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2024-Stock Dividend Investment (Year One)
In 2020, as the shadow of the epidemic enveloped the globe, I made a decision that many considered bold - I resigned from the stable government regional clinic job, and chose to join a private hospital in Kuching, Sarawak as a pharmacist.
Although the pace of work at the private hospital is quite hectic, the hospital provides quite good benefits to employees in the initial stage. Especially in the first few years, at the year-end, the hospital would give each employee a relatively generous bonus. This extra reward not only serves as recognition for everyone's hard work but also becomes a motivation for us to look forward to the year-end. For me, this is also a completely new experience, considering that during my time as a government civil servant, I never enjoyed similar treatment.
However, over the past two years, the situation has quietly changed. For some unknown reason, the hospital suddenly stopped the distribution of the year-end bonus, without any prior notice or explanation. This unexpected turn of events caught many medical staff off guard, and raised significant complaints and dissatisfaction. Especially for colleagues with lower incomes, the year-end bonus is not just a reward, but also an important source of income used to cover household expenses each year.
The cancellation of the year-end bonuses undoubtedly increases the financial pressure on many families. Under the impact of the epidemic, the cost of living continues to rise, while salary increases have not shown significant improvement. The cancellation of the year-end bonuses adds insult to injury. Many colleagues have started to feel disappointed in the hospital's decisions, and a atmosphere of complaints is gradually spreading among medical staff. Although most people still hold their positions, the evident emotional downturn is undeniable.
In the process, I also began to reflect on my financial planning and future goals. Since the bonuses from the hospital are not stable, relying entirely on them is clearly not a long-term plan. Therefore, I have the idea of exploring a dividend investment strategy. Instead of waiting for external rewards, it is better to actively create passive income sources of my own, and establish a stable investment portfolio.
In previous articles, I mentioned my investment performance in recent years - frankly, describing it as "poor" is not an overstatement. Now, I have started to try dividend investments. Although I am still in the stage of cultivation and sowing, I am far from becoming an investment expert like Buffett. In order to better control my finances, I have detailed the monthly income and expenses. After deducting all necessary living expenses, including mortgage, household expenses, gasoline, phone bills, internet fees, as well as utilities, I invest 80% of the remaining income in high-dividend stocks, gradually establishing a stable passive income source. The remaining small part is used for my own food and entertainment expenses.
Fortunately, this year I used the tools of the moomoo platform to quickly organize a list of high-dividend stocks. This has greatly improved my screening efficiency and helped me more selectively choose dividend stocks that suit me. In March of this year, I invested in Public Storage ( $PAVREIT (5212.MY)$ ), and regarded it as the cornerstone of my portfolio. Public Storage's stable performance has provided a reliable foundation income for my portfolio, making me more confident in the potential of dividend investments.
In addition to holding BaoSteel's annual production trustee, I have also been gradually increasing my holdings in several symbols to further diversify the investment portfolio's risk, including Industrial Bank ( $RHBBANK (1066.MY)$ ), Keck Seng Investments (REITs, $CLMT (5180.MY)$ ), and Yuqike Technology ( $UCHITEC (7100.MY)$ ）。
In the process of investment, it is inevitable to face some market volatility challenges. Fortunately, I decisively sold several stocks that may seriously drag down the portfolio before the big drop, including GENM, CEB, and DXN. These timely stop-loss decisions prevented my portfolio from suffering greater losses. Looking back, these actions were undoubtedly correct, after all, if I failed to exit the market at the right time, the impact on the entire portfolio could far exceed my tolerance level.
In summary, I am satisfied with this year's investment performance. Although the current dividend income is only a measly two thousand Ringgit, averaging only 170 Ringgit of passive income per month, this is just the beginning. I believe that with the passage of time and continuous optimization of the portfolio, next year's dividend income will better demonstrate the overall strength of the portfolio. The investment journey of this year has taught me a lot and has also strengthened my belief in focusing on dividend investments. Through patient cultivation and meticulous management, I look forward to a more robust return from the future portfolio, gradually moving towards the goal of financial freedom.
Wishing everyone a prosperous Year of the Snake and may all your endeavors be successful! May we all continue to persist, grow, and embrace a time of abundant harvest in the new year!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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JQ9555 : Congratulations! I'm also very envious that your hard work has paid off! I've also only been in contact for a few months. I hope I can rely on my own efforts to get some extra income to help my family, and work hard together
Bullish-M : great write up Jason. this is value added knowledge for anyone who wants to do long term investment and gradually increase their incomes through dividends stocks
胡空 HuKong : The article is very well written
JASONCY93 OP 胡空 HuKong : Thank you for your kindness.
103510971桃园三结义 : With inflation, many people's provident funds are not enough to maintain a decent life after retirement, so investing in Stocks to earn dividends is a good way. Losses are a way of learning, while gains represent additional income.
winson goh : It's really amazing.
erickheng4747 : awesome
103668205 : What price did u buy PAVREIT at in Mar?
晓隐 : Hello, as a beginner, I would like some advice on how to use the moomoo tool to find the High Dividend List. Thank you.
JASONCY93 OP 晓隐 : Market> Msia>dividend
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