Friday, November 1, 2019

Oct 2019- Monthly Dividend,Interest and Finance Update

In Oct , another of my bond ( Sabra Health Care) was called early due to FED lowering interest. As Corporation can get a lower interest for issuing a new bond, they will redeem the old one with higher interest. I am expecting this to be the new norm and this has forced me to take more risk to invest in dividend stock or reit. 

I sold off AVVIY after gaining 25% but the gain was offset by another SGX stock (LKH) which I sold with a loss. It was one of the dead wood stock I own for while languishing in price and yield in my portfolio.
With the extra capital I have from my bond called, I managed to find another bond that was badly mispriced. It was one of the bond related to a telecom carrier (EMBARQ) which was bought by Centurylink. I expect  Centurylink to be one of the US carrier with a stronger balance sheet so the bond of the company it bought should have bond yield to be more on par with the rest of bonds issued by CTL.

I also bought another 25k Eagle Hreit and it turned out to be a bad decision as its share price has crashed 25% due to substantial share holders selling indiscriminately. As it is a small position, I will hold out and see what happened as I don't believe there is any fraud with the company .  Earlier this year Eagle reit has obtained a 340m USD bank loan at Libor+170bps.  This is like good BBB level borrowing rate for investment grade company.   Bank lending is usually very stringent and they got to do real balance sheet check. I believe Eagle reit hotel income are real and will generate enough revenue and cash flow to pay the dividend which is north of 10%.

This month, I also hit another record high with my liquid networth due to the record stock market.

Dividends received in Oct2019 from Foreign Investment: USD $2026.19
Interest received in
Oct2019 from Foreign Investment (bond): USD $1655
Interest received in
Oct2019 from banks interest/FD/others in US: USD $396
Realized gain/loss : USD $2374

Dividends received in
Oct2019 from SGX:SGD$0
Interest received in
Oct2019 from banks interest/FD/others in Spore: SGD $200
Realized gain/loss : -3517

Total dividend and interest from my investment portfolio + bank/money market account + trading gain/loss generated SGD 5393.

YTD Passive income earned from investment only: SGD $53225

Dividend/Interest received from investment portfolio:


Investment portfolio distribution:


Monthly Dividend/Interest earned Y-to-Y changes from 2017 to 2019 :