As part of my grand plan to retire at 40 (at least i hope to!) by building up my passive income, I've been recently looking at buying more dividend stocks and there are two links which I came across which I think provide very useful information on dividend stocks in Singapore:
When I read that from Dividend Warrior's blog that he has dividend income coming in almost every month of the year and his average dividend income every month is like ard $1k, im like wow!! I also want that too!
It seems that telco stocks pay regular dividends and REITs are also popular dividend stocks to consider (though interest rates go up these stocks may be risky).
This shall be the goal I will work towards and hopefully in a few years time, I can also proudly say that I have dividend income coming in every month and the amount i get from my passive income (including rental income) can be enough for my living expenses and family commitments (so I have the option of working or not!).
To be realistic, I shall set myself a target goal of getting an average of $1000 annual from dividends for the next year.
These are the stocks I currently have in my stock portfolio purchased over the past few years after I started working:
1. Genting SP
2. SGX
3. Ezion Holdings
4. OUE H trust
5. Cityspring
2. SGX
3. Ezion Holdings
4. OUE H trust
5. Cityspring
Total current value: $30k plus
Total dividend received in 2013: $413
I also have some unit trusts (franklin templeton asian fund and shenton thrift fund) which I bought using my cpf account from the time I was working at DBS but since I cant touch my cpf account I shall disregard them lol.
Havent received much dividends from Genting, its not been doing very well in my opinion. But i guess its still ok since i bought it ard 80 cents and again at $1, there is still overall appreciation of the stock. Luckily we sold a few lots at $2 near its peak when we bought the flat so we earned abit from that time too.
On the other hand, SGX pays our regular dividends every quarter and i think it was a good investment (I bought it at less than $6 sometime after the market crashed following the lehman bros collapse). Ezion is also a good buy so far as the price has gone up quite abit since I bought it at $1.785 some time ago. I also received extra 500 shares recently!
I bought Cityspring (my latest buy) because it also gives regular dividends every 3 months or so but its price doesn't move much so not much excitement there. For OUE h trust, no news of any dividends yet and price also nvr change much so have to wait and see..
What im currently eyeing for my next buy to build up my dividend stock portfolio:
1. Telco stock - either M1 or starhub
2. AIMS AMP Capital
3. Frasers Centrepoint
2. AIMS AMP Capital
3. Frasers Centrepoint
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