At the end of March, my portfolio market value hit a new high of S$472,287 with no new transactions done, inching ever closer to that S$500k milestone! I collected a total of $4,320 in dividends and distributions in the first quarter. Power of CD! ^^
Banks and blue-chip S-REITs have been rising steadily through March. Uncertainties from a slowdown in global economic growth, inverted yield curve, potential hard Brexit, and ongoing trade talks between the US and China did not dampen the spirits of the market. I guess the pause in Fed rate hike helped alot in supporting the current 'rising tide'. In my opinion, the interest rate is unlikely to return to its previous high of around 5% during 2006-2007. Firstly, the inflation rate in US and many other developed nations remain historically low. Secondly, the US economy is showing no signs of overheating.
The More You Learn, The More You Earn
Dividend Warrior
In the initial years of this blog, I have shown the average entry prices of my positions as I posted monthly updates of my dividend portfolio. Then I stopped sharing those prices as I don't think it helps readers to form sound investment decisions. Since then, people have been bugging me to share the prices again. I told them that some of my entry prices are so low they would not believe them anyway. Well, I decided to get this out of the way once and for all. This is a one-time-only reveal. Do not expect this to be a regular thing.
So, lap it up! ^^
Did a little re-balancing in February. Took small profits on Raffles Medical, NetLink Trust and Propnex. The funds were re-invested in Frasers Property Ltd. (FPL). This property developer is like a quasi REIT ETF, holding significant stakes in 4 S-REITs (FCT, FLT, FCOT & FHT), thus enjoys a strong level of recurring income. Furthermore, FPL has a healthy pipeline of potential quality assets to inject into these S-REITs. Lastly, there is no need to fear future cooling measures from the authorities since FPL has low exposure to Singapore's residential property market.
A good friend of mine has warned me repeatedly since 2017 that my portfolio is over-exposed to REITs. He is right. I am an open-minded investor who takes constructive criticisms seriously. Moving forward, I am looking to add one or two non-REIT positions. BIG positions. Time to clear the dust off my photon cannon. $50k available for deployment. This round of investment should push my portfolio value over half a million $SGD.
Never Standstill
Dividend Warrior
