February flew by just like that. Did not make any trade this month as there is no incoming dividends and income from my side hustle only came in today.
Probably will add into Venture or another counter next week depending on the price movements.
As usual, 25% of my side hustle income goes to my SA top up which I just did.
Another 25% for discretionary spending and balanced 50% for investment.
Unless there is a compelling buy that requires bigger amount to execute (e.g. position sizing purpose, good DCA opportunity, etc), my monthly investment funds will only come from the side income and dividends reinvestment.
This strategy has been working for me so far and will continue to be employed moving forward. On this front, projected amount to be invested this year should be around S$22,000, not including any ad hoc investment amount from my main fund.
Recent financial results released by the companies in my local portfolio have been generally good. I like what I see from SingTel, DBS and OCBC. However I was perplexed and slightly disappointed by the latter's cut in ordinary dividend.
A drop in ordinary dividend is never a good thing and the negativity surrounding it can barely be masked by the declaration of the special dividend. At least this is the feeling that I have.
I rather they hand out the same ordinary dividend and proportionate the special dividend accordingly.
Anyway I look forward to March which should be a bumper month of dividends incoming.
Have a great weekend everyone.
