A Path to Forever Financial Freedom

Author:   |   Latest post: Sun, 14 Oct 2018, 08:57 PM


Dividend Income Updates - Q2 FY2018

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I am writing this dividend update in an attempt to compile my quarterly dividend performance for the year.

The theme of this post will be based on my understanding of the advantage of dividend investing and that is to compound dividends for as early as we can, for as long as we live.

I am sure by now many of you have heard the common saying of "Sell in May and Go Away" phenomenon that has been going around, lurking and prompting investors to sell their portfolio holdings and seek a hideout until the bear comes out. There are some truth in this, as hindsight statistics have proven over the years that resembles many other hidden truths but do note that they are not bound for absolute certainty given how some years they've turned out otherwise.

If we take a step back and think what it really means, we will soon realize that they are unreal. They are noises to stir around the emotion of an individual, to test and see if they are investors who have a developed mind of their own or simply buying and selling based on what they heard on the street. I've been tempted myself not once, not twice but a couple of times, many times in fact over my investing journey and with the ubiquitous of the media stream, I believe the same goes for many.

CountersAmount (S$)Ex-DatePayable Date
Vicom6,178.00 30-Apr10-May
M14,650.00 18-Apr27-Apr
Fraser Logistics Trust3,971.00 16-May26-Jun
Ho Bee Land3,000.00 15-May31-May
Far East Hospitality Trust1,175.00 3-May12-Jun
Starhill Reit1,090.00 3-May30-May
Tuan Sing240.00 2-May26-Jun
OCBC6.46 18-May4-Jun
FCOT1.23 26-Apr30-May
Total 20,311.69

After tabulating my dividend for all my companies, the 2nd quarter dividend amount came up to $20,311.69. Since I did not receive anything in the first quarter, it makes sense that I am getting more in this quarter.

I am scheduled to target $40,000 by the end of this year, so I am keeping my hopes pretty high up. Let's see where it takes me.

Together with the past dividends, I have now accumulated about $101,403 worth of dividends and I trust that this will keep on accumulating further in the next few years to come.

I am treating this dividend income as part of my cashflow which would be reinvested into the market that will give me a higher dividend income in the future which would fund my early retirement, if that is ever going to happen.

If you think that this strategy might work out for you, I'd suggest you give it a try for at least one year and see what happens. For most, I think it's a pretty addictive exercise to churn out year after year. 

How are you doing in terms of dividend in the 2nd Quarter?

Thanks for reading.

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