MoneyLab

CPF: $304,500 (-$79,000) The large drop in CPF was due to a downpayment for my  resale   HDB flat. Cash: $264,800  (+ $300 ) Consists of a combination of: Cash in UOB One, OCBC360 and DBS Multiplier Money market fund in robo cash management A small amount in SRS, awaiting allocation into Endowus ETFs: $111,100 (-$2,400) Both CSPX and QQQM moderated in 3Q23. Endowus: $130,800 (+17,300) My DCA portfolio for international exposure and tilt toward small cap, value, profitability and momentum. The portfolio consists Dimensional US Core Equity (25% of DCA amount) Global Core Equity  (25%) Global Targeted Value  (17%) Emerging Market Large Cap  (8%) Pacific Basin  (8%) Endowus 80% Equity 20% Bond managed portfolio (17%) Gain consists of capital injection of $18K and capital loss of $700 SG Stocks: 54,800  (-$1,900) Individual stocks with focus on dividend-paying companies. Most were purchased during my early foray into investing. Will reduce my exposure ...

Dividend investing is a popular strategy for many investors who are looking to generate passive income. The idea of receiving regular cash payments from your investments is appealing but the concept of dividend investing is based on a behavioural error where investors incorrectly treat dividends as free money that is disconnected from capital value or share prices - a phenomenon known as the Free Dividend Fallacy   ( Hartzmark et al., 2018 ). The Dividend Disconnect To begin, it's crucial to have a clear understanding of what dividends truly represent. At its core, dividends reflect the capital allocation decision made by company's management on how to deploy their earnings. They constitute payments made by a company to its shareholders from a portion of its profits, typically disbursed in the form of cash or additional shares of stock. These payments are typically paid regularly, often on quarterly basis. Dividend investors view this as companies paying out "free money...