The Unnecessary Job

It is time again to take stock of FI progress. Portfolio Q3 2019 September 2019 Shares held Last traded Value AIMSAMP Cap Reit 257400 1.45 $373,230.00 Cache Log Trust 13600 0.735 $9,996.00 CapitaR China Trust 43100 1.53 $65,943.00 DBS 2000 24.87 $49,740.00 Ezion 19500 0.044 $858.00 First Reit 50000 1.04 $52,000.00 FCOT 234000 1.61 $376,740.00 Eagle HTrust 42000 0.655 (US$) $37,688.70 Keppel Corp 5000 6.02 $30,100.00 OCBC 5000 10.84 $54,200.00 $0.00 SingTel 48000 3.13 $150,240.00 StarhillGbl Reit 90000 0.75 $67,500.00 redacted 7611 8.76 $64,005.47 Warchest $117,000.00 Total Porfolio Size $1,449,241.17 Q3 was characterized by general weakness across the market, with blue chips stocks DBS, OCBC, Singtel and Keppel all falling below their July peaks.  REITs experienced some downward pressures but have largely remained resilient, possibly due to expectations of interest rate cuts. Warchest got a healthy boost from dividends and salary bonus pay out. Will be ...

I love Septembers. It is my birthday month. My bonuses get paid this month. It marks the end of Q3 of the calender year. Yet another stretch completed in the arduous journey toward FI.  I shall be tabulating the Q3 dividend earnings and overall portfolio in a separate post at the end of September. It is also the month where a fair number of companies pay out yummy dividends, including First REIT and AIMSAPAC REIT. Together with my bonuses, the war chest gets a pretty healthy boost.  What's not to like? As icing on the cake, I also sold all my  HKLand shares  at 5.98 on 4 Sep, booking a small gain of 1.7k.  This was never meant to be a long term trade anyway.  Currently on the look out for more deals in the market.  Recent news concerning the strike on Saudi's oil facilities brought about a brief spike in oil prices. Keppel recovered briefly above the 6.2 mark but the momemtum was regrettably not sustained. I believe Keppel continues to...

Recently went on another shopping spree with the capital recycled from the Ascendas Htrust sale. I kept saying pace yourself, pace yourself dude, don't spend it all in one place. But when the market is offering a ton of discounts, it is hard to say no. I have decided the year 2020 should be that year when i finally breach the 6-digit passive income benchmark.   Sometimes I picture myself hopping into a time machine and going back to say hello to the 25-year-old me in 2007. Fresh out of Uni, with a massive $800 to my name sitting in a POSB Savings Account, and about to embark on a 12-year long journey in a hellish, soul-crushing, and perspective-altering career. What would I say to him? Would he believe me if I told him, thanks to me, he would be able to sit on his ass and do absolutely fuck all, and still make 100k a year in 2020? The 25-year-old me would probably see it as a ticket out of employment. Poor sod, I might have to break the sorrowful news that even District...