Portfolio Tidy-Up: Sold Yanlord Land, Picked Up UOB at $35.20

Oh my, 2025! Time sure does fly! My expenditures have increased significantly as a result of the fact that both of my children have grown up. The monthly cost of enrolling them in outdoor activities and paying tuition fees, both online and offline, has been approximately $1000. I paid off my last HDB loan in full in Q1, but I also had to pay $4,000 in income taxes. I didn’t have much money, but my family really wanted to go on vacation to Japan in October of this year. Thus, I was forced to examine my current equity portfolio more closely, cut out the dross, and perhaps add some nutrients.

I was compelled to sell Yanlord Land Group Limited (Z25.SI) due to a dividend drought that persisted for two consecutive years in 2023 and 2024. Also, I was unexpectedly caught sleeping on the job and reacted promptly by selling off at $0.5 per share without hesitation. After getting repaid in my account, I quickly looked into three local banks: DBS Group Holdings Ltd (D05.SI), Oversea-Chinese Banking Corporation Limited (O39.SI), and United Overseas Bank Limited (U11.SI). I shortlisted UOB and OCBC, but I decided to buy 200 shares of UOB at $35.2 three days later because its price was closer to my target.

The addition of my first bank stock to my portfolio was a minor milestone that served to establish it as a dividend portfolio. Along with seeking a healthy dividend return of more than 4.5% yield, my long-term investment goal was for a bank stock to grow over time.