Added Pengrowth Energy Trust
Updating my passive income portfolio.
PenWest Energy Trust had a dividend cut to US$0.15 per unit. Also added Pengrowth Energy Trust into my portfolio. It gives US$0.10 per unit.
My updated portfolio for passive income for 31 Mar 2009 is as such:
1. 12,000 x Ascott REITs (DPU = 4.28 per half) = $85.60 per month (decrease in DPU)
2. 17,000 x First REITs (DPU = 1.94 per qtr) = $109.93 per month (increase in DPU)
3. 1000 x Suntec REITs (DPU = 2.858 qtr) = $9.52 per month
4. 3000 x NOL (estimate 8 cents per year*) = $20.00 per month
5. Maybank iSavvy Deposit = $8 per month
6. 50 x PenWest Energy Trust = $11.00 per month
7. 100 x Pengrowth Energy Trust = $15.00 per month
Total avg monthly passive income = $259.05 (Mar 09)
PenWest Energy Trust had a dividend cut to US$0.15 per unit. Also added Pengrowth Energy Trust into my portfolio. It gives US$0.10 per unit.
My updated portfolio for passive income for 31 Mar 2009 is as such:
1. 12,000 x Ascott REITs (DPU = 4.28 per half) = $85.60 per month (decrease in DPU)
2. 17,000 x First REITs (DPU = 1.94 per qtr) = $109.93 per month (increase in DPU)
3. 1000 x Suntec REITs (DPU = 2.858 qtr) = $9.52 per month
4. 3000 x NOL (estimate 8 cents per year*) = $20.00 per month
5. Maybank iSavvy Deposit = $8 per month
6. 50 x PenWest Energy Trust = $11.00 per month
7. 100 x Pengrowth Energy Trust = $15.00 per month
Total avg monthly passive income = $259.05 (Mar 09)
Financial updates for March
This is a short post.
Just to remind myself that I added 6000 x Hongguo at $777.73 to my existing share portfolio.
In addition, opened a Citibank step up interest account to earn up to 1% interest for my deposits. Will take 12 months to step up to that 1% interest though.
Making an effort to update my monthly income and expenditure to this blog too.
My income for Mar 09 inclusive of bonuses and CPF contributions = $16, 381.
Hope to update my expenditure for the month of Mar 09 too.
Just to remind myself that I added 6000 x Hongguo at $777.73 to my existing share portfolio.
In addition, opened a Citibank step up interest account to earn up to 1% interest for my deposits. Will take 12 months to step up to that 1% interest though.
Making an effort to update my monthly income and expenditure to this blog too.
My income for Mar 09 inclusive of bonuses and CPF contributions = $16, 381.
Hope to update my expenditure for the month of Mar 09 too.
First US Stock for my Dividends Portfolio
Updating my passive income portfolio
My updated portfolio for passive income for Mar 2009 is as such:
1. 12,000 x Ascott REITs (DPU = 4.28 per half) = $85.60 per month (decrease in DPU)
2. 17,000 x First REITs (DPU = 1.94 per qtr) = $109.93 per month (increase in DPU)
3. 1000 x Suntec REITs (DPU = 2.858 qtr) = $9.52 per month
4. 3000 x NOL (estimate 8 cents per year*) = $20.00 per month
5. Maybank iSavvy Deposit = $8 per month
6. 50 x PenWest Energy Trust = $13.50 per month
Total avg monthly passive income = $246.55 (Mar 09) versus $224.59 (Oct 08)
My updated portfolio for passive income for Mar 2009 is as such:
1. 12,000 x Ascott REITs (DPU = 4.28 per half) = $85.60 per month (decrease in DPU)
2. 17,000 x First REITs (DPU = 1.94 per qtr) = $109.93 per month (increase in DPU)
3. 1000 x Suntec REITs (DPU = 2.858 qtr) = $9.52 per month
4. 3000 x NOL (estimate 8 cents per year*) = $20.00 per month
5. Maybank iSavvy Deposit = $8 per month
6. 50 x PenWest Energy Trust = $13.50 per month
Total avg monthly passive income = $246.55 (Mar 09) versus $224.59 (Oct 08)
Thoughts on Financial Freedom, Success and Happiness
Of Financial Freedom
I started this blog in August 2008. The main purpose of this blog then was to chronicle my journey towards financial freedom. After much thought on deciding what financial freedom meant to different people, I decided that financial freedom for me would be simply to allow my monthly passive income to exceed my monthly expenditures.
However, I have come to realise that while this might mean financial freedom in the pure income and expenditure department, it does not necessarily mean that I will become financially "free".
What do I mean?
It means that I could actually have passive income that is greater than my monthly expenditure but still not be contented with what I have. Thus in that sense, financial freedom will become an endless pursuit, a chasing after the wind, where I will just crave for more and more money.
Financial freedom is thus also about the state of my mind. Am I contented with what I have today? Will i be contented when my monthly passive income exceeds my monthly expenditure?
Only when one is contented can one then achieve financial freedom in the true sense of the word.
Of Success
What is success to me? Is it driving a nice big car? Living in a bungalow?
I have decided that true success is being able to contribute back to society - to be able to use one's labour for the benefit of others.
True success is also about not being bothered by how others view you. Why try so hard to impress people you don't like?
Of Happiness
One can be rich and still be not happy. Thus, riches is not the path to happiness.
Instead, happiness is found in having the basic necessities, having close friends and family, and having the freedom to do what you want when you want and not be bogged down by deadlines/meetings/last minute work assignments.
Conclusion
March 2009 marks a turning point in my life as I have become much clearer about what it means to be financially free; and also what success and happiness is all about. Previously I had a vague idea in my head what all these was about but I guess that the more I conversed with people, the clearer my thoughts on this matters became.
This breakthrough in my thinking was only made possible by deep reflection, talking to close friends and also preparing to switch my job.
I started this blog in August 2008. The main purpose of this blog then was to chronicle my journey towards financial freedom. After much thought on deciding what financial freedom meant to different people, I decided that financial freedom for me would be simply to allow my monthly passive income to exceed my monthly expenditures.
However, I have come to realise that while this might mean financial freedom in the pure income and expenditure department, it does not necessarily mean that I will become financially "free".
What do I mean?
It means that I could actually have passive income that is greater than my monthly expenditure but still not be contented with what I have. Thus in that sense, financial freedom will become an endless pursuit, a chasing after the wind, where I will just crave for more and more money.
Financial freedom is thus also about the state of my mind. Am I contented with what I have today? Will i be contented when my monthly passive income exceeds my monthly expenditure?
Only when one is contented can one then achieve financial freedom in the true sense of the word.
Of Success
What is success to me? Is it driving a nice big car? Living in a bungalow?
I have decided that true success is being able to contribute back to society - to be able to use one's labour for the benefit of others.
True success is also about not being bothered by how others view you. Why try so hard to impress people you don't like?
Of Happiness
One can be rich and still be not happy. Thus, riches is not the path to happiness.
Instead, happiness is found in having the basic necessities, having close friends and family, and having the freedom to do what you want when you want and not be bogged down by deadlines/meetings/last minute work assignments.
Conclusion
March 2009 marks a turning point in my life as I have become much clearer about what it means to be financially free; and also what success and happiness is all about. Previously I had a vague idea in my head what all these was about but I guess that the more I conversed with people, the clearer my thoughts on this matters became.
This breakthrough in my thinking was only made possible by deep reflection, talking to close friends and also preparing to switch my job.
Singapore Inflation for 2008 is 6.5%
So Singapore's Consumer Price Index (CPI) for 2008 climbed to its highest in 28 years. That is a whopping 6.5% !
What this means is that my money in the bank is basically being wiped out by inflation.
With a paltry < 1% bank deposit rate, the bank deposit rates are simply not sufficient to combat this high inflation.
But in reality, what are the prices that have truly gone up for my household?
I will say one word "Petrol". The prices of petrol has simply gone up so much.
Pumping a 95 octane fuel cost almost $1.40++ per litre. If I remember correctly, the highest grade of petrol used to be that price like 7 years back when I first started driving.
Other than petrol, I don't think my household has seen a significant increase in any other item.
Electricity bills did go up a bit during the end of the year but we managed to cut down on our air-con usage and stuff.
What this means is that my money in the bank is basically being wiped out by inflation.
With a paltry < 1% bank deposit rate, the bank deposit rates are simply not sufficient to combat this high inflation.
But in reality, what are the prices that have truly gone up for my household?
I will say one word "Petrol". The prices of petrol has simply gone up so much.
Pumping a 95 octane fuel cost almost $1.40++ per litre. If I remember correctly, the highest grade of petrol used to be that price like 7 years back when I first started driving.
Other than petrol, I don't think my household has seen a significant increase in any other item.
Electricity bills did go up a bit during the end of the year but we managed to cut down on our air-con usage and stuff.
Bills to Pay
The bills have arrived once again.
Credit card bills - $645.52
Road Tax - $380.50
Singtel Broadband - $33.87
Starhub Cable - $25.68
Starhub Ltd - $51.93
I really need to find ways to increase my passive income especially with my pending job switch
Credit card bills - $645.52
Road Tax - $380.50
Singtel Broadband - $33.87
Starhub Cable - $25.68
Starhub Ltd - $51.93
I really need to find ways to increase my passive income especially with my pending job switch
Subscribe to:
Posts (Atom)
-
Civil servants or public officers in Singapore are expected to declare their financial standing when they first join and every year thereaft...
-
Trying to compile the salary pay scale for the Singapore civil service. Somehow, I only managed to find the figures for 2011. There are p...
-
In my previous article , I compared an endowment plan with an ILP. Many might think that an ILP is a silly way to save for my child's ed...
-
Everybody loves free stuff. So as part of the Christmas Celebrations, I am giving away MONEY! ANYONE can earn it. Just leave a comment on th...
-
Not too long ago, I wrote a post about how much to give for Chinese wedding dinners. It was pretty well received so I thought a good fo... -
Many young graduates who are seriously considering joining the civil service are likely curious to find out what is the starting pay or sala...
-
“We are more than that; we are in the business of creating time.” - Tay Liam Wee Mr Tay Liam Wee has an estimated networth of around S$135m.... -
Here are some frequently asked questions about sgfinancialfreedom: Q: How do you compute your networth? A: I compute my networth by adding m...
-
How much does a normal or average Singaporean earn? Based on median income, that is supposed to be $2,400 per month and raised to over $300...
-
Networth as of Feb 2010 is estimated around $652,000. A slight drop from Jan 2010. The decline in networth was due to a slight drop in my ...
