“As it turns out, if you know why you bought a stock in the first place, you’ll automatically have a better idea of when to say good-bye to it.”
– Peter Lynch, One Up On Wall Street: How to Use What You Already Know to Make Money in the Market
I was grateful to be reminded of the above from a post in InvestingNote – “When do sell a stock?”. In the current volatile market caused by the numerous uncertainties, I decided to write a brief to remind myself of the reason why I buy each counter. These I hope will help me to make a better decision when I deliberate on buying and selling.
So here we I go with my income counters. In my next post, I will share on my growth counters.
| Counter | Position | Reason for buying | First bought | Avg Price* |
| DBS | 7.1% | A leading bank and am impressed by clarity of CEO’s thoughts when i viewed the latest AGM. Consistent/ growing dividend supported by growth. | Feb 2020 | $21.28 |
| Parkwaylife REIT | 6.6% | Healthcare would continue to be a necessity in years to come. Good properties and first mover for Japan nursing homes. Stable and increasing dividend. | Sep 2015 | $2.41 |
| Micro-Mechanics | 5.6% | Riding on the rise in use of technology in the coming years with diversified customers. Shareholder friendly with increasing dividend. | Oct 2019 | $1.82 |
| Mapletree Industrial Trust | 5.2% | Continued transformation to hi-tech buildings and increasing percentage of portfolio in data centres which are necessity for many years. | Jan 2018 | $2.03 |
| OCBC | 4.9% | Growing wealth management presence with an insurance arm. Sustainable dividend. | Oct 2018 | $10.02 |
| Frasers Centrepoint Trust | 4.6% | Own good and large neighbourhood retail malls Causeway Point, North Point, Waterway Point. Stable dividend. | Jun 2016 | $2.09 |
| Mapletree Commercial Trust | 4.6% | Good location for properties at Harbour Front and should benefit from its development in the coming decade. | Aug 2017 | $1.84 |
| Venture | 4.4% | Among the largest 15 electronic manufacturing services company in the world. Good profit margin with diversified customers. Stable/growing dividend. | Nov 2019 | $15.76 |
| Ascendas REIT | 4.0% | Industry leader with diversified portfolio. Stable dividend. | Jan 2020 | $2.95 |
| Capitaland China Retail Trust | 3.6% | Early mover in China Retail Reit. Capable management that has enhanced assets’ values. | Feb 2019 | $1.42 |
| Keppel DC REIT | 2.0% | Data centre is a necessity in the years to come. Stable/growing dividend. | Apr 2019 | $1.58 |
| HRnetGroup | 1.6% | Cash rich with growth potential that should allow it to sustain its dividend. | Oct 2018 | $0.72 |
| IREIT Global | 1.2% | European REIT that seems to be doing alright over the past few years. So should be able to sustain its dividend. | Jun 2020 | $0.76 |
| UMS | 1.2% | Riding on the rise in use of technology in the coming years. Successfully turnaround JEP. Consistent with paying out dividend. | Jun 2020 | $0.94 |
*This differs from my new portfolio’s price which is based on 31 Dec 2019 closing
Towards Financial Independence 