Dividend Magic

Saving and Investing towards Financial Independence in Malaysia

FI/RE

Basic Financial Plan for Malaysians

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I’ve gotten so many questions from all of you seeking financial guidance that I’ve decided to once and for all come up with a simple financial plan (a guide if you will) for all to use.  

We’ll begin with the basics first, getting yourself out of debt, saving up and then investing that money for passive income.

The Goal

The final goal of this plan here is for everyone to have an investment portfolio that generates sufficient passive income to sustain your lifestyle.

What is your Networth

Use a paper or Microsoft Excel and draw up your Balance Sheet. You’ll have your assets listed on one column and your liabilities on the other.

I’ve got a simple template set up for everyone to use here. Add or remove necessary items. The download link for the Excel file is below.

Personal-Balance-SheetDownload

1. Budgeting and Saving

First and foremost, you’ll need to have capital. For that regular, periodic investing. And also, for the opportunities that appear once (or twice) in your lifetime.

Acquiring capital would mean you need a surplus in your monthly budget. Now, there are tons of budgeting templates out there on the interwebs so I’m not going to walk you through this.

I will, however, tell you that the most important aspect of budgeting is to make it into a healthy habit. Keep at it for a time and you’ll thank yourself 50 years down the road.

Savings – I want you to have at least a 20% savings rate. The higher the better, in fact, try for 50% of your take-home salary. You’ll invest more during your early years and let the magic of compounding take over sooner.

2. Your Emergency Fund

After you’re done consolidating and paying off your debts, you’ll have a nice surplus in your budget and savings every month.

The next step would be to start building up what we call your Emergency Fund. This is the fund where if and when you ever need money for an emergency, you’ll never need to take out that personal loan or worse, from loan sharks.

An example – medical bills, or if your phone got stolen etc.

How much should you have you ask? Some sites will tell you 3 months of your expenses. I say at least 6 months, go 12 months if you’re the risk-averse kind.

I typically keep my emergency funds in Fixed Deposits (‘FDs’). Now, you may need to liquidate this cash immediately, so put them up in one-month FDs.

3.1 Investing

You’ve got a kick-ass budget going on, your behind is covered by your emergency fund, now let’s talk investing.

As you all know, I invest heavily in stocks.
Here’s what I do – I continue saving and accumulating my wealth. I then wait for and seize any opportunities that present itself. I try to always have cash on hand.

Of course, you may not want to invest in stocks. And that’s perfectly fine, you should invest in assets you KNOW and you’re comfortable with. Just as long as you INVEST. Don’t leave your money lying around in FDs and what not because inflation is gonna take a bite out of it every single day.

The 7 investment options in Malaysia can be found hERE.

Investing your money is essentially making your money work for you. The first few years of your investing will determine the outcome of your financial well-being so invest with care and diligence.

3.2 Building Your Passive Income

For me and hopefully for you, the goal is to have enough passive income to not have to worry about work. I’ve calculated that to about RM3,000 per month or RM36,000 per year. This is the essence of FI/RE – Financial Independence and Retire Early.

To learn more about FI/RE – click hERE.

There are lots of people and information out there that touts and scream passive income in your face. But when I say passive, I mean the true passive. You receive regular income with little to no effort on your part.

For example, a rental property where you manage it yourself and you’re getting complaints from the tenant every other month is not passive.

Whereas if you let your agent handle every single thing regarding the said property and check-in maybe every quarter with him/her, I’d classify that as passive.

Or you know, just buy Real Estate Investment Trusts (‘REITS’).
Let huge ass property managers manage your property instead. No worries. Hakuna Matata.

4. Protection

Now I’m including protection into your financial plan because many either overlook this or overprotect and overinsure themselves.

This step should be done simultaneously with Step 3.

Let’s talk insurance. I know I’ll be getting flak from insurance agents for saying this but – You don’t need life insurance. This is my opinion.

What you should focus on right now, is medical insurance. To cover your medical expenses, should you be hospitalized or some critical illness should befall you. That’s all I have and that’s all I need. I can pass on my whole portfolio to my next of kin and dependants upon my demise.

While we’re on the topic, fuck investment-linked insurance. Get a standard, simple one. Don’t let the premiums in your 80s scare you. You’ll invest the money yourself, without paying a fee to the insurance company.

5. Review and Monitor

You finally have everything in order. The final step is a step that is continuous and on-going. It is for life. And it is for generations to come.

You’ll need to monitor your budget monthly, make sure your savings increase in tandem with your salary and income.

Your emergency fund will increase as your monthly expenditure goes up.

Your investments and assets AND passive income should always go up, up and UP.

And, your insurance should always be updated to include the latest offerings and cover all illnesses.

I myself go over my finances every month. Part of the reason I started Dividend Magic is to keep track of my investment portfolio as well as to hold myself accountable.

End.

It is my hope that this here Financial Plan would be of help to every single Malaysian. It is a very basic plan, I’ve left out some more advanced features of financial plans but the essentials are all there.

You and you yourself are responsible for your finances.

Remember – Save, Invest and FI/RE.
I’ll leave you one of my favourite quotes by William Shakespeare.

”There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.”

Now go out there and don’t let them opportunities pass you by.

A Guide to Dividend Reinvestment Plans in Malaysia (Online)

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Maybank’s Dividend Reinvestment Plan Online Application

No more going to the post office to subscribe dividend reinvestment plans (“DRP”) guys and girls. FINALLY.

Tricor has rolled out online applications and it is so convenient. Here, I’ll show everyone how it’s done. Step-by-step.

Tricor’s Online DRP Application

Step 1 – Register and Login

First, head over to Tricor and obviously, you’ll have to go through the motions and sign up for an account.

Proceed to login to your account.

Step 2 – Selecting the Corporate Exercise

As highlighted in the image above, select the corporate exercise you as a shareholder wishes to take part in.

In this case, Maybank’s Dividend Reinvestment Plan. Click ‘Next’.

Steps 3 & 4 – Terms and Conditions of the DRP

The next step brought me to the T&Cs of the dividend reinvestment plan. Read through, check the box and click ‘Next’.

Maybank is giving out shares in lieu of cash dividends. The shares will be issued at RM8 per share.

The lower the figure, the better. Because I’ll get more shares.

Step 5 – Declaration

Declare that you’re fit to participate in the corporate exercise. Check the box and click ‘Next’.

Step 6 – My Dividends

So, this is how a DRP works. First, the price for one Maybank share is hovering around the RM8.9 and RM9 region.

Without the DRP, I stand to receive RM1,052.16 in dividend income. Cash.

By electing to receive my dividends in Maybank shares instead of cash, I’ll receive 69 Maybank shares and RM493.20.

How did I get 69 shares you ask? That’s RM558.96 / RM8 per share.
RM8 being the issue price mentioned earlier.

Why DRP?

So, the why is simple. I stand to receive RM1,052.16 if I took it all out in cash.

Maybank is giving me some of it in shares, at RM8 per share.

The market price for one Maybank share is RM8.90. That’s a 11.25% premium. So if the price holds, I’ll gain 11.25% on my 69 shares.

However, you do not want to opt for a DRP if:

1. The issue price is ABOVE the share price (duh)
2. The issue price is really close to the share price.

First, no one in their right mind will opt for Maybank’s DPR if say, the market price for a share is RM7. This usually happens when a stock’s prices are in a freefall.

For number 2, we have to pay to participate in corporate exercises. In this case, see Step 7.

Step 7 – Payment

Followed the instructions and made my payment. RM13 in handling fees and stamp duty.

An extra RM3 in handling fees. Heck, I’d pay RM10 to save my time.

End.

So there you have it. I’ve been participating in Maybank’s DRP ever since I owned the bank’s shares. And it has been rewarding.

In the last DRP, the issue price was at RM7.25.

With Tricor’s new online system, it has been even easier and more convenient for me.

So, Maybank shareholders out there, give the online system a try and save your time. As we all know, time is everything.

The Employees’ Provident Fund (EPF)

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EPF Dividends 2018 – 6.15%


The Employees’ Provident Fund has a good track record of declaring above average returns to Malaysians. Also, have a look at their very simple vision and mission.

Vision

Helping members achieve a better future

Mission

Safeguard members’ savings and deliver excellent services

Quality Policy

The EPF is committed to help members achieve a better future through continuous improvement in safeguarding members’ savings and delivering excellent services. 

With the EPF, Malaysians essentially have in place a system of forced savings, investing and reinvesting for their retirement.

An independent governmental body whose goal is not motivated by fees but to earn the highest possible return for its members.

In general, Malaysians are happy with the 6.15% declaration of dividends by the board of our good old EPF.

And YES! 
EPF = KWSP. They’re one and the same.

We’re all familiar with EPF as our retirement fund. But what does EPF actually invest in?

dividend magic - retirement
‘How late do you expect to be working?’

Main Assets of EPF


As of 2018, equities made up about 41% of EPF’s total assets.

A further 50% is invested in fixed income instruments.

Let’s have a look at some of EPF’s largest equity holdings.

It’s a good idea to have EPF’s investments as a reference, apart from my Freedom Fund of course. ; )

What Will Become of Your EPF Savings?


With the recent 6.15% declaration in dividend, what do you plan to do with your savings in the fund?

I’ve created a simple poll in an attempt to gauge the mentality and financial decisions of everyone here.

No pressure. Also, there are no wrong answers.

What Will You Do With Your EPF?

View Results

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What I Do With My EPF

I personally am leaving my EPF untouched till I reach 55. And then I’ll withdraw a monthly amount to keep me alive, slowly drawing down on the capital.

Your EPF is essentially forcing you to save a portion of your income every month. And it helps you reinvest those 6% and above dividends every single year.

Even though I’ve mentioned there being no wrong answers to the poll above, I do believe Option 2 and 3 – where you’re essentially drawing down on your funds from your EPF savings is the least financially sound decision.

I see no reason for one to forego that 6% return in lieu of mutual funds or property. If you’ve got to take money from your retirement savings to purchase something, you definitely can’t afford it. In my opinion, of course.

Has anyone done this long term and made good money from Options 2 and 3?

End.

You may have heard from uncles and aunties telling you to withdraw as much as you can during times of uncertainty.

Mutual fund agents may have enticed you to believe their RM100 million funds are superior to our national fund – worth over RM800 fucking billion dollars.

Property agents may have hinted that your purchase of that 3BR apartment is a better decision than leaving your money in the hands of a professional investing team.

I think all are a load of hokum and I’ll stick with EPF for the foreseeable future.

I think you should too. 
And this is a plea to all Malaysians, don’t squander away your retirement savings.

TL;DR – Withdrawal from EPF? Bad idea.

Things To Do Before You Start Investing in Malaysia

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I get asked a lot about investing.

To start off, let me just say that I don’t claim to be the best investor in Malaysia. There are many others who I’m sure are better out there. However, I’ve been able to make a decent amount of money through saving and investing. In particular, dividend and value investing.

I’ve been able to successfully generate annualized returns of 10% (so far). With my portfolio close to RM450K right now.

My Philosophy

I invest primarily for financial independence and freedom. To generate enough passive income, allowing me to have the freedom of choice when it comes to major financial decisions.

I don’t view ‘investments’ that keep me up late at night as passive investments. I’d very much rather have an investment generating 10% pa, worry-free than an investment that generates twice that but keeps me up all night and all on my toes all day.

In other words, I am investing with quality of life as an end goal. And I’m investing for the very long term, for life.

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What Are Your Advantages

The first question to ask yourself before you invest is this. I’ve broken advantages down into 3 main categories.

1. Informational

If you happen to have access to certain information not privy to the public or the rest of us Malaysians, you’re way ahead of the curve. Be aware of threading the fine line of insider trading though.

It’s always a good idea to invest in businesses you have a direct connection to. A good example would be an AirAsia employee who might have noticed that passenger volume has gone down for months where previous flights were full.

An example of illegal insider trading would be an accountant of AirAsia who reads the unpublished accounts and notices AirAsia is about to declare an unusually high-profit next quarter.

2. Analytical

This means you’re better at taking the information available in the market and dissecting it and then using it to your advantage. You could have algorithms set in place, charts etc.

This usually applies to the big boys. Investment firms with PhDs and whiz kids working for them, making better use of the information available in the market than the average joes like me.

3. Emotional / Behavioural

Do you have a particular personality or temperament that allows you to make better investment decisions?

Being able to separate your emotions from investing ie. not succumbing to the ups and downs of Mr. Market. This is easier said than done and I myself find it difficult to execute especially during times of recession.

A good example would be our good Mr. Warren Buffett. ‘Be greedy when others are fearful and be fearful when others are greedy’.

Becoming a Better Investor

After identifying your advantages, it’s time to beef up. Now, these are useful even if you’ve had some mileage as an investor. Remember to always improve yourself.

 1. Read These Books!

I’ve taken the time to compile a list of useful books hERE.

The purpose right now is to not to immediately jump into investing. It is to make sure you’ve got your arsenal of knowledge and skill to help you keep your head afloat in the market.

If you don’t have the time or the energy to read up and increase your knowledge, you shouldn’t be investing. Trust me, you’ll get burnt.

Consider a low-cost index fund or FDs if you eventually find that investing in the stock market isn’t for you.

2. Pick Your Style

Now you’ve read up on the different styles of investing, you should have a rough idea on how you want to go about investing.

Base this on your own personality. What sort of risk are you willing to take? And what sort of returns are you looking at?

Base this also on the amount of capital you have to invest. RM10,000? or RM100,000. There is both a case for and against diversifying. Which you’ll have to decide for yourself.

And base this on how long you plan to invest in. The timeframe. Investing for the long term allows your money to compound for a longer period of time. Which is why investors that start young have a huge advantage compared to their senior counterparts.

3. Set Your Rules

One of the main mistakes investors make, especially value investors is thinking that the journey ends once you’ve successfully picked a stock.

On the contrary, investing ends only when you’ve liquidated your investments. When that cold hard cash is in your hands or bank account. Dividend investing helps me maintain my capital while receiving dividends in my bank account annually.

On that note, it is important to have a target price or value for your stocks. This will let you know when to sell and when to purchase more. For me personally, as a dividend investor, I only sell a stock when it is 50% higher than my valuation of the stock. And I add more if it falls below 30%.

4. Have a Proper Financial Plan

It is important to have a plan to adhere to every month. You’ll want to have a proper financial plan in place and review your finances periodically in accordance with the said plan.

I’ve gotten a proper basic financial plan together that covers the essentials for all Malaysians hERE.

Paper Trading

Now that you’ve got everything in order and you’re all set to start investing, I’d highly recommend one more step before you start off – paper trading.

Paper trading is trading hypothetically online without the actual use of money. You start off with a set amount of capital, say RM100,000 and you start investing as how you normally would. Do this for a year and see how you manage at the end of the exercise.

End.

Now, investing is easy. But it isn’t as easy as some of you might think. You’ll be thrown into the market with the big boys and their PhDs and algorithms. But, armed with the right knowledge and some common sense, investing isn’t too difficult.

For your next step, you’ll want to go through the motions and start with the opening of your brokerage account. You can read up on it hERE.

Bonus Issues and Stock Splits – Good or Bad?

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I just received a document from Cypark Resources Berhad, stating that I as a shareholder will receive 1 bonus share for every 2 Cypark shares I hold.

What are Share Bonus Issues?

A bonus issue is an offer of free additional shares to existing shareholders. They’re basically gifts to shareholders of the company, rewarding you and me with additional shares at no cost.

The bonus shares are issued and paid out of the retained profits of a company.  They’re issued as a ratio, based on the number of shares held by the shareholder. For example, Cypark handed out bonus shares at a ratio of 2 : 1. For every 1 share held, shareholders get 2 bonus shares for free.

Why are Bonus Shares Issued?

  1. To reward shareholders
  2. Boost investor sentiment and market confidence
  3. Increase liquidity
  4. Adjust the stock price to a reasonable range

Difference Between a Bonus Issue and Stock Split

Both have many similarities as well as differences. Stock splits only serves one purpose – To increase the number of shares. Ie. To adjust the share price of the company to a lower level.

Many Malaysian investors still believe a company like Nestle whose share price is RM145 per share is “expensive”. Investing RM10,000 into Nestle or a low price share is the same thing. You’re investing RM10,000. End of story. 

When a stock is split, there is no change in the company’s cash reserves. In contrast, when a company declares a bonus issue of shares, the bonus shares are paid for out of the accumulated profits of the company, depleting reserves.

End.

I hope this clears the air on bonus issues and stock splits.

TL;DR – Bonus issues are a plus for the company, stock splits are neutral.

Happy investing!

Investing in Malaysia – Your 7 Investment Options

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What can I and should I do with my savings and excess funds? What are my investment options in Malaysia. That ought to be the question in the back of our minds, constantly.

My train of thought has always been as follows.

Savings – Investment – Passive Income – Reinvestment – Financial Independence

I know, Dividend Magic is almost always about Dividend Investing. And, I’m aware it can be somewhat intimidating for most of you to start dabbling in the stock market and investments in Malaysia.

In light of that, allow me to introduce the 7 viable, long-term investment options in Malaysia that might suit your needs.

When I say investing, I mean investing and not speculating. The difference?

Investors seek to generate a satisfactory return on their capital by taking on an average or below-average amount of risk. On the other hand, speculators are seeking to make abnormally high returns from bets that can go one way or the other.

The list is arranged from safest to riskiest.

Fixed Deposits (“FDs”)

Returns per annum: 3 to 4%

CIMB Unfixed Deposit
CIMB’s Unfixed Deposit

Let’s start with the simplest of them. Fixed deposits or FDs if you will.

Now, I wouldn’t even classify fixed deposits as investments. They’re more of a financial instrument where you place your money while waiting for investment opportunities.

Most of you may have heard of fixed deposits but I know for a fact that most Malaysian youths have their money in savings accounts. And they leave it at that. So instead of earning 3-4%, they earn that miserable 0.1 – 1% provided by most savings account.

And yes I know M2U savers gives you 2%.

Where can you place FDs?

I’d suggest going to your own bank and opening an online FD account. It is important to have an online account as it will save you time. You’ll be able to handle all fixed deposit placements and upliftments through the click of a button without having to be physically present be at a branch.

Treasury Notes and Bonds

Returns per annum: 4 to 6%

Before everyone starts making a fuss about how bond returns can go up to 8-9%, let me remind you that this article focuses on long-term and calculated investments in Malaysia, for the masses.

And the term used for high-risk, high return bonds is Junk Bonds.

Moving on, treasury notes are actually safer in comparison to fixed deposits because they’re issued by the government. However, they’re usually issued in the millions and not for most of us.

Bonds, if you don’t already know are a fixed income investment in which you, as the investor loan your money to a company. In the event that the company goes broke, you as the bondholder gets paid first, before the company’s shareholders.

In the past, the way I invested and put my money into bonds was through mutual funds via Fundsupermart. I’ve been told that they’ve recently started offering bonds right off the bat broken down into lower values ie. RM10,000. This makes it easier for the average Malaysian to get a piece of the bond action.

Gold and Silver

Returns per annum: N/A

Look, there’s no way I’m going to give you an estimate on the returns of trading in precious metal. One thing holds true, however, during times of uncertainty, the price of gold and silver goes up. They, therefore, serve as a good defensive asset.

If you time it correctly and buy them during economic booms, you’ll have an investment that will see you through the decades ahead.

Silver Coins

Personally, I chose to invest in silver years ago. The way I invested was by buying and collecting silver coins offered by various governments around the world. My favourite is the American Eagle and Canadian Maple coins. The Chinese Panda coins are also part of my collection.

My coins cost a total of RM2678 back when I purchased them in 2013 and in 2015. They’re now worth about RM2975. About RM95 each. Cheapest I found on Malaysian sites.

That’s about a 10% gain for me over 5 years. It’s nothing to shout about but I’ve seen my silver increase to 50-100% during recessions. Still, I don’t plan to dispose of them anytime soon.

Stocks

Returns per annum: 3-10%

Welcome to my neck of the woods.

Investing in stocks in Malaysia has always been viewed as a risky business. Why? Because Malaysians confuse investing with speculating.

In my personal, honest opinion, Dividend Investing is a really safe and sound way to invest and achieve financial independence.

Dividends are like the gift that keeps on giving because as the company you invest in grow and increases its profits, the dividends they pay out increases every year subsequently.

But guess what? You would have still paid that same RM10K initial capital and your dividend yield will continue to increase every year. A quick look at my portfolio – the Freedom Fund would show that sweet increment in dividends.

Of course, to enjoy these kinds of returns and yields, you’ll have to get some legwork in and pick only financially sound companies to invest in. And you’ll have to invest for the very long term. Think 10 – 30 years.

I’ve compiled a list of the Best Dividend Stocks in Malaysia here for your perusal.

Blue-Chip Defensive Stocks

Now, blue-chip defensive stocks like NESTLE are stable stocks you can hold for the rest of your lives. You’ll receive increasing dividends every year without ever having to work for it.

And because blue-chip companies are huge and stable by themselves, they won’t be as affected by the volatility of the market.

Another fine example would be investments in Malaysian banks. My  RM26,527.86 investment in Maybank alone since 2016 has brought in a total of RM4,685.36 in dividends alone. That’s a 17% return in passive income for me. I’m enjoying a 7% yield this year with Maybank and hope to see this value increase in the near future.

Real Estate Investment Trusts (REITs)

Another type of stocks that I always encourage beginners to invest in Malaysia are Real Estate Investment Trusts.

My all-time favourite Malaysian REIT right now is IGB REIT. They’re mainly in charge or Mid Valley Megamall and The Gardens.

The dividend yield from IGB REIT has skyrocketed to RM2,865.43 which translates to 7.09% for me this year.

My gross investment is RM40,417.74 (at RM1.3563 per share).

Market value (as of 9 Dec’18) is RM50,660.00 (at RM1.70 per share).

My capital gain is RM10,242.26 or 25.34%.

A comprehensive review of the company can be found hERE.

Real Estate

Returns per annum: 3-10%

Property. This is a tricky one for Malaysians.

The current mentality of Malaysians is to purchase your first residential real estate right off the bat. If your monthly salary is RM5K, get a home that’ll cost your RM4k in monthly repayments. They’ll tell you to hold on to that and in 10 years time, sell it and double your money.

This isn’t investing. This is speculation. A savvy investor would look to a property that can not only cover your monthly repayments but give you a positive net income every month.

And from what I’ve seen and from personal experience, the only two types of real estate that can give you positive returns right now are low-cost residences and commercial properties.

If you’re looking to buy and hold and bank on the real estate’s value skyrocketing, you’re better off purchasing a piece of land.

Low-cost Residences

I personally own 2 low-cost flats. How I manage and my returns are all detailed hERE.

TLDR: They net me a positive income every month. But they’re giving me a headache in terms of maintenance and tenant management. I’d rather have invested my money in REITs.

Commercial Real Estate

Specifically, shop lots and offices. Having companies and registered businesses as tenants is a much less risky affair compared to low-cost residential tenants.

The cons. You’ll have to fork out a huge sum to get yourself a commercial lot.

Unit Trusts and Mutual Funds

Returns per annum: 1-5%

I am for all intents and purposes anti Unit Trusts and Mutual Funds here in Malaysia. Why? Read this article here and you’ll come to realize how the exorbitant fees charged by funds in Malaysia will impact your financial wellbeing.

Private Retirement Schemes (PRS)

Nevertheless, I’d recommend investing and putting your money in Private Retirement Schemes. If you’re a Malaysian youth, you get an extra bonus from the government. If not, there’s always that extra tax-deductible afforded when you put your money into PRS. More on PRS hERE.

Robo-Advisors

You’ll also want to check out Stashaway. You pay much less fees compared to Unit Trusts and Mutual Funds. And you get access to the global markets.
Less fees!

More on Stashaway hERE.

P2P Lending

Returns per annum: 10-12%

Funding Societies

I’ll never recommend investments and services I wouldn’t use and/or purchase myself. I’ve put up some of my own funds and tried P2P lending with Funding Societies.

My experience and the review can be found hERE.

All you need to know about Peer to Peer Lending and Funding Societies can be found there. My annualised returns have reached 13.12% per annum.

Which actually beats the returns from my stock portfolio last year. Go figure.

The risk with P2P lending here in Malaysia isn’t high at all contrary to popular belief. It ranges in the 0.1 to 0.5% right now. The key is to diversify and place RM100 in 100 different loans, as opposed to RM1,000 in 10 loans.

End.

I’ve personally invested in all 7 of the aforementioned investment options here in Malaysia.

I’m sure many of you will have additional investments not listed above that you’ve put your money and faith in; Do drop me a comment letting me know what they are and why you think they’re investments worth considering.

I’m both excited and eager to hear what Malaysians invest in.

As always, due diligence on your own part is required when deciding to invest. I urge you again to invest and not speculate. Invest for the long term and invest in the fundamentals.

This has been a particularly long one. That’s what she said.

As always, thank you for reading! Follow me on Facebook and Instagram for weekly dividend updates!

Onwards and upwards!

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