The market (STI) has climbed back above 2900 points putting back $100k into my stock holdings. Still $100k into the red, but it's ok as I am after dividends. From Jan to Mar this year, total dividends collected is $7.5k.
Have you guys managed to pick up any good stocks when the STI was beaten down? As posted below, my two small buys of DBS and
OCBC turned out to be good picks. DBS is now at $16 and
OCBC at $9+. I accumulate these blue chips for dividends at opportune time, except that this time because of the topping up of ERS (with cash) I could only by 500 shares of each.
The other stocks I "bought" during that time were Ascendas Reits, Raffles Medical and Keppel Reits - all through their dividen reinvestment plan. Meaning, instead of collecting cash dividend payout, I opted to receive more shares.
Quote:
Originally Posted by Unregistered
The STI has rebounded stoutly the last 2 days and possibly will climb some more today taking the lead from DJIA. Does this point to the end of the bear market?
More importantly, have you guys pick up any gems during the recent sell down?
Because of my topping up my CPF RA to the full ERS with cash, I have only enough cash to grab 500 DBS shares (at $13.20), and 500 OCBC shares (at $7.56).
Nevertheless I was relieved that the rebound has "put back" $43k into my stock value in just 2 days. Overall the value of my holding is still down by $200k plus. Dividend wise, it seems to be holding up with some stock cutting dividends like sembmarine and kepcorp but others have increased theirs like SGX, Singpost and some of my REITs. As at Feb, I have collected $6k in dividends. |