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Dividend Magic

Saving and Investing towards Financial Independence in Malaysia

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Tudor Black Bay GMT – My Investment in a Luxury Watch

By Leigh
Updated September 23, 2021 Filed Under: Investment, Other Investments, Travel, food and the finer things in life 4

Brand: Tudor
Model: Black Bay GMT
Reference Number: 79830RB
Material: Stainless steel
Crystal: Scratch-resistant sapphire
Movement: Cal. MT5652
Case Diameter: 41mm

This will be more of an unconventional and personal article detailing my recent purchase and investment in a luxury watch.

Why a Luxury Watch?

I’ve always loved watches and had throughout the years taken to wearing my dad’s watches. As most of you know, I’m not a big spender but I think watches are my kryptonite. But, I do have the following justifications.

A Goal

Getting myself a quality watch has always been a goal of mine. I promised myself a long time ago that when I have the financial means to own one, I would get one.

Some go for cars, some yatches, mine was a watch.

Lasts a Lifetime

I wanted something that was of high quality and can last me my entire life.

At the same time, it appreciates in value over time. In fact, I’ve come to see quality timepieces as perhaps the best heirloom to pass on to the next generation.

Investment

I love the feel of a good solid watch on my wrist and in the case of a luxury watch, they retain their value over time. The latter appeals very much to the investor in me.

Instead of having my cash in stocks or placed in FDs, I wanted one on my wrist. In fact, my Tudor GMT, after wearing it for about 6 months, has appreciated by about 20% in value.

How I Purchased a Tudor

With the above reasons, it was about time I got myself one.

Tudor Black Bay GMT

To be totally honest, I looked at a Rolex initially but it was just too expensive for me. I couldn’t justify having RM50,000 on my wrist that I know that I wouldn’t wear often. So until my net worth goes up by about 5X, a Rolex would not suit me.

A Tudor isn’t a Rolex but as some of you may know, Tudor is the sister company of Rolex. You get the quality of Rolex at a more than 50% discount.

They’re a brand that I can get behind and they do increase in value over time. Also, with their lower price tag compared to a Rolex, I can comfortably wear a Tudor every day.

With Tudor in mind, I spent days diving through watch forums and reading articles on the company and I was torn between the Black Bay GMT and BB58. I finally settled on the GMT because I love the Pepsi bezel and the GMT feature is useful for me when I travel.

Tudor was actually introduced to me by a new friend I met through one of my readers. Sean, from ssong watches.
Ssong is a great place to look for and to learn about luxury watches. Sean answered ALL of my many many queries as I was doing my research on watches. He’s a veteran in the industry and has years of experience with luxury watches. I was fortunate to have been acquainted with him before making my first purchase.

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A post shared by Sean Song (@s.song.watches)

Ssong did not have Tudors at the time I was looking to buy so I told Sean to reserve one for me if and when a unit becomes available. I then went ahead and booked one from Mid Valley’s Tudor boutique store as well, as per the advice from Sean himself.

As a side note, I actually had a very bad experience when I went to The Hour Glass at the Gardens. Didn’t get good service there. On the other hand, I had a wonderful experience at Tudor’s boutique store in Mid Valley though.

Purchased!

Finally, towards the end of 2020, I was finally able to get myself my first ”somewhat” luxury watch – a Tudor Black Bay GMT.

Lady luck was actually on my side and Sean gave me a call I think a few weeks after I met him to reserve a Tudor GMT. I didn’t purchase a brand new one but instead got one that was in mint condition and barely worn a few times at a slight discount.

Till today, I still feel a sense of joy putting on the watch every day. =)
It may be tough to explain my love and appreciation for a good watch to someone that doesn’t like one, so I won’t.

I’ve heard from so many around me saying they’d just wear an apple watch or a Casio as it was just to tell time. I’ve got nothing against Casio btw. An Apple Watch can even measure your heartbeat and health. They may be right in their own way, but god damn I still love my watch.

I’ve been wearing my Tudor GMT for half a year now, almost every single day. This is an investment for me but at the same time, it is an investment I can fall in love with. The price has already gone up in the 6 months that I’ve owned the watch.

End.

As mentioned earlier, I know this article is a little out of the norm from the usual stocks and dividends. But hey, I think it is a viable investment and I really do consider it one.

Hopefully, you’ll continue to see updates on watches from me periodically. And I promise to not spend above my means. If you’ve got views or comments or even advice on watches, please do leave your thoughts in the comment section of this article. I know many of you are enthusiasts and veterans.

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Binance – Crypto Savings and Staking

By Leigh
Updated May 23, 2021 Filed Under: Cryptocurrencies, Investment 7

binance dividendmagic referral

So I’ve recently sold about RM20,000 worth of bitcoins. It was just sitting in my Luno account for a month or so as MYR because I did not know what to do with it. I have since moved that amount to Binance. I converted to XRP and then transferred it to Binance.

At the same time, I was also doing my research on DeFi and staking. A really good place to start if you’re looking into this is CoinGecko’s book – How to DeFi. It took me a few days to get through the whole book the first time, and another few days for me to kinda-sorta understand it. And even now, I think I’ve barely scratched the surface. If you guys have other recommended readings, please do share them with me.

My Crypto Portfolio on Binance

Space reserved for updates.

Binance vs Coinbase

So my interest is actually in staking my coins. I don’t like my assets to just sit there and staking actually generates a lot of returns in the form of interest. So I had to look for platforms that supported staking and savings. In the end, it boiled down to Binance and Coinbase, I went with Binance mainly because they’re the biggest and the cheapest.

Is Binance Safe?

Some of you may remember the Binance hack back in 2019. The company actually absorbed the losses sustained then and no users were affected.

Another one of my concerns with Binance was with China. Binance was founded in China but they’ve since taken measures. Their servers were moved to Japan back in 2017 and they’re now headquartered in the Cayman Islands.

What I Did on Binance

As mentioned earlier, I had about RM20,000 of Bitcoin profits sitting in my Luno account. I decided to move this amount to Binance to try out its savings and staking. I wanted to move my funds with the lowest possible fees and decided to move it using XRP. Bought the maximum amount of XRP in Luno, moved the funds to Binance, and then converted my XRP to USDT.

The total transfer cost of XRP? 0.8313165. Which translates to about RM4?

As you can see, I’m holding 3,811 USDT right now and earning 5.80% p.a. using Binance’s savings feature

Earning Interests on my Crypto

Savings

So the safest of all the various forms of earning a return on your coins is Savings. Of which there are two types – Locked Savings and Flexible Savings.

An example would be Bitcoin’s savings. You stand to earn 1.2% p.a. Which isn’t too bad considering I’ve been earning zilch previously.

Another personal example of mine is my USDT Savings which is currently netting me 5.80% p.a.

Staking

I’ve yet to actually stake my coins but I’m really looking into it. Right now, there’s a sort of first come first serve situation with the more popular coins.

So, what is staking?

Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards. 

– Coinbase

For example, for USDT, the interest rate for staking is almost double its savings rate at 10.67%. But it is sold out.
I’ll definitely be selling my USDT at some point to invest in other coins and then staking them. Updates will be done on this same page so keep an eye out.

The Risks of Savings and Staking

As we are all too familiar with, the higher the risk, the higher your potential reward. Naturally, that means staking carries a higher risk when compared to savings.

One risk that both savings and staking share is the risk of the value of your coin falling. If that particular coin experiences a huge drop, all interests earned will be wiped out.

Savings and Staking are very new in the world of finance and cryptocurrencies. Essentially, you’re lending your coins out to a process.

Usually, in Savings, your coin is loaned out to a holding company that then lends it to its various clients. These clients may want to borrow cryptocurrency for financial trades or for arbitrage.

In Staking, your tokens are used in its respective verification process. By helping out the network, you earn a reward.

A key thing to remember – Do not risk your whole stack of coins. Not in savings and not in staking. Don’t risk what you can’t afford to lose.

Sign Up

If you’re looking to sign up with Binance and explore the world of DeFi, use the link or manually enter my code: GGRMJQWA

You get a small 5% kick back and discount on fees when you make transactions there.

End.

I’m moving a relatively small portion of my crypto portfolio from Luno to Binance. Luno is still where the bulk of my portfolio will be held as it is the safest for me as a Malaysian.

The main reason for testing out Binance is to try out their savings and staking. If you’re new to cryptocurrencies and looking for a place to start, my advice is to stick with Luno as a Malaysian. Safety will be the biggest priority. My review and my cryptocurrency portfolio on Luno can be found hERE.

Risks, risks, risks

There are huge. huge risks to investing in cryptocurrencies. Even more when you’re moving them out of Malaysia’s regulatory space and into unknown, literal international waters. You then further risk it by staking/savings said coins. So please, understand the risks you’re taking before taking the dive.

The above being said, I’m extremely excited right now and I feel like a kid all over again dabbling in a whole new world of finance. I’m still very new at this and would love to hear from experts or anyone with more experience with this.

Onwards and upwards!

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A Review of CapBay – P2P Lending in Malaysia

By Leigh
Updated July 25, 2023 Filed Under: FI/RE, Investment Portfolio, Other Investments 13

CapBay Referral Code (RM100)

If you’re signing up and registering with CapBay, don’t forget to use my code and link for a free RM100. To qualify, you’ll have to make the RM10K deposit and select one of the Auto Invest profiles (Conservative, Moderate and Aggressive). The full terms and conditions can be found here.

Register hERE.
Use my code: DIVMAGIC

CapBay Portfolio Update

An important note: First started investing in May 2021.

July 2023

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No defaults yet on my side and it’s amazing that the portfolio has been maintaining 11.1% for like.. forever. I’m going to check how this is calculated or if it is a bug..

As I only put in RM10,000 so far, since May 2021, this comes up to 17.95% returns in 2 years.

CapBay is also having a few promotions on and off recently so if you’re looking to start investing, make sure to capitalise on that. Also, my code, for an additional RM100.

Register hERE.
Use my code: DIVMAGIC

Nov 2022

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Still happy with CapBay!

CapBay is also having a few promotions on and off recently so if you’re looking to start investing, make sure to capitalise on that. Also my code above for an additional RM100.

I’ll be adding in a little more money the next time they have a promo.

June 2022

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I’m pretty happy and satisfied with CapBay. With the markets in turmoil, CapBay is the one that outshines my other investments for the year at an 11% annual return. A little lower of course once you take into account the fees.

CapBay is also having a few promotions on and off recently so if you’re looking to start investing, make sure to capitalise on that. Also my code above for an additional RM100.

May 2022

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Many of you have been asking for an update on my P2P lending portfolio on CapBay. The good news is that there are still zero defaults! And the even greater news is that the annual return is still above 10% right now.

I prolonged the update a little because this month marks the 1 year anniversary of my investment in CapBay. We put in RM10K back in May 2021. And now, we’ve got a net return of RM780.51. That is a 7.8% return. Not too shabby compared to the markets now.

In light of the decent returns and zero defaults, I’ll be placing another RM10K into CapBay. I wish I could spare a little more but I don’t want to spread myself too thin.

If you’re thinking of giving CapBay a try, register hERE.
Use my code: DIVMAGIC and get RM100 for freeee.

Read on for the step-by-step guide to register and how to choose your portfolios.

January 2022

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I invested RM10,000 in CapBay back in May 2021. The first update (as below) was in September 2021 in which I got RM262.77 back, amounting to a 2.62% ROI in 5 months.

Fast forward to January 2022, from the same RM10K in investment, we’ve got a net return of RM525.15. That’s a 5.25% return in 8 months.

Not sure if we’ll be able to reach 10% in returns at the end of one year. But we’ll check back again in May 2022! Still pretty happy with the returns AND of course, no bloody defaults.

If you’re thinking of giving CapBay a try, register hERE.
Use my code: DIVMAGIC and get RM100 for freeee.

Read on for the step-by-step guide to register and how to choose your portfolios.

September 2021

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I invested RM10,000 in CapBay back in May 2021. Here’s how the portfolio is doing almost 5 months after.

I’ve gotten back RM262.77 which was of course reinvested again. That comes up to about 2.62% ROI in 5 months. It does seem a little low right now but bear in mind that due to the nature of financing, it’ll take a few months for each note to mature. We’re looking at an average time period of 6 months per note. Below is an example of a note that took about 2 months to mature.

For now, I’m happy with the 2% return in 5 months. And I’ll probably keep the money in for 1 year or maybe 2 then re-evaluate CapBay’s performance.

The best part, however, is the zero defaults so far. That has always been a concern when investing in P2P lending. With no defaults in 5 months, I’ll be continuing with CapBay for the foreseeable future.

The P2P Lending Scene in Malaysia

I’ve been receiving inquiries on and off on what P2P platform I’m currently in. And if you’ve been reading the blog for a while, you’d know I had some money in Funding Societies. However, due to their increasing defaults, I’ve pulled out most of my capital.

Over the past few months, I’ve been looking to re-invest in the sector. I’m on the lookout for lower risks and default rates, somewhere my money can grow steadily at a reasonable rate of return. Which lead me to CapBay.

Types of Loans – Business Term vs Invoice Financing

During P2P’s infancy days, the loans offered by most platforms consisted of mainly business term loans. Which is, of course, the essence of P2P financing i.e. You lend money directly to businesses for a fixed period, typically between 12 to 36 months.

However, it is when the defaults came in that investors realized just how risky it was to hand out loans willy-nilly. And of course, the importance of really diversifying and not putting your capital into a few loans. Instead, when it comes to P2P financing, diversifying over many loans is advisable.

Fortunately for me, my returns today are still in the positive region. I’ve almost withdrawn 100% of my capital with a net return of 10+% per annum.

Right now, I’m looking to get back into the P2P scene as the industry as a whole matures. And I’m looking to lower my default risk by going for primarily Invoice Financing. There is lower risk here because investors are essentially lending money in the short term to SMEs based on a transaction.

In short, when an SME sells their services to a buyer on credit, they often must wait up to 6 months to get their payment. Invoice Financing allows these SMEs access to upfront payment. With Invoice Financing, the SME has already made the sale and the risk of default is actually transferred to the corporate buyer. Typically, Invoice Financing is for the short term, you’ll normally see a loan term of not more than 6 months.

Why CapBay?

CapBay specializes in providing Invoice Financing to SMEs who supply to blue-chip companies and government-related entities. Among the few P2P players in Malaysia, CapBay currently has had no defaults SO FAR since their launch in February 2020. This is no easy feat and caught my attention right away and got me digging for more info about them.

As reported by Fintech News Malaysia, CapBay is the fastest platform to hit RM100 million in P2P Financing. Typically, fast growth leads to problems with risk. The fact that they’ve managed to achieve this growth while still maintaining a 0% default rate is impressive.

How CapBay Works

CapBay works a little differently from the platforms I’ve used. They’re encouraging ”Auto-investing” whereby you let the platform pick the loans to invest in. As you all know, I’m a big fan of automating investments and so I will be using their Auto Invest feature all the way.

You choose from 3 different Auto Invest Profiles based on their respective risk profiles and potential return – Conservative, Moderate and Aggressive. If however, you want to have better control of your capital, you can choose to customize.

Within these 3 different profiles, you’ll find a further 3 categories of notes:
1. Select: Safer and lower return notes
2. Motor: Dealer financing notes
3. Diversified: Riskier and higher return notes

There’ll be a section for you to read up on these on the platform itself.

Another thing to note: Your uninvested funds will earn an estimated 1.7% per annum. This is a special feature called CapBay Plus that ensures you continue to generate returns on uninvested funds if you utilize their Auto Invest.

Simple Steps to Get Started

CapBay Registration P2P

You’ll need RM10,000 to start

This one here got me thinking a little and I know RM10,000 is a huge amount to start with for many, myself included. But after looking at the 0% default rate for a year, as well as the expected net return of up to 10% per annum on their investment opportunities, I’ve decided to go ahead. I’ll be posting updates on the performance here, probably on a regular basis.

Registration

CapBay Registration

Registration took me about 5 minutes. All the usual KYC are required. I.e. pics of your IC and a 5-sec video upload.

If you don’t have a webcam, make sure you download the app and register there as you’ll need to upload a video during registration as part of their KYC requirements.

CapBay Referral Code

And finally, if you’re signing up and registering with CapBay, don’t forget to use my code and link for a free RM100. To qualify, you’ll have to make the RM10K deposit and select one of the Auto Invest profiles (Conservative, Moderate and Aggressive). The full terms and conditions can be found here.

Register hERE.
Use my code: DIVMAGIC

End.

My Portfolio

CapBay Registration P2P

I’ve added in RM10,000 to the Auto-Invest feature and selected the Aggressive profile.

This image has an empty alt attribute; its file name is image.png

The Auto-Invest feature was quick and my funds are 40% invested in a few days. Returns range from 7.3% to 9.7% currently.

Look forward to future updates to my P2P portfolio.

Risks of P2P

Please understand that I consider P2P investing a high-risk venture. Even with CapBay’s focus on Invoice Financing, I still consider this to be a risky investment. But how else can you expect a potential net yield of up to 10% per annum.

This is why I’ve been doing a lot of research and looking around the Malaysian market. I’ll be testing the waters with CapBay and will let everyone know how it goes via my updates.

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Dividend Income Update 2021

By Leigh
Updated January 9, 2022 Filed Under: Dividends 4

Dividend Magic Dividend Income Update

A list of my past dividend income and updates can be found below:

  • Dividend Income Update 2020
  • Dividend Income Update 2019
  • Dividend Income Update 2018
  • Dividend Income Update 2017
  • Dividend Income Update 2016
  • Dividend Income Update 2015
  • Dividend Income Update 2014
  • Where it all started – April 2014

December

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Freedom Fund as of December 2021
Dividend Income (Dec) –  RM140
Dividend Income (2021) –  RM15,595.07
Dividend Yield – 3.80%

A little change in dividend yield from last month’s as I made a mistake with my gross investment.

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date. I use Rakuten Trade as my broker.

Acquisition and Disposals

Nil.

Nestle (M) Berhad

December 2021 Dividends – RM140
December 2020 Dividends – RM464
Total 2021 Dividends –  RM140
Dividend Yield – 3.47%

November

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Freedom Fund as of November 2021
Dividend Income (Nov) –  RM748.54
Dividend Income (2021) –  RM15,455.07
Dividend Yield – 3.84%

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date. I use Rakuten Trade as my broker.

Acquisition and Disposals

Nil.

Thong Guan Industries Berhad

November 2021 Dividends – RM125
November 2020 Dividends – N/A
Total 2021 Dividends –  RM437.50
Dividend Yield – 1.23%

Axis REIT

November 2021 Dividends – RM230.92
November 2020 Dividends – RM211.47
Total 2021 Dividends –  RM889.59
Dividend Yield – 5.12%

IGB REIT

November 2021 Dividends – RM392.62
November 2020 Dividends – RM701.47
Total 2021 Dividends –  RM1,975.28
Dividend Yield – 3.81%

October

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Freedom Fund as of October 2021
Dividend Income (Oct) –  RM2,368.25
Dividend Income (2021) –  RM14,706.53
Dividend Yield – 3.52%

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date. I use Rakuten Trade as my broker.

Acquisition and Disposals

Sold PetGas for a small 5% profit as I look to consolidate and streamline my portfolio and hold more cash on hand.

Tenaga Nasional Berhad

October 2021 Dividends – RM880
October 2020 Dividends – RM660
Total 2021 Dividends –  RM3,200
Dividend Yield – 6.78%

QL Resources Berhad

October 2021 Dividends – RM138.25
October 2020 Dividends – N/A
Total 2021 Dividends –  RM138.25
Dividend Yield – 0.56%

Nestle (M) Berhad

October 2021 Dividends – RM140
October 2020 Dividends – RM140
Total 2021 Dividends –  RM324
Dividend Yield – 2.42%

Malayan Banking Berhad

October 2021 Dividends – RM777.84
October 2020 Dividends – N/A
Total 2021 Dividends –  RM2,177.18
Dividend Yield – 10.28%

Sunway Berhad

October 2021 Dividends – RM86.53
October 2020 Dividends – N/A
Total 2021 Dividends –  RM216.33
Dividend Yield – 1.86%

CBIP Berhad

October 2021 Dividends – RM280
October 2020 Dividends – RM280
Total 2021 Dividends –  RM560
Dividend Yield – 2.51%

September

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Freedom Fund as of September 2021
Dividend Income (Sept) –  RM1,374.98
Dividend Income (2021) –  RM12,338.28
Dividend Yield – 2.96%

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date. I use Rakuten Trade as my broker

Acquisition and Disposals

N/A

Petronas Gas

September 2021 Dividends – RM160
September 2020 Dividends – N/A
Total 2021 Dividends –  RM160
Dividend Yield – 1.02%

Public Bank Berhad

September 2021 Dividends – RM525
September 2020 Dividends – N/A
Total 2021 Dividends –  RM1,435
Dividend Yield – 5.90%

Sunway REIT

September 2021 Dividends – RM462.98
September 2020 Dividends – RM515.66
Total 2021 Dividends –  RM686.67
Dividend Yield – 1.48%

IGB Berhad

September 2021 Dividends – RM227
September 2020 Dividends – RM227
Total 2021 Dividends –  RM454
Dividend Yield – 4.30%

August

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Freedom Fund as of August 2021
Dividend Income (Aug) –  RM675.39
Dividend Income (2021) –  RM10,963.30
Dividend Yield – 2.63%

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date. I use Rakuten Trade as my broker

Acquisition and Disposals

Added 1,000 units of Petronas Gas to my portfolio at RM15.68 per share.

At the point of purchase, PetGas’ dividend yield was really attractive and I’m hoping they continue with the same payout for the foreseeable future. I am also aware of the risk of investing in a GLC in Malaysia, I’ll monitor the company a little more closely.

Axis REIT

August 2021 Dividends – RM226.31
August 2020 Dividends – RM203.28
Total 2021 Dividends –  RM687.67
Dividend Yield – 3.79%

IGB REIT

August 2021 Dividends – RM449.08
August 2020 Dividends – RM207.01
Total 2021 Dividends –  RM1,582.66
Dividend Yield – 3.05%

July

Freedom Fund as of July 2021
Dividend Income (July) –  RM1,387.50
Dividend Income (2021) –  RM10,287.91
Dividend Yield – 2.46%

A total of RM1,387.50 in dividend income for July.

Thoughts

Really thankful for the dividends I’ve been receiving throughout this damn pandemic. They’ve been keeping me alive for the most part. My active income was slashed by almost 80-90% especially during the full lockdown. Passive income was what was keeping my head afloat.

I’d also like to apologize to readers for the slow updates of late. I’ve been really busy keeping my businesses from going under. This should all be over soon and hopefully, we can all go back to how things were. Looking to write more often and regularly soon.

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date. I use Rakuten Trade as my broker

Acquisition and Disposals

Nil.

Scientex Berhad

July 2021 Dividends – RM1,200
July 2020 Dividends – RM1,180
Total 2021 Dividends –  RM2,344
Dividend Yield – 4.25%

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Thong Guan Industries Berhad

July 2021 Dividends – RM187.50
July 2020 Dividends –
Total 2021 Dividends –   RM312.50
Dividend Yield – 0.88%

June

Freedom Fund as of June 2021
Dividend Income (June) –  RM1,040.65
Dividend Income (2021) –  RM8,900.41
Dividend Yield – 2.13%

A total of RM1,040.65 in dividend income for June.

Times are tough for everyone now and my income has been negatively affected by the prolonged lockdown in our country. The dividends from my portfolio are keeping me afloat right now. I guess this is why people always say cash flow is important.

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date. I use Rakuten Trade as my broker

Acquisition and Disposals

Sold off all MYEG.

Malayan Banking Berhad

June 2021 Dividends – RM1,040.65
June 2020 Dividends –
Total 2021 Dividends –  RM1,399.34
Dividend Yield – 6.80%

.

May

Freedom Fund as of May 2021
Dividend Income (May) –  RM1,497.86
Dividend Income (2021) –  RM7,859.76
Dividend Yield – 1.88%

A total of RM1,497.86 in dividend income for May. That is about a 71% decrease in dividends compared to May last year.

Acquisition and Disposals

Sold off all my DPHARMA.

Axis REIT

May 2021 Dividends – RM210.55
May 2020 Dividends – RM198.67
Total 2021 Dividends –  RM432.36
Dividend Yield – 2.49%

IGB REIT

May 2021 Dividends – RM442.07
May 2020 Dividends – RM645.75
Total 2021 Dividends –  RM1,133.58
Dividend Yield – 2.19%

Duopharma Biotech Berhad

May 2021 Dividends – RM381.24
May 2020 Dividends – N/A
Total 2021 Dividends –  RM381.24
Dividend Yield – 2.59%

Nestle (M) Berhad

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May 2021 Dividends – RM184
May 2020 Dividends – RM280
Total 2021 Dividends –  RM184
Dividend Yield – 1.38%

CB Industrial Product Berhad

May 2021 Dividends – RM280
May 2020 Dividends – RM280
Total 2021 Dividends –  RM280
Dividend Yield – 1.26%

April

Freedom Fund as of April 2021
Dividend Income (Apr) –  RM2,460.20
Dividend Income (2021) –  RM6,361.90
Dividend Yield – 1.47%

A total of RM2,460.20 in dividend income for April. That is about a 46% increase in dividends compared to April last year.

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date. I use Rakuten Trade as my broker.

Acquisition and Disposals

Nil.

Tenaga Nasional Berhad

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April 2021 Dividends – RM2,320.00
April 2020 Dividends – RM1,400.00
Total 2021 Dividends –  RM2,320.00
Dividend Yield – 4.92%

Sunway Berhad

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April 2021 Dividends – RM129.80
April 2020 Dividends – RM389.39
Total 2021 Dividends –  RM129.80
Dividend Yield – 1.11%

In addition to the normal dividends, I also received RM10.40 in preferential dividends from SUNWAY-PA.

March

Freedom Fund as of March 2021
Dividend Income (Mar) –  RM1,582.50
Dividend Income (2021) –  RM3,901.70
Dividend Yield – 0.92%

A total of RM1,582.50 in dividend income for March. That is about a 138% increase in dividends compared to March last year.

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date.

Acquisition and Disposals

Nil.

Axis REIT

March 2021 Dividends – RM221.81
March 2020 Dividends – RM112.59
Total 2021 Dividends –  RM221.81
Dividend Yield – 1.28%

IGB Berhad

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March 2021 Dividends – RM227
March 2020 Dividends – RM227
Total 2021 Dividends –  RM227
Dividend Yield – 2.15%

Sunway REIT

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March 2021 Dividends – RM223.69
March 2020 Dividends – RM306.82
Total 2021 Dividends –  RM223.69
Dividend Yield – 0.48%

Public Bank Berhad

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March 2021 Dividends – RM910
March 2020 Dividends – RM560
Total 2021 Dividends –  RM910
Dividend Yield – 3.74%

February

Freedom Fund as of February 2021
Dividend Income (Feb) –  RM691.51
Dividend Income (2021) –  RM2,319.20
Dividend Yield – 0.92%

A total of RM691.51 in dividend income for February. That is about a 17% increase in dividends compared to February last year.

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date.

Acquisition and Disposals

Bought a little more Scientex. Sold Dsonic and GenM.

IGBREIT

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February 2021 Dividends – RM691.50
February 2020 Dividends – RM590.53
Total 2021 Dividends –  RM691.50
Dividend Yield – 1.33%

January

Freedom Fund as of January 2021
Dividend Income (Jan) –  RM1,627.69
Dividend Income (2021) –  RM1,627.69
Dividend Yield – 0.37%

A total of RM1,627.69 in dividend income for January.

Scientex came in higher compared to Jan last year. Maybank’s dividend is all over the place so there’s no comparing to 2020 right now. And Thong Guan gave me a measly 0.35% yield so far.

I’ll be looking at how the rest of the year go but it isn’t too bad of a start.

As always, Facebook, Instagram, and now YouTube! Follow, keep up to date.

Acquisition and Disposals

No transactions made in the month of January.

SCIENTEX BERHAD

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January 2021 Dividends – RM1,144
January 2020 Dividends – RM1,030
Total 2021 Dividends –  RM1,144
Dividend Yield – 2.81%

Malayan Banking Berhad

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January 2021 Dividends – RM358.69
January 2020 Dividends – RM /-
Total 2021 Dividends –  RM358.69
Dividend Yield – 1.78%

Thong Guan Industries Berhad

January 2021 Dividends – RM125
January 2020 Dividends – RM /-
Total 2021 Dividends –  RM125
Dividend Yield – 0.35%

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Dividend Magic’s Yearly Review

By Leigh
Updated February 9, 2022 Filed Under: FI/RE, Financial Independence, Investment Portfolio 0

I’ll be using this anchor page to keep track of my overall investment portfolio. Updated yearly so I’ll be able to track and show a yearly gain/loss.

Moving forward, I’ll aim to keep my recording simple and clear-cut. So I’ll be able to track my yearly gain more easily. No more IRR, just simple yearly gain, including fresh capital and dividends reinvested.

The Year 2021

It has been a turbulent year. In terms of my portfolio, it has more or less stayed the same, which I am grateful for. The first half of 2021 saw prices plunge and then go up again in the latter part of the year.

My dividends have also increased ever so slightly to RM15,595.07 per annum in 2021. This is despite me having a smaller portfolio compared to 2020. Which is a win. Still, a long way to go to RM36K a year in dividends.

I’ve also managed to maintain a respectable savings rate in 2021 despite a drop in my income. Got a sizeable war chest ready to be deployed and I’m keeping an eye on a few local stocks as well as US ones. It has been a while where the Freedom Fund has been stagnant around the RM500K mark.

On the other hand, my crypto portfolio almost doubled in value from a year ago, this is after factoring in the huge year-end dip. I’ve also been consistent in putting money into my StashAway account. Returns have dropped compared to last year, but in the long run, I’m confident. My US portfolio has seen a drop come year-end, but we’re still positive.

My Investments

The Freedom Fund

Market value: RM501,858.09
Cash: RM100K
Dividends: RM15,595.07
Dividend yield: 3.33%

The Freedom Fund (US)

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Crypto Portfolio

Gross investment: RM10,273
Market value: RM67,004
Capital gain: +552.23%

StashAway

Dividend Magic – Risk (36% Risk Index)
Gross Investment – RM48,000.01
Current Value – RM48,575.13
Time-weighted return – 10.19%
Money-weighted return – 2.79%

Dividend Magic US – Risk (30% Risk Index)
Gross Investment – RM10,000.00
Current Value – RM11,433.23
Time-weighted return – 14.33%
Money-weighted return – 14.33%

StashAway Simple
Gross Investment – RM4,500.00
Current Value – RM4,769.28

TOTAL
Gross Investment – RM62,500
Current Value – RM64,777.64
Gain/Loss: +3.64%

My Overall Investment Portfolio

Freedom Fund: RM601,858.09
Crypto: RM67,004
StashAway: RM64,777.64
Total: RM733,639.73

Goals for 2022

I will focus on getting my dividends up. I’ll be adding more positions throughout the year. I’m looking at you Scientex!

Also, will be looking to do a monthly DCA into Vanguard’s S&P 500 ETF. As of now, I’ll be purchasing it through Rakuten Trade until a better brokerage becomes available.

The Year 2020

What a year it has been. My portfolio tanked in March when Covid hit. It even went into the red, a first for me. I missed the glove boat.

Bet on the recovery and my portfolio managed to sail through 2020 with an almost 10% gain y-o-y. As the portfolio increases in value and diversification, long gone are the days of 15-20% capital gains. I’ll be aiming to rebalance and refocus my portfolio next year. Cutting underperforming stocks and adding more winners.

I’ll also be focusing on my US portfolio moving forward. I’ve also made a decision to keep my US portfolio hidden to maintain some form of privacy. Don’t worry you’ll still be able to view it in percentage (%) form.

My Investments

The Freedom Fund

Market value: RM545,778.21
Cash: RM46,350.83
Dividends: RM15,415.64
Dividend yield: 3.33%

The Freedom Fund (US)

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Crypto Portfolio

Gross Investment: RM13,808
Market Value: RM34,424
Capital Gain/Loss: +149.30%

StashAway

Dividend Magic – Risk (36% Risk Index)
Gross Investment – RM14,001.00
Current Value – RM15,378.03
Time-weighted return – 8.01%

Dividend Magic US – Risk (30% Risk Index)
Gross Investment – RM10,000.00
Current Value – RM10,603.19
Time-weighted return – 6.03%

StashAway Simple
Gross Investment – RM12,500.00
Current Value – RM12,559.17

TOTAL
Gross Investment – RM36,501.00
Current Value – RM38,540.39
Gain/Loss: +5.6%

My Overall Investment Portfolio

Freedom Fund: RM607,544.68
Crypto: RM34,424.00
StashAway: RM38,540.39
Total: RM679,125.07

Goals for 2021

The Freedom Fund and StashAway performed solidly for me in 2020. Obviously, I’ll want to see my dividends go up in 2021. It dropped a little this year with a few companies in my portfolio electing to withhold dividends.

I hope to see dividends surpass RM20K per annum barring any unforeseen circumstances.

Also, I want to eventually have my total investments (excluding my US portfolio) reach RM750K in 2021 and RM1 million by 2025. Setting the bar a little low there I know but I’ve learnt that the key to happiness is low expectations. And with RM1 million in investments, I should be able to hit my dividend target of RM36,000 per annum.

On the other hand, I will also be pumping money into my US portfolio (which as mentioned above will be tracked only in %).

Now, to the best performing asset for me in 2020 – Bitcoin and Ethereum. Almost at a 150% return for me at the time of writing and it is increasing. I set out to keep crypto to a maximum of 10% of my portfolio. I’ll continue to hold onto them coins for now.

dividendmagic.com.my

I consider every one of you reading as a stakeholder of Dividend Magic. So an update of the website at the end of 2020 would be apt.

As mentioned on my About page, at the rate the blog is growing, we will definitely be hitting a million (and more) views next year. A big thank you to everyone that has been frequenting the blog and interacting with me on social media. I appreciate every follow, like, comment, and share you’ve been so generous with. I love the community we’ve built and the friends I’ve made along the way. We’re a small but tight-knit bunch in Malaysia.

If you haven’t already, follow me on Facebook, Instagram, and now YouTube to keep up to date.

To those that have been wondering if I’m making money via ads on the blog, the answer is finally a yes. But it isn’t much, unfortunately.

I’ve opted for the minimum amount of ads as well as the best-optimized placement for readers.

Right now, ad revenue itself is able to cover the running costs of the blog which I’m super grateful for. I don’t see this growing significantly, maybe I’m doing something wrong with the ads. With running expenses covered, Dividend Magic will be here to stay.

End.

Dividend Magic - We can do it!

That is all there is to update. 2020 was scary, thankfully, my investments are doing all right now. As always, it is important to stay invested and to attack when the opportunity presents itself. There will of course be some missed opportunities and lessons to be learned along the way. All my mistakes, all my wins, you’ll be able to see them here on the blog.

I’ll be updating my portfolios on a monthly basis as usual come 2021. Have a happy new year and I’ll see everyone in 2021.

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Dividend Income Update 2018

By Leigh
Updated December 30, 2020 Filed Under: Dividends 0

Dividend Magic Dividend Income Update

A list of my past dividend income and updates can be found below:

  • Dividend Income Update 2017
  • Dividend Income Update 2016
  • Dividend Income Update 2015
  • Dividend Income Update 2014
  • Where it all started – April 2014

December

The last month produced RM1,111.65 in dividends for me. A 14.78% dip compared to last year’s RM1,304.48. TENAGA paid out its dividends in October this year.

Also, I received AirAsia’s special dividend of RM5,320 just in time for the New Year.

I’ll refrain from adding that into my dividend yield for 2018 as that may skew and mislead you. 

Sunway REIT

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This Month’s Dividends – RM310.35

Total 2018 Dividends – RM1,179.94

Total 2017 Dividends – RM1,204.55

Dividend Yield – 5.95%

A small drop in dividends from Sunway REIT this year. Still a solid 6% yield.

Axis REIT

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This Month’s Dividends – RM437.30

Total 2018 Dividends – RM1,359.45

Total 2017 Dividends – RM1,619.51

Dividend Yield – 3.96%

Bad, bad performance from Axis. The price has slightly rebounded but I’ll continue to monitor their dividend payments for the first half of 2019.

Nestle Malaysia Berhad

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This Month’s Dividends – RM140

Total 2018 Dividends – RM550

Total 2017 Dividends – RM540

Dividend Yield – 4.11%

A slight increase in dividends from Nestle. We should see stronger yields next year as the share price has shot up to RM147 per unit right now.

Scicom (MSC) Berhad

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This Month’s Dividends – RM224

Total 2018 Dividends – RM1,008

Total 2017 Dividends – RM756

Dividend Yield – 4.52%

A surprise coming from Scicom this year. Their share price has tanked.

I believe that it is trading at a huge bargain right now.

End.

2018-  RM18,072.25 (4.92%)
2017 – RM15,705.71 (4.69%)

Gross Investment – RM367,168.13
Market Value – RM443,435.79

A good year in terms of dividends. But with the current situation of the market, the Freedom Fund is actually making a slight paper loss this year.

PS. I decided against adding AirAsia’s special dividend into the fray. But just so you know, the yield would have come up to 6.37% if I had.

Here’s to reaching that 5% mark in 2019. 

Happy New Year everyone! Don’t drink and drive.

The Freedom Fund has been updated as of December 2018. The full list of dividend yields from my shareholdings can be viewed there.

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Follow me on Facebook and Instagram to keep up with my dividend income updates.

November

What with the news of the bonus RM0.40 dividend per share announced by AirAsia last night, I am in an upbeat mood as I write this today.

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The dividend income for November 2018 came up to RM1,806.62, compared to RM1,438.87 the same month last year. A 25.56% jump in dividends!

And of course, an equal 25% jump in satisfaction on my part.

Contributing partners to the dividend income: Malayan Banking Berhad (better known as Maybank), Aeon Credit Service Berhad and IGB REIT.

Maybank

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This Month’s Dividends – RM813

Total 2018 Dividends – RM1,853.64

Total 2017 Dividends – RM1,761.72

Dividend Yield – 6.99%

A 7% dividend yield from Malaysia’s largest bank is no easy feat. This amount materializes firstly from my low buy-in price and also from the bank’s financial performance.

The dividend yield has also increased, with the additional shares from Maybank’s dividend reinvestment plan taken into account.

If and when the share price dips to low levels again, I’d suggest investing here. Instead of the constant, tedious chase for 4% promo rates.

Aeon Credit

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This Month’s Dividends – RM378.25

Total 2018 Dividends – RM718.25

Total 2017 Dividends – RM359.21 (comparison with RM378.25 as I bought end of 2017)

Dividend Yield – 3.18%

Give Aeon some time, the growth of their loan portfolio is strong for 2018 and I only see them moving forwards. That said, 3.18% ain’t too shabby.

IGB REIT

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This Month’s Dividends – RM615.37

Total 2018 Dividends – RM2,865.43

Dividend Yield – 7.09%

My all-time favorite REIT right now. (Sunreit is a close second)

I’ve always believed that IGB REIT is a no-brainer and investors new to dividend investing should drop some dough into this counter.

Bought at the right price, you’ll get a nice starting yield of maybe 5%? Hold it for a few more and a 7-8% yield is right around the corner.

A tip: Mall REITs like IGB REIT derive their income mainly from 2 sources – Rentals and parking. IGB has a huge waiting list of tenants and their parking bays are always full.

October

October was a relatively volatile month. And I’ve noticed most of you who started investing recently weren’t able to handle the dip in the market. Emotionally.

Reminder: You’re investing for the LONG term. Don’t let temporary dips or so-called financial crises shake you.

Remember to always do your research and have target prices for your stocks. And based off that TP, decide to buy or sell. I know most of you are just looking for re-assurances. And I’m more than happy to remind and reassure everyone again and again.

So, moving on. The tenth month brought in only RM599.64 in dividend income compared to RM1,454.52 last year. A 58.77% dip. The difference? AirAsia declared October last year but not this year. We did have TNB’s contribution this year though.

Sunway Berhad

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This Month’s Dividends – RM296.94

Total 2018 Dividends – RM551.46

Dividend Yield – 4.84%

I’ve held Sunway’s shares for years now which is why I get good yields like these from them. Total yield is up from 4.59% last year. I always love it when yields increase y-o-y.

Tenaga Nasional Berhad

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This Month’s Dividends – RM302.70

Total 2018 Dividends – RM516.80

Dividend Yield – 3.66%

TNB has been a new addition to the portfolio. Up from 3.12% last year. Increasing yields? Check.

End.

Dividends from both companies are above the 3% mark and have been increasing every year. Keeping both companies for many years to come.

To summarize,

Freedom Fund as at October 2018
Dividend Income (October): RM599.64
Dividend Income (2018): RM15,153.98
Dividend Yield: 4.13%

We’ve almost crossed the 4.28% dividend yield mark for last year and we’ve got 2 more months to go. Barring any unforeseen circumstances, it’s a solid year for the Freedom Fund.

Onwards and upwards! And remember, don’t panic during recessions. Save and always stay invested.

September

The 3rd quarter of the year comes to a close this time around with a total of RM1,799.63 in dividends for the month of September.

Compared to last year in September of RM1,136.30, we’ve got a 58.38% increase in dividends.

Freedom Fund has been updated to reflect 3Q numbers.

The handful of companies providing me with this rezeki are as follows:

Axis REIT

This Month’s Dividends – RM373.35

Total 2018 Dividends – RM922.15

Dividend Yield – 2.69%

Sunway REIT

This Month’s Dividends – RM274.18

Total 2018 Dividends – RM869.59

Dividend Yield – 4.38%

Public Bank

This Month’s Dividends – RM192

Total 2018 Dividends – RM396

Dividend Yield – 3.57%

Nestle Malaysia Bhd

This Month’s Dividends – RM140

Total 2018 Dividends – RM410

Dividend Yield – 3.07%

Homeritz Corporation

This Month’s Dividends – RM244.50

Total 2018 Dividends – RM782.40

Dividend Yield – 5.54%

IGB Berhad (formerly Goldis Bhd)

This Month’s Dividends – RM227

Total 2018 Dividends – RM227

Dividend Yield – 2.15%

Scicom Berhad

This Month’s Dividends – RM336

Total 2018 Dividends – RM784

Dividend Yield – 4.68%

End.

Solid performance from the businesses for September. The only exception being Axis REIT which has really been underperforming all year round.

To summarize,

Freedom Fund as at September 2018
Dividend Income (September): RM1,799.63
Dividend Income (2018): RM14,554.34
Dividend Yield: 3.96%

We’re only at the 3rd quarter for 2018 and already recording impressive numbers.

It’s safe to say we will be breaking last year’s record. Not enough to hit the 5% in yields mark. But a 4.5% would be sufficient.

Onwards and upwards! Thank you for reading.

August

The 8th month of 2018 brought me only RM574.55 in dividends compared to RM1,880.64 the same time last year. As mentioned in the previous post, this is due to most companies paying in July instead of June and August.

IGB REIT

This Month’s Dividends – RM574.55

Total 2018 Dividends – RM2,250.06

Dividend Yield – 5.57%

These should be all the dividend income from IGB REIT this year.

Total Dividend (2018) – RM2,250.06

Total Dividend (2017) – RM1,785.70

Dividend Yield (2018) – 5.57%

Dividend Yield (2017) – 5.96%

I purchased additional shares in March 2018, giving me a higher total dividend but a lower yield.

I trust in the assets the management has invested in and foresee growth for IGB REIT in the distant future. As with properties, the growth would be a slow one.

End.

As a comparison to last year’s performance:

August (2018): RM574.55

August (2017): RM1,880.64

A 69.45% dip in dividend income. We should see dividend income normalize come September.

To summarize,

Freedom Fund as at August 2018
Dividend Income (August): RM574.55
Dividend Income (2018): RM12,754.71
Dividend Yield: 3.47%

July and June

This will be a combined Dividend Income Update for the months of June and July.

I decided to combine both because dividends this year have been pretty erratic in terms of ‘when’ they were distributed. You’ll see in a moment.

It’ll still be separated into individual months for easy reading.

June 2018 – RM1,613.94
June 2017 – RM3,750.74

A -56.97% decrease y-o-y.

Worry not, most of the dividends were distributed later in July.

Companies that paid out in June were – Nestle, Axis REIT, Sunway REIT, Cypark and Scicom.

Nestle Malaysia Bhd

This Month’s Dividends – RM270

Total 2018 Dividends – RM270

Dividend Yield – 2.02%

Nestle shares have been on a high this year. I’m up by a 120% in capital gains from my measly 200 units of Nestle shares.

Dividends from Nestle increased by 4% y-o-y. Received RM260 the same time last year.

Axis REIT

This Month’s Dividends – RM362.63

Total 2018 Dividends – RM548.80

Dividend Yield – 2.27%

Axis REIT has been on a disappointing run. Both in share price as well as its dividend payouts.

Sunway REIT

This Month’s Dividends – RM298.11

Total 2018 Dividends – RM595.41

Dividend Yield – 3.00%

A marginal increase in dividends this time around for SunREIT. No complaints there as the dividend yield has been increasing every year.

Cypark Resources Bhd

This Month’s Dividends – RM459.20

Total 2018 Dividends – RM459.20

Dividend Yield – 2.60%

An increase in dividends from Cypark this time around. It’s yield increased from 2.41% in 2017 to 2.60% this year.

Scicom (MSC) Bhd

This Month’s Dividends – RM224

Total 2018 Dividends – RM448

Dividend Yield – 2.01%

Big increase in dividends from Scicom compared to the same months last year. The share price has taken a beating though.

July 2018 – RM4,176.64
July 2017 – RM552.00

A 656.64% increase y-o-y.

So… That’s a 650% increase in dividends for July. However, combining both June and July, we will have a 34.58% increase in dividends. I’ll show you the numbers at the end of this post.

Companies that paid out in July were – Maybank, Scientex, AirAsia, AEON Credit and CBIP.

Malayan Banking Bhd

This Month’s Dividends – RM1,064.64

Total 2018 Dividends – RM1,040.64

Dividend Yield – 3.92%

Huge, huge dividend payout from Maybank. A marginal increase from last year.

The final dividend should be paid out some time in October. We are set to see Maybank’s dividend yield go past the 7% mark this year.

Scientex Bhd

This Month’s Dividends – RM920

Total 2018 Dividends – RM1,840

Dividend Yield – 5.19%

This should be all the dividends from Scientex this year. The increase in dividends compared to 2017? 40%.

Nuf’ said.

AirAsia Bhd

This Month’s Dividends – RM1,596

Total 2018 Dividends – RM1,596

Dividend Yield – 3.85%

AirAsia more than doubled its dividends this year. I received RM780 this time last year.

Although a growth company, AirAsia’s dividends are one of the best in my portfolio.

Aeon Credit Bhd

This Month’s Dividends – RM340

Total 2018 Dividends – RM340

Dividend Yield – 1.51%

CBIP Bhd

This Month’s Dividends – RM280

Total 2018 Dividends – RM700

Dividend Yield – 3.14%

End.

As a comparison to last year’s performance for both June and July:

June & July (2017): RM4,302.74

June & July (2018): RM5,790.58

That’s a big 34.58% increase.

To summarize,

Freedom Fund as at July 2018
Dividend Income (June & July): RM5,790.58
Dividend Income (2018): RM12,180.16
Dividend Yield: 3.31%

The Freedom Fund’s dividend yield has already surpassed the 3% mark. And it is only July. Again, for the people that continuously ask me ‘Why not FD?’ I hope this answers your question. Again.

To recap, last year’s dividends were almost RM16K.

I know I’m aiming high right now, but we are in line to achieve RM18K in dividends this year. In fact, RM20K is entirely possible.

As always, thank you for reading! I’ll be updating the Freedom Fund page within the week or so. 

May

May 2018 – RM667.52
May 2017 – RM393.79

A 69.51% increase y-o-y. The increase is thanks to IGB REIT declaring its dividends in May.

Last year’s sole contribution came from Axis REIT, whose dividends came in June this year.

IGB REIT

This Month’s Dividends – RM667.52

Total 2018 Dividends – RM1,675.51

Dividend Yield – 4.15%

IGB REIT is one of my portfolio’s largest contributor of dividends, consistently providing me with yields of 5% and above.

This year, we ought to see it break the 6% dividend yield threshold.

As I’ve often said, REITs are necessary defensive stocks to have in your portfolio. They act as an anchor during bad market conditions that still provide you with high yields.

End.

April and May has traditionally been slow months for the Freedom Fund. We should hopefully see June give us bigger returns this month in June. Really looking forward to it.

To summarize,

Freedom Fund as at May 2018
Dividend Income (May): RM667.52
Dividend Income (2018): RM6,389.58
Dividend Yield: 1.70%

As always, thank you for reading! Those of you who are heading to AirAsia’s AGM on 20 June, drop me a PM. 

April

April 2018 – RM483.02
April 2017 – RM277.20

A 74.25% increase y-o-y. The increase comes mainly from the addition of Tenaga Nasional Berhad in July last year.

And yes, congratulations to Pakatan Harapan on the GE14 win.

Tenaga Nasional Berhad

Dividend Income April 2018
Tenaga Nasional Berhad April 2018 Dividends

This Month’s Dividends – RM214.10

Total 2018 Dividends – RM214.10

Dividend Yield – 1.52%

TNB has been performing really well since I’ve added it to the Freedom Fund last year. The risks moving forward will be the review of government contracts TNB has signed while under BN’s rule.

Sunway Berhad

This Month’s Dividends – RM254.52

Total 2018 Dividends – RM254.52

Dividend Yield – 2.23%

Sunway Construction Berhad

Dividend Income April 2018
Sunway Construction April 2018 Dividend Income

This Month’s Dividends – RM14.40

Total 2018 Dividends – RM14.40

Dividend Yield – 2.50%

Recent Buys

I’ve made a purchase 3,000 units of AirAsia shares at RM3.52 each. My average price is RM3.1189 currently.

End.

I apologize for the late dividend income update this time around. May’s post will be up soon.

April and May has traditionally been slow months for the Freedom Fund.

To summarize,

Freedom Fund as at April 2018
Dividend Income (April): RM483.02
Dividend Income (2018): RM5,722.06
Dividend Yield: 1.60%

Still waiting on AirAsia’s AGM notice. Anyone know anything about it? Will be interesting to see Tony after his recent debacle.

As always, thank you for reading!

March

March 2018 – RM2,166.98
March 2017 – RM455.37

That big jump in dividends is no April Fool’s joke. As mentioned in the previous post, Public Bank’s dividends came in March this year at RM204 instead of February.

However, the main reason for the increase in dividends is the one-off payment from my Goldis Preference Shares from the takeover offer a couple of months back. I received RM1,441.68.

So, did my dividend income actually increase?

YES! Even without taking into account Public Bank’s and the one-off payment from Goldis, my dividends increased by 14.48% y-o-y. Both SunREIT and Scicom paid out higher dividend amounts.

Sunway REIT

This Month’s Dividends – RM297.30

Total 2018 Dividends – RM297.30

Dividend Yield – 1.50%

Scicom Berhad

This Month’s Dividends – RM224

Total 2018 Dividends – RM224

Dividend Yield – 1.34%

Public Bank Berhad

This Month’s Dividends – RM204

Total 2018 Dividends – RM204

Dividend Yield – 1.84%

Goldis Berhad / IGB Corp

As mentioned earlier, this is a one-off payment from Goldis’ takeover of IGB Corp. I opted to receive Goldis preference shares instead of a full cash payout. You can read more about it hERE.

Recent Buys

I’ve made a purchase of 7,000 units of IGB REIT shares for RM1.49 each last month in light of the cheap prices of REITs.

End.

I’m happy with March’s dividend income. As the 1st Quarter of 2018 comes to a close, I’ve updated the Freedom Fund to reflect my gains accordingly.

How has everyone’s 1st quarter been?

To summarize,

Freedom Fund as at March 2018
Dividend Income (March): RM2,166.98
Dividend Income (2018): RM5,239.04
Dividend Yield: 1.51%

On a side note, I’ve received notices from Maybank and Public Bank on their upcoming AGMs. Anyone attending? Drop me a comment here or on Facebook and maybe we can arrange a small gathering.

As always, thank you for reading!

February

February 2018 – RM1,732.06
February 2017 – RM2,081.80

That’s a 16.8% decrease in dividends for me y-o-y.  This is mainly due to Public Bank declaring its second interim dividend late this year. I’ll be receiving it in March or April.

The RM1,732.06 this February came from IGB REIT, Axis REIT, and Homeritz.

IGB REIT

This Month’s Dividends – RM1,007.99

Total 2017 Dividends – RM1,007.99

Dividend Yield – 3.36%

IGB REIT’s dividends increased from RM733.50 to RM1,007.99 y-o-y.

We should see IGB REIT’s dividend yield pass the 6% yield this year.

Axis REIT

This Month’s Dividends – RM186.17

Total 2017 Dividends – RM186.17

Dividend Yield – 0.54%

Axis REIT’s dividends decreased from RM271.20 to RM186.17 y-o-y.

I’ve had many many queries from concerned readers regarding Axis REIT’s performance.

Axis had been aggressively acquiring new properties lately, as many as 2 in 2017 alone. Coupled with new unit placements in November, this has seen a drop in share price for the REIT.

As a shareholder, I’m of course always happy to see the management acquire solid new properties. However, with new share placements, I expected a share price drop but not a drop in my dividends. Food for thought.

Also, Axis’ AGM is coming up in April. Anyone attending?

Homeritz Bhd

This Month’s Dividends – RM537.90

Total 2017 Dividends – RM537.90

Dividend Yield – 3.81%

Homeritz’s dividends decreased from RM733.50 to RM537.90 y-o-y.

Homeritz was buoyed by the decrease in value of the Ringgit last year and translated to huge gains for its exports.

Still, a 3.81% yield from its first dividends this year is good.

End.

February in 2018 has been disappointing compared to last year’s. Mainly due to underperformance by Axis REIT’s dividend distribution.

March should see some improvement. How has everyone’s February been?

To summarize,

Freedom Fund as at February 2018
Dividend Income (February): RM1,732.06
Dividend Income (2018): RM3,072.06
Dividend Yield: 1.07%

I’d like to apologize for not replying some of your comments and messages on time as I’ve been away on holiday up till today – the 21st of March. Will be replying everyone real soon!! 

As always, thank you for reading!

January

Dividends, dividends, dividends!

January 2018 – RM1,340
January 2017 – RM1,180

An increase of 13.56%.

Same companies – Scientex Berhad and CBIP Berhad.  The increase was contributed by Scientex alone, giving out RM920 compared to the RM760 last year. CBIP’s dividends remained constant at RM420.

Scientex Berhad

This Month’s Dividends – RM920

Total 2017 Dividends – RM760

Dividend Yield – 3.14%

CBIP Berhad

This Month’s Dividends – RM420

Total 2017 Dividends – RM420

Dividend Yield – 1.88%

End.

Pretty straightforward stuff for the first month of 2018. Same two companies, one increasing its dividends while the other’s remained the same.

Scientex is expected to continue to contribute heavily to my portfolio’s dividend income this year.

Last year, with RM1,312 in dividends, Scientex’s dividends made up almost 10% of the Freedom Fund’s total dividend income. The 21% increase in dividends by Scientex came as a surprise as I only expected a small hike in dividends this time around.

To summarize,

Freedom Fund as at January 2018
Dividend Income (January): RM1,340
Dividend Income (2018): RM1,340
Dividend Yield: 0.4%

Last but not least, a Happy Chinese New Year to everyone! Onwards and upwards!

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