It’s the ASX stock reporting time and loads of dividends have been declared - this has been the best “season” for dividends - and this year is no exception. I have been virtually living on dividends last few weeks with companies like banks, gaming companies, retail companies all declaring the dividends - and the surprising high yield nature of tech and biotech stocks are also very welcomed!
The REITs continue to lag, and their dividends have been washing down the toilet this year.
I recall this time 2 years - I had 35% of my entire portfolio tied on REITs, as they have been fantastic - and I had that for many many years - and constantly getting between $6000 to $15000 a year just from REITs - this used to be my best passive income source.
With the REITs sector completely smashed - but on the way crawling back - I am finding difficult to find the “Replacement Sector” - thanks to tech stocks in Australia, I have now managed to rebuild my portfolio back to 7% yield across the board.
But I think REITs will be climbing back - and with so many now around 10% yield, it is possible to include some of them and improve the overall portfolio to 8% yield - the current interest rate is around 5%, that’s a 3% positive gearing already!
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