Dividend Collected (April 2020)

Top Dividend Contribution (Last 12 Months)

Dividend Collected to Date

Dividend Collected in 2020

Dividend by Month (Last 5 Years)

Dividend collected for the month of April 2020: $0.08K

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Dividend (YTD): $3.56K

Average Monthly Dividend (YTD): $0.89K

Total Dividend Collected to Date: $95.39K

April was a drought for dividend payment. This was probably due to the deferment of AGM which eventually led to the delay of payment. I am expecting that the dividend collected this year to be lower compared to last year as companies are starting to cut distribution. But this does not mean that I will be changing my strategy anytime soon. Investing for dividend will still be my primary objective.

The US unemployment rate has hit the highest since WWII but the stock market has opened higher. All the results of 3 local banks are out and shows that challenging times are ahead. Q2 results will definitely be much worst but the prices are not falling. Probably these expectations had already been priced in so the prices did not move. The next best opportunity to enter will probably be after XD for the banks.

The focus for this week will probably be the collapsed of DLC SG5xShort SIA. Although I am not a trader and is not invested in any DLCs, it is still interesting to read about how the DLC 'airbag burst', and the contention about how the TERP derived by Societe Generale differs from SIA. Daily Leverage Certificates (DLCs) are Specified Investment Products (SIPs) which simply mean they are more complex retail investment products. To trade SIPs, you will also need to complete a Customer Account Review (CAR) and Customer Knowledge Assessment (CKA) form with your brokerage before you can trade. This really reinforces my thinking that to avoid anything that is too complex or do not understand. In summary, simple retail investor like me should just avoid SIPs.

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