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Monday, 23 January 2012

Golden goose killed and striking gold


In the first two weeks of January, two stocks l have sold off already announced their dividend payment details - Suntec Reit and FSL Trust.



I have killed the golden(-egg) goose on Suntec as l could have collected a higher dividend amount by another $73.94 if l have waited for it to go ex-dividend on 31 January.  I could still get into Suntec if the price is right (say, below $1.12) before it goes ex-dividend in a week's time.

The move to sell into strength on FSL Trust and with its assumed interim dividend rate same as in year 2011 was rewarding.  I have escaped its much lower dividend rate announced by $186.60 on 21 lots. 

Bought into FSL again last Friday in a hasty and reckless manner; l have wrongly thought that its actual dividend rate is $0.01 when its correct rate is at $0.001 per share!  I will now target to sell it at break-even then. 

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