Passive income at over S$24K per annum- Portfolio update of S$400K

With the dividends paid out ploughed back and capital growth over the last few years, I am heartened to see my Portfolio grew from S$200K in 2012 to the current S$414K size in 2018. It has been an amazing 5 years journey with many lessons in investment learnt along the way.  

Tweaks were made to the previous portfolio such as: 

• the removal of Telecom stocks due to the uncertain entry of TPG into the Singapore market by the end of the year; 
• selling off of Singapore Press Holdings due to disruption in its traditional advertisement revenue stream by online media;
• buying into the more defensive retail REITS such as SPH and Frasers Centrepoint Trust;
• accumulation  of commercial REIT Frasers Commercial as it is back on expansion path with  its maiden foray into United Kingdom;
• addition of growth stock Perennial Real Estate Investment Trust. The numerous project pipelines and building up of recurring income made this an undervalued stock;
• acquisition of Starhill Global REITS during the recent all time low selling price. The asset enhancement work completion at its overseas property should improve its net distributable income;  
• purchase of bank stock OCBC and then selling off  when sentiment improved for profit realization;
• purchase of Comfort Delgro below S$2 during the recent market low point and then selling off when its price recover.  

I no longer subscribe to the traditional buy and hold forever strategy advocated by many mainstream investors. Buying and selling at different market cycles is also important in capital preservation and realization of profits. Also, I learnt that one cannot time the market perfectly hence it is important to always have ready available cash on hand for immediate deployment in times of opportunity like the recent price correction of REITs.