Its the end of 2014, let's just do a little checkpoint to see how much am I closer to my target :) I started building my portfolio in Oct 2014. So only 3 months of results.
STI vs my portfolio:
Portfolio by stocks:
Portfolio by sector:
|Target||Targetted Portfolio size||Targetted Monthly dividends||Period||Yearly CON||Dividends Reinvested|
Total dividend is $450
Dividend per month is $450/3 (pro-rated) = $150
My worst performer is UMS Holdings (-5.3%). This stock pays consistently good dividend but its quite volatile as I noticed that their CEO disposed his shares quite frequently and Applied Materials which is their major customer and investor also disposed its share quite recently. This may be the reason of the volatility.
My best performer so far is Asian Pay TV trust (4.9%). Maybe its because I bought it at a good price during Oct 2014 when market was in a bear mode.
Overall, my portfolio still ends positive in 2014. Maybe that's the benefit of diversification. My risks are spread out throughout my list of stocks. However, diversification is also a double-edged sword. It will also not amplify your winning too. Your results will not be the best and not be the worst, somewhere in between. That's something you have to give and take too.
At end of 2014, I already invested close to $39,000 and receive monthly dividend of $150. Based on the projection of my expected annual dividend of this current portfolio, I should be getting around $3,600 which is about $300 per month. So I am almost half way there. If I continue to follow my strategy of allocating $5000 each month to buy high dividend stocks and assuming no hiccups or unforseen circumstances, I should be able to meet my 1st target with ease :)