My Portfolio & Dividend Updates (End May 2020)
Monthly update on my Portfolio percentage breakdown and dividends received (if any).
My portfolio listed here consists purely of equities only, and excludes social security (CPF & SRS), debt instrument holdings (i.e. bonds & SSBs etc), emergency funds, as well as personal savings.
As such, any returns from the excluded items above (e.g. dividends from CPFIS, bond coupons and interests from CPF/savings accounts etc) will be excluded in the total amount in the 'Dividend Updates' section below as well.
Portfolio Breakdown by Securities
For the month of May, I added more shares of DBS Group Holdings Ltd (D05) and SPDR Straits Times Index ETF (ES3) into my portfolio.
I will likely continue to buy more STI index and/or local blue chips stocks in the month of June since the local market is still decently undervalued in my opinion. Take note however that this is not a buy call. Every individual's risk appetite and considerations at hand are different so always do your own due diligence. In my case, I am actually prepared to stay in the market for over 5 years. I am also going in with the expectations that dividend payouts are likely going to be on the low side for a while in light of the Covid-19 situation, as companies cut dividends to play it safe and hold more cash and capital on their end.
In the meantime, my US indexes appear to be recovering in recent weeks, though it remains to be seen if it is just a temporary recovery. The US economy still has many serious underlying issues to deal with in the next few months, or even till the end of the year. Unemployment rate alone in the US already hit an all time high of 14.7% in April 2020 and economists are predicting it to exceed 20% in May 2020. This is likely to have a large adverse impact on the US economy in the coming months, but whether this will be reflected in the stock market or not is hard to say, since the stock market sometimes does not reflect the true state of an economy well.
However, I am not optimistic about a similar massive dip in the US stock market happening again anytime soon. Given this and that most of the US counters have already recovered to near pre-crisis levels, I am likely to redirect my remaining working capital to local stocks, which are still quite undervalued in my opinion. Note again that this is not a buy or sell call, and it's purely my personal opinion. Please do your own due diligence before executing any trades.
Received some dividend payout for the month of May, and with this, the total amount of dividends received since the start of 2020 stands at S$1,208.31, giving me an average dividend amount of S$241.66 monthly from January till May 2020.
Note: Dividends are recognised after ex-dividend (EX) date.
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Disclaimer: All information contained herein this blog is solely the writer's personal opinion, and does not constitute an offer, recommendation or solicitation of an offer of any kind. Readers are also advised to do their own due diligence, and to consult a financial adviser for any financial advice.