National Day is here and it means it's another month of dividends for investors.
This has become one of my favorite section as I continue to build my warchest while at the same time able to reap the fruits from the existing portfolio. Dividends are basically rewards to investors without having active work that you have to do like in the office. The best part is it gets really automatic now and it keeps on piling up till the day you retire or leave the earth, whichever is later.
Dividend investing continues to play a big part in my plans to retire from the corporate world early as time becomes more precious as each day past. I have colleagues who are still working at the age of 60+ and it is easy to see how frail they are at the mercy of the employers. When retrenchment comes, they are usually the first to go, leaving much uncertainty to how they will cope with their daily lives. I certainly wouldn't want that type of uncertainty when I get old and the earlier I settle this issue the better it is for myself and family.
Receiving $6,132 in dividend income in May earlier this year was a fantastic feeling, August is another fantastic month with dividend income coming in at $3,239. Even if the amount is unable to cover the full expenses for the month, it still prove to be useful. I certainly think dividend investing will continue to be my strategy for this year and the next as my portfolio looks to grow bigger.
| Counters | Dividends (S$) |
|---|---|
| FraserCenterpoint Trust | 188.00 |
| Sembcorp Ind | 250.00 |
| Ascott | 591.00 |
| FraserCommercial Trust | 240.00 |
| Neratel | 400.00 |
| First Reit | 200.00 |
| ST Engineering | 90.00 |
| China Merchant Pacific | 665.00 |
| Stamford Land | 90.00 |
| Vicom | 525.00 |
| 3239.00 |
With SGX loosening from 1000 to 100 per lots from 2015, I hope this strategy could be useful to those who are starting out. As always, it is a nice cycle to be in, whenever national day comes, your dividend comes in as well ;)
