After quitting my job, I found that I have a lot more free time to play around with.
However, it still does not seem that I am putting my time to good use. Too often, I spend my time procrastinating or just doing unproductive things.
Perhaps it is time I pick up some serious time management skills.
On the passive income portfolio end, I purchased 10000 shares of Suntec REITs last week.
I heard a story about a guy who owned 3 properties and when the valuation of his properties went up, he basically refinanced them while doing a upgearing to release the equity in it thus getting about 800k in cash. He then used this money to buy into REITs. Imagine the kind of passive income he is drawing now on top of the rental income from his property!
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I can't sleep. I am worried about my finances. So I am up now counting my money in all the places that I have. Sometimes I forget that...
I always admire you investment portfolio to generate passive income... Care to share some ideas for me to kick start???
ReplyDeleteI always admire you investment portfolio to generate passive income... Care to share some ideas for me to kick start???
ReplyDeleteHi Rolex,
ReplyDeleteThere is nothing to admire about my portfolio.
I basically buy stocks that I intend to keep for passive income (aka dividends) and also stocks which I hope to profit through capital gains.
Stocks for passive income would be those like REITs. You can also check out the dividend history of some companies to see whether they have the habit of giving out dividends frequently.
Just my 2 cents