Sold: NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver

 

Sold 2124 shares of NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver at $1.139 on 28 Jul.

Total profit: $84.44 (3.54%) in 1 year.

Reason for selling:

POSB Cashback Bonus account only recognize first 12 months of investment transaction

Bought NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver is due to fulfilling the requirement needed by POSB Cashback Bonus / DBS Multiplier in order to earn more interest.

Read here for "Switched from DBS Multiplier to POSB Cashback Bonus account" & "Earned 14x more cashback in POSB Cashback Bonus than in DBS Multiplier".

Well, given that POSB Cashback bonus rebate you back 3% of your monthly investment amount, this requirement is still very juicy (Note: My total profit of $62.01 stated above exclude all the 3% rebate I earned via POSB Cashback bonus).

Since I am able to fulfil 3 categories (Salary + CC Spend + Home Loan) at this moment, I am not in hurry to switch to a new investment at this moment.

Read here for "How I reduce my POSB fixed 1.4% home loan to 0.85% via POSB cashback bonus"

Related post:

1) Switched from DBS Multiplier to POSB Cashback Bonus account

2) Earned 14x more cashback in POSB Cashback Bonus than in DBS Multiplier

3) How I reduce my POSB fixed 1.4% home loan to 0.85% via POSB cashback bonus

Switched from DBS Multiplier to POSB Cashback Bonus account

For the last few months, the interest rate for our saving account had been dropping.

This is mainly due to FED had decreased the interest rate.

This near zero interest rate will likely remain till 2022 (Link).


Given that stock market had also taken a hit in the last few months, I had used almost near 100% of my warchest kept in DBS Multiplier account to buy stocks such as HongKong Land, UIC, ComfortDelGro and ST Engineering.


As such, if I were to continue to remain in DBS Multiplier account, the interest amount i will be receiving for the month of Aug 2020 will be less than $1.


Thus, I made a switch from DBS Multiplier to POSB Cashback Bonus account on 8 Aug 2020 in order to maintain similar interest amount i had been receiving via DBS Multiplier.




The categories are similar in both DBS Multiplier and POSB Cashback Bonus account thou.

The main diff is DBS Multiplier award your interest rate based on your Transactions amount + Multiplier account balance vs POSB Cashback Bonus just based on your Transactions amount.

DBS Multiplier

POSB Cashback Bonus

Why POSB Cashback Bonus account instead of DBS Multiplier?
POSB Cashback Bonus account will be good for those like me who are low in saving currently.


Can I join both POSB Cashback Bonus and DBS Multiplier program?
Nope. You can only join 1 program.


How do i make a switch from DBS Multiplier to POSB Cashback Bonus and vice versa?
Log in to your ibanking account -> Request -> More Request -> Switch Bank & Earn Programme
The switch is instant.

More questions?
Refer to POSB Cashback Bonus FAQ



Oct Update: Decision was right to make the switch (Link) based on bonus statement received for Aug & Sep


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6) Earned 14x more cashback in POSB Cashback Bonus than in DBS Multiplier

7) New milestone - $300,000 portfolio

How I reduce my POSB fixed 1.4% home loan to 0.85% via POSB cashback bonus

 

I refinanced my HDB loan from CPF 2.6% pa to POSB Fixed 5 years 1.4% pa home loan early this year.

Majority of the people heard of DBS Multiplier account instead of POSB Cashback Bonus account.

I had switched over from DBS Multiplier account to POSB Cashback Bonus account in Aug 2020 and had been received alot higher "interest/cashback" monthly amount now. 

Only regret is why I did not make the switch earlier.

If you would like to know more about POSB Cashback Bonus account and what the difference between Multiplier vs Cashback account, you can click here to refer to my Aug 2020 post.

The focus in this post is receiving 3% cashback on your monthly housing loan repayment in Cash/CPF, as long as you can meet 3 or more of the below activities.

My monthly interest rate for my $100k++ outstanding loan is roughly $153.36.

To maximum this 3% cashback benefit. your repayment amount should be $1,000 per month as there is a cap of $30 cashback.

As long as your names are in the loan contract, you will be eligible for this.

In my case, myself and wife receive $30 each (Total $60) per month in our POSB cashback bonus.

This amount is equivalent to 39% ($60 out of $153.36). 

This is how I reduce my POSB fixed 1.4% home loan to 0.85% via POSB cashback bonus.

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3) Saved 30% electricity bill by switching out from SP Group - Open Electricity Market (OEM)

4) Hottest topic : Open Electricity Market (OEM)

5) Home renovation regrets that costs you thousands of dollars

6) HDB BTO Key Collection

7) Why you should sign up for NTUC Union membership now........

8) 33 financial tips for my 33rd Birthday

9) New milestone - $300,000 portfolio

10) SOLD: Bitcoin & Added: Dogecoin

11) Added: Tiger Brokers

Earned 14x more cashback in POSB Cashback Bonus than in DBS Multiplier

Since switching over from DBS Multiplier to POSB Cashback Bonus on 8 Aug 2020, I had received the POSB Cashback Bonus amount in Aug & Sep.

I blogged why I made the switch here (Link).

My cashback amount would have been around 14x lower if I were to remain in DBS Multiplier.

 

You can calculate your potential cashback amount via DBS Multiplier & POSB Cashback Bonus calculator in their website to see which program will give you higher amount.

Related post:

1) Why you should sign up for NTUC Union membership now........

2) 33 financial tips for my 33rd Birthday

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4) Switched from DBS Multiplier to POSB Cashback Bonus account

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Summary of my portfolio - Sep 2020

Mr CDxD portfolio

No.	Counters	No. of Shares
1	First REIT	48,000
2	HongKongLand USD	21,200
3	ST Engineering	20,000
4	ComfortDelGro	27,000
5	UIC	11,300

6	Keppel Corp	6,000
7	NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver	354

• $1,000 of ST Engineering dividend payout on 02 Sep (5cents/share)
• Bought 176 shares of NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver at $1.14 (Cost $199.85)
• $211.20 of First REIT dividend payout on 25 Sep (0.44cents/share)
• Bought 13,000 shares of ComfortDelGro on 29 Sep at $1.43 (Link)

Mrs CDxD portfolio

No.	Counters	No. of Shares
1	STI ETF via POSB invest Saver	1121

Apr 2020: 185 shares at $2.69                Cost: $498.37

May 2020: 190 shares at $2.63               Cost: $498.87 

Jun 2020: 182 shares at $2.75                Cost: $499.96 

Jul 2020: 183 shares at $2.72                 Cost: $497.37 
Aug 2020: 188 shares at $2.65               Cost: $498.17 

Sep 2020: 193 shares at $2.58               Cost: $497.48

• $36.87 of STI ETF dividend payout on 17 Jul (6.62 cents /share) for 557 shares

You have less than 24 days to lock in 62yo as your withdrawal age for SRS account

If you want to be able to withdraw your money from your SRS account at 62 years old, you must make your first contribution to your SRS account latest by 31 Dec 2021.

What is SRS account?

The Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief. Investment returns are tax-free before withdrawal and only 50% of the withdrawals from SRS are taxable at retirement.

What happen if I open SRS account AFTER 1 Jan 2022 onward?

SRS account follow the statutory age of retirement at the point of your first contribution to your SRS account.

The statutory age of retirement in 2021 is 62 years old

The statutory age of retirement in 2022 is 63 years old

The statutory age of retirement by 2030 is 65 years old

This was announced in National Rally 2019 (Link)

How much is needed?

$1

How much time is needed to open SRS account?

Less than 2 mins for me via POSB ibanking.

You can open your SRS account with DBS/POSB, UOB or OCBC

Step 1: Login to your POSB ibanking

Step 2: Click on "Apply" -> "Supplementary Retirement Scheme (SRS)"

Step 3: Click "Instant Apply"

Step 4: Select from the dropdown list for "Reference Account for Signature" and "Debiting Account"

             Ensure your "Contribution Amount" is minimally S$1 in order to lock your retirement age.

            Click "I Acknowledge................" in My Details

            Click Next button

Step 5: Click Submit once you verified your information in "2. Verify Details"

Step 6: Congratulation. Your SRS Account has been opened

Related post:

1) CPF MRSS: dollar for dollar matching up till $3,000

2) Done for 2020 CPF Retirement Sum Topping-up (RSTU). How about you?

Summary of my portfolio - Aug 2020

Mr CDxD portfolio

No.	Counters	No. of Shares
1	First REIT	48,000
2	HongKongLand USD	21,200
3	ST Engineering	20,000
4	ComfortDelGro	14,000
5	UIC	11,300

6	Keppel Corp	6,000
7	NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver	178

• Bought 1,700 shares of HongKongLand on 4 Aug at USD3.73 (Link)
• $1,000 of ST Engineering dividend declared on 14 Aug (5cents/share), payout on 2 Sep
• Bought 178 shares of NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver at $1.12 (Cost: $199.18)
• Bought 6,000 shares of Keppel Corp on 26 Aug at $4.60 (Link)

Mrs CDxD portfolio

No.	Counters	No. of Shares
1	STI ETF via POSB invest Saver	928

Apr 2020: 185 shares at $2.67                Cost: $498.37 (with $4.42 sales charge)

May 2020: 190 shares at $2.604             Cost: $498.87 (with $4.11 sales charge)

Jun 2020: 182 shares at $2.725              Cost: $499.96 (with $4.10 sales charge)

Jul 2020: 183 shares at $2.695               Cost: $497.37 (with $4.10 sales charge)
Aug 2020: 188 shares at $2.628             Cost: $498.17 (with $4.08 sales charge)

• $36.87 of STI ETF dividend payout on 17 Jul (6.62 cents /share) for 557 shares

Summary of my portfolio - Oct 2020

 Mr CDxD portfolio

No.	Counters	No. of Shares
1	First REIT	48,000
2	HongKongLand USD	21,200
3	Frasers Centrepoint Trust	30,000
4	ComfortDelGro	27,000
5	UIC	11,300

6	Keppel Corp	6,000
7	NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver	536

• Sold 20,000 shares of ST Engineering on 07 Oct at $3.56. Total profit of $7617.01 (11.5%) in less than 5 months (Link)
• Bought 30,000 shares of Fraser Centrepoint Trust on 08 Oct at $2.34 (Link)
• S$1,710.11 of HongKongLand dividend payout on 16 Oct (USD6cents/share)
• Bought 182 shares of NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver at $1.10 (Cost $199.47)

Mrs CDxD portfolio

No.	Counters	No. of Shares
1	STI ETF via POSB invest Saver	1312

Apr 2020: 185 shares at $2.69                Cost: $498.37

May 2020: 190 shares at $2.63               Cost: $498.87 

Jun 2020: 182 shares at $2.75                Cost: $499.96 

Jul 2020: 183 shares at $2.72                 Cost: $497.37 
Aug 2020: 188 shares at $2.65               Cost: $498.17 

Sep 2020: 193 shares at $2.58               Cost: $497.48

Oct 2020: 191 shares at $2.62                Cost: $499.57

• $36.87 of STI ETF dividend payout on 17 Jul (6.62 cents /share) for 557 shares

Summary of my portfolio - Mar 2021

    Mr CDxD portfolio

No.	Counters	No. of Shares
1	Fortune REIT (HK778)	17,000
2	HongKongLand USD	21,200
3	Frasers Centrepoint Trust	30,000
4	ComfortDelGro	45,600
5	AIMS APAC REIT	9,000

6	NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver	1,423
7	Ascendas REIT	3,100

• Bought 3,100 shares of Ascendas REIT on 8 Mar at $2.91 (Link)
• USD3392 of HongKongLand dividend declared on 11 Mar, payout on 12 May
• HKD 4,175.20 of Fortune REIT dividend payout on 18 Mar (HKD24.56cents/share)
• $184.50 of AIMS APAC REIT dividend payout on 19 Mar (2.05 cents /share)
• Bought 178 shares of NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver at $1.11 (Cost: $198.36)

Mrs CDxD portfolio

No.	Counters	No. of Shares
1	STI ETF via POSB invest Saver	2141

Apr 2020: 185 shares at $2.69                Cost: $498.37

May 2020: 190 shares at $2.63               Cost: $498.87 

Jun 2020: 182 shares at $2.75                Cost: $499.96 

Jul 2020: 183 shares at $2.72                 Cost: $497.37 
Aug 2020: 188 shares at $2.65               Cost: $498.17 

Sep 2020: 193 shares at $2.58               Cost: $497.48

Oct 2020: 191 shares at $2.62                Cost: $499.57

Nov 2020: 175 shares at $2.83                Cost: $499.54

Dec 2020: 168 shares at $2.95                Cost: $499.21

Jan 2021: 163 shares at $3.04                Cost: $495.90

Feb 2021: 166 shares at $3.00                Cost: $497.18

Mar 2021: 157 shares at $3.14                Cost: $495.90

• $36.87 of STI ETF dividend payout on 17 Jul (6.62 cents /share) for 557 shares
• $91.19 of STI ETF dividend payout on 19 Jan (5.51 cents /share) for 1655 shares

Summary of my portfolio - Dec 2020

 Mr CDxD portfolio

No.	Counters	No. of Shares
1	First REIT	75,300
2	HongKongLand USD	21,200
3	Frasers Centrepoint Trust	30,000
4	ComfortDelGro	27,000
5	AIMS APAC REIT	9,000

6	Keppel Corp	6,000
7	NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver	893

• $484.80 of First REIT dividend payout on 23 Dec (1.01cents/share)
• Increased my FIRST REIT from 48,000 shares to 75,300 shares on 31 Dec (Link) 
• Bought 177 shares of NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver at $1.12 (Cost $198.36)

Mrs CDxD portfolio

No.	Counters	No. of Shares
1	STI ETF via POSB invest Saver	1655

Apr 2020: 185 shares at $2.69                Cost: $498.37

May 2020: 190 shares at $2.63               Cost: $498.87 

Jun 2020: 182 shares at $2.75                Cost: $499.96 

Jul 2020: 183 shares at $2.72                 Cost: $497.37 
Aug 2020: 188 shares at $2.65               Cost: $498.17 

Sep 2020: 193 shares at $2.58               Cost: $497.48

Oct 2020: 191 shares at $2.62                Cost: $499.57

Nov 2020: 175 shares at $2.83                Cost: $499.54

Dec 2020: 168 shares at $2.95                Cost: $499.21

• $36.87 of STI ETF dividend payout on 17 Jul (6.62 cents /share) for 557 shares

Summary of my portfolio - Jan 2021

  Mr CDxD portfolio

No.	Counters	No. of Shares
1	Fortune REIT (HK778)	17,000
2	HongKongLand USD	21,200
3	Frasers Centrepoint Trust	30,000
4	ComfortDelGro	27,000
5	AIMS APAC REIT	9,000

6	Keppel Corp	6,000
7	NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver	1067

• FIRST REIT: 75,300 -> 0 shares (Part 2) (Link)
• FIRST REIT: Buy & Sold 83,200 shares within 3 days (Part 3) (Link)
• Bought 17,000 shares of Fortune REIT (HK778) on 18 Jan at HKD7.14 (Link)
• $420 of Keppel Corp dividend declared on 28 Jan (7cents/share), payout on 11 May
• $184.50 of AIMS APAC REIT dividend declared on 28 Jan (2.05cents/share), payout on 19 Mar
• Bought 174 shares of NikkoAM-StraitsTrading Asia Ex Japan Reit via POSB Invest Saver at $1.14 (Cost: $198.36)

Mrs CDxD portfolio

No.	Counters	No. of Shares
1	STI ETF via POSB invest Saver	1818

Apr 2020: 185 shares at $2.69                Cost: $498.37

May 2020: 190 shares at $2.63               Cost: $498.87 

Jun 2020: 182 shares at $2.75                Cost: $499.96 

Jul 2020: 183 shares at $2.72                 Cost: $497.37 
Aug 2020: 188 shares at $2.65               Cost: $498.17 

Sep 2020: 193 shares at $2.58               Cost: $497.48

Oct 2020: 191 shares at $2.62                Cost: $499.57

Nov 2020: 175 shares at $2.83                Cost: $499.54

Dec 2020: 168 shares at $2.95                Cost: $499.21

Jan 2021: 163 shares at $3.04                Cost: $495.90

• $36.87 of STI ETF dividend payout on 17 Jul (6.62 cents /share) for 557 shares
• $91.19 of STI ETF dividend payout on 19 Jan (5.51 cents /share) for 1655 shares