Nov 25, 2016

Cory Diary : When higher Dividend has a Price ( $200,000 Dividends milestone within grasp )

Just when I thought 2016 will be the year my Dividend will finally dipped since embarking on dividend strategy, year-to-date I have hit another all time high of $34,117. And i will expect to hit $36,000 easily by year end. So what happened ?


Thanks, but not thanks, due to "anticipated" Neretal special dividend of 15 cents but with more than 20 cents dent to the Share price after ... a heavy price to pay for indeed if you are someone who has been tracking this counter. Is definitely not a Saizen. And I am not pleased.

If anyone think that dividend strategy does not work locally, think again. Cumulative dividends will hit more than $200,000 by end of next year. And my annual holding value averages probably $400000. (Guess)

Will I be able to maintain this new level of dividend next year ? Probably considering my portfolio is still not optimise. Still some work to do. Another is the high cash level which I have been deliberating on to use. Quite an amount in foreign currency which has hedge S$ currency weakness.

Good news for this two weeks will be my income currency has appreciated 8% relative to Singapore dollars. The bad news is that the rate is dynamic and many of my assets are Singapore dollar denominated including loans.But then interests rate is moving up. And my portfolio is muted towards the Trump Rally to my dismay. One good thing out of it is that our labour cost reduced by 8%. And property in relative terms has become cheaper by 8% too. This is really good for Singapore reeling from high cost of labours and property prices.

Talking about interests rate. Reits got skinned recently and I dipped for some. So glad to be back in the 6%-10% yield range. In the Telco front is a slaughter.I have avoided Starhub and M1 specifically for the past year. Singtel I feel is ok because whatever go down likely will come back up. It is more sentiment for a diversified and strong counter. Will there be special dividend after coming one ? oh no ...hope not another Neratel. There has been huge outflow of money from developing world back to America pushing the DJIA to another high. I would be prepared for the tide returning.

What's more ?

Busy weeks on travel. America is still a land of plenty, and waste. Consumer market rule.
Salary and Bonus assessment period. :)

Cory
20161125


11 comments:

  1. The next 10 years is even going to be more massive. Congrats Cory, your hard work paid off.

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    1. Thanks B. We are in same frequency on better yields !!! Enjoy.

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  2. New management for NeraTel. Yes, I am also definitely not pleased with the plunge in share price. Have to watch how the new CEO is able to turn the company around or vice versa.

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    1. Why don't they just privatise it ! hehehehe (Sweet Dream )

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  3. Hi Cory!
    Gambatte! Slowly n Steady!
    Cheers 👍👍✌✌

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    1. Not easy lor. Is all about Patience.

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  4. This comment has been removed by a blog administrator.

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  5. That's a good annual div.what do u mean by value averages

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    1. Hi Kyith, i started about 10K investment amount in my early years and my portfolio has grown over the years. Trying to come up a portfolio figure that could have generate 200K dividends over the period.

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  6. Inspiring blog. In a decade, your portfolio and dividends have increased many folds. Hope i could achieve the same result in 10 years.

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    1. thanks friend. I have been rather conservative. You should be able to achieve too.

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