Been a while since my last blog post.
Hope everyone is staying calm as stock markets crash around the world.
I produced a video last night which I hope helped to calm some nerves.
Here is the link,
I do enjoy buying things when there is a sale.
I am dipping into my war chest and nibbling at OCBC and Alibaba
OCBC because I think it is still the cheapest amongst the three banks.
Annualising the regular dividend gives me a 5.5% yield.
Based on a 50% payout ratio, this is attractive to me.
Of course, there is also a special dividend on top of this but that is a bonus to me.
As for Alibaba, I have made videos on this and why I thought there was a good chance of seeing HK$160 per share again.
So, I added to my position as its price plunged to around HK$110 per share.
I will probably add if it goes to HK$100 per share as that is where I see a major support.
I always say we can never be too sure and that is why we need insurance.
A war chest is insurance.
Insurance has a cost.
In the case of a war chest, opportunity cost.
Some people don’t like paying for insurance and prefer not to have it.
Well, different strokes.
As for my 1Q 2025 passive income, it amounted to $37,008.44.
This is a slight reduction from a year ago primarily because of a reduction in exposure to Sabana REIT.
Contribution from CLCT also reduced this year as China struggles to recover.
The reduction amounted to $2,000 or so which isn’t a tragedy, to be sure.
However, I am aware that I will probably see a larger reduction next year as I expect lower contribution from IREIT as their Berlin property is being repositioned.
The expected higher dividends from DBS, OCBC and UOB should provide some relief as they form almost 50% of my portfolio collectively.
In closing, I apologize for not replying to comments as I do not have the mental or emotional capacity with stuff that has been going on in my life these few weeks.
All of us should have a plan, our own plan.
If AK can do it, so can you.
