id="MmOwuPZV-F0"></iframe></div></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;"><br /></span></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">Asia is entering a phase where tremendous family wealth is being transferred from the Boomer generation to the Gen Z and millennials. In Singapore, we call boomers the '<a href="https://www.moh.gov.sg/healthcare-schemes-subsidies/merdeka-generation-package" target="_blank">Merdeka Generation</a>'. OCBC can ride on this biggest wave of inter-generational wealth transfer in history. Target the rich. </span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/KOOwTeL-HZg" width="320" youtube-src-id="KOOwTeL-HZg"></iframe></div><br /></div><div class="separator" style="clear: both; text-align: left;"><span style="font-family: arial;">Let's face it. Since the middle-class is getting burnt and squeezed dry, the upper elite class is the only place left for businesses to exploit for future growth. Just look at how people are spending on luxury goods and designer brands despite the high inflation. The UNWI simply do not feel the impact of macro economics. As the birth rate drops rapidly in China, more family wealth will eventually end up in fewer hands. In my opinion, the wealth gap will probably become even wider in the coming decades as Gen Z and millennials start to receive their inheritance and take over the reins of their family businesses.</span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/DNbLHrVQ9ew" width="320" youtube-src-id="DNbLHrVQ9ew"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><span style="font-family: arial;"><b>Get Wealthy in Stealth & Spend On Long-term Value</b></span><br /><p><span style="font-family: arial;">As I get older, I start to appreciate the value of stealth wealth. Don't be flashy. Don't flaunt. Spend within my means. My spending philosophy is to go for long-term value. </span><span style="background-color: white; font-family: arial;">Just because you can afford something expensive doesn't mean you have to buy it. You need to evaluate if that Chanel, Gucci, Prada, LV or Hermes handbag actually add long-term value to your life or is it going to collect dust on the shelf.</span><span style="font-family: arial;"> <span style="background-color: white;">If I use something on a regular basis, I am willing to pay more for better quality. Example, a comfy pair of sneakers, firm bed mattress, premium laptop, quality food etc. </span></span><span style="background-color: white; font-family: arial;">My two cents worth on personal budgeting. <i>Never spend everything like it is your last day on Earth. Don’t save everything and forget to live</i>.<i> Balance is key! </i></span></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/4eWGuBpezZk" width="320" youtube-src-id="4eWGuBpezZk"></iframe></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/zq7Lbt34dfM" width="320" youtube-src-id="zq7Lbt34dfM"></iframe></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/LOaqnYrSWyc" width="320" youtube-src-id="LOaqnYrSWyc"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div><i><span style="font-size: large;"><br /></span></i></div><div><i><span style="font-family: times; font-size: large;">Be Silently Rich</span></i></div><div><i><span style="font-family: times;">Dividend Warrior</span></i></div><div><i><br /></i></div><div><i><br /></i></div><div><i><br /></i></div><div><b style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: helvetica; font-size: medium;"><i>Follow me on Twitter at</i> <a href="https://twitter.com/DivyWarrior" style="color: #d52a33; text-decoration-line: none;" target="_blank">https://twitter.com/DivyWarrior</a></span></b></div>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-9031100350688487592023-04-03T20:55:00.004+08:002023-04-15T12:39:08.420+08:00Dividend Warrior's Q1 2023 Portfolio Update - On Track To Exceed S$38k In Annual Dividends!<p style="text-align: left;"></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxMTIVd_LiU4jBhba7xDjV72muhLzFUyZQpm1Z4iq8bbeGP4ML3V2SPXdPoRDd_5emDM7u0z0o7qTKJJWxChDrDWpnTFykK2RKYbNv3zyyFe3zS1W4zRfSTZsaf5sKfkQSOArvO4PZNfomfIfARTwC43OqwGPjQDJiAL83U9ARkbkm4KuOqOElc9esWQ/s2758/Screenshot%202023-04-03%20at%204.46.31%20PM.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1310" data-original-width="2758" height="304" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxMTIVd_LiU4jBhba7xDjV72muhLzFUyZQpm1Z4iq8bbeGP4ML3V2SPXdPoRDd_5emDM7u0z0o7qTKJJWxChDrDWpnTFykK2RKYbNv3zyyFe3zS1W4zRfSTZsaf5sKfkQSOArvO4PZNfomfIfARTwC43OqwGPjQDJiAL83U9ARkbkm4KuOqOElc9esWQ/w640-h304/Screenshot%202023-04-03%20at%204.46.31%20PM.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial;"><i><b>(Total cumulative dividends: S$249, 321)</b></i></span></td></tr></tbody></table><br /><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvwzMygo0-Jv6CBw-qKWOmqd81gan2lyeuNYN0sPAQoH57rWTp30PaWBhSPSRA46Y7icRByq2rMUygw77LFjnyucDWrJYZcAZMIsSXSHSEuRnphCFix96aV1OPEpvwTNelWjFIvfKt7Rv1pjU8wdEXj8e3ejvsoLrrkYqANcfEoJNTrqAtb-2LtCVC2Q/s1283/Portfolio%20market%20value.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="517" data-original-width="1283" height="258" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvwzMygo0-Jv6CBw-qKWOmqd81gan2lyeuNYN0sPAQoH57rWTp30PaWBhSPSRA46Y7icRByq2rMUygw77LFjnyucDWrJYZcAZMIsSXSHSEuRnphCFix96aV1OPEpvwTNelWjFIvfKt7Rv1pjU8wdEXj8e3ejvsoLrrkYqANcfEoJNTrqAtb-2LtCVC2Q/w640-h258/Portfolio%20market%20value.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWmu0FCOupX_UT3z6_kwhY3OnBMaiOHSpeiycE9mq14n4B4sB9EyFXVjlj5hn2LJ8NoS5n5LGP15uN4A8Lxv_A_ltV5CHIS1R0porrE4NV3agoQaSgS74OvIVYQB0TX_8fItowOUW2Kyt5Wd2jwueRXy0hDNs494CpYtzER6aVPYab3XOhGAaxTiT-fg/s525/Sector%20allocation.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="472" data-original-width="525" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWmu0FCOupX_UT3z6_kwhY3OnBMaiOHSpeiycE9mq14n4B4sB9EyFXVjlj5hn2LJ8NoS5n5LGP15uN4A8Lxv_A_ltV5CHIS1R0porrE4NV3agoQaSgS74OvIVYQB0TX_8fItowOUW2Kyt5Wd2jwueRXy0hDNs494CpYtzER6aVPYab3XOhGAaxTiT-fg/w400-h360/Sector%20allocation.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSz68l80W6T_CDqPZOEidk8lz5uOYv8CEPYn6K_kFNlIHNcpXGo12JYFGKOFiUjFXFoO-znQqIDorpjt1ISPim3aEkT7R-x0qSyDKLxyLtXI1ix0jukZXZ8xjXoDQRi95bfaaY9eW_zdEG5VN6jwh-TFTsbiNYYFPUjwYwvR7FbsIKG4k1yMdxIQVpWA/s1284/Screenshot%202023-04-03%20at%201.03.26%20PM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="988" data-original-width="1284" height="492" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSz68l80W6T_CDqPZOEidk8lz5uOYv8CEPYn6K_kFNlIHNcpXGo12JYFGKOFiUjFXFoO-znQqIDorpjt1ISPim3aEkT7R-x0qSyDKLxyLtXI1ix0jukZXZ8xjXoDQRi95bfaaY9eW_zdEG5VN6jwh-TFTsbiNYYFPUjwYwvR7FbsIKG4k1yMdxIQVpWA/w640-h492/Screenshot%202023-04-03%20at%201.03.26%20PM.png" width="640" /></a></div><br /><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b>Portfolio Cost:</b> S$589, 075</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b>Portfolio Market Value: </b>S$740, 355</span></p><p style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b style="color: #333333;">Portfolio Overall Unrealized Profit:</b><span style="color: #333333;"> +S$151, 280 (</span><b><span style="color: #38761d;">+25.68%</span></b><span style="color: #333333;">)</span></span></p><p style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b><span style="color: #333333;">Portfolio XIRR (Q1 2023): </span><span style="color: #38761d;">+12.14</span></b><b><span style="color: #38761d;">%</span></b><span style="color: #333333;"> </span><i style="color: #333333;">(inclusive of dividends)</i></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b>Dividends Collected (Q1 2023): </b>S$7, 814 (</span><b style="font-family: arial;"><span style="color: #38761d;">+43</span></b><b style="font-family: arial;"><span style="color: #38761d;">% yoy)</span></b></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><b style="font-family: arial;">Total Cumulative Dividends (2010 - Q1 2023):</b><span style="font-family: arial;"> S$249, 321</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><b>Current Cash Warchest:</b> S$36, 723</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><i>(*All figures are accurate as of 31 Mar 2023)</i></span></p><p style="text-align: left;"><br /></p><p style="text-align: left;"><span style="font-family: arial;"><b>Portfolio Actions in Q1 2023:</b></span></p><p style="text-align: left;"></p><ul style="text-align: left;"><li><span style="font-family: arial;">Accumulated OCBC at S$12.30</span></li><li><span style="font-family: arial;">Accumulated UOB at S$28.90</span></li><li><span style="font-family: arial;">Accumulated Mapletree Industrial Trust at S$2.33</span></li></ul><p></p><p style="text-align: left;"><br /></p><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><b>Long-Term Compounding On Solid Dividend Payers<br /></b>In Q1 2023, the three local banks raised their dividend payouts. DBS is the leader in this respect by paying out a hefty special dividend. This helps to boost my Q1 2023 dividends by 43% year-on-year compared to <a href="http://dividendsrichwarrior.blogspot.com/2022/04/dividend-warriors-q1-2022-portfolio.html" target="_blank">Q1 2022.</a> On track to exceed S$38k in annual dividends. Alibaba, US Big Tech and blue-chip REITs staged a late rally towards the end of March, thus boosting my portfolio YTD returns into positive territory.</span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><br /></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;">The recent banking crisis in the US & EU sparked fears of financial contagion. Almost everyone was shouting about an impending market crash similar to GFC 2008/2009. Experts were saying the sudden collapse of Silicon Valley Bank & Credit Suisse was the first domino to fall. More bank failures are coming, this is another ‘Lehman Brothers’ moment they said!<span class="Apple-converted-space"> </span></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><br /></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPHGl2UinRv3wvXAs1vMvBjNasv7nRunWjArT3yKdDlhZSzEzLdZAf5aUysZl0pzShXKJU_QStCXZfQZHVQ0dZ0HnsVN_9uu7x5uCInBAFzHZRqhopIpREs1ZLBMThtjQClaE980Y9NJJ2N3iTbXAkxztQc53_gFZa_nXkLqC6yj57Zxt9A2otUPAoYQ/s1218/DBS%20CD%202020-2022.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="766" data-original-width="1218" height="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPHGl2UinRv3wvXAs1vMvBjNasv7nRunWjArT3yKdDlhZSzEzLdZAf5aUysZl0pzShXKJU_QStCXZfQZHVQ0dZ0HnsVN_9uu7x5uCInBAFzHZRqhopIpREs1ZLBMThtjQClaE980Y9NJJ2N3iTbXAkxztQc53_gFZa_nXkLqC6yj57Zxt9A2otUPAoYQ/w400-h251/DBS%20CD%202020-2022.jpeg" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsbgHKOyRvwSPvR1jdjFCXGxiMqYQweIFK7_TiGHOVPm1Pvo9AW7M_N0OTOyYYigWjj8qOWOwc6lTi9J64nYLkKFrb_7ekBRoR1RfNHTVXoG20bNZ1JCINQ2oUdai7Q7b-nB0b81GR7P8mtYTXc1LRnlepzyeAxZXHBx9GbrxFWaN2a8Ek5unM1lW-ig/s2010/Screenshot%202023-04-03%20at%2011.17.58%20AM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="942" data-original-width="2010" height="188" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsbgHKOyRvwSPvR1jdjFCXGxiMqYQweIFK7_TiGHOVPm1Pvo9AW7M_N0OTOyYYigWjj8qOWOwc6lTi9J64nYLkKFrb_7ekBRoR1RfNHTVXoG20bNZ1JCINQ2oUdai7Q7b-nB0b81GR7P8mtYTXc1LRnlepzyeAxZXHBx9GbrxFWaN2a8Ek5unM1lW-ig/w400-h188/Screenshot%202023-04-03%20at%2011.17.58%20AM.png" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeIQdmfvhQtxrGDzY1zU82MkqdHYLuvdlXCLDxguUDe9hIVecrXZkN3rqlPP5X-2S_Nbk0HVDfyDCSSiAGSYvT0jbtR5d1A2QQOCTI0QPdXOrfBz_FTFEVjqmgd3v6_63rUoW-ccq-mu7x3Jhtq1EpCbVlTCZlgfOEas0tV1PgHLziJDgllV9XdJo95Q/s2134/Screenshot%202023-04-03%20at%2011.27.36%20AM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1178" data-original-width="2134" height="221" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeIQdmfvhQtxrGDzY1zU82MkqdHYLuvdlXCLDxguUDe9hIVecrXZkN3rqlPP5X-2S_Nbk0HVDfyDCSSiAGSYvT0jbtR5d1A2QQOCTI0QPdXOrfBz_FTFEVjqmgd3v6_63rUoW-ccq-mu7x3Jhtq1EpCbVlTCZlgfOEas0tV1PgHLziJDgllV9XdJo95Q/w400-h221/Screenshot%202023-04-03%20at%2011.27.36%20AM.png" width="400" /></a></div><span style="font-family: arial;"><br />Well, long-time readers of my blog would know what I tend to do in turbulent times like these. I did what I do best. I invoked my warrior spirit and bought the dip. Nibbled some OCBC, UOB and Mapletree Industrial Trust. The compounding of quality dividend stocks never stops. How does Dividend Warrior stay unfazed and calm during a market turmoil? You can refer to <a href="http://dividendsrichwarrior.blogspot.com/2018/10/how-dw-stays-unshakeable-in-this.html" target="_blank">my old post here.</a></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><br /></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><br /><b>Did Not Follow The Flight To Safety<br /></b>When others were rushing into fixed deposits, T-bills and Singapore Savings Bonds, I was busy accumulating more solid dividend payers. I believe dividend growth investing has a better potential of generating more cash-flow over the long run. I am not an old retiree in his 60s or 70s. Time is still on my side. So I can still afford to weather the storm and reap the rewards much later. No need to go into capital-preservation mode yet. These fixed income assets are not going to help me beat high inflation. Besides, my substantial CPF savings already formed the fixed income component of my portfolio.</span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><br />Some people told me that they are just ‘parking’ their funds in fixed-income instrument for the short-term. Once their T-bills and fixed deposits mature, they can deploy the funds back into the market. Sure, they could get their timing absolutely right. Or horribly wrong. Maybe by the time they get their funds, the market already rallied way beyond their expectations. The boat left and they got stuck at the port. After merely one week, the banking system seems to have stabilised. Investors are already moving onto the next theme in the news cycle, which is the Fed pivot. This time last year, I remember everyone was super focused on the Russia-Ukraine war. After a year, nobody really cares about that anymore. This goes to show that time in market is always better than timing the market for long-term investors.</span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><br /></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><a href="https://media.tenor.com/2-yfUiEOgQ8AAAAC/top-gun-pete-mitchell.gif" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="413" data-original-width="498" height="265" src="https://media.tenor.com/2-yfUiEOgQ8AAAAC/top-gun-pete-mitchell.gif" width="320" /></a></div><br /></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;">I prefer to focus on the things within my control. Stop wasting time and energy worrying about things that are out of our control. And this is a habit. You don’t become what you want. You become what your habits take you. The harder the battles, the sweeter the victory. A lot of people have this ‘wait and see’ mentality. Wait for the banking crisis to pass. Wait for the Fed to pivot. Wait for inflation to come down. Wait, wait, wait. They take no concrete actions towards their goals. They procrastinate. They wait along the sidelines. Sometimes we just have to go for it! Get our hands dirty. Get our feet wet. This is how we grow.<span class="Apple-converted-space"> </span></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><br /></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><br /><b>BTFD Still Works Thanks To Swift Bailouts<br /></b>Even the usually bearish Michael Burry has respect for our generation. The generation of BTFD. In my opinion, BTFD works for the current generation of investors because the top policymakers currently running the US Federal Reserve still have PTSD of the 2008 GFC. Decision-makers like Jerome Powell and Janet Yellen are haunted by the collapse of Lehman Brothers and the near collapse of AIG. Banks are simply still too big to fail.</span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-yw4vHwzZLJ-snK8oqltVhzcaqL2vNu48wrnt7yCG_0DWRBjwAsLosXyiIVlbwcUzDm9k2aaxxfRlG0U7mpGGciR7oq9FJf0ymTxbO1v1kRAYRJ_4JfvwQIqnU5-Phqq95YSgmRPxKOzVggFz0mR9vum63qWte_BoyJzyOzzDxqWPuLnvTy78709Row/s1144/Screenshot%202023-04-03%20at%201.06.42%20PM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1144" data-original-width="1094" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-yw4vHwzZLJ-snK8oqltVhzcaqL2vNu48wrnt7yCG_0DWRBjwAsLosXyiIVlbwcUzDm9k2aaxxfRlG0U7mpGGciR7oq9FJf0ymTxbO1v1kRAYRJ_4JfvwQIqnU5-Phqq95YSgmRPxKOzVggFz0mR9vum63qWte_BoyJzyOzzDxqWPuLnvTy78709Row/w383-h400/Screenshot%202023-04-03%20at%201.06.42%20PM.png" width="383" /></a></div><br /><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/My19jRW6zMI" width="320" youtube-src-id="My19jRW6zMI"></iframe></div><br /></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;">Back then, the world was on the brink of a new Great Depression. There is no way in hell these veterans would allow that to happen again. Moral hazard be damned. So, when the latest bank run crisis unfolded, they acted swiftly with a heavy hand to squash contagion risks. Jerome Powell even had to lower the March rate hike from 50bps to 25bps. He expects credit-tightening to taper inflation in the coming months. The Swiss regulators also engineered a swift<span class="Apple-converted-space"> </span>rescue of Credit Suisse in one weekend. They basically ‘force fed’ Credit Suisse to UBS. As a result, the market dips tend to be short-lived nowadays. I think it would take another generation before most people truly forget about the horrors of 2008/2009.<br /><br /><br /><b>Lean On The Capable & Rich</b><br />I know my own limitations and capabilities, so I stay within my circle of competency. Let the management get on with their job and stay out of their way. Let the experts work their magic. Sit back, relax and watch the cash flow in. Benefit from the spending of others. Every time someone spends at a mall or shops online, I benefit indirectly because I am vested in retail and logistics REITs. Every time a property agent closes a deal, I get to benefit through PropNex. Every time a private doctor bills a wealthy patient at Mount Elizabeth hospital, I benefit through ParkwayLife REIT (PLife). The retrofitting and major renovations (Project Renaissance) at Mount Elizabeth are scheduled for completion by 2025. It will benefit from a huge rent step-up of 25.3% in 2026 after the completion of Project Renaissance. Use the economy as your personal ATM. An ATM that keeps on giving you cash.</span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiY2joGwET0VVImgiCdgMClNFrOqK17tSWHmIUx02SF7PUPHQEcWy_Tuj0nLC_YrqnRB1uiO-ynWqICfaW2LeLTVxF4uQHM_Rno8BkkOIGwwGydOY3iEawBYgfIIjHzDb6u2-7katiA0Zsy8SWIkOuQDE9SAeudQVetnu1qUwKntGvVTrwqNq7SM-y-ng/s1150/Screenshot%202023-04-03%20at%203.06.17%20PM.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1150" data-original-width="854" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiY2joGwET0VVImgiCdgMClNFrOqK17tSWHmIUx02SF7PUPHQEcWy_Tuj0nLC_YrqnRB1uiO-ynWqICfaW2LeLTVxF4uQHM_Rno8BkkOIGwwGydOY3iEawBYgfIIjHzDb6u2-7katiA0Zsy8SWIkOuQDE9SAeudQVetnu1qUwKntGvVTrwqNq7SM-y-ng/w477-h640/Screenshot%202023-04-03%20at%203.06.17%20PM.png" width="477" /></a></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><br /></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;">Achieve FIRE on dividends. Take advantage of the capitalistic system. Cash flowing into your pockets as you sleep. I see people complaining about ‘evil’ landlords charging higher rentals. Don’t fight them, join them. Complaining will never get you anywhere near your goals. Instead, you should own a piece of the economic pie. Have your meals, bills and vacations ‘sponsored’ by dividends. <span class="Apple-converted-space"> </span></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><span class="Apple-converted-space"><br /></span><br /><b>Attractiveness Of Dividend Growth Investing<br /></b>I give myself a pay raise every year. How? By investing in high quality dividend stocks. Imagine walking into your 9-5 job every morning, knowing that your passive income can cover your living expenses and more. That is the secret financial power I want to enjoy. There was a day when I was chilling at Starbucks with my dark mocha frappe after lunch. Logged into my bank account to see more than $1k dividends credited. It was a lovely feeling! As my dividend cashflow increases, my quality of life also improves. Finally completed my Apple ecosystem with the purchase of the MacBook Air and Airpods Pro!</span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><span style="font-family: arial;"><br /></span></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/KexelfS7bnA" width="320" youtube-src-id="KexelfS7bnA"></iframe></div><br /></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/G6wlNRAj9QE" width="320" youtube-src-id="G6wlNRAj9QE"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/ErKQGBah7SQ" width="320" youtube-src-id="ErKQGBah7SQ"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/Hm9KLvqHbLI" width="320" youtube-src-id="Hm9KLvqHbLI"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><b><span style="font-family: helvetica; font-size: medium;"><i>~ Please like & subscribe. Thanks! :)</i></span></b></div><div class="separator" style="clear: both; text-align: center;"><b><span style="font-family: helvetica; font-size: medium;"><br /></span></b></div><div class="separator" style="clear: both; text-align: left;"><b><span style="font-family: helvetica; font-size: medium;"><i>Follow me on Twitter at</i> <a href="https://twitter.com/DivyWarrior" target="_blank">https://twitter.com/DivyWarrior</a></span></b></div></div><div style="font-stretch: normal; font-variant-east-asian: normal; font-variant-numeric: normal; line-height: normal; margin: 0px; text-align: left;"><br /></div>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-27195242715387418712023-02-11T17:53:00.004+08:002023-02-12T17:06:16.869+08:00Go For Sustainable FIRE, Not Miserable FIRE<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3UHWwbQFo23uJVgaIWDyQdutU72KIqo5vMXqtkN8bvhsMSvMyua5fjFhGQw6wud1nLEXqhVGL4CoOJwP9jJdrFWdX-Hbu8cUitOQ_blcLlJyCRHDphOBVrHmEB0DoPju-Wo9cBQjINaZQH7uHldtN__e8xzHD3Yn002U3STtjaHOzOSm-ZouJBeSv9g/s1382/Dividend%20record.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="658" data-original-width="1382" height="304" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3UHWwbQFo23uJVgaIWDyQdutU72KIqo5vMXqtkN8bvhsMSvMyua5fjFhGQw6wud1nLEXqhVGL4CoOJwP9jJdrFWdX-Hbu8cUitOQ_blcLlJyCRHDphOBVrHmEB0DoPju-Wo9cBQjINaZQH7uHldtN__e8xzHD3Yn002U3STtjaHOzOSm-ZouJBeSv9g/w640-h304/Dividend%20record.png" width="640" /></a></div><br /><p></p><p><span style="font-family: arial;"><b>Build A Foundation and Compound It</b></span></p><p><span style="font-family: arial;">The average Joe on the street has been affected by escalating inflation since early 2022. Even those people who have supposedly achieved FIRE are starting to struggle with expenses because their passive income could not keep up with inflation. We are facing a cost of living crisis across the world. It is during periods like this that I am glad I have built a substantial dividend portfolio. The growing cash flow from my portfolio enables me to improve my quality of life, <i>gradually</i>. 13 years ago when I started my investing journey, my strategy was scoffed at. I was saving up like mad, working an extra job on weekends. Cheap food, cheap clothes, cheap shoes, cheap phone, cheap laptop, no overseas trips. In other words, trade-offs were made. I knew I had to do hardcore saving and make some sacrifices to build a strong foundation. Told myself the fruits will come later and it would all be worth it. Told myself to keep grinding in silence.</span></p><p><span style="font-family: arial;">In 2020 when the pandemic caused widespread panic and uncertainty around the world, I wasn't too affected. In fact, I was thriving. Even started my <a href="https://www.youtube.com/channel/UC3_ZOioLNyfMnBCkmRYzPkA" target="_blank">YouTube channel</a> in the middle of a pandemic! I knew I could fall back on my portfolio. All those years of grinding finally paid off. I believe lifestyle inflation is actually fine as long as you do it sustainably and not on credit. Build up a huge passive cashflow <i>before </i>you even embark on quality of life upgrades. There is a saying in Chinese '</span><span style="background-color: white;"><span style="font-family: arial;"><b>先苦后甜</b>' which means endure the bitterness first before tasting the sweetness later. Words of wisdom indeed. Unfortunately, most people prefer instant gratification. </span></span></p><p><span style="background-color: white;"><span style="font-family: arial;">These are the top videos from my channel. Enjoy and thanks for the support all these years!</span></span></p><p><span style="background-color: white;"><span style="font-family: arial;">Please Like and subscribe! ^^</span></span></p><p><span style="background-color: white;"></span></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/O2eKDQX8mZk" width="320" youtube-src-id="O2eKDQX8mZk"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/a3_DAmGJufw" width="320" youtube-src-id="a3_DAmGJufw"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/Gbisp_qtxX8" width="320" youtube-src-id="Gbisp_qtxX8"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/efLi0W1Nk2Q" width="320" youtube-src-id="efLi0W1Nk2Q"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/pY-Xnn63o9A" width="320" youtube-src-id="pY-Xnn63o9A"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/1ceMBhiZofs" width="320" youtube-src-id="1ceMBhiZofs"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><b><span style="font-size: large;">~ Eat Well, Feel Good ~</span></b></div><p></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-13428625658924424472023-01-19T21:27:00.003+08:002023-01-19T21:27:32.368+08:00Frasers Logistics & Commercial Trust AGM on 17 Jan 2023<p><span style="font-family: arial;">On the 17</span><sup style="font-family: arial;">th</sup><span style="font-family: arial;"> of January 2023, I attended the AGM
of Frasers Logistics & Commercial Trust (FLCT) at Intercontinental Hotel
Singapore. These are some interesting/important points brought up during the
AGM. An early disclaimer. My note-taking skill has become rusty compared to my college
days, so please pardon some missing details. This is more like a paraphrased
summary :)</span></p>
<p class="MsoNormal" style="text-align: center;"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"></span></o:p></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYRwhF16WdZJBB1Xm3elAm-i_DuE2E7DE2h2JuXXwFW8zKrOLPwAkXdbctZWmFZeRuDGjIYBIuH0XLHrQGbbqM3ZwPYo71YVXqnZ66zEsRPjaV4F7PDOIOnSnP145Jksqwuu6TLxo7zW0NPH_uGnKYmgoW8YvnozSl-ltx6OT4MB_mTQ01RNFaM6eGOQ/s772/FLCT%20AGM%20Jan%202023.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="440" data-original-width="772" height="228" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYRwhF16WdZJBB1Xm3elAm-i_DuE2E7DE2h2JuXXwFW8zKrOLPwAkXdbctZWmFZeRuDGjIYBIuH0XLHrQGbbqM3ZwPYo71YVXqnZ66zEsRPjaV4F7PDOIOnSnP145Jksqwuu6TLxo7zW0NPH_uGnKYmgoW8YvnozSl-ltx6OT4MB_mTQ01RNFaM6eGOQ/w400-h228/FLCT%20AGM%20Jan%202023.png" width="400" /></a></span></div><span style="font-family: arial;"><br /> </span><p></p>
<p class="MsoNormal"><b><span style="line-height: 107%;"><span style="font-family: arial;">The CEO’s Presentation:<o:p></o:p></span></span></b></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">Rental growth rate in the UK, Germany & Dutch markets
are CPI-linked. So given the higher inflation currently seen in Europe, FLCT
should be poised to enjoy positive rental reversions in 2023.<o:p></o:p></span></span></p>
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMh0wZeNRym56BhDAOKWU0ENJE6cCORf22fgDLGrBDBtiLO-KpFnElgswVfgZRWFxkXquLwNQmiiAY54AhGU6baaHNfcb-lw4CTEwve8FHOa25tI3Ut-x8r_-HTgfH32vp6nBelGrYNe8Oatg6hmDRjbg4iMRrydCHm7TiWYZiR-7GfM3cCyu74Y_DDQ/s968/FLCT%20lease%20expiry%20profile%20Sep%202022.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="420" data-original-width="968" height="278" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMh0wZeNRym56BhDAOKWU0ENJE6cCORf22fgDLGrBDBtiLO-KpFnElgswVfgZRWFxkXquLwNQmiiAY54AhGU6baaHNfcb-lw4CTEwve8FHOa25tI3Ut-x8r_-HTgfH32vp6nBelGrYNe8Oatg6hmDRjbg4iMRrydCHm7TiWYZiR-7GfM3cCyu74Y_DDQ/w640-h278/FLCT%20lease%20expiry%20profile%20Sep%202022.png" width="640" /></a></div>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">Management is in advanced negotiations to lease the
remaining vacant space in 2023. Only very little space left. Lease expiry profile
remains strong. No more than 19.2% of GRI expires in any given year until 2032.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">Most of FLCT’s energy costs is passed on through to
tenants.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">FLCT has one of the lowest gearing ratio in the S-REITs
sector at 27.4%. A healthy aggregate leverage should help to tide it over the current
higher rate environment.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><b><span style="line-height: 107%;"><span style="font-family: arial;">Q & A Session with Unitholders:<o:p></o:p></span></span></b></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: What is the strategic direction of FLCT? Will
commercial assets be sold to buy more logistics/industrial (L&I) assets? <o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CEO answers: The sale value of Cross Street Exchange building
was just too attractive. The property was not sold because it was underperforming.
Moving forward, FLCT aims to have a slightly higher allocation to L&I sector.
Not looking to buy more commercial properties. Still satisfied with the current
rental yield, rental growth and occupancy of commercial assets in FLCT’s
portfolio.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: Looking at the debt maturity profile, there is sizable
refinancing needs in 2024 in the Euro currency. Is it a concern having a huge
amount of Euro-denominated debt?<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CFO answers: FLCT already has facilities in place to
refinance the debts in 2023. Management is currently focusing on refinancing
for 2024. Would have some impact on distributable income. The latest interest
rate sensitivity check is for every 50bps rise in interest rate, the DPU will
be down 0.05 cents approximately. The management already hedged 82% of debts to
fixed rates, so only the debt on floating rates will be affected. Natural hedging
is also done by borrowing in the currencies of those countries where
acquisitions are made. Euro-denominated debts is <i>not</i> in excess of FLCT’s
portfolio asset value in Europe. There is no over-weightage of debt in any
single currency.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: Is there danger of further rise in the cap rate?<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CEO answers: Cost of debt and rental income growth
expectations affect the cap rate. For commercial assets, there is no income expectation
function in the market. His gut feel is that there will be no more significant
rise in cap rate. FLCT has ‘taken the medicine’ so as to speak. <o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: What is FLCT’s geographical focus for future
growth? What are the characteristics the management look for when they do acquisitions?<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CEO answers: Comfortable in the current geographical
allocation. Difficult to expand into new markets because of higher interest
rates. Like to partner with the sponsor on development projects as they have
people on the ground, staff that can speak German or Dutch and have local
knowledge/connections. Continue to mainly grow L&I assets a little more,
supported by commercial assets. But never say never, if a compelling deal comes
up on their radar, FLCT is ready to take action since it has a healthy gearing
ratio. Acquisitions must be DPU-accretive. But such deals are tough to find in
current market conditions.</span></span></p><p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"></span></o:p></span></p><div class="separator" style="clear: both; text-align: center;"><span style="font-family: arial;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixoxokDjkwC4l9QqoSJsIVcHiSl2espc0WSy11aFEOZbY3mNPhYm2cGqOtEFEHqYtf3mdvWQ3eB9HidxXL6rWtSUtJe8G0lX0cHgoKonJCGwkopwH2AV4ufvIvG5yzcOBHIZC6kL0JPmxoYzIbwyU7zPmvUhItoW5ww_PUZ7FsyrDIBBGTSPLYV74ESg/s1041/FLCT%20low%20occupancy%20UK.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="607" data-original-width="1041" height="374" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixoxokDjkwC4l9QqoSJsIVcHiSl2espc0WSy11aFEOZbY3mNPhYm2cGqOtEFEHqYtf3mdvWQ3eB9HidxXL6rWtSUtJe8G0lX0cHgoKonJCGwkopwH2AV4ufvIvG5yzcOBHIZC6kL0JPmxoYzIbwyU7zPmvUhItoW5ww_PUZ7FsyrDIBBGTSPLYV74ESg/w640-h374/FLCT%20low%20occupancy%20UK.png" width="640" /></a></span></div><span style="font-family: arial;"><br /></span><p></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: Concerns about the lower occupancy rate at some
UK properties namely Farnborough Business Park and Blythe Valley Business Park.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CEO answers: Seeing the tenants either looking to take up
less space or going for better quality space. There is a flight to quality. The
pandemic era work-from-home trend is starting to reverse as companies tell their
employees to return to the office for more days. This is his personal opinion. Due
to economic uncertainties, the labour market is becoming an employer market
where companies have more say and make more demands from employees. Hopefully,
this trend continues.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: FLCT has over S$217m in divestment capital gains.
How is management planning to use this?</span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CEO answers: It could be used to mitigate the loss of income
from the sale of Cross Street Exchange. But FLCT has to borrow/take on debt in
order to distribute these capital gains to unitholders.</span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CFO answers: The impact of forex on DPU would be AUD down
3%, Euro down 7% and British Pound down 5% on average.<o:p></o:p></span></span></p><p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><br /></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: Is there a final target for the gearing ratio?</span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CEO answers: The current gearing ratio of 27.4% is a nice
place to be in for now, due to higher interest rates. But eventually, the
target is mid-30s once interest rates and cap rates normalise in the future.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: Can the management give their take on the impact
of Ukraine-Russia conflict on FLCT’s operations?</span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CEO answers: FLCT’s European portfolio remains resilient
despite the war. Occupancy rates remain high. Tenants are sourcing supplies
from outside of Ukraine. Do not foresee any huge impact on L&I leasing
demands.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: What is the capital allocation for future
acquisitions?<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CEO answers: We are still in a rising rate environment and
a price-resetting phase in the property market. FLCT wants to buy DPU-accretive
assets but we must be patient and selective. When a great opportunity comes
along, FLCT is ready to execute. <o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: Many S-REITs, not only FLCT is facing the twin
headwinds of rising interest rates and forex risks. Some investors are even switching
their funds to fixed income instruments. Can the management provide some
reassurances to allay unitholders fears?</span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CEO answers: On the challenge of higher rates, FLCT can try
to control its gearing ratio and hedging the debts to fixed rate. But honestly,
we are at the mercy of the US Federal Reserve because the entire world follows
them. No amount of mitigation measures can fully shield FLCT from the impact of
rate hikes. Forex risks would be harder to mitigate due to its volatility and
unpredictability. Can only do hedging to lower the risk.</span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">Chairman answers: We can sit here all day discussing about
interest rates and macro-economic issues, but even the Central Bankers who are
supposed to know what they are doing, are confused too. The best thing we can
do is to stay in countries that have proven to manage economies well throughout
many economic cycles.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;"><b>Question</b>: Does FLCT own any treasury units?<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">CFO: No, FLCT does not own any treasury units.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><o:p><span style="font-family: arial;"> </span></o:p></span></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">A sumptuous buffet was provided after the AGM ended. The
space is a little cramped though.</span></span></p><p class="MsoNormal"><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%;"><o:p></o:p></span></p><div class="separator" style="clear: both; text-align: center;"><span face=""Arial",sans-serif" style="font-size: 12pt; line-height: 107%;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/R7aHgCfbHmg" width="320" youtube-src-id="R7aHgCfbHmg"></iframe></span></div><p></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-11325076956980901822023-01-02T11:04:00.011+08:002023-01-09T23:08:12.103+08:00Dividend Warrior's FY 2022 Portfolio Update - Record High Annual Dividends!<p> </p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixHPQ79tbRdT1ANiQ_rws-WGhTT-01va7EwiQIcqcHQzJCXxtH1JRtvdixVsQjbMjSuly9pMQzc1AbuyG_00EsFpsKuHj94BnGKeJ_Vm9-zoFAOSpao1bOn2iT6VuR_-0OKvnoIJOzVhuWRsnJThDPtME71Pc34F77i52QUWqjBt17Wr9uG4Qf6BodwA/s1236/Dividend%20record.png" style="margin-left: auto; margin-right: auto; text-align: center;"><img border="0" data-original-height="636" data-original-width="1236" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixHPQ79tbRdT1ANiQ_rws-WGhTT-01va7EwiQIcqcHQzJCXxtH1JRtvdixVsQjbMjSuly9pMQzc1AbuyG_00EsFpsKuHj94BnGKeJ_Vm9-zoFAOSpao1bOn2iT6VuR_-0OKvnoIJOzVhuWRsnJThDPtME71Pc34F77i52QUWqjBt17Wr9uG4Qf6BodwA/w640-h330/Dividend%20record.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><b><span style="color: #2b00fe; font-family: arial; font-size: x-small;"><i>(Total cumulative dividends: S$241, 507)</i></span></b></td></tr></tbody></table><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSggVuq7bFmibeTPWv4nJnTyNWo0pxZc0dDqiPLoKWA0ZdEvn5S0Nk48n45kWt0G7UeE5C7OlJ0qRB6vTEJ4NQo-HVHVe6otj0btrPCr94F9AQcgQK8FGI4223p9opu5XoSnSDPaMplbPBsNhnUsqbUA3cQhR0oaKMePybduXyIYP18dbRF2NVJjuONg/s496/Screenshot_20230102_102950.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="403" data-original-width="496" height="325" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSggVuq7bFmibeTPWv4nJnTyNWo0pxZc0dDqiPLoKWA0ZdEvn5S0Nk48n45kWt0G7UeE5C7OlJ0qRB6vTEJ4NQo-HVHVe6otj0btrPCr94F9AQcgQK8FGI4223p9opu5XoSnSDPaMplbPBsNhnUsqbUA3cQhR0oaKMePybduXyIYP18dbRF2NVJjuONg/w400-h325/Screenshot_20230102_102950.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9QtghXmg-dMPHN_sccCsxR6vGpaX0pI_GhqbyxAFNvXNIQJMsdIyn5O13lnOgle1CikBpR8k0jXC46CaCPMyAEqsYjqz1RvAreGLH8V0mX_RW0pkRpOl51T98GOzPejSnSEAOWx_XKlx0dTSaVbXSgn2UN9CpXvhBuGHp-ulC8Qp7gxs6kD499jSI5w/s1145/Portfolio%20market%20value.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="463" data-original-width="1145" height="258" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9QtghXmg-dMPHN_sccCsxR6vGpaX0pI_GhqbyxAFNvXNIQJMsdIyn5O13lnOgle1CikBpR8k0jXC46CaCPMyAEqsYjqz1RvAreGLH8V0mX_RW0pkRpOl51T98GOzPejSnSEAOWx_XKlx0dTSaVbXSgn2UN9CpXvhBuGHp-ulC8Qp7gxs6kD499jSI5w/w640-h258/Portfolio%20market%20value.png" width="640" /></a></div><div><br /></div><div style="text-align: center;"><span style="font-family: arial; font-size: large;"><b>Top 12 Core Holdings (30 Dec 2022)</b></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVPiGfynW2RhHfeMzH0vJj5xwlbP8a8BOTItWWM2EXX6tkvNOOI8FYAO66rOS3FQdL-z0DAV7G3mhaERSzEH7mDhyyDqNQ-Ln76iHltrVEecqL0abx8minzOirrU5ciYTaZJ9jnKITSoPyIxrR3a0oLTvoXeRQJ8U1k5T1XNYh-2XK7maWXS7gKt-peA/s682/Top%2012%20Holdings.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="433" data-original-width="682" height="406" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVPiGfynW2RhHfeMzH0vJj5xwlbP8a8BOTItWWM2EXX6tkvNOOI8FYAO66rOS3FQdL-z0DAV7G3mhaERSzEH7mDhyyDqNQ-Ln76iHltrVEecqL0abx8minzOirrU5ciYTaZJ9jnKITSoPyIxrR3a0oLTvoXeRQJ8U1k5T1XNYh-2XK7maWXS7gKt-peA/w640-h406/Top%2012%20Holdings.png" width="640" /></a></div><div><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_Ejc_MLKj7aJlAHyHcvxHXBGNLiZ8ZC0GMPlDt_3PJO9iXY6U8D1aO3CMGMP57PoG8TEEpr9UYkIyJOOMfQoOfxzdeFYSEkqdVFgeAvrbU_O4wrY46w3n4kpAJQtJ2t-cHTUlMAamkYSwa8rLtw6jccH05xlcTaADFV-H1JtbeddzYRFMFBRlBw-TTA/s496/Sector%20allocation.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="458" data-original-width="496" height="369" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_Ejc_MLKj7aJlAHyHcvxHXBGNLiZ8ZC0GMPlDt_3PJO9iXY6U8D1aO3CMGMP57PoG8TEEpr9UYkIyJOOMfQoOfxzdeFYSEkqdVFgeAvrbU_O4wrY46w3n4kpAJQtJ2t-cHTUlMAamkYSwa8rLtw6jccH05xlcTaADFV-H1JtbeddzYRFMFBRlBw-TTA/w400-h369/Sector%20allocation.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVCXW6obr-qXHrK07D20QupKHUK0w55CKxn4-FIBGFeLvaNe5RHQGjs7geSjCiI161Bah9jiKN2PJ0oiVCvSlP56Zgnx7mz5Vy__LFbRZQ-fqQKCJFP74leGrpkiwo84OoGUgb_dafjurc-ZFc_-MXf4mKf03ynD-36m-FXZ9GJOHqlDFbu0gNyaRezQ/s1244/Screenshot_20230101_112357.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="746" data-original-width="1244" height="384" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVCXW6obr-qXHrK07D20QupKHUK0w55CKxn4-FIBGFeLvaNe5RHQGjs7geSjCiI161Bah9jiKN2PJ0oiVCvSlP56Zgnx7mz5Vy__LFbRZQ-fqQKCJFP74leGrpkiwo84OoGUgb_dafjurc-ZFc_-MXf4mKf03ynD-36m-FXZ9GJOHqlDFbu0gNyaRezQ/w640-h384/Screenshot_20230101_112357.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Portfolio Cost:</b> S$547, 093</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Portfolio Market Value: </b>S$679, 301</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Portfolio Overall Unrealized Profit:</b> +S$132, 208 (<b><span style="color: #04ff00;">+24.17%</span></b>)</span></p><p style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b style="color: #333333;">Portfolio XIRR (FY2022): </b><span><span style="color: red;"><b>-13.06%</b></span><span style="color: #333333;"> </span><i>(inclusive of dividends)</i></span></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Dividends Collected (FY2022): </b>S$34, 712 + US$61</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Total Cumulative Dividends (2010-2022):</b> S$241, 507</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Current Cash Warchest:</b> S$17, 000</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><i>(*All figures are accurate as of 30 Dec 2022)</i></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><br /></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><b>Portfolio Actions in Q4 2022:</b></span></p><p><span style="font-family: arial;">- Accumulated more Baba (9988) at HK$83</span></p><p><span style="font-family: arial;">- Accumulated more Apple at US$130</span></p><p><span style="font-family: arial;">- Accumulated more Microsoft at US$238</span></p><p><span style="font-family: arial;">- Accumulated more Tesla at US$160</span></p><p><span style="font-family: arial;">- Accumulated more Frasers Commercial & Logistics Trust at S$1.10</span></p><p><span style="font-family: arial;">- Accumulated more Mapletree Industrial Trust at S$2.15</span></p><p><span style="font-family: arial;">- Accumulated more Mapletree Pan Asia Commercial Trust at S$1.65</span></p><p><span style="font-family: arial;"><br /></span></p><p><span style="font-family: arial; font-size: medium;"><b>Looking Back at 2022...</b></span></p><p><span style="font-family: arial;">The US Fed rate hikes have exerted downward pressure on REITs throughout 2022. Fortunately, higher rates is positive for the banks' NIM. As I also have significant positions in the three local banks, the rise in the banks' share prices helped to mitigate the decline in REITs. Even though my portfolio's market value declined 11% year-on-year, my annual dividends finally broke the S$30k milestone in 2022! Every cloud has a silver lining, right? The year started off in the most horrific way possible with Putin launching an invasion on Ukraine. The war dominated international headlines in the first half of 2022. This was followed by the covid lockdown in Shanghai. The focus of the second half of 2022 was dominated by rising inflation, aggressive Fed rate hikes and a crypto bubble burst. </span></p><p><span style="font-family: arial;">Not expecting 2023 to be any better.... or worse. In my opinion, the war would probably drag on with neither side willing to compromise, inflation remains sticky, the Fed keeping rates high for an extended period of time and crypto remains out of favour. The only potential bright spot is the re-opening of China. But one could argue that a booming Chinese economy could worsen the global inflation.</span></p><p><br /></p><p></p><p class="MsoNormal"><b><span style="line-height: 107%;"><span style="font-family: arial; font-size: medium;">Lessons Learnt in 2022<o:p></o:p></span></span></b></p>
<p class="MsoNormal"><span style="line-height: 107%;"><span style="font-family: arial;">The legendary investor Charlie Munger once said that he wants to know where he is going to die so he will never go there. Prevention is better than the cure. One of the best ways to learn is to observe mistakes made
by others. This will help us avoid some of the major pitfalls. If we can learn lessons the easy way, why do it the hard way? These investing
blunders sure looks obvious now, but only in hindsight. The year 2022 was full
of lessons. Even a sovereign wealth fund like Temasek could fall prey to Sam
Bankman Fried’s FTX fraud! Well, let’s take a look at the simple but important
lessons I learnt in 2022.</span></span></p><p class="MsoNormal"><b style="font-family: arial; text-indent: -18pt;"><span style="line-height: 107%;">Never go all-in</span></b><span style="font-family: arial; line-height: 107%; text-indent: -18pt;"> even
if you have high conviction. Always leave some dry powder. Maintain a warchest
for opportunities if the market keeps dropping. Space out the buying in
tranches or some would say dollar-cost-averaging.</span></p><p class="MsoNormal"><b style="font-family: arial; text-indent: -18pt;"><span style="line-height: 107%;">Never use margin/leverage</span></b><span style="font-family: arial; line-height: 107%; text-indent: -18pt;"> if
you are just a normal retail investor (majority of the population). Don’t
overestimate your investing abilities. The market can stay irrational longer
than you can stay solvent. And in the case of Chinese tech stocks, the CCP can
stay irrational and strong-handed longer than you can stay solvent.</span></p><p class="MsoNormal"><b style="font-family: arial; text-indent: -18pt;"><span style="line-height: 107%;">Never put all your chips on one stock/asset</span></b><span style="font-family: arial; line-height: 107%; text-indent: -18pt;"> no
matter how strong your conviction is. A healthy level of diversification is
essential for an average Joe who is investing for the long-term. Of course, don’t
over-diversify by buying 50 stocks.</span></p><p class="MsoNormal"><b style="font-family: arial; text-indent: -18pt;"><span style="line-height: 107%;">Triple jeopardy!</span></b><span style="font-family: arial; line-height: 107%; text-indent: -18pt;"> Never
ever go all-in, using margin, on a single stock/asset. This is just asking for
trouble. Risk management 101. There are people who did this for Tesla, Alibaba
and even crypto. One of my friends, who is an experienced investor made this
mistake on Alibaba. In the end, he was forced to sell a huge chunk of his Baba
(9988) position due to margin call below HK$70.</span></p>
<div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/h_6AsYUbLHU" width="320" youtube-src-id="h_6AsYUbLHU"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/hPV4HYn5mjg" width="320" youtube-src-id="hPV4HYn5mjg"></iframe></div><p class="MsoNormal"><br /></p>
<p class="MsoNormal"><b><span style="line-height: 107%;"><span style="font-family: arial; font-size: medium;">Plans & Targets For 2023</span></span></b></p><p class="MsoNormal" style="text-indent: 0px;"><span style="font-family: arial; text-indent: -18pt;"><span><b>- </b></span></span><span style="font-family: arial; text-indent: -18pt;">Reinvest dividends by accumulating Banks, REITs and Big Tech. The compounding of dividends never stops. Bearish market sentiments have always helped me grow my dividend portfolio as it is easier to buy stocks on the cheap.</span></p><p class="MsoNormal" style="text-indent: 0px;"><span style="font-family: arial; text-indent: -18pt;">- Achieve S$36, 000 in annual dividends</span></p><p class="MsoNormal" style="text-indent: 0px;"><span style="font-family: arial; text-indent: -18pt;">- Continue to top-up my CPF MA and SA</span></p><p class="MsoNormal" style="text-indent: 0px;"><span style="font-family: arial; text-indent: -18pt;">- Key collection for my new BTO flat and home
renovations (<i>Yes! Finally!</i>)</span></p><p class="MsoNormal" style="text-indent: 0px;"><span style="font-family: arial; text-indent: -18pt;">- Maintain my current fitness programme. Alternating between cardio,
jogging & weightlifting.</span></p><p class="MsoNormal" style="text-indent: 0px;"><span style="font-family: arial; text-indent: -18pt;">- Enjoy good food at the malls I am vested in! </span><span style="font-family: arial; text-indent: -18pt;">:P</span></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/MVmj-93EeGk" width="320" youtube-src-id="MVmj-93EeGk"></iframe></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/UpFHaKrXKrA" width="320" youtube-src-id="UpFHaKrXKrA"></iframe></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/8YCgfVlJh3U" width="320" youtube-src-id="8YCgfVlJh3U"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;"><span style="font-size: medium;"><span style="color: #cc0000; font-family: arial;"><i>Follow me on Twitter at</i></span> <a href=" https://twitter.com/DivyWarrior" target="_blank"> https://twitter.com/DivyWarrior</a></span></div><br />Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-92044890378975476222022-10-04T08:39:00.005+08:002022-10-05T11:51:18.194+08:00Dividend Warrior's 9M2022 Dividend Portfolio Quick Update<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSZDx5b5EAubi82k3m3xq3N4DnZkTic5CvDq1Sag0xagjBb8NoPUyj_Aq_lNlanU97fN7me1iJkzZi11p4a8x7vzT0jXCueMMdglwMNTonVVjqhe022A1-sGBJpRDhBX2Jey72nLNG100Mf2abuH4FmrvfMPVWwkYpeVpX4ybyv0jtnNOyFQrtY-LAAg/s1236/Dividend%20record.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="636" data-original-width="1236" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSZDx5b5EAubi82k3m3xq3N4DnZkTic5CvDq1Sag0xagjBb8NoPUyj_Aq_lNlanU97fN7me1iJkzZi11p4a8x7vzT0jXCueMMdglwMNTonVVjqhe022A1-sGBJpRDhBX2Jey72nLNG100Mf2abuH4FmrvfMPVWwkYpeVpX4ybyv0jtnNOyFQrtY-LAAg/w640-h330/Dividend%20record.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial; font-size: x-small;"><b><i>(Total cumulative dividends = S$234, 741)</i></b></span></td></tr></tbody></table><div class="separator" style="clear: both; text-align: center;"><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJwmYubkmWKM2NdETDh8kEJbbKWzE0mbdQqyMIXNjJrgcN5CG8m_xXp_tLl6Nja2tkZPZsy7MTc4CZMJbnKTCdt7w_uZy8DBWc-zQTacagz4G9V4w5AV21dW1zspMUDLOlzrvOleXY8ur7GlP8D9Js5y17h49Tt907ZF6FahDWMMb9AKW7_4YymbNbNw/s533/USD%20dividend%20record.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="367" data-original-width="533" height="275" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJwmYubkmWKM2NdETDh8kEJbbKWzE0mbdQqyMIXNjJrgcN5CG8m_xXp_tLl6Nja2tkZPZsy7MTc4CZMJbnKTCdt7w_uZy8DBWc-zQTacagz4G9V4w5AV21dW1zspMUDLOlzrvOleXY8ur7GlP8D9Js5y17h49Tt907ZF6FahDWMMb9AKW7_4YymbNbNw/w400-h275/USD%20dividend%20record.png" width="400" /></a></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcnr3UkjCG5IVE7nPfC0cVfuVTwQEp99_gemWghSC--KsnskmnOYIKFfJJ15HD5QbTQR9S5Z6cSkMgHjfdSv7DuTEfrDAi9sosYPBPITIP12mhPzVSt4uz2B8c847NjOdDWWn0_cpKclKfmMkTzAeYwT93E7Jf1i7Jqi0gUoKwoKDULBuGUwQf1fFJdA/s1271/Portfolio%20market%20value.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="507" data-original-width="1271" height="256" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcnr3UkjCG5IVE7nPfC0cVfuVTwQEp99_gemWghSC--KsnskmnOYIKFfJJ15HD5QbTQR9S5Z6cSkMgHjfdSv7DuTEfrDAi9sosYPBPITIP12mhPzVSt4uz2B8c847NjOdDWWn0_cpKclKfmMkTzAeYwT93E7Jf1i7Jqi0gUoKwoKDULBuGUwQf1fFJdA/w640-h256/Portfolio%20market%20value.png" width="640" /></a></div><div><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglcqc48sLoym57MrJRz1a-P9s9rSt2pivBcuDEI2doFXid-BtTtvRw2BcE6jYERkv5gVRs867lSY2ZwGYQz0cbnice1njWX4SPpMNGPCL39pS7d7pUDyAWRxW3Ri_AwWx7SanHgWuyZ1mLMLA-lcoshSyxlHDwJt3IsHQIaoicL4Y1deReyGNsqpf8-g/s837/Top%2012%20Holdings.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="558" data-original-width="837" height="426" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglcqc48sLoym57MrJRz1a-P9s9rSt2pivBcuDEI2doFXid-BtTtvRw2BcE6jYERkv5gVRs867lSY2ZwGYQz0cbnice1njWX4SPpMNGPCL39pS7d7pUDyAWRxW3Ri_AwWx7SanHgWuyZ1mLMLA-lcoshSyxlHDwJt3IsHQIaoicL4Y1deReyGNsqpf8-g/w640-h426/Top%2012%20Holdings.png" width="640" /></a></div><div><br /></div><div style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAq8OW9qYViZq0JLQ4yJdq1p6Ye2nfINSCTqV2WZMgB3tdtDXEaZQyExNpTT97UY3VmEupBK7UU_uZuyqKxlzkIiNmepnkHx2rxF0c01RkPWVD-xLEb9rBzDUaRXhTFhBmTKZUvKSvVxDP3saCCAU7KwhsYMd7fbdGgnlvGGPeUKTO_WOKOh-rjbE3DQ/s543/Sector%20allocation.png" style="text-align: center;"><img border="0" data-original-height="505" data-original-width="543" height="373" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAq8OW9qYViZq0JLQ4yJdq1p6Ye2nfINSCTqV2WZMgB3tdtDXEaZQyExNpTT97UY3VmEupBK7UU_uZuyqKxlzkIiNmepnkHx2rxF0c01RkPWVD-xLEb9rBzDUaRXhTFhBmTKZUvKSvVxDP3saCCAU7KwhsYMd7fbdGgnlvGGPeUKTO_WOKOh-rjbE3DQ/w400-h373/Sector%20allocation.png" width="400" /></a></div><br /><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Cost:</b> S$552, 454</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Market Value: </b>S$675, 927</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Overall Unrealized Profit:</b> +S$123, 473 (<b><span style="color: #04ff00;">+22.3%</span></b>)</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio XIRR (9M2022): </b><span style="color: red;">-17.1%</span></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Year-to-date Returns:</b> <span style="color: red;">-11.46%</span></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Dividends Collected (Q3 2022): </b>S$11, 532 + US$42</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Total Cumulative Dividends (2010-2022):</b> S$234, 741</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Current Cash Warchest:</b> S$11, 000</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><i>(*All figures are accurate as of 30 Sep 2022)</i></span></p><p><br /></p><p> <span style="font-family: arial;"><b>Portfolio Actions in Q3 2022:</b></span></p><p><span style="font-family: arial;">- Accumulated more Frasers Centrepoint Trust at S$2.18</span></p><p><span style="font-family: arial;">- Accumulated more CapitaLand China Trust at S$1.12</span></p><p><span style="font-family: arial;">- Accumulated more Apple at US$140</span></p><p><span style="font-family: arial;">- Accumulated more Microsoft at US$251</span></p><p><span style="font-family: arial;">- Accumulated more Alphabet at US$106</span></p><p><br /></p><div class="separator" style="clear: both; text-align: center;"><br /></div><br />Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-19490502721005472802022-07-03T21:19:00.002+08:002022-07-03T21:27:57.505+08:00Dividend Warrior's 1H 2022 Portfolio Update - End of Easy Money Era<p> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgodW0HpyGHu1Q_kmHHYngglC-1J4blFL8tTnL7PCUuLHRe9uRXr2jD4LWnb98SFDVPfLeEhsbL6Nxmhv28Zgt4py8FPVQnRFLhAZfUCu293_bu9TR2VRaZnjPdJ1w8UuQ6LPu3qCx8olqZrXqXwfNqNdC-OBaHfQWpc882V2f0uzl7y9dOoMEm-W7meg/s1270/Portfolio%20market%20value.png" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="507" data-original-width="1270" height="256" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgodW0HpyGHu1Q_kmHHYngglC-1J4blFL8tTnL7PCUuLHRe9uRXr2jD4LWnb98SFDVPfLeEhsbL6Nxmhv28Zgt4py8FPVQnRFLhAZfUCu293_bu9TR2VRaZnjPdJ1w8UuQ6LPu3qCx8olqZrXqXwfNqNdC-OBaHfQWpc882V2f0uzl7y9dOoMEm-W7meg/w640-h256/Portfolio%20market%20value.png" width="640" /></a><br /></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiX75kpNgxJDYFYWtKz_JwiWdHfzkkpUm_wHPZlJkH7x2ALvgi9fS0QAA3LuCdDFk-gJK7Iz1qZm9kJIwLA6YPpLNN4BY3TZz9EsKQIWxIK2TvKshwo_D3-UNPiOjeqdH8KTfnOxzb13twnnTEGuFOkX-8yl-KxXfOj2QYWVFWyGgycHWajYcZFGv00Pg/s1237/Dividend%20record.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="636" data-original-width="1237" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiX75kpNgxJDYFYWtKz_JwiWdHfzkkpUm_wHPZlJkH7x2ALvgi9fS0QAA3LuCdDFk-gJK7Iz1qZm9kJIwLA6YPpLNN4BY3TZz9EsKQIWxIK2TvKshwo_D3-UNPiOjeqdH8KTfnOxzb13twnnTEGuFOkX-8yl-KxXfOj2QYWVFWyGgycHWajYcZFGv00Pg/w640-h330/Dividend%20record.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial; font-size: x-small;"><b><i>(Total cumulative dividends = S$223, 208)</i></b></span></td></tr></tbody></table><br /><br /><div style="text-align: center;"><b><span style="font-family: arial; font-size: medium;">Top 12 Core Holdings (30 Jun 2022)</span></b></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGrRDe_EZucSEGKZOvB0IODskae-bynyTfFaKxJcsMNhlFH9Kapfb1RCihcw7YTSKV1-JNKaa2liZM7En6V1zZFogbyJ5Ki2lAAdu6OyygN5S1YERdCSBMEV33oMtIdt-4j5G0x6n6cR_AzT0Fhnpxe073P2CM3-Yz-D3mKB5SFlAf4It9TpJuNInNDQ/s1030/Top%2010%20Holdings.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="432" data-original-width="1030" height="268" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGrRDe_EZucSEGKZOvB0IODskae-bynyTfFaKxJcsMNhlFH9Kapfb1RCihcw7YTSKV1-JNKaa2liZM7En6V1zZFogbyJ5Ki2lAAdu6OyygN5S1YERdCSBMEV33oMtIdt-4j5G0x6n6cR_AzT0Fhnpxe073P2CM3-Yz-D3mKB5SFlAf4It9TpJuNInNDQ/w640-h268/Top%2010%20Holdings.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUjowxq1_xi6obX7w69WLSA2xmfsNwgB55Z7qBGCRahsv9gUguTo5xSgAR-jGzFJE14OQQeB3_eM8P92nrNwh7IHV9tpU1-3EXFqAK7Vae_943aRynSUjsuCLKxVkcdYsP6iEVdbraGyx9ayz9Xlyn2LuaH5HGoVkEgUnjF6xmFjU1XaFUQduLgoXOTw/s532/Sector%20allocation.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="532" height="376" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUjowxq1_xi6obX7w69WLSA2xmfsNwgB55Z7qBGCRahsv9gUguTo5xSgAR-jGzFJE14OQQeB3_eM8P92nrNwh7IHV9tpU1-3EXFqAK7Vae_943aRynSUjsuCLKxVkcdYsP6iEVdbraGyx9ayz9Xlyn2LuaH5HGoVkEgUnjF6xmFjU1XaFUQduLgoXOTw/w400-h376/Sector%20allocation.png" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijSpU3v-cTwbyOYizd8A-GiD67ZAmvwYnuacr-CJSsv20vu3oH6ABudSTBIIqg5S2tVXod3LTFXUbulQYCxmdi9m3MqeLBea9k4EDYTTG40F_qdfDku1YgwKgJGTtHTCk_KSyxRMVUYayjv8kDeRV9yC5rjHPVPy-s0BwrLy5SzBloedJAZZwxJwn6Bw/s612/Tech%20Portfolio.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="612" data-original-width="378" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijSpU3v-cTwbyOYizd8A-GiD67ZAmvwYnuacr-CJSsv20vu3oH6ABudSTBIIqg5S2tVXod3LTFXUbulQYCxmdi9m3MqeLBea9k4EDYTTG40F_qdfDku1YgwKgJGTtHTCk_KSyxRMVUYayjv8kDeRV9yC5rjHPVPy-s0BwrLy5SzBloedJAZZwxJwn6Bw/w397-h640/Tech%20Portfolio.png" width="397" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzgcH1I3D0CkNh7rTqvOwj9BMnRX6I4aPD2whnxMwwqDOUu-nHXXdtrwomrdgaY7TMtbBgeRyR60Olllb7OsBw1Ou9LJSMOAsQAVzfwSZdxDSg3BsZf2wRavhPNfTJFow-_yTq30Vjnimx1oUcuEnJR7QEHjTHBRlNg_bNkcAcfaoIxKS03bLuKA0qcA/s703/XIRR.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="703" data-original-width="238" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzgcH1I3D0CkNh7rTqvOwj9BMnRX6I4aPD2whnxMwwqDOUu-nHXXdtrwomrdgaY7TMtbBgeRyR60Olllb7OsBw1Ou9LJSMOAsQAVzfwSZdxDSg3BsZf2wRavhPNfTJFow-_yTq30Vjnimx1oUcuEnJR7QEHjTHBRlNg_bNkcAcfaoIxKS03bLuKA0qcA/w216-h640/XIRR.png" width="216" /></a></div><br /><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Cost:</b> S$552, 309</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Market Value: </b>S$717, 725</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Overall Unrealized Profit:</b> +S$165, 416 (<b><span style="color: #04ff00;">+29.9%</span></b>)</span></p><p style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b style="color: #333333;">Portfolio XIRR (Q2 2022): </b><span style="color: red;">-11.43%</span></span></p><p style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b style="color: #333333;">Portfolio Year-to-date Returns:</b> <span style="color: red;">-5.9%</span></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Dividends Collected (Q2 2022): </b>S$10, 980</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Total Cumulative Dividends (2010-2022):</b> S$223, 208</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Current Cash Warchest:</b> S$33, 700</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><i>(*All figures are accurate as of 30 Jun 2022)</i></span></p><p><br /></p><p><span style="font-family: arial;"><b>Portfolio Actions in Q2 2022:</b></span></p><p><span style="font-family: arial;">- Accumulated more Ascendas REIT at S$2.73</span></p><p><span style="font-family: arial;">- Accumulated more CapitaLand China Trust at S$1.15</span></p><p><span style="font-family: arial;">- Accumulated more Mapletree Logistics Trust at S$1.61</span></p><p><span style="font-family: arial;">- Accumulated more TSMC at US$88</span></p><p><span style="font-family: arial;">- Initiated position on Nvidia at US$187</span></p><p><br /></p><p><b><span style="font-family: arial;">Taming The Inflation Monster</span></b></p><p><span style="font-family: arial;">Global markets have been brutal in Q2 2022. Oil price shot above US$100. Countries started banning exports of resources like wheat, palm oil and chickens. Inflation rates in developed nations hit record highs in decades! According to the experts, we should expect an extended period of high inflation. This is bad. Inflation 'robs' everyone except maybe the uber rich. Oh, and to make matters worse, here in Singapore, we are set to raise GST next year. In Q2, the US Federal Reserve was desperately trying to tame this inflation monster without causing a full-blown recession. Engineering a 'soft landing' is easier said than done. I reckon the US fed would probably swing the pendulum too far into the other side. So guys, buckle up and hunker down. Be prepared for more pain ahead. </span></p><p><span style="font-family: arial;"><br /></span></p><p><span style="font-family: arial;"><b>Hope For The Best, Plan For The Worst</b></span></p><p><span style="font-family: arial;">The best case scenario is the US Fed rate hikes working effectively in bringing down inflation gradually by the end of 2022. But we all know things rarely work out the way we want them to. These are things I have been doing to better prepare financially for an inflationary future. Obviously, I can only speak for myself. Everyone's financial situation is unique. There is no one-size-fits-all solution. So you lot need to make adjustments yourselves.</span></p><p><span style="font-family: arial;">First, try to stay employed! Get that regular paycheck. I am saving up most of my mid-year bonus. This might sound counter-intuitive since high inflation is going to erode the cash value. Don't get me wrong. I am not saying we should hoard a mountain of cash. But we do need to keep a healthy amount to pay for higher living expenses. Cash is like oxygen. You don't really notice it, until you really need it. And for those home buyers with a mortgage loan burden on their shoulders, hang on to your jobs for dear life! Banks are likely to keep raising home loan rates over the next couple of months.</span></p><p><span style="font-family: arial;">Second, I am buying the 'deeper' dips. Buy in batches, with wider margins in between batches. I noticed these 'deeper' dips in the markets tend to occur after the US release their monthly CPI figures. This pattern could repeat in 2H 2022. Plan your watchlist and get ready for more buying opportunities.</span></p><p><span style="font-family: arial;">Third, focus on quality top-tier companies with strong balance sheets and pricing power. Avoid companies with high capex and operational costs. Buy the winners. Buy the leaders. I am going for blue-chip banks, REITs and tech.</span></p><p><span style="font-family: arial;">And while we are on the subject of 'quality'. I feel we should focus our personal spending on stuff that add value to our lives <i>consistently</i>. For example, I go for runs at least thrice a week. So I decided to invest in a pair of Nike running shoes. All of us got to eat everyday right? So, food is another thing I would go for quality. Tasty food is absolutely worth it! Live a little! ^^</span></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/a3_DAmGJufw" width="320" youtube-src-id="a3_DAmGJufw"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/tEWqaNcIyZM" width="320" youtube-src-id="tEWqaNcIyZM"></iframe></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/ZloxGnoK2yk" width="320" youtube-src-id="ZloxGnoK2yk"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><p><i>You create your own calm</i></p><p><i>Dividend Warrior</i></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-83599256928861453622022-05-10T21:24:00.006+08:002022-05-10T21:33:11.861+08:00Dividend Warrior's Q2 2022 REITs Performance & Passive Income Update - Higher Than Pre-Pandemic Levels! <p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyUWWEY8HnoRrpU65c6PRFBYNaWcQAw7-STxVeuQEBkvLe5tQ1n3b76o78E9gDWTqJ-KeBnMfRZ2sMtWj870zQpxP4HjIy8CPb-VlKXG7X8u3BKH8DaP-OxnJENnf1Qpa5sgPR4b9Ku3eN58XmThrs8A-bSw2pv-5KfbceLg-4LJpQyutTWQ1ePGt9Ng/s857/DPU%20performance.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="742" data-original-width="857" height="554" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyUWWEY8HnoRrpU65c6PRFBYNaWcQAw7-STxVeuQEBkvLe5tQ1n3b76o78E9gDWTqJ-KeBnMfRZ2sMtWj870zQpxP4HjIy8CPb-VlKXG7X8u3BKH8DaP-OxnJENnf1Qpa5sgPR4b9Ku3eN58XmThrs8A-bSw2pv-5KfbceLg-4LJpQyutTWQ1ePGt9Ng/w640-h554/DPU%20performance.png" width="640" /></a></div> <div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrygwMnmY6SyN7vHJtSrSuhbQBR4VSql4e141LvCgO63c906mXULd4Atly3nl3bjSMBMLbhCpqiH-Oz0pnbq95mpenoKB0BsW5rnGUPF7EVjCNHaZ6qbkqSj5Tyk52gOv9RaizUbvAZcCsgZtwCiE-r4-0mzQF1juJE4xVc6Ezxg2SXQbpFCttAIgTpQ/s731/NAV%20performance.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="577" data-original-width="731" height="506" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrygwMnmY6SyN7vHJtSrSuhbQBR4VSql4e141LvCgO63c906mXULd4Atly3nl3bjSMBMLbhCpqiH-Oz0pnbq95mpenoKB0BsW5rnGUPF7EVjCNHaZ6qbkqSj5Tyk52gOv9RaizUbvAZcCsgZtwCiE-r4-0mzQF1juJE4xVc6Ezxg2SXQbpFCttAIgTpQ/w640-h506/NAV%20performance.png" width="640" /></a></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjb94qVkwBOpZ4XhM9qEL7D3dFRGa9Z9y3noaOCrn_bH8CR5K3Y5W9N61m4mHL39X5phMBxzpyt4G0FxmrgEBNvVaKyZly8xW7GUf7X9arZCpv_kznMX3rS1xLEd4gVyAGiJgzKnBbqwxGjwuSSN6yq0HcjBRohOf9f7Izqo0fZcuSiMhUpNsOqHZuEqQ/s622/2Q2022%20CD.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="151" data-original-width="622" height="156" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjb94qVkwBOpZ4XhM9qEL7D3dFRGa9Z9y3noaOCrn_bH8CR5K3Y5W9N61m4mHL39X5phMBxzpyt4G0FxmrgEBNvVaKyZly8xW7GUf7X9arZCpv_kznMX3rS1xLEd4gVyAGiJgzKnBbqwxGjwuSSN6yq0HcjBRohOf9f7Izqo0fZcuSiMhUpNsOqHZuEqQ/w640-h156/2Q2022%20CD.png" width="640" /></a></div><div><br /></div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSgFu8MkXwajXajBDhOyNHkitzXSMvJR59Tf7onUhqNNUZNXOLfRj_r1s0pEMLMqMP0YNmbcW9C6LlSkncW-90XAjuNRdU5p7_b9zv24kBrhvyYqhGfDYjcxOcceFMivk6e7hltBRr1Wh-gBvaQ9lu-90obZVB3PIvatpxT83hPuaQ9E0626ud1kqZ7g/s1237/Dividend%20record.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="636" data-original-width="1237" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSgFu8MkXwajXajBDhOyNHkitzXSMvJR59Tf7onUhqNNUZNXOLfRj_r1s0pEMLMqMP0YNmbcW9C6LlSkncW-90XAjuNRdU5p7_b9zv24kBrhvyYqhGfDYjcxOcceFMivk6e7hltBRr1Wh-gBvaQ9lu-90obZVB3PIvatpxT83hPuaQ9E0626ud1kqZ7g/w640-h330/Dividend%20record.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial;"><b><i>(Total cumulative dividends = S$223, 208)</i></b></span></td></tr></tbody></table><br /><div><br /></div><div><span style="font-family: arial;">Achieved S$16, 430 in 1H 2022 passive income, representing a 10.4% rise compared to 1H 2021. As the world frets about another impending recession, I just look forward to a new CD season. Every dividend payment day is a happy day! Most people might treat dividend growth investing simply as another style of investing. But to me, it is much more than that. It has always been a pursuit that centered me, calmed me. Especially during these turbulent times when the markets seem to be crumbling. Dividend investing is <i>discipline</i>. Dividend investing is <i>freedom</i>. Dividend investing is <i>Zen</i>. </span></div><div><br /></div><div><span style="font-family: arial;">Read my <a href="http://dividendsrichwarrior.blogspot.com/2021/05/dividend-warriors-2q2021-reits.html" target="_blank">1H 2021 passive income update here.</a></span></div><div><br /></div><div><br /></div><div><b><span style="font-family: arial;">I have been enjoying the easing of Covid-19 measures in Singapore! </span></b></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/0vgwBaJDFIA" width="320" youtube-src-id="0vgwBaJDFIA"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/2lRj9hMEUSk" width="320" youtube-src-id="2lRj9hMEUSk"></iframe></div><br /><div><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><span style="font-size: medium;"><span style="color: #cc0000;"><br /></span></span></span></i></div><div><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><span style="font-size: medium;"><span style="color: #cc0000;">Follow me on Twitter at </span><a href="https://twitter.com/DivyWarrior" style="color: #d52a33; text-decoration-line: none;" target="_blank"><span style="color: #2b00fe;">https://twitter.com/DivyWarrior</span></a></span></span></i></div>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-70492415324576738922022-04-05T20:56:00.005+08:002022-04-11T20:52:21.971+08:00Dividend Warrior's Q1 2022 Portfolio Update - A Surprise New High!<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT-KtfFtgwtLL-OehY8g4209zH5-VRyWWpjb3br4RxpCVhMS0Oc-IyG0uOgEJf7po3VUjhcmTpTDa8euQ9PJ_9JKYe61-iNJIE8yy7l_JwAeYWatgAUfqc2xveR4BHOK1Mkz8znTIPGOuWY8-2yjwFqgxcX1I67JRmRLPLMN1VYq60c64SevBRgeHOXA/s1145/Portfolio%20market%20value.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="466" data-original-width="1145" height="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT-KtfFtgwtLL-OehY8g4209zH5-VRyWWpjb3br4RxpCVhMS0Oc-IyG0uOgEJf7po3VUjhcmTpTDa8euQ9PJ_9JKYe61-iNJIE8yy7l_JwAeYWatgAUfqc2xveR4BHOK1Mkz8znTIPGOuWY8-2yjwFqgxcX1I67JRmRLPLMN1VYq60c64SevBRgeHOXA/w640-h260/Portfolio%20market%20value.png" width="640" /></a></div><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivgYJIoW7_J8k-ouiSO3j5kFHfGDu3ZzBzawjZLi0rej2Iq1IZ4m4Q2JLgscGHn9MOPuJTsAaYrSiU0_00GT8D5kRru7mgBOAknzQ2J5YVYSJnehh7seRq06rJ9XmDdgoTsIOwSA56X6WLH5HOl4H2qllvLkCIMUns6NeSyT4i8huRgnYj287Kzf8SAw/s1236/Dividend%20record.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="636" data-original-width="1236" height="330" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivgYJIoW7_J8k-ouiSO3j5kFHfGDu3ZzBzawjZLi0rej2Iq1IZ4m4Q2JLgscGHn9MOPuJTsAaYrSiU0_00GT8D5kRru7mgBOAknzQ2J5YVYSJnehh7seRq06rJ9XmDdgoTsIOwSA56X6WLH5HOl4H2qllvLkCIMUns6NeSyT4i8huRgnYj287Kzf8SAw/w640-h330/Dividend%20record.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial;"><b><i>(Total cumulative dividends = S$212, 228)</i></b></span></td></tr></tbody></table><p></p><p><br /></p><p style="text-align: center;"><span style="font-family: arial; font-size: large;"><b>Top 12 Holdings (31 Mar 2022)</b></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJhBBZnTvqIsiafI7C2CsPZao_TsN8M8Nn6THkMCY6yQlfZm44aX6rzi5KHWi1ZsARMsjD8TKR3XQMnu7xYNkpCJDfX4EqpIEC6fOV_5a_J1np85lUf6rzO20d9YwK_4M8xWfd_YHi1h95l57e-mDxzKl_Gsbm-rRqUwkgHXDV1Akxu5voNO3kercGrQ/s1021/Top%2010%20Holdings.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="435" data-original-width="1021" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJhBBZnTvqIsiafI7C2CsPZao_TsN8M8Nn6THkMCY6yQlfZm44aX6rzi5KHWi1ZsARMsjD8TKR3XQMnu7xYNkpCJDfX4EqpIEC6fOV_5a_J1np85lUf6rzO20d9YwK_4M8xWfd_YHi1h95l57e-mDxzKl_Gsbm-rRqUwkgHXDV1Akxu5voNO3kercGrQ/w640-h272/Top%2010%20Holdings.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzvfmsOlct_uftBJR6F551UI_gQztQtO9MWmOyu_whSIUKw6Ugeva7Mhie9lmMmcY9BGI8mlCldwGnlRznV4CxlGwcpWjsj_SQ_ESt0boLFm1GDJCJlE8-r8O6pceR89mfSYfxC9DNmvzpx8qzxiG3vB0cXpZPr88X7vmTMjsQnc5E2otUipL0VwyZXA/s493/Sector%20allocation.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="452" data-original-width="493" height="366" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzvfmsOlct_uftBJR6F551UI_gQztQtO9MWmOyu_whSIUKw6Ugeva7Mhie9lmMmcY9BGI8mlCldwGnlRznV4CxlGwcpWjsj_SQ_ESt0boLFm1GDJCJlE8-r8O6pceR89mfSYfxC9DNmvzpx8qzxiG3vB0cXpZPr88X7vmTMjsQnc5E2otUipL0VwyZXA/w400-h366/Sector%20allocation.png" width="400" /></a></div><div><br /></div><div><br /></div><div style="text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeVYxtxMaPn2N3k9AFGFo3FmvUJ3arp-0ckhsKd50Isj7-IwazywzaGVQNlS-IOQlW1MPpMOEkDr2DcU2p0s-jYj0yqamwLwvg06GsJbo0GsDZekNMt5OxKcIUZcnJexUqXP6N7GmfzlffQwhyn4Pm05WIxtXgZIrYsLGohnNErRmfg3QdpssThXTevQ/s622/Tech%20Portfolio.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="622" data-original-width="373" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeVYxtxMaPn2N3k9AFGFo3FmvUJ3arp-0ckhsKd50Isj7-IwazywzaGVQNlS-IOQlW1MPpMOEkDr2DcU2p0s-jYj0yqamwLwvg06GsJbo0GsDZekNMt5OxKcIUZcnJexUqXP6N7GmfzlffQwhyn4Pm05WIxtXgZIrYsLGohnNErRmfg3QdpssThXTevQ/w384-h640/Tech%20Portfolio.png" width="384" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmvxJF4OR0GSfDHKDEFlwZuOt08-HM4k62NxNHA6tVtsvaLQMZ3tC4ip9lfug2AeZE3yVCPNPgQI0YLL9SxFt5iY1QCgQdWnNcy05OG0vdWqmoMOrQgAnFtv196h-ppP2mQBm1jc7WtLjRx_7qSRp3RH-xOD6MWggZO1JK3zqrdRpW6PKccKRPNf-xmA/s708/XIRR.png"><img border="0" data-original-height="708" data-original-width="240" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmvxJF4OR0GSfDHKDEFlwZuOt08-HM4k62NxNHA6tVtsvaLQMZ3tC4ip9lfug2AeZE3yVCPNPgQI0YLL9SxFt5iY1QCgQdWnNcy05OG0vdWqmoMOrQgAnFtv196h-ppP2mQBm1jc7WtLjRx_7qSRp3RH-xOD6MWggZO1JK3zqrdRpW6PKccKRPNf-xmA/w216-h640/XIRR.png" width="216" /></a></div><br /><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Cost:</b> S$542, 046</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Market Value: </b>S$776, 062</span></p><p style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b style="color: #333333;">Portfolio Overall Unrealized Profit:</b><span style="color: #333333;"> +S$234, 016 (</span><b><span style="color: #04ff00;">+43.2%</span></b><span style="color: #333333;">)</span></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio XIRR (Q1 2022): </b>+7.01%</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Dividends Collected (Q1 2022): </b>S$5, 450</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Total Cumulative Dividends (2010-2022):</b> S$212, 228</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Current Cash Warchest:</b> S$21, 600</span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><i>(*All figures are accurate as of 31 Mar 2022)</i></span></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><br /></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Actions in Q1 2022:</b></span></p><p style="text-align: left;"><span style="font-family: arial;">- Divested Sea Group at US$193, taking a loss of -33.4%</span></p><p style="text-align: left;"><span style="font-family: arial;">- Accumulated 3 tranches of Tesla at US$1038, US$908 and US$850</span></p><p style="text-align: left;"><span style="font-family: arial;">- Accumulated more Microsoft at US$308</span></p><p style="text-align: left;"><span style="font-family: arial;">- Accumulated more CapitaLand China Trust (CLCT) at S$1.16</span></p><p><br /></p><p><b><span style="font-family: arial;">Doubling Down on Tesla</span></b></p><p><span style="font-family: arial;">Growth continues to slow down for the gaming unit of Sea Group. Garena is the sole profit-generating business for Sea Group. The cash-burning business model of Shopee looks set to continue as they compete against Lazada in the Southeast Asia e-commerce market. With the new digital banking service launching soon, I foresee the cash-burn rate to remain elevated. Since Sea Group makes up a tiny portion of my portfolio, I decided to cut my losses and re-invest the sale proceeds into Tesla. </span></p><p></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/7-4yOx1CnXE" width="320" youtube-src-id="7-4yOx1CnXE"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/od-_RM7PVuM" width="320" youtube-src-id="od-_RM7PVuM"></iframe></div><span style="font-family: arial;"><br /></span><p></p><p><span style="font-family: arial;">The growth trajectory of this EV giant over the next 5 years is significantly clearer, with the opening of Giga Berlin and Giga Texas. The global demand for EVs is set to increase exponentially and Tesla is way ahead of its competitors who are struggling harder with chips and battery shortage. Tesla has already established a supercharger network (~30,000 points worldwide) whereas its competitors are now just starting to build their charging infrastructure. The legacy automakers are way behind Tesla in terms of securing more supplies of rare metals for large-scale battery production. So, I believe cutting the 'weed' that is Sea Group and doubling down on a hypergrowth, disruptive winner like Tesla is the right choice. With this latest accumulation, Tesla has moved into my top 15 positions. It is now my largest growth counter.</span></p><p><span style="font-family: arial;"><br /></span></p><p><span style="font-family: arial;"><b>Fed Rate Hike Cycle Starts</b></span></p><p><span style="font-family: arial;">By now, we can all agree that inflation is no longer transitory. In a bid to combat inflation from running away, the US Federal Reserve has started the rate hike cycle in March. The market is guiding six more small hikes by the end of 2022. The monetary tightening is likely to be gradual. REITs are widely expected to react negatively to this development. But lo and behold, most of them started to grind higher! Contrary to popular belief, REITs tend to perform relatively well in an inflationary environment. The last time the US had hyperinflation in the 1970s, REITs outperformed many other sectors. As long as Uncle Powell communicate subsequent rate hikes clearly, I believe REITs will keep chugging along just fine. </span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQ44hC-8HyQTQp93d0FCPCCu6QsdQNgdHIYyvuWN3UtTWTYbZI68WjYtwCSg24zP86qelnPwr4ZstE4ZiycDENmv9tmMtyYjhnnr8Z1BqZLzpv5Tst60aZUPEdnk7lqS7heeRiEV2VVbQI8CzWQqrZAVN7GACLaCVAfE62lKjh-hdLrnGE9WWoj359Ew/s1020/High%20inflation%201970s.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="768" data-original-width="1020" height="301" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQ44hC-8HyQTQp93d0FCPCCu6QsdQNgdHIYyvuWN3UtTWTYbZI68WjYtwCSg24zP86qelnPwr4ZstE4ZiycDENmv9tmMtyYjhnnr8Z1BqZLzpv5Tst60aZUPEdnk7lqS7heeRiEV2VVbQI8CzWQqrZAVN7GACLaCVAfE62lKjh-hdLrnGE9WWoj359Ew/w400-h301/High%20inflation%201970s.png" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><p><b><span style="font-family: arial;">A New World Order? Not So Quick...</span></b></p><p><span style="font-family: arial;">Talk of a new world order emerging is a little bit of a hyperbole. It is still pre-mature to talk about a changing world order when the top five largest companies in the world are still American. Apple, Microsoft, Amazon, Alphabet and Tesla are not fading away anytime soon. In fact, these giants are still expanding. Their products and services firmly entrenched in our daily lives. Look, don't get me wrong. China is a close second in the world order and catching up. But they also have a host of domestic problems. A heavily leveraged real estate sector where the Chinese have most of their wealth in. Birth rates falling off the cliff. Population aging rapidly within one generation. </span></p><p></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/dnp_MxXY9qs" width="320" youtube-src-id="dnp_MxXY9qs"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/OABQT3gyYmA" width="320" youtube-src-id="OABQT3gyYmA"></iframe></div><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/zgDLl1tXd0s" width="320" youtube-src-id="zgDLl1tXd0s"></iframe></div><span style="font-family: arial;"><br /></span><p></p><p><span style="font-family: arial;">I prefer to take a more balanced approach on this. Diversify some funds into the China market. No all-in. Never all-in. Demand for modern logistics properties and data centres would continue to grow in China. That is why I accumulated more CapitaLand China Trust. Collecting rent from the China market wouldn't hurt, right? </span></p><p><br /></p><p><b><span style="font-family: arial;">Sticking to my 'Life goes on' Plan</span></b></p><p><span style="font-family: arial;">Still on track to hit S$800k portfolio value and S$33k in annual dividends by year end. Often I ask myself what kind of events would be catastrophic enough to end my portfolio. Short of an asteroid striking Earth or an all-out nuclear war, my current portfolio should prevail. Even a two-year global pandemic could not destroy it. Life always finds a way. Probably the beauty of capitalism? It has this power of renewal. So, I would urge all of you to come up with your own version of the 'Life goes on' plan and stick to it.</span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcwnulPLpn1Mh2bcDBJmgbTniebmwU31hB2UJ9VkVitykRFPZt2AI86zDNFm2K4PhEtizvAeqLNLy1n_5ykzfySqrV4Aobv_sQnuLnctgAE1S3ZASAlQCxgdLmWdk7RB7EFArrt8RJ_0ZMXiDzBki7AnJOy7P1eG2t5-51WnoeiGNXdtkltkgG5lNq6A/s1350/Asset%20Allocation%20Pyramid.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="629" data-original-width="1350" height="298" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcwnulPLpn1Mh2bcDBJmgbTniebmwU31hB2UJ9VkVitykRFPZt2AI86zDNFm2K4PhEtizvAeqLNLy1n_5ykzfySqrV4Aobv_sQnuLnctgAE1S3ZASAlQCxgdLmWdk7RB7EFArrt8RJ_0ZMXiDzBki7AnJOy7P1eG2t5-51WnoeiGNXdtkltkgG5lNq6A/w640-h298/Asset%20Allocation%20Pyramid.png" width="640" /></a></div><p></p><p><span style="font-family: arial;">Never quit. Keep moving forward. Keep compounding. Navigating through crises. Long-term investing is not just about survival. It is more about </span><i style="font-family: arial;">prevailing</i><span style="font-family: arial;">. There is a difference. That's the beauty of dividend investing. No matter if the market is up, down or sideways, you are still getting paid. There is a certain... comfort in knowing that. People always talk about 'Financial Freedom' or 'Financial Independence'. Well, how about some 'Financial Comfort'?</span></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/efLi0W1Nk2Q" width="320" youtube-src-id="efLi0W1Nk2Q"></iframe></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/Pjm10sgkX2Q" width="320" youtube-src-id="Pjm10sgkX2Q"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><b>Good food = Good life :)</b></div><br /><p><br /></p><p><br /></p><p><i><span style="font-size: medium;">Be Financially Comfortable</span></i></p><p><i><span style="font-size: medium;">Dividend Warrior</span></i></p><p><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><span style="font-size: medium;"><span style="color: #cc0000;">Follow me on Twitter at </span><a href="https://twitter.com/DivyWarrior" style="color: #d52a33; text-decoration-line: none;" target="_blank"><span style="color: #2b00fe;">https://twitter.com/DivyWarrior</span></a></span></span></i></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0Singapore1.352083 103.819836-26.958150836178845 68.663586 29.662316836178846 138.976086tag:blogger.com,1999:blog-9011577338115764180.post-60583274879450044072022-02-10T22:33:00.003+08:002022-02-10T22:42:41.970+08:00Dividend Warrior's Q1 2022 REITs Performance & Passive Income Update - A 57% Growth Year-On-Year!<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEho1-eSGkZ6QUFQmbcCcqwAyPkiBo7m4NOl4Jl-ALrpwJAXt0AZG9Dde0nysr8Jn2gA_CnkPamx7OyH1OPcFTPtVKXD7mzPnN31ncc7epory8Z3ZtJ6BTFLdMhtEo36S4iS4bO_ph-xXYlgwkCGusf8eq3CLLs-SiWhjrlx8MvGjwVhNLpDenn9-WbqQA=s1023" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="710" data-original-width="1023" height="444" src="https://blogger.googleusercontent.com/img/a/AVvXsEho1-eSGkZ6QUFQmbcCcqwAyPkiBo7m4NOl4Jl-ALrpwJAXt0AZG9Dde0nysr8Jn2gA_CnkPamx7OyH1OPcFTPtVKXD7mzPnN31ncc7epory8Z3ZtJ6BTFLdMhtEo36S4iS4bO_ph-xXYlgwkCGusf8eq3CLLs-SiWhjrlx8MvGjwVhNLpDenn9-WbqQA=w640-h444" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgozvDsmGox9RBPiOQubcHqvq7ksjiwZJ6RiDtEhzJMtOHtq2PMqjn791RcRf9lwig2n0T1q2SSYIWioIsPiEJuGKuW3nEOYkE-PF7fYM39GcIAV1l-evNZW_c6ND1Vb80JzSY-bm0rB0_sABKNMEqkxSjgjn7yIjVMZpCTN6jdUn3mkGm2Iy8vkHOkBg=s860" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="712" data-original-width="860" height="530" src="https://blogger.googleusercontent.com/img/a/AVvXsEgozvDsmGox9RBPiOQubcHqvq7ksjiwZJ6RiDtEhzJMtOHtq2PMqjn791RcRf9lwig2n0T1q2SSYIWioIsPiEJuGKuW3nEOYkE-PF7fYM39GcIAV1l-evNZW_c6ND1Vb80JzSY-bm0rB0_sABKNMEqkxSjgjn7yIjVMZpCTN6jdUn3mkGm2Iy8vkHOkBg=w640-h530" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiH8fxBGIbhany6FzPmMyy_n1uDELSuolqJVfGc0w6DigU9DASqu_PQg_bL8ckiBApG4dnzMeTraioWPmOp3TD4Z9vKCY-c68A9-XUovb9PSPv0QUJnpLHzOHLXEau8zMt0UohEkRPLINu-IDh5GKmwo9B2VgogtFYsTfbykcXEM9Yt35_TpCMmbwXrvA=s668" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="176" data-original-width="668" height="168" src="https://blogger.googleusercontent.com/img/a/AVvXsEiH8fxBGIbhany6FzPmMyy_n1uDELSuolqJVfGc0w6DigU9DASqu_PQg_bL8ckiBApG4dnzMeTraioWPmOp3TD4Z9vKCY-c68A9-XUovb9PSPv0QUJnpLHzOHLXEau8zMt0UohEkRPLINu-IDh5GKmwo9B2VgogtFYsTfbykcXEM9Yt35_TpCMmbwXrvA=w640-h168" width="640" /></a></div><br /><p></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgtNJsYdjrhMY756vBGnLXeXKljGXy3IArTHvgcfBOmrMApfbbUS7a6skMtXcOH1W7a2J5abjEULj3H3VeJRVwYNejog4kWcOoezc-ilPjM5mB70h_dq0p82O6ii6Cb-Cf60MuwW51wFRmoDJRpFelRRlPqoKIKW2mnG9-29PxJTs7cYNy1cnyjynsnCQ=s1237" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="635" data-original-width="1237" height="328" src="https://blogger.googleusercontent.com/img/a/AVvXsEgtNJsYdjrhMY756vBGnLXeXKljGXy3IArTHvgcfBOmrMApfbbUS7a6skMtXcOH1W7a2J5abjEULj3H3VeJRVwYNejog4kWcOoezc-ilPjM5mB70h_dq0p82O6ii6Cb-Cf60MuwW51wFRmoDJRpFelRRlPqoKIKW2mnG9-29PxJTs7cYNy1cnyjynsnCQ=w640-h328" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial;"><b><i>(Total cumulative dividends = S$212, 193)</i></b></span></td></tr></tbody></table><br /><br /><div style="text-align: center;"><span style="font-family: arial; font-size: large;"><a href="http://dividendsrichwarrior.blogspot.com/2021/02/dividend-warriors-1q2021-reits.html" target="_blank">My Q1 2021 passive income update can be found here</a></span></div><div style="text-align: center;"><span style="font-family: arial; font-size: large;">Pretty much a full recovery in my Power of CD! ^^</span></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/4EqyZDOXt9k" width="320" youtube-src-id="4EqyZDOXt9k"></iframe></div><br /><p><br /></p><p><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><span style="font-size: medium;"><span style="color: #cc0000;">Follow me on Twitter at </span><a href="https://twitter.com/DivyWarrior" style="color: #d52a33; text-decoration-line: none;" target="_blank"><span style="color: #2b00fe;">https://twitter.com/DivyWarrior</span></a></span></span></i></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-17022038672758780082022-01-01T16:12:00.007+08:002022-01-03T14:58:05.395+08:00Dividend Warrior's FY2021 Portfolio Update - My 1st Year Investing In Tech<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiB3yDjfuKBAnKnSks6pV5TWSACLk1CWLCNq_GR94tcFJGjyInF1MzE1GdwnajXbrORrAJJVn5y0qkHeMoLsTvBt5jDVrqwtrh7cmMb8ddoTF3B06KpFYkCI_qltT_ltxh3xFY-3vDDHjBnPcZCl79lFVISzCbgHUk15Ei_lnUTcUHhMsyCag5H2il29Q=s1140" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="507" data-original-width="1140" height="284" src="https://blogger.googleusercontent.com/img/a/AVvXsEiB3yDjfuKBAnKnSks6pV5TWSACLk1CWLCNq_GR94tcFJGjyInF1MzE1GdwnajXbrORrAJJVn5y0qkHeMoLsTvBt5jDVrqwtrh7cmMb8ddoTF3B06KpFYkCI_qltT_ltxh3xFY-3vDDHjBnPcZCl79lFVISzCbgHUk15Ei_lnUTcUHhMsyCag5H2il29Q=w640-h284" width="640" /></a></div><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEimrw2HmKpTXkl1Ube9VBzFw653vOxb_usmQvODoGCNmRI54ig9oHBzSUTZjnLK4dTi_3pPTVnhJmRvio9KCGzQ7DLosdlElhtkaZxxLUr2xFtyipkJnaB3WkAi_9KvmdzeYPXfunewOA0twDy15IN7c3trYcapH93512SqcSnQiJI2s51evzvCL7x2NQ=s1300" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="678" data-original-width="1300" height="334" src="https://blogger.googleusercontent.com/img/a/AVvXsEimrw2HmKpTXkl1Ube9VBzFw653vOxb_usmQvODoGCNmRI54ig9oHBzSUTZjnLK4dTi_3pPTVnhJmRvio9KCGzQ7DLosdlElhtkaZxxLUr2xFtyipkJnaB3WkAi_9KvmdzeYPXfunewOA0twDy15IN7c3trYcapH93512SqcSnQiJI2s51evzvCL7x2NQ=w640-h334" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial; font-size: x-small;"><b><i>(Total Cumulative Dividends of S$206, 778) </i></b></span></td></tr></tbody></table><br /><br /><div style="text-align: center;"><b style="font-family: arial; font-size: large;">Top 12 Holdings (31 Dec 2021)</b></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEiEunjsR8IOFJf2lQh8FrDUSgJ8MZWIsitzwIe_rnFJ7kLpdF0PKc8gNm0C-59bvwN4giYSQGXMYOX6OeckG3DcQ1k_Haf9D13FzjexABy513EN5lppcuMeDDH-QCjgZPcnYorDJcQacvsmTn_etXmf4QF9vNJu19YFP91Zazv1ObwlvjeOYjuMyRGPTg=s1327" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="432" data-original-width="1327" height="208" src="https://blogger.googleusercontent.com/img/a/AVvXsEiEunjsR8IOFJf2lQh8FrDUSgJ8MZWIsitzwIe_rnFJ7kLpdF0PKc8gNm0C-59bvwN4giYSQGXMYOX6OeckG3DcQ1k_Haf9D13FzjexABy513EN5lppcuMeDDH-QCjgZPcnYorDJcQacvsmTn_etXmf4QF9vNJu19YFP91Zazv1ObwlvjeOYjuMyRGPTg=w640-h208" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjjX-d0l9gxX6-DxAAg25d2lm_UwNnv9hZNlpT_OmlUmtj_g6VAzQigoEwJjBwLYPJcym4s6V_v2Ha-BJ-mp6jaz-qL25M9UhIE00qWYXs15KmdAFat6ZtQgRi2vrC9sU0U0ZnbkFskxDN70Nmp8sgaTwX5etb0REC8hCOzMJlAqfys3OCGAOuQGb_xrA=s663" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="663" data-original-width="241" height="400" src="https://blogger.googleusercontent.com/img/a/AVvXsEjjX-d0l9gxX6-DxAAg25d2lm_UwNnv9hZNlpT_OmlUmtj_g6VAzQigoEwJjBwLYPJcym4s6V_v2Ha-BJ-mp6jaz-qL25M9UhIE00qWYXs15KmdAFat6ZtQgRi2vrC9sU0U0ZnbkFskxDN70Nmp8sgaTwX5etb0REC8hCOzMJlAqfys3OCGAOuQGb_xrA=w145-h400" width="145" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgZtccn3sHqKacqdj-1ayaVC8kb0xTJflzImBQAYiHzKXZQE3QlKvDbszF1dy3L85jP0f9PdKKeT6vqnORNHYAZvnW76IDQvIRqk135mQtZzpvMDrIHtu22xI5NCf_RWjtTgAMCCZ_5EiH31sBde0QQDyY-iJNo8koeAu6cyP6K-7gKyx0X44Z5kku0iA=s553" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="462" data-original-width="553" height="334" src="https://blogger.googleusercontent.com/img/a/AVvXsEgZtccn3sHqKacqdj-1ayaVC8kb0xTJflzImBQAYiHzKXZQE3QlKvDbszF1dy3L85jP0f9PdKKeT6vqnORNHYAZvnW76IDQvIRqk135mQtZzpvMDrIHtu22xI5NCf_RWjtTgAMCCZ_5EiH31sBde0QQDyY-iJNo8koeAu6cyP6K-7gKyx0X44Z5kku0iA=w400-h334" width="400" /></a></div><br /><p><span style="font-family: arial; font-size: medium;"><b>Portfolio Cost:</b> S$535, 682</span></p><p><span style="font-family: arial; font-size: medium;"><b>Portfolio Market Value: </b>S$762, 835</span></p><p><span style="font-family: arial; font-size: medium;"><b>Portfolio Overall Unrealized Profit:</b> +S$227, 152 (+42.4%)</span></p><p><span style="font-family: arial; font-size: medium;"><b>Portfolio XIRR (FY2021): </b>+10.34%</span></p><p><span style="font-family: arial; font-size: medium;"><b>Dividends Collected (FY2021): </b>S$29, 711</span></p><p><span style="font-family: arial; font-size: medium;"><b>Total Cumulative Dividends (2010-2021):</b> S$206, 778</span></p><p><span style="font-family: arial; font-size: medium;"><b>Current Cash Warchest:</b> S$16, 300</span></p><p><span style="font-family: arial; font-size: medium;"><i>(*All figures are accurate as of 31 Dec 2021)</i></span></p><p><br /></p><p><span style="font-family: arial; font-size: medium;"><b>Portfolio Actions in Q4 2021:</b></span></p><p><span style="font-family: arial; font-size: medium;">- Initiated new position on Alphabet (GOOG) at US$2859</span></p><p><span style="font-family: arial; font-size: medium;">- Accumulated more CLCT at S$1.20 and S$1.17</span></p><p><span style="font-family: arial; font-size: medium;">- Accumulated more MINT at S$2.78 and S$2.66</span></p><p><span style="font-family: arial; font-size: medium;">- Accumulated more Apple at US$158</span></p><p><span style="font-family: arial; font-size: medium;">- Accumulated more Tesla at US$1008, US$985, US$958 and US$938</span></p><p><span style="font-family: arial; font-size: medium;">- Accumulated more Sea Ltd at US$300</span></p><p><span style="font-family: arial; font-size: medium;">- Divested Baba on the US market at US$127, taking a -45% loss</span></p><p><span style="color: red; font-family: arial; font-size: large;"><i>(*Still holding onto my Baba 9988 on the Hong Kong market)</i></span></p><p><span style="font-family: arial; font-size: medium;">- Divested VICOM at S$2.05, taking a -2.8% loss</span></p><p><span style="font-family: arial; font-size: medium;">- Divested Venture at S$19.30, taking a -6.3% loss</span></p><p><span style="font-family: arial;">-<span style="font-size: medium;"> Divested HST ETF at S$1.076, taking a -20.9% loss</span></span></p><p><span style="font-family: arial;"><br /></span></p><p><span style="font-family: arial; font-size: medium;"><b>Milestones Achieved:</b></span></p><p><span style="font-family: arial;">- <a href="http://dividendsrichwarrior.blogspot.com/2021/04/dividend-warriors-1q-2021-portfolio.html" target="_blank">Portfolio value crossed the S$700k mark in Q1 2021</a></span></p><p>- <a href="http://dividendsrichwarrior.blogspot.com/2021/11/dividend-warriors-q4-2021-reits.html" target="_blank"><span style="font-family: arial;">Record high annual dividends of S$29, 711</span></a></p><p>- <a href="http://dividendsrichwarrior.blogspot.com/2021/07/dividend-warriors-2q-2021-net-worth.html" target="_blank"><span style="font-family: arial;">Personal Net Worth crossed S$900k mark in Q2 2021</span></a></p><p><span style="font-family: arial;"><b><br /></b></span></p><p><span style="font-family: arial;"><b>Cutting The Weeds & Planting New Seeds</b></span></p><p><span style="font-family: arial;">Did a tonne of rebalancing work on my portfolio in Q4. Cutting away all my tiny, loss-making positions and reinvest into the winners. Cutting away the festering tumors so that healthy cells can grow again. At the very least, my portfolio growth was able to offset the high inflation. 10.34% XIRR and 13% annual dividend growth is nothing to write home about, but I can live with that, considering there are people still mired in losses in a bullish year.</span></p><p><span style="font-family: arial;">If there is one thing I learnt in 2021, that is to <i>stay with the winners</i>. Take Apple and Tesla as examples. Considering their size, both companies achieved phenomenal consistent growth in 2021. Especially for Tesla, the EV tidal wave looks unstoppable. I believe 2022 is going to be an explosive year for Tesla. Giga Berlin and Giga Texas starting production, 4680 cells high-volume production, Giga Shanghai expansion, FSD Beta 11 going to Level 4 autonomy, automotive insurance and Cybertruck production.</span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjSFrODdiKd83xKDSjChrl3mnp-lVkitra4I9-DXHSR13rRXxvIe7Y5fWzXt_pb8RnK58kSqs7Nt0yO6VMXtZZWYFs8LbhuO0nSbUAhM1dpJPqKmFtjiWcshxd_0NC8Moa0-UFFJN2Bt4hMW4nMTq6YpVQoi6_eHHBPH0RZlG03SM0spfSRhlEznJrOzg=s761" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="696" data-original-width="761" height="366" src="https://blogger.googleusercontent.com/img/a/AVvXsEjSFrODdiKd83xKDSjChrl3mnp-lVkitra4I9-DXHSR13rRXxvIe7Y5fWzXt_pb8RnK58kSqs7Nt0yO6VMXtZZWYFs8LbhuO0nSbUAhM1dpJPqKmFtjiWcshxd_0NC8Moa0-UFFJN2Bt4hMW4nMTq6YpVQoi6_eHHBPH0RZlG03SM0spfSRhlEznJrOzg=w400-h366" width="400" /></a></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEjLlJaJ3ym9XpDOLJDKEBNkUjPSkNLcnoDnwxUEMHXOpD1bo3Tfq3WgTH3ijGmiM5e60Skue_HQ-ah7en6cDFl90_Cyk1iF_Qu88NMv_KJkBOjeEAS0bXxIJNhODMfgfD021P233hcyNMJx-CBEllcCW73ggBaErx0xHqfd1Pka64yvOADVRcNfsmONPA=s678" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="397" data-original-width="678" height="234" src="https://blogger.googleusercontent.com/img/a/AVvXsEjLlJaJ3ym9XpDOLJDKEBNkUjPSkNLcnoDnwxUEMHXOpD1bo3Tfq3WgTH3ijGmiM5e60Skue_HQ-ah7en6cDFl90_Cyk1iF_Qu88NMv_KJkBOjeEAS0bXxIJNhODMfgfD021P233hcyNMJx-CBEllcCW73ggBaErx0xHqfd1Pka64yvOADVRcNfsmONPA=w400-h234" width="400" /></a></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgXI_6uxR7fW4x5zkMgRmbdsSUD_-B_nJaENJLAqhOQe0Dw8QCLUmQGjuypg_p2wlXrB7p_S958Jl_8MDsseh78MKRFuezOXSBUULj4HyrG7nUHtl_HC24gfXcY_mk2NSYgm4GxhEA1CgjFuUW_ykJBdjL3gyNsbqhWV6keAPh74n51Ni_Rxm-IFDkrRA=s625" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="625" data-original-width="371" height="640" src="https://blogger.googleusercontent.com/img/a/AVvXsEgXI_6uxR7fW4x5zkMgRmbdsSUD_-B_nJaENJLAqhOQe0Dw8QCLUmQGjuypg_p2wlXrB7p_S958Jl_8MDsseh78MKRFuezOXSBUULj4HyrG7nUHtl_HC24gfXcY_mk2NSYgm4GxhEA1CgjFuUW_ykJBdjL3gyNsbqhWV6keAPh74n51Ni_Rxm-IFDkrRA=w380-h640" width="380" /></a></div><div style="text-align: center;"><br /></div><p></p><p><span style="font-family: arial;">Tesla is in a sweet spot now. In 2021, they already showed how a ramped-up Giga Shanghai can boost earnings sustainably. With two new Gigafactories on the verge of production, Tesla is going to further strengthen its track record of growing earnings and net income. It should get more profitable as the gross margins expand. Tesla is able to squeeze more profits out of each EV than the legacy automakers. The Gigafactories are more efficient and vertically integrated than those old factories of legacy car companies. This is like taking a leaf out of Apple's playbook. Its iPhone global market share is only 12%, way below Samsung's. But Apple is taking around 40% of the global smartphone profits! All about that profit margin.Although 2021 was the first year I got into the tech sector, it turned out that investing in tech stocks is rather similar to investing in bluechips and REITs. Always go for the Top Dogs. Big Tech usually stay long-term winners as they compound on their competitive advantages and dominant market position. Winner takes all. </span><span style="font-family: arial;">The returns of S&P500 and Nasdaq in recent years have been heavily skewed towards the top 6 constituents (FAAMG). </span><span style="font-family: arial;">Apple with its iPhone and Mac eco-system, Alphabet with its Google search engine and Youtube, Microsoft with its Windows, Office software and Azure cloud services. As we enter the new rate hike cycle, investors are shifting to companies with proven revenue AND earnings growth. Those cash-burning small companies are falling out of favour. Selling a beautiful growth story of producing actual earnings far into the future doesn't seem that attractive anymore. </span></p><p><br /></p><p><span style="font-family: arial;"><b>General Strategy For 2022</b></span></p><p><span style="font-family: arial;">Similar to 2021, I would adopt a Barbell approach in 2022. Go defensive with CPF top-ups and REITs. Go offensive on Tech with profitable growth. I am targeting to hit S$800k in portfolio value and $33k in annual dividends. Alright then, so much for all the heavy investment stuff. >_< We must not forget to reward ourselves occasionally. Can't bring all that wealth to the grave! Enjoy your favourite food. Buy a little something for yourself. Sometimes, it is more productive to slow down and reflect. I do some of my best thinking when I am taking a stroll. Getting close to nature is one of my new year resolutions.</span></p><div class="separator" style="clear: both; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEikf84hH4cb5JRWt3Btk18k1ofVvpzNNYGQkWDu42GqHuIFHusIw_a7v5RA4lHyLTkhEM4IhKQyYXcaShDnYPKWc86R6Cqy1e6aijz5PVIkRTfJoUqwe1KCnRnbAK1KhQtT__cGqNpZOqwah7sQHwBZddJ4Q2Ic6lfCJOn9QdDJCrp1XgAwInqnrNlQPA=s1496" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1496" data-original-width="1170" height="400" src="https://blogger.googleusercontent.com/img/a/AVvXsEikf84hH4cb5JRWt3Btk18k1ofVvpzNNYGQkWDu42GqHuIFHusIw_a7v5RA4lHyLTkhEM4IhKQyYXcaShDnYPKWc86R6Cqy1e6aijz5PVIkRTfJoUqwe1KCnRnbAK1KhQtT__cGqNpZOqwah7sQHwBZddJ4Q2Ic6lfCJOn9QdDJCrp1XgAwInqnrNlQPA=w313-h400" width="313" /></a></div><br /><a href="https://blogger.googleusercontent.com/img/a/AVvXsEhK2DRL5Tye-MjC9mPJDUC1EOBRoJmu0qYhQn-nQBKEtoCyf6MuCWetVx9ChtsX9QJ5uVkrZA9yx2_j_z7LfcmL-v0uY6i7EoeWVX0jMrBwF1OauUthzCgwSioBmAuwFDHyTlQHHUbnLQiddeVSDIZM_jnE7MNxaEWZyXYSupbZNGN53VnyrRPUrR6rgw=s747" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="747" data-original-width="597" height="640" src="https://blogger.googleusercontent.com/img/a/AVvXsEhK2DRL5Tye-MjC9mPJDUC1EOBRoJmu0qYhQn-nQBKEtoCyf6MuCWetVx9ChtsX9QJ5uVkrZA9yx2_j_z7LfcmL-v0uY6i7EoeWVX0jMrBwF1OauUthzCgwSioBmAuwFDHyTlQHHUbnLQiddeVSDIZM_jnE7MNxaEWZyXYSupbZNGN53VnyrRPUrR6rgw=w512-h640" width="512" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/G1H41pDMbmI" width="320" youtube-src-id="G1H41pDMbmI"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/l7Y2fRIN6bk" width="320" youtube-src-id="l7Y2fRIN6bk"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: large;"><b>Wishing all my readers a Happy New Year! </b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: large;"><b>May it be filled with new adventures and great fortunes!</b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: large;"><b>~ Dividend Warrior ~</b></span></div><div class="separator" style="clear: both; text-align: center;"><span style="font-size: large;"><b><br /></b></span></div><div class="separator" style="clear: both; text-align: left;"><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><span style="font-size: medium;"><span style="color: #cc0000;"><br /></span></span></span></i></div><div class="separator" style="clear: both; text-align: left;"><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><span style="font-size: medium;"><span style="color: #cc0000;"><br /></span></span></span></i></div><div class="separator" style="clear: both; text-align: left;"><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><span style="font-size: medium;"><span style="color: #cc0000;">Follow me on Twitter at </span><a href="https://twitter.com/DivyWarrior" style="color: #d52a33; text-decoration-line: none;" target="_blank"><span style="color: #2b00fe;">https://twitter.com/DivyWarrior</span></a></span></span></i></div><p></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-160577526820579272021-11-15T20:43:00.001+08:002021-11-15T20:43:10.677+08:00Dividend Warrior's Q4 2021 REITs Performance & Passive Income Update - Close to $30k Annual Dividends!<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-M6Co2yVrSoE/YZJPtmPRz-I/AAAAAAAAUVE/mFkBSSI3ngYJoUMzaWJq-Td4m4sOlCmBQCNcBGAsYHQ/s810/DPU%2Bperformance.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="577" data-original-width="810" height="456" src="https://1.bp.blogspot.com/-M6Co2yVrSoE/YZJPtmPRz-I/AAAAAAAAUVE/mFkBSSI3ngYJoUMzaWJq-Td4m4sOlCmBQCNcBGAsYHQ/w640-h456/DPU%2Bperformance.png" width="640" /></a></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-Nz0YjdM_wOk/YZJP2HElGPI/AAAAAAAAUVI/9ekL44u7phUBw6AT6Tpy2gLJ5hjp8tjPgCNcBGAsYHQ/s763/NAV%2Bperformance.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="588" data-original-width="763" height="494" src="https://1.bp.blogspot.com/-Nz0YjdM_wOk/YZJP2HElGPI/AAAAAAAAUVI/9ekL44u7phUBw6AT6Tpy2gLJ5hjp8tjPgCNcBGAsYHQ/w640-h494/NAV%2Bperformance.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-Z_9P7a2tAMk/YZJP-vXFaOI/AAAAAAAAUVQ/_Zr6lieHbjA1tYIWzvUfKRAj4VxBOQ5mwCNcBGAsYHQ/s622/4Q2021%2BCD.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="162" data-original-width="622" height="166" src="https://1.bp.blogspot.com/-Z_9P7a2tAMk/YZJP-vXFaOI/AAAAAAAAUVQ/_Zr6lieHbjA1tYIWzvUfKRAj4VxBOQ5mwCNcBGAsYHQ/w640-h166/4Q2021%2BCD.png" width="640" /></a></div><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-sYw_Y7I7KUY/YZJQE65zqFI/AAAAAAAAUVU/wRPOOtxOUYINLygP0NkzD63CVPF2EhG6QCNcBGAsYHQ/s1300/Dividend%2Brecord.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="678" data-original-width="1300" height="334" src="https://1.bp.blogspot.com/-sYw_Y7I7KUY/YZJQE65zqFI/AAAAAAAAUVU/wRPOOtxOUYINLygP0NkzD63CVPF2EhG6QCNcBGAsYHQ/w640-h334/Dividend%2Brecord.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial; font-size: x-small;"><b><i>(Total Cumulative Dividends = S$206, 778)</i></b></span></td></tr></tbody></table><br /><p><span style="font-family: arial;">My annual passive income target of S$28k is achieved! I actually surpassed it, collecting S$29,711 in total. That is similar to the rental income of a 4-room flat in Bishan or Toa Payoh. Thanks to the 3 local banks restoring their dividend payouts and most REITs improving their DPUs in 2021.</span></p><p><span style="font-family: arial;">The post-pandemic recovery for commercial and retail REITs continued in the last quarter. FCT even achieved a slightly higher DPU compared to pre-pandemic days. Considering Singapore was in semi-lockdown mode back in August and September, the latest set of results is encouraging. It is a sign that tenants are finally adjusting their operations to the new endemic norm. The more resilient tenants have learnt to live with covid.</span></p><p><span style="font-family: arial;">Industrial, logistics and data centre REITs just kept powering on. Both MINT and MLT delivered double-figure DPU growth year-on-year! Moving forward, I believe these 'new economy' assets should provide a boost to my passive income in 2022, while keeping pace with inflation. </span><span style="font-family: arial;">The invisible inflation monster is rearing its ugly head. We need to ride this beast. REITs own physical properties that should benefit from inflationary pressures. Take ParkwayLife REIT for example. After signing the new master lease with IHH, its NAV jumped.</span></p><p><span style="font-family: arial;"><br /></span></p><p><span style="font-family: arial;"><br /></span></p><p><i><span style="font-family: times;">Embrace Change. It Makes Life Easier.</span></i></p><p><i><span style="font-family: times;">Dividend Warrior</span></i></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-12206178378540519062021-10-06T21:12:00.001+08:002021-10-06T21:24:08.885+08:00Dividend Warrior's Q3 2021 Portfolio Update - Tech Shopping Spree!<div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-fAD8-ztuLaE/YV1zWR0WIMI/AAAAAAAASH0/zl3ZJSvqebccYl2o9kA0qv_J_7A5m8WMACNcBGAsYHQ/s1062/Portfolio%2Bmarket%2Bvalue.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="491" data-original-width="1062" height="296" src="https://1.bp.blogspot.com/-fAD8-ztuLaE/YV1zWR0WIMI/AAAAAAAASH0/zl3ZJSvqebccYl2o9kA0qv_J_7A5m8WMACNcBGAsYHQ/w640-h296/Portfolio%2Bmarket%2Bvalue.png" width="640" /></a></div><br /><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-yiLNwNqVZ-k/YV1zdmAUROI/AAAAAAAASH4/jbhTKvn294YU__0OJBXnDBqYd8asKK2rQCNcBGAsYHQ/s1287/Dividend%2Brecord.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="677" data-original-width="1287" height="336" src="https://1.bp.blogspot.com/-yiLNwNqVZ-k/YV1zdmAUROI/AAAAAAAASH4/jbhTKvn294YU__0OJBXnDBqYd8asKK2rQCNcBGAsYHQ/w640-h336/Dividend%2Brecord.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><i style="color: #2b00fe; font-family: arial; font-size: small; font-weight: 700;">(Total cumulative dividends of S$199, 900)<br /><br /></i></td></tr></tbody></table><div><br /></div><div><br /></div><div style="text-align: center;"><span style="font-family: arial; font-size: large;"><b>Top 12 Holdings (30 Sep 2021)</b></span></div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-HZZB9Tx9kI0/YV1zooh4AVI/AAAAAAAASIA/ztAV_Sb9OnkZ7UegRxxgkL3PLmrWTsG7QCNcBGAsYHQ/s926/Top%2B10%2BHoldings.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="427" data-original-width="926" height="296" src="https://1.bp.blogspot.com/-HZZB9Tx9kI0/YV1zooh4AVI/AAAAAAAASIA/ztAV_Sb9OnkZ7UegRxxgkL3PLmrWTsG7QCNcBGAsYHQ/w640-h296/Top%2B10%2BHoldings.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><br /></td></tr></tbody></table><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-HEoKviUxjQ0/YV10X2kqOZI/AAAAAAAASIM/8LflSLBtABIJ0oONBu14Tf05Y-ZULDWmgCNcBGAsYHQ/s653/XIRR.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="653" data-original-width="186" height="400" src="https://1.bp.blogspot.com/-HEoKviUxjQ0/YV10X2kqOZI/AAAAAAAASIM/8LflSLBtABIJ0oONBu14Tf05Y-ZULDWmgCNcBGAsYHQ/w114-h400/XIRR.png" width="114" /></a></div><br /><div><br /></div><div><br /></div><div><div style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b style="color: #333333;">Portfolio Cost: </b><span style="color: #333333;">S$530, 295</span><br /><b style="color: #333333;">Portfolio Market Value: </b><span style="color: #333333;">S$748, 868 </span><br /><b style="color: #333333;">Portfolio Overall Unrealized Profit: </b><span style="color: #333333;">+S$218, 573 (</span><i>+41.2%</i><span style="color: #333333;">)</span><br /><b style="color: #333333;">Portfolio XIRR (FY2021):</b><span style="color: #333333;"> +12.01%</span><br /><b style="color: #333333;">Dividends Collected (9M 2021): </b><span style="color: #333333;">S$22, 833</span><br /><b style="color: #333333;">Current Warchest:</b><span style="color: #333333;"> S$23, 700</span></span></div><p><i style="background-color: #fefdfa; color: #333333; font-family: arial; font-size: large;"><br /></i><i style="background-color: #fefdfa; color: #333333; font-family: arial; font-size: large;">(*All figures are accurate as of 30 Sep 2021)</i></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><i style="font-family: arial; font-size: large;"><br /></i></p><p style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Actions in Q3 2021:</b></span></p></div><div><ul style="text-align: left;"><li><span style="font-family: arial;">Accumulated more Alibaba shares at HK$150 - HK$160 range</span></li><li><span style="font-family: arial;">Accumulated more Tesla shares at US$725 </span></li><li><span style="font-family: arial;">Initiated new position on Sea Ltd at US$326</span> </li></ul></div><div><br /></div><div><span style="font-family: arial;"><b>DCA On Alibaba & Tesla Never Stops</b></span></div><div><span style="font-family: arial;">When the going gets tough, go shopping. To me, shopping for stocks is a special type of happiness. Especially when you know you are buying at lower levels than guys like Charlie Munger, Ray Dalio and Monish Pabrai. These are titans with diamond hands.</span></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-3I8fUSXh33o/YV1ypAgml-I/AAAAAAAASHs/NQKZV_-0wVcwsh0ref95b8tNodBi9j6kwCNcBGAsYHQ/s300/Munger%2BDalio%2BPabrai.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="168" data-original-width="300" height="224" src="https://1.bp.blogspot.com/-3I8fUSXh33o/YV1ypAgml-I/AAAAAAAASHs/NQKZV_-0wVcwsh0ref95b8tNodBi9j6kwCNcBGAsYHQ/w400-h224/Munger%2BDalio%2BPabrai.jpg" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-AthPu66tMxI/YV10rpJnwNI/AAAAAAAASIU/ukIKBQyFrAQ3rK-AmkHy1npDJCtUwRvGgCNcBGAsYHQ/s621/Tech%2BPortfolio.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="621" data-original-width="383" height="640" src="https://1.bp.blogspot.com/-AthPu66tMxI/YV10rpJnwNI/AAAAAAAASIU/ukIKBQyFrAQ3rK-AmkHy1npDJCtUwRvGgCNcBGAsYHQ/w394-h640/Tech%2BPortfolio.png" width="394" /></a></div><br /><div><br /></div><div><span style="font-family: arial;">'Common prosperity' policies and potential property sector collapse from China. Inflation and rate hike fears from the US. Another debt ceiling crisis looming in the US (<i>aren't they tired of doing this every year</i>?!) Ha! It is gonna take a helluva crisis to end capitalism. Even a pandemic only slowed it down for a year. There is always a crisis lurking around the corner.</span></div><div><span style="font-family: arial;"><br /></span></div><div><span style="font-family: arial;">Sticking to my plan of buying some US tech, some Chinese tech and some REITs every quarter. Focus my buying efforts on whichever sector that is experiencing a dip. The return of inflation and rate hike fears are starting to exert downward pressure on growth and income equities. As someone who loves buying the dip, that is music to my ears! I could afford to do this because I have the advantage of staying employed with a stable income, supplemented by a steady stream of dividends. So guys, hang on to your jobs. It makes investing a whole lot easier.</span></div><div><br /></div><div><span style="font-family: arial;">Next, position sizing is important. We are all too familiar with those financial Youtubers declaring that they went 100% all-in on a single stock. Well, most of them are young adults in working age. Their future income allows them to continue DCA or buy into other stocks. A regular retiree who is fully dependent on his retirement nest egg or rental income to survive would not have the firepower to keep averaging down on a falling stock such as Alibaba. Catching a falling knife is extra painful when one does not have deep pockets. After his cash is depleted, the investor can only stare at the sinking price helplessly. Worse still, Alibaba is not a stock that pays dividends as you wait for it to recover. Staring at 'dead' money for months is no fun for sure. Not every retiree or investor is like Charlie Munger, a big whale who is flushed with cash. Munger can DCA all he wants for as long as he wants. We must be careful not to copy blindly. I am limiting my Alibaba exposure to 5% of my overall portfolio.</span></div><div><span style="font-family: arial;"><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-zHncaNhk29Y/YV2jZN8lRJI/AAAAAAAASJE/QWcri7_HwZcDt1KsZdTxdSicDz9HRvc7wCNcBGAsYHQ/s1282/Squid%2BGame.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="852" data-original-width="1282" height="266" src="https://1.bp.blogspot.com/-zHncaNhk29Y/YV2jZN8lRJI/AAAAAAAASJE/QWcri7_HwZcDt1KsZdTxdSicDz9HRvc7wCNcBGAsYHQ/w400-h266/Squid%2BGame.png" width="400" /></a></div><br /></div><div><span style="font-family: arial;">As long-term investors, we should do things that are sustainable and scalable. That's how I built a S$500k position size in REITs. I just kept buying the dips. It's not rocket science. Consistency is more important than perfection. Focus and simplicity. Find an investment style that suits you so that you are less likely to give up and flip flop halfway through the journey. </span><span style="font-family: arial;">A rolling stone gathers no moss.</span><span style="font-family: arial;"> </span></div><div><br /></div><div><br /></div><div><span style="font-family: arial;"><b>Enjoying The Endemic Phase In Singapore</b></span></div><div><span style="font-family: arial;">Having a meal in the restaurant is just different to ordering take-outs. With more than 80% vaccination rate, I support Singapore in going the endemic route. I believe this is the sustainable solution. The cycle of lock-downs and re-opening is too disruptive. We need to adapt and learn to live with the virus.</span></div><div><span style="font-family: arial;"><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/susnuVUfTVs" width="320" youtube-src-id="susnuVUfTVs"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/X_0wMeZIH_k" width="320" youtube-src-id="X_0wMeZIH_k"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/_4WAOi8QRXM" width="320" youtube-src-id="_4WAOi8QRXM"></iframe></div><br /></div>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-31923479325010302932021-09-01T15:37:00.001+08:002021-09-01T15:37:19.449+08:00Tech Growth Portfolio Quick Update - Average Prices Full Reveal!<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-rVmtiSuYu9I/YS8skfFtQgI/AAAAAAAAQN4/qztbCBk320INgokzUuTiHbOwv1Eh-KFwgCNcBGAsYHQ/s601/Tech%2BPortfolio.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="601" data-original-width="377" height="400" src="https://1.bp.blogspot.com/-rVmtiSuYu9I/YS8skfFtQgI/AAAAAAAAQN4/qztbCBk320INgokzUuTiHbOwv1Eh-KFwgCNcBGAsYHQ/w251-h400/Tech%2BPortfolio.png" width="251" /></a></div><br /><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-M2v5jl12VGY/YS8srFYQd-I/AAAAAAAAQN8/ypNjZiSDtZkNreBo9NZd-48vDQNryryvQCNcBGAsYHQ/s957/Tech%2BPortfolio%2BPerformance%2B31%2BAug%2B2021.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="448" data-original-width="957" height="300" src="https://1.bp.blogspot.com/-M2v5jl12VGY/YS8srFYQd-I/AAAAAAAAQN8/ypNjZiSDtZkNreBo9NZd-48vDQNryryvQCNcBGAsYHQ/w640-h300/Tech%2BPortfolio%2BPerformance%2B31%2BAug%2B2021.png" width="640" /></a></div><br /><p><br /></p><p><span style="font-family: arial;"><b>Overall Profit/Loss: <span style="color: red;">-2.1%</span></b></span></p><p><span style="font-family: arial;"><b>Total Dividends Collected: US$28.33</b></span></p><p><span style="font-family: arial;"><b><i>*Accumulated more Baba (9988) and Tesla in August 2021</i></b></span></p><p><br /></p><p><i style="background-color: #fefdfa; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><span style="font-size: medium;"><span style="color: #cc0000;">Follow me on Twitter at </span><a href="https://twitter.com/DivyWarrior" style="text-decoration-line: none;" target="_blank"><span style="color: #2b00fe;">https://twitter.com/DivyWarrior</span></a></span></span></i></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-13862995517308847752021-08-07T12:49:00.004+08:002021-08-12T14:39:15.585+08:00Dividend Warrior's 3Q2021 REITs Performance & Passive Income Update - Living In An Endemic World<p> <a href="https://1.bp.blogspot.com/-PP2YEYevzt4/YQ4NSZ2DPcI/AAAAAAAAPik/1xgO96rC_4EtJFJbxS19LWTqNtZqHv9_wCNcBGAsYHQ/s872/3Q2021%2BCD.png" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="590" data-original-width="872" height="434" src="https://1.bp.blogspot.com/-PP2YEYevzt4/YQ4NSZ2DPcI/AAAAAAAAPik/1xgO96rC_4EtJFJbxS19LWTqNtZqHv9_wCNcBGAsYHQ/w640-h434/3Q2021%2BCD.png" width="640" /></a></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-ZNrT0R8-lx4/YQ4NaSZsFCI/AAAAAAAAPio/lMnEDjO9KtQViM4zwMGr2dcKzLcdKs_1QCNcBGAsYHQ/s872/NAV%2Bperformance.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="570" data-original-width="872" height="418" src="https://1.bp.blogspot.com/-ZNrT0R8-lx4/YQ4NaSZsFCI/AAAAAAAAPio/lMnEDjO9KtQViM4zwMGr2dcKzLcdKs_1QCNcBGAsYHQ/w640-h418/NAV%2Bperformance.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-Q6OFowMfrgs/YRTBcut1YQI/AAAAAAAAP0I/KEn-trRJad0LEQ5WQNelDd3eJt-qSL6DgCNcBGAsYHQ/s788/Stock%2Bdividends%2BQ32021.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="328" data-original-width="788" height="266" src="https://1.bp.blogspot.com/-Q6OFowMfrgs/YRTBcut1YQI/AAAAAAAAP0I/KEn-trRJad0LEQ5WQNelDd3eJt-qSL6DgCNcBGAsYHQ/w640-h266/Stock%2Bdividends%2BQ32021.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-nd8Fm8kbwcU/YRTBiuSFIHI/AAAAAAAAP0M/-BFxy776CyQAYLKLFonoyiSDoMhtnZoWACNcBGAsYHQ/s910/3Q2021%2BCD.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="150" data-original-width="910" height="106" src="https://1.bp.blogspot.com/-nd8Fm8kbwcU/YRTBiuSFIHI/AAAAAAAAP0M/-BFxy776CyQAYLKLFonoyiSDoMhtnZoWACNcBGAsYHQ/w640-h106/3Q2021%2BCD.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-7iS5ivQaSOo/YRTBrA9k2rI/AAAAAAAAP0Q/v9g7Fkh3emsBl2OsBh8yF1VoGU9iTHt6QCNcBGAsYHQ/s1290/Dividend%2Brecord.png" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="678" data-original-width="1290" height="336" src="https://1.bp.blogspot.com/-7iS5ivQaSOo/YRTBrA9k2rI/AAAAAAAAP0Q/v9g7Fkh3emsBl2OsBh8yF1VoGU9iTHt6QCNcBGAsYHQ/w640-h336/Dividend%2Brecord.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial;"><b>Total cumulative dividends received: S$199, 613</b></span></td></tr></tbody></table><br /></div><div><br /></div><div><span style="font-family: arial; font-size: medium;">9-month passive income grew 24.9% year-on-year, <a href="http://dividendsrichwarrior.blogspot.com/2020/10/dividend-warriors-9m2020-portfolio.html" target="_blank">from S$18, 050 in 2020</a>. My portfolio is on track to generate $28k in annual dividends by the end of 2021.</span></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-CNskBFV21_4/YQ4WPjk8AaI/AAAAAAAAPjA/s3UdDW4m7q88FnDmQXdCpYXEE7feMzM4ACNcBGAsYHQ/s876/WB%2Bdiamond%2Bhands.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="493" data-original-width="876" height="225" src="https://1.bp.blogspot.com/-CNskBFV21_4/YQ4WPjk8AaI/AAAAAAAAPjA/s3UdDW4m7q88FnDmQXdCpYXEE7feMzM4ACNcBGAsYHQ/w400-h225/WB%2Bdiamond%2Bhands.png" width="400" /></a></div><br /><div><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px;"><span style="font-family: arial;"><span style="color: #cc0000;"><br /></span></span></i></div><div><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><span style="color: #cc0000;"><span style="font-size: medium;">Follow me on Twitter at <a href="https://twitter.com/DivyWarrior" target="_blank">https://twitter.com/DivyWarrior</a></span></span></span></i></div><div><i style="background-color: #fefdfa; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-family: arial;"><span style="color: #cc0000;"><br /></span></span></i></div><br />Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-28469781150890649242021-07-28T20:39:00.004+08:002021-07-28T20:39:47.127+08:00Another Record-High Quarterly Earnings From Apple, AMD, Microsoft & Tesla!<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-La5zjN8KztE/YQFMRJrqI4I/AAAAAAAAO1g/JlUFXR0pPdQFqZLbYs1Zckbrn5MOXC4TgCNcBGAsYHQ/s686/Apple%2Bearnings%2BJul%2B2021.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="436" data-original-width="686" height="406" src="https://1.bp.blogspot.com/-La5zjN8KztE/YQFMRJrqI4I/AAAAAAAAO1g/JlUFXR0pPdQFqZLbYs1Zckbrn5MOXC4TgCNcBGAsYHQ/w640-h406/Apple%2Bearnings%2BJul%2B2021.png" width="640" /></a></div><br /> <div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-akGurfsL7Ss/YQFMV81gizI/AAAAAAAAO1k/zTVqM3VmaCsB6ueCQE-1s_vEZxcRcPj6QCNcBGAsYHQ/s687/AMD%2Bearnings%2B2021.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="435" data-original-width="687" height="406" src="https://1.bp.blogspot.com/-akGurfsL7Ss/YQFMV81gizI/AAAAAAAAO1k/zTVqM3VmaCsB6ueCQE-1s_vEZxcRcPj6QCNcBGAsYHQ/w640-h406/AMD%2Bearnings%2B2021.png" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-TlxuMCnQTkM/YQFMcf4q2hI/AAAAAAAAO1o/FxwUDzUyhSs2IdXoID4i5Nx_oxRc7fPxgCNcBGAsYHQ/s886/AMD%2Brevenue%2Bbreakdown%2BJul%2B2021.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="277" data-original-width="886" height="200" src="https://1.bp.blogspot.com/-TlxuMCnQTkM/YQFMcf4q2hI/AAAAAAAAO1o/FxwUDzUyhSs2IdXoID4i5Nx_oxRc7fPxgCNcBGAsYHQ/w640-h200/AMD%2Brevenue%2Bbreakdown%2BJul%2B2021.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-IKZUBpLI0sA/YQFMmtj0TJI/AAAAAAAAO1w/NvvfBMlgeo86IrFlCw0Zn9VcDu4BDAEFwCNcBGAsYHQ/s686/Microsoft%2Bearnings%2BJul%2B2021.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="436" data-original-width="686" height="406" src="https://1.bp.blogspot.com/-IKZUBpLI0sA/YQFMmtj0TJI/AAAAAAAAO1w/NvvfBMlgeo86IrFlCw0Zn9VcDu4BDAEFwCNcBGAsYHQ/w640-h406/Microsoft%2Bearnings%2BJul%2B2021.png" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-EkZJlc6WU_8/YQFMoxxap8I/AAAAAAAAO10/JSaFTMSo6FI9Jyq12yDibpl-eC8Gkuh3wCNcBGAsYHQ/s973/Microsoft%2Brevenue%2Bbreakdown%2BJul%2B2021.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="351" data-original-width="973" height="230" src="https://1.bp.blogspot.com/-EkZJlc6WU_8/YQFMoxxap8I/AAAAAAAAO10/JSaFTMSo6FI9Jyq12yDibpl-eC8Gkuh3wCNcBGAsYHQ/w640-h230/Microsoft%2Brevenue%2Bbreakdown%2BJul%2B2021.png" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-e6Lq6g2HtfE/YQFM2ew1a3I/AAAAAAAAO2A/o_W4O9jifTIXMWZeB6cglsPnOOfSC2EmwCNcBGAsYHQ/s687/Tesla%2Bearnings%2BJul%2B2021.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="478" data-original-width="687" height="446" src="https://1.bp.blogspot.com/-e6Lq6g2HtfE/YQFM2ew1a3I/AAAAAAAAO2A/o_W4O9jifTIXMWZeB6cglsPnOOfSC2EmwCNcBGAsYHQ/w640-h446/Tesla%2Bearnings%2BJul%2B2021.png" width="640" /></a></div><div><br /></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-2HzPG2EOKi8/YQFNGfRiKCI/AAAAAAAAO2M/jUFv-9aI9M4dnwazT-6OduXev1AGaDYpACNcBGAsYHQ/s620/Tech%2BPortfolio.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="620" data-original-width="376" height="640" src="https://1.bp.blogspot.com/-2HzPG2EOKi8/YQFNGfRiKCI/AAAAAAAAO2M/jUFv-9aI9M4dnwazT-6OduXev1AGaDYpACNcBGAsYHQ/w388-h640/Tech%2BPortfolio.png" width="388" /></a></div><p><br /></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-88389124981999301562021-07-10T14:28:00.005+08:002021-07-11T00:55:22.585+08:00Dividend Warrior's 2Q 2021 Net Worth Update - S$900k Milestone Achieved! <p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-q5k8r508cxY/YOk6ZyqAA6I/AAAAAAAANuc/5JETDU99upUHtyA9fWY7xEu8m6SftHXKACNcBGAsYHQ/s495/Asset%2BAllocation%2Bwithout%2BCPF.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="455" data-original-width="495" height="368" src="https://1.bp.blogspot.com/-q5k8r508cxY/YOk6ZyqAA6I/AAAAAAAANuc/5JETDU99upUHtyA9fWY7xEu8m6SftHXKACNcBGAsYHQ/w400-h368/Asset%2BAllocation%2Bwithout%2BCPF.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-D32o499qMyE/YOk6j6TlR7I/AAAAAAAANug/AfOnkpw8JdcgsC0Bk8VmzWsjrEh_hzTdwCNcBGAsYHQ/s747/Asset%2BAllocation%2Bwith%2BCPF.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="457" data-original-width="747" height="245" src="https://1.bp.blogspot.com/-D32o499qMyE/YOk6j6TlR7I/AAAAAAAANug/AfOnkpw8JdcgsC0Bk8VmzWsjrEh_hzTdwCNcBGAsYHQ/w400-h245/Asset%2BAllocation%2Bwith%2BCPF.png" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><br /> <span style="font-family: arial; font-size: medium;"><b>Year-on-year changes:</b></span><p></p><p></p><ul style="text-align: left;"><li><span style="font-family: arial;">Non-REIT stocks allocation rises from 16% to 23% (<i>Propnex rally, Banks recovery & accumulation of tech stocks</i>)</span></li><li><span style="font-family: arial;">REITs allocation dips slightly from 58% to 57%</span></li><li><span style="font-family: arial;">Warchest allocation falls from 6% to 3% (<i>went on a tech stocks buying spree</i>)</span></li><li><span style="font-family: arial;">Emergency Fund allocation dips from 3% to 2%</span></li><li><span style="font-family: arial;">CPF OA allocation dips from 17% to 15%</span></li></ul><p></p><p><span style="font-family: arial;">Check out my last year's networth update <a href="http://dividendsrichwarrior.blogspot.com/2020/07/dividend-warriors-2q2020-net-worth.html" target="_blank">Here!</a> :)</span></p><p><br /></p><p style="text-align: center;"><span style="font-family: arial; font-size: medium;"><b>Enjoying the Phase 2 (Heightened Alert) Re-opening in Singapore so far!</b></span></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/_wPWAR5udz4" width="320" youtube-src-id="_wPWAR5udz4"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/GpWMXTde8fw" width="320" youtube-src-id="GpWMXTde8fw"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/T1nIN_sLi84" width="320" youtube-src-id="T1nIN_sLi84"></iframe></div><br /><p style="text-align: left;"><span><i><span style="font-family: arial;"><span style="color: #cc0000;">Follow me on Twitter at</span> <a href="https://twitter.com/DivyWarrior " target="_blank">https://twitter.com/DivyWarrior </a></span></i></span></p><p style="text-align: left;"><span style="font-family: times;"><i><br /></i></span></p><p style="text-align: left;"><span style="font-family: times;"><i><br /></i></span></p><p style="text-align: left;"><span style="font-family: times;"><i>Don't Get Sidetracked By People Who Are Not On Track</i></span></p><p style="text-align: left;"><span style="font-family: times;"><i>Dividend Warrior</i></span></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-59317552676723121702021-07-01T22:05:00.007+08:002021-07-01T22:24:55.157+08:00Dividend Warrior's 1H 2021 Portfolio Update - Buy In May & Stay Stay Stay!<p> <a href="https://1.bp.blogspot.com/-wvJmFGlxlmU/YN22NPZJeXI/AAAAAAAANT0/58aJ6_A-reQ8N3twdujCgbXeUtSfllb-wCNcBGAsYHQ/s1062/Portfolio%2Bmarket%2Bvalue.png" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="491" data-original-width="1062" height="296" src="https://1.bp.blogspot.com/-wvJmFGlxlmU/YN22NPZJeXI/AAAAAAAANT0/58aJ6_A-reQ8N3twdujCgbXeUtSfllb-wCNcBGAsYHQ/w640-h296/Portfolio%2Bmarket%2Bvalue.png" width="640" /></a></p><p></p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-bBkvl6UTkXE/YN22wrrvTTI/AAAAAAAANT8/QDZkHUVFCU4bF2q8Sf1I0D-XRI3zBsE2wCNcBGAsYHQ/s1288/Dividend%2Brecord.png" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="677" data-original-width="1288" height="336" src="https://1.bp.blogspot.com/-bBkvl6UTkXE/YN22wrrvTTI/AAAAAAAANT8/QDZkHUVFCU4bF2q8Sf1I0D-XRI3zBsE2wCNcBGAsYHQ/w640-h336/Dividend%2Brecord.png" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="color: #2b00fe; font-family: arial;"><b><i>(Total cumulative dividends of S$191, 948)</i></b></span></td></tr></tbody></table><br /><br /><div style="text-align: center;"><b style="font-family: arial;"><span style="font-size: medium;">Top 12 Holdings (30 Jun 2021)</span></b></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-4ZHWgEa6raM/YN23OEKGl9I/AAAAAAAANUE/RML-LBTCD8sJmcZ82jrBkLtYGfnaeaQyQCNcBGAsYHQ/s1287/Top%2B10%2BHoldings.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="430" data-original-width="1287" height="214" src="https://1.bp.blogspot.com/-4ZHWgEa6raM/YN23OEKGl9I/AAAAAAAANUE/RML-LBTCD8sJmcZ82jrBkLtYGfnaeaQyQCNcBGAsYHQ/w640-h214/Top%2B10%2BHoldings.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-oXUUHbco-oI/YN23mBheebI/AAAAAAAANUM/lKl77_2N7AYKTOfn-_udx3kYNJxhPWoSgCNcBGAsYHQ/s657/XIRR.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="657" data-original-width="183" height="400" src="https://1.bp.blogspot.com/-oXUUHbco-oI/YN23mBheebI/AAAAAAAANUM/lKl77_2N7AYKTOfn-_udx3kYNJxhPWoSgCNcBGAsYHQ/w111-h400/XIRR.png" width="111" /></a></div><p><br /></p><p></p><div style="text-align: left;"><span style="font-family: arial; font-size: medium;"><b style="background-color: #fefdfa; color: #333333;">Portfolio Cost: </b><span style="background-color: #fefdfa; color: #333333;">S$520, 015<br /></span><b style="background-color: #fefdfa; color: #333333;">Portfolio Market Value: </b><span style="background-color: #fefdfa; color: #333333;">S$745, 963 <br /></span><b style="background-color: #fefdfa; color: #333333;">Portfolio Overall Unrealized Profit: </b><span style="background-color: #fefdfa; color: #333333;">+S$225, 948 (</span><i style="background-color: #fefdfa; color: #333333;">+43.5%</i><span style="background-color: #fefdfa; color: #333333;">)<br /></span><b style="background-color: #fefdfa; color: #333333;">Portfolio XIRR (FY2021):</b><span style="background-color: #fefdfa; color: #333333;"> +18.92%<br /></span><b style="background-color: #fefdfa; color: #333333;">Dividends Collected (1H 2021): </b><span style="background-color: #fefdfa; color: #333333;">S$14, 881<br /></span><b style="background-color: #fefdfa; color: #333333;">Current Warchest:</b><span style="background-color: #fefdfa; color: #333333;"> S$26, 300</span></span></div><i style="background-color: #fefdfa; color: #333333; font-family: arial; font-size: large;"><br /></i><i style="background-color: #fefdfa; color: #333333; font-family: arial; font-size: large;">(*All figures are accurate as of 30 Jun 2021)</i><p></p><p><i style="background-color: #fefdfa; color: #333333; font-family: arial; font-size: large;"><br /></i></p><p><span style="color: #333333; font-family: arial; font-size: medium;"><span style="background-color: #fefdfa;"><b>Portfolio Actions in 2Q 2021:</b></span></span></p><p></p><ul style="text-align: left;"><li><span style="color: #333333; font-family: arial; font-size: medium;"><span style="background-color: #fefdfa;">Partial divestment of PropNex. Took profit at $1.53</span></span></li><li><span style="color: #333333; font-family: arial; font-size: medium;"><span style="background-color: #fefdfa;">Accumulated more Alibaba on the Hang Seng exchange</span></span></li><li><span style="color: #333333; font-family: arial; font-size: medium;"><span style="background-color: #fefdfa;">Initiated positions in AMD and TSMC</span></span></li><li><span style="color: #333333; font-family: arial; font-size: medium;"><span style="background-color: #fefdfa;">Initiated position in CapitaLand China Trust</span></span></li><li><span style="color: #333333; font-family: arial; font-size: medium;"><span style="background-color: #fefdfa;">Applied for the Mapletree Industrial Trust preferential offering with excess</span></span></li></ul><div><span style="color: #333333; font-family: arial; font-size: medium;"><br /></span></div><div><span style="color: #333333; font-family: arial; font-size: medium;"><b>Unwavering Focus On Quality Big Tech</b></span></div><div><span style="color: #333333; font-family: arial; font-size: medium;">It was a hectic quarter for sure! There was a short period of inflation scare back in May when some investors panic sold their tech counters. Covid infection rates have been falling in the US and Europe. More countries are ramping up their nation-wide vaccination campaigns. The jobs recovery in the US has been gaining steam. US president Biden has proposed a massive $2 trillion infrastructure bill. As a result, investors fear the US Fed is considering to hike interest rates earlier in 2023, maybe even in the second half of 2022, in order to prevent hyperinflation. The tech and REIT sectors saw a short-lived sell off. Of course, I took advantage of this to BTFD. Buy in May and stay stay stay! ^^</span></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-hcLeZ65F6QE/YN2-it_9-zI/AAAAAAAANUc/KRwAZgehcegnfwc4eDeeEbteUNTFlkOQwCNcBGAsYHQ/s1442/Fed%2BFunds%2BRate.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="521" data-original-width="1442" height="232" src="https://1.bp.blogspot.com/-hcLeZ65F6QE/YN2-it_9-zI/AAAAAAAANUc/KRwAZgehcegnfwc4eDeeEbteUNTFlkOQwCNcBGAsYHQ/w640-h232/Fed%2BFunds%2BRate.png" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><span style="color: #333333; font-family: arial; font-size: medium;">Since the 1980s, the interest rates have never returned to its previous high after every recession. The rates just kept going lower. Sure, the US Fed might be planning to hike rates in 2023. If 2020 has taught me anything, is that the future has plenty of curveballs in store for us. Before the interest rates can return to the 2019 high of 2.5%, another crisis of some sort will emerge again. Then the US Fed will have no choice but to cut the rates back down to zero. Maybe the flames of the US-China trade war is rekindled? Maybe the covid virus mutates into something deadlier? Nobody knows.</span></div><div><span style="color: #333333; font-family: arial; font-size: medium;"><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-YprZp9RRcLY/YN3CpCoX7II/AAAAAAAANUk/wfvwgPpdVO88NuG8GGmUSeXDJE6wFozGQCNcBGAsYHQ/s433/Tech%2BPortfolio.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="321" data-original-width="433" height="296" src="https://1.bp.blogspot.com/-YprZp9RRcLY/YN3CpCoX7II/AAAAAAAANUk/wfvwgPpdVO88NuG8GGmUSeXDJE6wFozGQCNcBGAsYHQ/w400-h296/Tech%2BPortfolio.png" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/Uh9643c2P6k" width="320" youtube-src-id="Uh9643c2P6k"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/4aDuOG0GdzU" width="320" youtube-src-id="4aDuOG0GdzU"></iframe></div><br /></div><div><span style="font-size: medium;"><span style="color: #333333; font-family: arial;">Needless to say, I 'fast hand fast leg' grabbed the opportunity to load up on quality tech stocks. Have a plan and execute it. Alibaba at HK$210 is just too good a deal to pass up on! I have also entered fresh positions in AMD and TSMC. The Industrial Revolution 4.0 is already happening and the pandemic has accelerated the pace of tech adoption. I believe the chip/processor is a critical piece of this revolution. Almost everything important in our lives run on chips these days. Smartphone, laptop, PC, smart TV, refrigerator, coffee machine, smart watch, car, plane, data centre servers etc. </span></span></div><div><span style="font-size: medium;"><span style="color: #333333; font-family: arial;"><br /></span></span></div><div><span style="font-size: medium;"><span style="color: #333333; font-family: arial;">Next, we need the software to operate these chips. So, when it comes to my overall strategy of investing in tech, I focus on hardware, software and infrastructure. Companies like Apple, Microsoft, AMD, TSMC, Tesla are Alibaba are some of the best and largest in Cloud computing, operating systems, productivity software, chip design & production, artificial intelligence, e-commerce, fintech and gaming. </span><span style="background-color: white; color: #212529;"><span style="font-family: arial;">Microsoft Windows or Apple Mac OS? We cannot escape! Take your pick. </span></span><span style="background-color: white; color: #212529; font-family: arial;">All the laptops, PCs and tablets sold by brands such as Dell, HP, Lenovo, Asus, Acer and Razer come pre-installed with Windows. The MacBook, iMac and iPad come pre-installed with the Mac OS.</span></span></div><div><span style="color: #333333; font-family: arial; font-size: medium;"><br /></span></div><div><span style="color: #333333; font-family: arial; font-size: medium;"><br /></span></div><div><span style="color: #333333; font-family: arial; font-size: medium;"><b>Pivoting To 'New Economy' Assets</b></span></div><div><span style="color: #333333; font-family: arial; font-size: medium;">After hardware and software, another area to focus on would the infrastructure which enable tech to grow. We have the telcos, cable network companies and data centres. Data is known as the new 'oil'. I am glad Ascendas REIT and Mapletree Industrial Trust (MINT) continue to pivot towards data centres. Whenever they raise funds to acquire more new economy assets such as data centres and logistics warehouses, I would happily oblige. It is the same reason why I entered CLCT as its REIT manager has stated that they are looking to acquire more business parks, logistics facilities and data centre in China. </span></div><div><span style="color: #333333; font-family: arial; font-size: medium;"><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-Kdot3FPK7Zw/YN3J57f7F6I/AAAAAAAANU4/n_aU54kZOXYQy_Crib8MSOvmfa6hqJWlQCNcBGAsYHQ/s516/Mint%2Bacquisition%2BUS%2BDC.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="315" data-original-width="516" height="390" src="https://1.bp.blogspot.com/-Kdot3FPK7Zw/YN3J57f7F6I/AAAAAAAANU4/n_aU54kZOXYQy_Crib8MSOvmfa6hqJWlQCNcBGAsYHQ/w640-h390/Mint%2Bacquisition%2BUS%2BDC.jpg" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-ryPulj7t9vY/YN3Jgf9ggfI/AAAAAAAANUw/kz0kk3Wa1OMUmbavaW6Ddd-QUpe3YTC6gCNcBGAsYHQ/s1200/Mapletree-Industrial-Trust-Portfolio-Breakdown-Post-Acquisition.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="541" data-original-width="1200" height="288" src="https://1.bp.blogspot.com/-ryPulj7t9vY/YN3Jgf9ggfI/AAAAAAAANUw/kz0kk3Wa1OMUmbavaW6Ddd-QUpe3YTC6gCNcBGAsYHQ/w640-h288/Mapletree-Industrial-Trust-Portfolio-Breakdown-Post-Acquisition.jpg" width="640" /></a></div><br /></div><div><br /></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-Fyg-6oP65a0/YN3Kttdm-2I/AAAAAAAANVA/gui76OchKlEE43y5goOO8R3vDccX_nUegCNcBGAsYHQ/s900/CLCT.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="508" data-original-width="900" height="362" src="https://1.bp.blogspot.com/-Fyg-6oP65a0/YN3Kttdm-2I/AAAAAAAANVA/gui76OchKlEE43y5goOO8R3vDccX_nUegCNcBGAsYHQ/w640-h362/CLCT.png" width="640" /></a></div><br /></div><div><span style="color: #333333; font-family: arial; font-size: medium;">Some Singapore investors claimed that we must diversify into foreign stocks to get more growth from overseas markets. But actually one can collect rental income from US, Europe, Australia and China by simply investing in AREIT, MINT and CLCT.</span></div><div><span style="color: #333333; font-family: arial; font-size: medium;"><br /></span></div><div><span style="color: #333333; font-family: arial; font-size: medium;"><br /></span></div><div><span style="color: #333333; font-family: arial; font-size: medium;"><br /></span></div><div><span style="color: #333333; font-family: times; font-size: medium;"><i>Tech Is The Great Engine Of Change</i></span></div><div><span style="color: #333333; font-family: times; font-size: medium;"><i>Dividend Tech Warrior</i></span></div><p></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-60623874539240804722021-05-08T15:12:00.005+08:002021-06-24T14:52:53.315+08:00Dividend Warrior's 2Q2021 REITs Performance & Passive Income Update - A Record High!<p> </p><div style="text-align: center;"><a href="https://1.bp.blogspot.com/-I--zDE3EonU/YJY44XZgTvI/AAAAAAAAKPc/KYyOHIkUE8A6z21P2XtGSCd0rJ4Ar9PIgCNcBGAsYHQ/s910/DPU%2Bperformance.png"><img border="0" data-original-height="491" data-original-width="910" height="346" src="https://1.bp.blogspot.com/-I--zDE3EonU/YJY44XZgTvI/AAAAAAAAKPc/KYyOHIkUE8A6z21P2XtGSCd0rJ4Ar9PIgCNcBGAsYHQ/w640-h346/DPU%2Bperformance.png" width="640" /></a></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-cYjDeM__5oA/YJY5BOnTI9I/AAAAAAAAKPg/6G_xGSjXCvwwz5_jWK8_sYoH1K61L4VtgCNcBGAsYHQ/s907/NAV%2Bperformance.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="488" data-original-width="907" height="344" src="https://1.bp.blogspot.com/-cYjDeM__5oA/YJY5BOnTI9I/AAAAAAAAKPg/6G_xGSjXCvwwz5_jWK8_sYoH1K61L4VtgCNcBGAsYHQ/w640-h344/NAV%2Bperformance.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-s3uVJlNdvBQ/YNQrk1GlFUI/AAAAAAAAM0s/xa03DB4LQsQdHK6ZXPsSOggKLw9NXLCHQCNcBGAsYHQ/s752/2Q2021%2BCD.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="192" data-original-width="752" height="164" src="https://1.bp.blogspot.com/-s3uVJlNdvBQ/YNQrk1GlFUI/AAAAAAAAM0s/xa03DB4LQsQdHK6ZXPsSOggKLw9NXLCHQCNcBGAsYHQ/w640-h164/2Q2021%2BCD.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-NvP0ZGGPIiE/YNQrseTJsdI/AAAAAAAAM0w/vuHPOoOjugIpo9BAKM4PZlw-TMJqsxrmQCNcBGAsYHQ/s1288/Dividend%2Brecord.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="677" data-original-width="1288" height="336" src="https://1.bp.blogspot.com/-NvP0ZGGPIiE/YNQrseTJsdI/AAAAAAAAM0w/vuHPOoOjugIpo9BAKM4PZlw-TMJqsxrmQCNcBGAsYHQ/w640-h336/Dividend%2Brecord.png" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="text-align: center;"><span style="font-family: arial; font-size: large;"><b><i>Record-high quarterly passive income achieved! ^^</i></b></span></p><p><br /></p><p><span style="color: #2b00fe; font-family: arial;">Follow me on Twitter at <a href="https://twitter.com/DivyWarrior" target="_blank">https://twitter.com/DivyWarrior</a> </span></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-12090477361722415902021-04-12T16:45:00.007+08:002021-05-23T22:42:13.215+08:00Networth Update 1Q 2021 - $900k In Sight!<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-BYtiE9_QBic/YHQCt8k6SNI/AAAAAAAAJKI/m1kXZnz-PUgZsRueuD0T70oIz2OSEBqiwCNcBGAsYHQ/s910/Liquid%2Bassets.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="476" data-original-width="910" height="334" src="https://1.bp.blogspot.com/-BYtiE9_QBic/YHQCt8k6SNI/AAAAAAAAJKI/m1kXZnz-PUgZsRueuD0T70oIz2OSEBqiwCNcBGAsYHQ/w640-h334/Liquid%2Bassets.png" width="640" /></a></div><br /> <div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-JM9hqAGv_S4/YHQC8Y_IfOI/AAAAAAAAJKM/OsCHjqey5gkZS1r8anjVwjt6HqHTuCWPQCNcBGAsYHQ/s911/Asset%2BAllocation%2Bwith%2BCPF.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="476" data-original-width="911" height="334" src="https://1.bp.blogspot.com/-JM9hqAGv_S4/YHQC8Y_IfOI/AAAAAAAAJKM/OsCHjqey5gkZS1r8anjVwjt6HqHTuCWPQCNcBGAsYHQ/w640-h334/Asset%2BAllocation%2Bwith%2BCPF.png" width="640" /></a></div><br /><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-jq-NcwSVfmk/YHQDCqTWsoI/AAAAAAAAJKU/cwtTxxiZ7usUfU33jRNSDabNAyk7rlo9QCNcBGAsYHQ/s1350/Asset%2BAllocation%2BPyramid.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="629" data-original-width="1350" height="298" src="https://1.bp.blogspot.com/-jq-NcwSVfmk/YHQDCqTWsoI/AAAAAAAAJKU/cwtTxxiZ7usUfU33jRNSDabNAyk7rlo9QCNcBGAsYHQ/w640-h298/Asset%2BAllocation%2BPyramid.png" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-Nl4VzUxDHvM/YKB741-S-iI/AAAAAAAAKjQ/2Lpuc_oLQzcYngPuHDP1Cxyii-AWXs9JQCNcBGAsYHQ/s970/Cdp%2Bapril%2B2021%2Bsummary.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="715" data-original-width="970" height="472" src="https://1.bp.blogspot.com/-Nl4VzUxDHvM/YKB741-S-iI/AAAAAAAAKjQ/2Lpuc_oLQzcYngPuHDP1Cxyii-AWXs9JQCNcBGAsYHQ/w640-h472/Cdp%2Bapril%2B2021%2Bsummary.png" width="640" /></a></div><p><b><span style="font-family: arial; font-size: medium;">Preparing For An Inflationary Future</span></b></p><p><span style="font-family: arial; font-size: medium;">Bottom level is the foundation, the safety net, the absolute rock of my overall portfolio. Upon this rock, I shall build my castle. The banks and S-REITs would form the middle layer that provides passive income through dividends and cash distributions. The financial and property sectors usually correlate well with inflation. If we are expecting inflation to pick up in the coming years, we won't go too wrong to overweight in these 2 sectors. The HDB resale market in Singapore has been doing well since 3Q2020. Waiting for <a href="http://dividendsrichwarrior.blogspot.com/2019/06/dividend-warriors-2nd-pot-of-gold.html" target="_blank">my BTO flat</a> to be completed in 2Q 2023. Excited! I intend to fully pay for my flat with CPF OA savings.</span></p><p></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/_9LiTX0obHM" width="320" youtube-src-id="_9LiTX0obHM"></iframe></div><span style="font-family: arial; font-size: medium;"><br /></span><p></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/5DoUIgn81cc" width="320" youtube-src-id="5DoUIgn81cc"></iframe></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-LgXA5M2wfqE/YHQFugfLijI/AAAAAAAAJKg/HAUhOzQFxtohJh1x0kFG0yz8PbZgjVATwCNcBGAsYHQ/s1096/BTO%2Bconstruction%2Bprogress%2B%2528Mar%2B2021%2529.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="451" data-original-width="1096" height="264" src="https://1.bp.blogspot.com/-LgXA5M2wfqE/YHQFugfLijI/AAAAAAAAJKg/HAUhOzQFxtohJh1x0kFG0yz8PbZgjVATwCNcBGAsYHQ/w640-h264/BTO%2Bconstruction%2Bprogress%2B%2528Mar%2B2021%2529.png" width="640" /></a></div><p><br /></p><p><br /></p><p><span style="color: #2b00fe; font-family: arial;">Follow me on Twitter at <a href="https://twitter.com/DivyWarrior" target="_blank">https://twitter.com/DivyWarrior</a></span></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-60610829100811175662021-04-05T17:45:00.003+08:002021-07-01T20:32:05.335+08:00Dividend Warrior's 1Q 2021 Portfolio Update - S$700k Milestone Achieved!<p><a href="https://1.bp.blogspot.com/-DMcpvOkcoMI/YGqv-hcp7bI/AAAAAAAAJFQ/Q4wN8nXVqkk7GuaQkx7p4URftdUBQmyOQCNcBGAsYHQ/s1062/Market%2Bvalue.png" style="margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" data-original-height="491" data-original-width="1062" height="296" src="https://1.bp.blogspot.com/-DMcpvOkcoMI/YGqv-hcp7bI/AAAAAAAAJFQ/Q4wN8nXVqkk7GuaQkx7p4URftdUBQmyOQCNcBGAsYHQ/w640-h296/Market%2Bvalue.png" width="640" /></a><br /><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-f_xNavquq_Y/YGqwHnOVTtI/AAAAAAAAJFU/qS3RlYTr9gEcqsQ7tnSJQDz58KmLvh3IACNcBGAsYHQ/s1287/Dividend%2Brecord.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="677" data-original-width="1287" height="336" src="https://1.bp.blogspot.com/-f_xNavquq_Y/YGqwHnOVTtI/AAAAAAAAJFU/qS3RlYTr9gEcqsQ7tnSJQDz58KmLvh3IACNcBGAsYHQ/w640-h336/Dividend%2Brecord.png" width="640" /></a></div><div style="text-align: center;"><span style="color: #2b00fe; font-family: arial; font-size: x-small;"><b><i>(Total cumulative dividends of S$180, 518)</i></b></span></div><div><br /></div><div><br /></div><div style="text-align: center;"><span style="font-family: arial; font-size: medium;"><b>Top 12 Holdings (31 Mar 2021)</b></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-ohZt4-PwIZE/YGqwQ_oMAgI/AAAAAAAAJFc/XaNH5Mlc2vM_mj-J9p3sxZINmUdVQQjEQCNcBGAsYHQ/s1008/Top%2B10%2BHoldings.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="412" data-original-width="1008" height="262" src="https://1.bp.blogspot.com/-ohZt4-PwIZE/YGqwQ_oMAgI/AAAAAAAAJFc/XaNH5Mlc2vM_mj-J9p3sxZINmUdVQQjEQCNcBGAsYHQ/w640-h262/Top%2B10%2BHoldings.png" width="640" /></a></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-EqcqhYtq6Lg/YGqw1sCbpgI/AAAAAAAAJFw/uYp0Vd5dbKEWjFhCH7usPbqEzZyLRosvQCNcBGAsYHQ/s585/US%2Bstock%2Ballocation.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="585" data-original-width="405" height="400" src="https://1.bp.blogspot.com/-EqcqhYtq6Lg/YGqw1sCbpgI/AAAAAAAAJFw/uYp0Vd5dbKEWjFhCH7usPbqEzZyLRosvQCNcBGAsYHQ/w278-h400/US%2Bstock%2Ballocation.png" width="278" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-y0cqFDrzI5I/YGqwfksAKYI/AAAAAAAAJFk/08wi7NnpookFhwA04j3IlJ-eO6k5q8lzwCNcBGAsYHQ/s653/XIRR.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="653" data-original-width="186" height="400" src="https://1.bp.blogspot.com/-y0cqFDrzI5I/YGqwfksAKYI/AAAAAAAAJFk/08wi7NnpookFhwA04j3IlJ-eO6k5q8lzwCNcBGAsYHQ/w114-h400/XIRR.png" width="114" /></a></div><br /><p style="background-color: #fefdfa; color: #333333;"><span style="font-family: arial; font-size: medium;"><b>Portfolio Cost: </b>S$510, 412<br /><b>Portfolio Market Value: </b>S$710, 451 <br /><b>Portfolio Overall Unrealized Profit: </b>+S$200, 039 (<i>+39.2%</i>)<br /><b>Portfolio XIRR (FY2021):</b> +14.93%<br /><b>Dividends Collected (1Q 2021): </b>S$3, 451<br /><b>Current Warchest:</b> S$26, 300<br /><i><br /></i><i>(*All figures are accurate as of 31 Mar 2021)</i></span></p><p style="background-color: #fefdfa; color: #333333;"><span style="font-family: arial; font-size: medium;"><br /></span></p><p style="background-color: #fefdfa; color: #333333;"><b><span style="font-family: arial; font-size: medium;">Portfolio Actions in 1Q2021:</span></b></p><p style="background-color: #fefdfa; color: #333333;"></p><ul style="background-color: #fefdfa; color: #333333; line-height: 1.4; list-style-image: initial; list-style-position: initial; margin: 0.5em 0px; padding: 0px 2.5em;"><li style="border: none; margin: 0px 0px 0.25em; padding: 0.25em 0px;"><span style="font-family: arial; font-size: medium;">Initiated positions in Alibaba and Hang Sang Tech ETF</span></li></ul><ul style="background-color: #fefdfa; color: #333333; line-height: 1.4; list-style-image: initial; list-style-position: initial; margin: 0.5em 0px; padding: 0px 2.5em;"><li style="border: none; margin: 0px 0px 0.25em; padding: 0.25em 0px;"><span style="font-family: arial; font-size: medium;">Accumulated more Apple shares</span></li></ul><p><br /></p><p><span style="font-family: arial; font-size: medium;"><b>2021 Strategy - Discount Shopping For Quality Tech</b></span></p><p><span style="font-family: arial; font-size: medium;">The yield of 10-year US treasury bills kept rising in the first quarter. When long-term rates trend up, investors start to discount future earnings potential of companies more heavily. Those high-flying tech companies with stretched valuations had come under selling pressure after outperforming the market in 2020. Another market force in play was the sector-rotation out of tech and into 'post-pandemic reopening' sectors such as hotels, airlines, cruise, transport, oil and F&B. Global covid-19 cases and deaths have been declining as countries raced to vaccinate their people. The tech sector correction gave me a rare opportunity to scoop up some Apple shares.</span></p><p><span style="font-family: arial; font-size: medium;">Over in China, big tech companies like Alibaba and Tencent have been hit with anti-monopoly investigations by the Chinese regulators. This sent the Chinese tech market into a tailspin. The share price of Alibaba has fallen more than 25% ever since the Ant Group IPO was scrapped. Investors were wary of more stringent regulatory measures from the Chinese government. Again, I took advantage of the correction to initiate positions in Alibaba and the Hang Sang Tech ETF.</span></p><p><span style="font-family: arial; font-size: medium;">The Biden administration wasted little time in 'jump-starting' the US economy by passing a $1.9t covid-19 relief package and proposing a $4t infrastructure spending plan. The US unemployment rate also dropped significantly by March. All these factors have increased the prospects of the US Federal Reserve hiking rates earlier than expected. By now, all of us should know that a rate hike cycle would probably cause weakness in the REITs sector. We had that experience in 2018-2019. But the veterans would know better than to panic. We have diamond hands and HODL for the Power of CD! </span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-oXKJVql856Q/YGq9l3ih1mI/AAAAAAAAJF4/atOuKHOKw5c7VIKHP2pE86G704dI09xFACNcBGAsYHQ/s600/lineup.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="480" height="640" src="https://1.bp.blogspot.com/-oXKJVql856Q/YGq9l3ih1mI/AAAAAAAAJF4/atOuKHOKw5c7VIKHP2pE86G704dI09xFACNcBGAsYHQ/w512-h640/lineup.png" width="512" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-xNRHMfZ4dCI/YGq9uBAWNGI/AAAAAAAAJF8/oXd87mft_5sNDZwpDure6sNgpl2ATAylgCNcBGAsYHQ/s600/Diamond%2BHands.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="600" height="320" src="https://1.bp.blogspot.com/-xNRHMfZ4dCI/YGq9uBAWNGI/AAAAAAAAJF8/oXd87mft_5sNDZwpDure6sNgpl2ATAylgCNcBGAsYHQ/s320/Diamond%2BHands.jpg" /></a></div><span style="font-family: arial;"><br /></span><p></p><p><span style="font-family: arial; font-size: medium;">My overall strategy for 2021 would be to compound the dividends I received from banks and REITs into tech stocks. It is widely expected that the dividend payout restrictions on DBS, OCBC and UOB would be lifted in 2H2021. In DBS' recent AGM, the management has expressed confidence in restoring dividend payout quite 'rapidly' once MAS gives the go-ahead. Certain REITs that retained distributions last year in order to provide rental relief to tenants should also start to return cash to unitholders in 2021. Footfall and tenant sales revenue at malls have been recovering steadily since Phase 3 re-opening in Singapore. And starting from 5 April, work-from-home would no longer be the default mode. Suntec City used to resemble a ghost town a couple of months back. Now, the office lunch crowd is well and truly back on weekdays! </span></p><div class="separator" style="clear: both; text-align: center;"><iframe allowfullscreen="" class="BLOG_video_class" height="266" src="https://www.youtube.com/embed/4O2xoZqh9N0" width="320" youtube-src-id="4O2xoZqh9N0"></iframe></div><p><br /></p><p><span style="font-family: arial; font-size: medium;"><b>No Need To Choose Sides</b></span></p><p><span style="font-family: arial; font-size: medium;">Society has become more divisive. Politics has become more divisive. US-China tensions look set to continue for a long time. Everything seems to be binary. You are either with me or against me. Making forced choices. Well, there is no need to 'take sides' when it comes to investing. As an investor, my sole objective is to invest in companies that make money and grow. Plain and simple. I don't care if it is an American, Chinese, European or Japanese company. Some investors went too deep into the internet rabbit hole. Getting confused and distracted by the media noise. My fellow dividend investing friend, DK, <a href="http://dividendknight.blogspot.com/2021/04/confirmation-bias-is-scarily-common.html" target="_blank">summed it up pretty well in his latest post.</a> The last time I checked, almost all consumer tech devices still run on Android, iOS and Windows. Never count the Americans out. Doesn't matter if the cat is black or white, as long as it catches rats, it is a good cat.</span></p><p><span style="font-family: arial;"><br /></span></p><p><i>Keep An Open Mind So That New Wisdom Can Get In</i></p><p><i>Dividend Warrior</i></p><p><i><br /></i></p><p><span style="color: #2b00fe; font-family: arial;">Follow me on Twitter at <a href="https://twitter.com/DivyWarrior" target="_blank">https://twitter.com/DivyWarrior</a></span></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0tag:blogger.com,1999:blog-9011577338115764180.post-40079052649993826292021-02-13T14:56:00.002+08:002021-02-16T12:41:55.758+08:00Dividend Warrior's 1Q2021 REITs Performance & Passive Income Update - Diamond Hands On The Right Stocks!<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-rtDUGzz_t4c/YCd3qfHA8ZI/AAAAAAAAIPg/TMlBrzx5wJA76VGIccne5BYnvp2hbDbUACNcBGAsYHQ/s600/Diamond%2BHands.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="600" data-original-width="600" height="400" src="https://1.bp.blogspot.com/-rtDUGzz_t4c/YCd3qfHA8ZI/AAAAAAAAIPg/TMlBrzx5wJA76VGIccne5BYnvp2hbDbUACNcBGAsYHQ/w400-h400/Diamond%2BHands.jpg" width="400" /></a></div><p></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-dUuPuDsDdr0/YCd2v5ZMLPI/AAAAAAAAIPI/vM-12C7kbakwRI2GX6pWp6n6jG_9HZeAwCNcBGAsYHQ/s762/DPU%2Bperformance.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="421" data-original-width="762" height="354" src="https://1.bp.blogspot.com/-dUuPuDsDdr0/YCd2v5ZMLPI/AAAAAAAAIPI/vM-12C7kbakwRI2GX6pWp6n6jG_9HZeAwCNcBGAsYHQ/w640-h354/DPU%2Bperformance.png" width="640" /></a></div><br /><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-0M2baoTFwTI/YCd23Xz4PAI/AAAAAAAAIPM/zt4qth-Ovkcg4wDEteGwqHs5_ERIDvfcACNcBGAsYHQ/s762/NAV%2Bperformance.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="420" data-original-width="762" height="352" src="https://1.bp.blogspot.com/-0M2baoTFwTI/YCd23Xz4PAI/AAAAAAAAIPM/zt4qth-Ovkcg4wDEteGwqHs5_ERIDvfcACNcBGAsYHQ/w640-h352/NAV%2Bperformance.png" width="640" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-GpjeVwq_Rr8/YCd28oVBujI/AAAAAAAAIPQ/kYScqigffgY0vtfXLoeJTfpyl_UZdeaJACNcBGAsYHQ/s761/1Q2021%2BCD.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="132" data-original-width="761" height="112" src="https://1.bp.blogspot.com/-GpjeVwq_Rr8/YCd28oVBujI/AAAAAAAAIPQ/kYScqigffgY0vtfXLoeJTfpyl_UZdeaJACNcBGAsYHQ/w640-h112/1Q2021%2BCD.png" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-T_n2pzOw23I/YCd6SzaJdRI/AAAAAAAAIPs/k-Iy1g9SkSMsH2_vDAD4Ly2vHYGTBfzpQCNcBGAsYHQ/s780/CDP%2BJan%2B2021.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="577" data-original-width="780" height="296" src="https://1.bp.blogspot.com/-T_n2pzOw23I/YCd6SzaJdRI/AAAAAAAAIPs/k-Iy1g9SkSMsH2_vDAD4Ly2vHYGTBfzpQCNcBGAsYHQ/w400-h296/CDP%2BJan%2B2021.png" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-9mvdgjXhi_8/YCtNArbaK4I/AAAAAAAAISQ/7JTBREydU7YBlHqXDEpFbfaLjw-FHQghQCNcBGAsYHQ/s887/US%2Btech%2Bpositions.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="307" data-original-width="887" height="222" src="https://1.bp.blogspot.com/-9mvdgjXhi_8/YCtNArbaK4I/AAAAAAAAISQ/7JTBREydU7YBlHqXDEpFbfaLjw-FHQghQCNcBGAsYHQ/w640-h222/US%2Btech%2Bpositions.png" width="640" /></a></div><br /><p><br /></p>Dividend Tech Warriorhttp://www.blogger.com/profile/10905667545384063302noreply@blogger.com0