Iggy's Journal: A 4.5% Yield Sounds Fine, Until You Check What It's Actually Buying
Iggy's Journal: A 4.5% Yield Sounds Fine, Until You Check What It's Actually Buying
25 August 2026, PM
Podcast Release:
New long-form piece up now. Singapore's headline inflation hit 2.2 percent in July, but the detail that matters more than the headline is where it's showing up, electricity, food, and services, the recurring bills that don't fade the way a one-off number does. This isn't a piece about redrawing any zone verdict, nothing here changes a single existing call. It's a different question entirely, whether an unchanged dividend still covers the same life it used to.
My Personal Take:
A 4.5 percent portfolio yield still sounds solid on paper, but it has meaningfully less room above a 2.0 percent core inflation print than it did a year ago, and that gap is the actual thing worth watching, not the headline figure itself. My 4.7 percent hurdle was never built as a promise that clearing it protects your purchasing power, it's calibrated against the best guaranteed SGD yield in the system, full stop. Whether that income still buys the same electricity bill and the same hawker meal is a separate question, and one I think gets skipped too often in favour of just checking whether the dividend arrived on schedule.
Not financial advice. Iggy's Forensic Compliance Standards apply.
📺 https://youtu.be/xkZu_rq4qhY
📩 https://investingiguana.com/p/inflation-just-hit-a-two-year-high
Cheers, Iggy 🦖
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