To The Moon

🌟🌟🌟My primary goal in investing is FIRE - Financial Independence Retire Early.  I seek to invest in a portfolio of shares in companies that have wide moats, have solid fundamentals and pay steady dividends which will provide me with a passive source of income so that I can be free to pursuit my travels around the world.

I use a Core and Satellite approach in investing.  The core of my portfolio consists of lower risk investments, long term investments and low costs investments like low cost index fund ETFs. 

So my Core portfolio consists of large and established blue chip shares, ETFs, and dividend shares.  I also like to dollar cost average into my Core portfolio too. 

My Satellite portfolio is my Tactical play on shares that are higher risk, more volatile and short term positions. 

The winners in my Core portfolio are........ Drumroll.... The 3 Singapore Banks, $DBS GROUP HOLDINGS LTD(D05.SI)$ $OVERSEA-CHINESE BANKING CORP(O39.SI)$ 

and $UNITED OVERSEAS BANK LIMITED(U11.SI)$ 

All 3 banks had reported record profits for the 1st half 2023 with DBS leading the charge.  DBS's net profit for 1st quarter 2023 rose 43% from a year ago to a record SGD 2.57 billion.  Total income grew 34% to SGD 4.94 billion as net interest margin rose 66 basis points and business momentum was sustained.  DBS also paid a dividend yield of 6% which includes a special dividend. 

My dividends collected from OCBC was 5.3% and UOB was 4.7%.  All 3 Singapore banks have wide moat due to their extensive network and excellent management team. 

I also have a multi bagger from my investment in $PROPNEX LIMITED(OYY.SI)$  .  I am up 153%.  Propnex stands for Property Network for Excellence.  It is the largest Real Estate Agency in Singapore with almost 12,000 agents and still growing.  Propnex has rewarded me also with excellent dividends.  The current dividend yield is 10%.  Propnex has also issues one for one bonus share for investors.  Its 4Q2022 net profit is up 23% and its revenue surpasses SGD 1 billion in FY2022 despite uncertainty in the economy and the Feds interest rates hikes.  Propnex is the market leader in real estate brokerage and has a wide moat due to its large number of agents.  In land scarce Singapore, property prices are in an upward trend. 

As part of my Core Portfolio, I am long on $STI ETF(ES3.SI)$ 

I am up 15% on the Straits Times ETF.  It represents 30 of Singapore's strongest and largest blue chip companies.  The current dividend yield is 3.35%.

My best performing Singapore Reit is Capitaland Ascott Trust.  I am up 25% with the surge in world wide travel.  Ascott Trust is the largest lodging trust in Asia Pacific with an asset value of SGD 8 billion as at 31 December 2022.  It has 105 properties in 47 cities across 15 countries in Asia Pacific.   Ascott Trust pays me a dividend yield of 5%.

My best performing ETF is XLE ETF.  I am up 42% ever since I bought it prior to the Ukrainian war.   The recent deep cuts in oil production  by OPEC and the growing demand for oil especially in air travel and the ban on Russian oil by US and its allies have helped sustain the increase in XLE ETF share price.   XLE ETF also pays me a juicy dividend of 3.8% which I receive every 3 months. 

Investing is not about making fast money overnight.  It is a slow and steady process of buying quality stocks and holding them long term.  It's patience and time in the market that counts, and not timing the market.   In the meantime, I love the dividends that I collect which help me to fund my travels around the world.  Life is too short to just work.  It is embracing the opportunity and freedom to live it to the fullest with prudent investing. 

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