August Updates + OCBC 360 Account

If you compare the Market Value from last month and Market Value of my portfolio this month, there would be a decrease of -1.7%. This drop is attributed to realizing the losses from NOL. :(

I went to OCBC bank to sign up for the much touted OCBC 360 account promising 3.05% per annum  (up to 50K SGD of deposit) if 3 categories are fulfilled. That would be $1,525 worth of interest per annum! I have already deposit 10K into this account. Going to slowly fill it up to 50K soon. :)

Dividend Payout for this month:
M1 - $70
Starhub - $50
Sheng Siong - $60
Total = $180

Holding	Position	Market Value
M1	1000	$3,800
Sheng Siong	8000	$5,600
Soilbuild Biz REIT	4000	$3,160
OUE HT	2000	$1,800
AimsAmp Cap REIT	1000	$1,465
Ascendas HT	2000	$1,440
Starhub	1000	$4,150
Total		$21,415

*As of 29th August 2014 in Singapore Dollars above

Divest NOL

Today I've divested from NOL after almost 2 years. I've made a loss of 1K and have vested the proceeds into Sheng Siong to increase my holdings with them.

There are some lessons I've learnt from holding NOL (applies to me but may not be applicable to other people):

• Never invest in an industry that I do not understand well.
• Never buy stocks that do not give dividends.
• Never hold on to a stock for too long, hoping that it will rebound if I have better opportunities to generate returns elsewhere.
• There are more people in forums interested in discussing about a stock that is not doing well than those that are doing well and gives good dividend yield.