I increased my position in Hongguo today. Bought a total of 20 lots at $0.22. Will be transferring money from my Maybank savings account to pay for this so my passive income from Maybank might be lowered to below $10 per month.
Also received $141.10 as dividends from Kingboard shares.
NOL which i bought a few days back at $1.91 is now at $2.30. I might cash it in if it reaches $3.00 instead of waiting for the yearly dividends.
Will be looking for more opportunities to invest in other areas with all my spare cash and also dividends that I receive.
I intend to build up my stock portfolio in this bear market and ignore all noises that will make me trade irrationally.
My updated portfolio for passive income is as such:
1. 12,000 x Ascott REITs (DPU = 4.52 per half) = $90.40 per month
2. 16,000 x First REITs (DPU = 1.91 per qtr) = $101.87 per month
3. 1000 x Suntec REITs (DPU = 2.79 qtr) = $9.30 per month
4. 1000 x NOL (estimate 8 cents per year*) = $6.66 per month
5. Maybank iSavvy Deposit = $10 per month
Total avg monthly passive income = $218.23
My updated portfolio for capital gains is as such:
1. 30,000 x Kingboard
2. 24,000 x Hongguo
3. 37,000 x Pac Andes
4. 15,000 x Innotek
5. 7,000 x China Aviation Oil
6. 11,000 x Unifood
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Showing posts with label Sources of Passive Income. Show all posts
Showing posts with label Sources of Passive Income. Show all posts
Passive Income Update
Bought NOL and Ascott REIT today @ 1.91 and 0.775.
NOL was bought as a means to diversify my REIT heavy portfolio.
My updated portfolio for passive income is as such:
1. 12,000 x Ascott REITs (DPU = 4.52 per half) = $90.40 per month
2. 16,000 x First REITs (DPU = 1.91 per qtr) = $101.87 per month
3. 1000 x Suntec REITs (DPU = 2.79 qtr) = $9.30 per month
4. 1000 x NOL (estimate 8 cents per year*) = $6.66 per month
5. Maybank iSavvy Deposit = $13 per month
Total monthly passive income = $221.23
*Note: NOL has a dividend policy of 8 cents per share net or 20% of net profit whichever is higher. I have taken the more conservative approach of just using 8 cents per year per share.
NOL was bought as a means to diversify my REIT heavy portfolio.
My updated portfolio for passive income is as such:
1. 12,000 x Ascott REITs (DPU = 4.52 per half) = $90.40 per month
2. 16,000 x First REITs (DPU = 1.91 per qtr) = $101.87 per month
3. 1000 x Suntec REITs (DPU = 2.79 qtr) = $9.30 per month
4. 1000 x NOL (estimate 8 cents per year*) = $6.66 per month
5. Maybank iSavvy Deposit = $13 per month
Total monthly passive income = $221.23
*Note: NOL has a dividend policy of 8 cents per share net or 20% of net profit whichever is higher. I have taken the more conservative approach of just using 8 cents per year per share.
The Need to Diversify From REITs
This entry is actually a reminder to myself to diversify away from REITs. True, REITs do give a much higher yield than most dividend yielding stocks... but still I feel this innate need to diversify away from REITs to some blue-chip stocks so as to not place all my "passive income" eggs into one basket (REITs listed in the Singapore Stock Exchange).
Alternative Source of Income #1: Blue Chips or Dividend Yielding Stocks
I have been looking at blue chips in the Singapore Stock Market though I am not closed to the idea of investing into other markets too.
Stocks that I am looking for are ideally those with boring businesses that can tide through any economic crisis as well as a history of good dividends. This is to avoid buying into companies that are not able to pay out dividends regularly. The key is to buy companies instead of buying companies for the sake of their dividends alone. This will help me diversify my sources of income to attain my financial freedom goal of $2800 per month by 2022.
Alternative Source of Income #2: Adsense
Another stream of passive income that I have been looking into is Adsense. However, I realised that this has been very difficult and certainly not "passive" as I have to put in extra hours after work to improve upon my blogs, create new postings,etc. Still, it provides me with an alternative source of income. After becoming more active in blogging, I have also seen my daily adsense earnings rise steadily. To see my daily adsense earnings, click here. I just started recording it and it is definitely nothing spectacular. The amount I earn a day is not even enough to buy coffee. But what this record shows is that it is possible for one to earn money from Google's Adsense.
In the month of Sep 08, I will work at increasing my passive income from this 2 alternative sources of income since I have already attained my passive income goal of $200 per month for this year.
Alternative Source of Income #1: Blue Chips or Dividend Yielding Stocks
I have been looking at blue chips in the Singapore Stock Market though I am not closed to the idea of investing into other markets too.
Stocks that I am looking for are ideally those with boring businesses that can tide through any economic crisis as well as a history of good dividends. This is to avoid buying into companies that are not able to pay out dividends regularly. The key is to buy companies instead of buying companies for the sake of their dividends alone. This will help me diversify my sources of income to attain my financial freedom goal of $2800 per month by 2022.
Alternative Source of Income #2: Adsense
Another stream of passive income that I have been looking into is Adsense. However, I realised that this has been very difficult and certainly not "passive" as I have to put in extra hours after work to improve upon my blogs, create new postings,etc. Still, it provides me with an alternative source of income. After becoming more active in blogging, I have also seen my daily adsense earnings rise steadily. To see my daily adsense earnings, click here. I just started recording it and it is definitely nothing spectacular. The amount I earn a day is not even enough to buy coffee. But what this record shows is that it is possible for one to earn money from Google's Adsense.
In the month of Sep 08, I will work at increasing my passive income from this 2 alternative sources of income since I have already attained my passive income goal of $200 per month for this year.
Updated Passive Income 2008 (2 Sep)
1. 11,000 x Ascott REITs (DPU = 4.52 per half) = $82.87 per month
2. 16,000 x First REITs (DPU = 1.91 per qtr) = $101.87 per month
3. 1000 x Suntec REITs (DPU = 2.79 qtr) = $9.30 per month
4. Maybank iSavvy Deposit = $13 per month
Total passive income per month now stands at = $207.04
The amount listed of course is dependent on the distribution of the various REITs for the future quarters. This might increase or decrease. As such, I am trying to diversify my holdings as far as possible. That is why I bought Suntec REITs which I believe should be able to steadily increase its distribution.
2. 16,000 x First REITs (DPU = 1.91 per qtr) = $101.87 per month
3. 1000 x Suntec REITs (DPU = 2.79 qtr) = $9.30 per month
4. Maybank iSavvy Deposit = $13 per month
Total passive income per month now stands at = $207.04
The amount listed of course is dependent on the distribution of the various REITs for the future quarters. This might increase or decrease. As such, I am trying to diversify my holdings as far as possible. That is why I bought Suntec REITs which I believe should be able to steadily increase its distribution.
Increasing My Passive Income Through REITs
REITs listed in the Singapore Stock Exchange provide a steady and stable source of passive income that suits my needs and goal of achieving financial freedom by 2022.
I have queued to purchase 1 lot of Suntec REITs and 1 lot of First REITs today. If purchased, it should drive my passive income up to around $200 per month thus hitting my goal for passive income that I have set this year.
I have queued to purchase 1 lot of Suntec REITs and 1 lot of First REITs today. If purchased, it should drive my passive income up to around $200 per month thus hitting my goal for passive income that I have set this year.
Earning Money Online Through Adsense
In a previous post dated 16 August, I mentioned that I wanted to increase my passive income from Adsense to $1 per day. I have been exploring ways to earn more money online.
This is a breakdown of my report for the amount that I have earned from Adsense since May 2008:
Jun 08= $0.41
Jul 08 = $0.38
Aug 08 = $4.44
I have manged to increased my passive income from Adsense by nearly 10 times within 1 month! This is part of the overall strategy to increasing my passive income through various avenues. In the coming month (Sep 08), I will be significantly busier at work. As such, I do not expect to be able to achieve the same success as I managed in Aug 08. However, I will attempt a target of $5.00 for the month of Sep 08. I will also be exploring dividend yielding stocks, high interest rate bank deposits or REITs to increase my passive income.
I have dedicated another blog that will explore my financial freedom journey on making money online. Do visit it here.
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This is a breakdown of my report for the amount that I have earned from Adsense since May 2008:
Jun 08= $0.41
Jul 08 = $0.38
Aug 08 = $4.44
I have manged to increased my passive income from Adsense by nearly 10 times within 1 month! This is part of the overall strategy to increasing my passive income through various avenues. In the coming month (Sep 08), I will be significantly busier at work. As such, I do not expect to be able to achieve the same success as I managed in Aug 08. However, I will attempt a target of $5.00 for the month of Sep 08. I will also be exploring dividend yielding stocks, high interest rate bank deposits or REITs to increase my passive income.
I have dedicated another blog that will explore my financial freedom journey on making money online. Do visit it here.
Love this post? Digg It below!
Dividends Recieved for Aug 08
Ascott REITs (28 Aug) = $497.20
First REITs (29 Aug)= $286.50
Total for the month: $783.70
This money will be reinvested into some other dividend yielding stock or REITs. Will be looking out for stocks that are giving out dividends for the months of Sep, Oct and Nov.
First REITs (29 Aug)= $286.50
Total for the month: $783.70
This money will be reinvested into some other dividend yielding stock or REITs. Will be looking out for stocks that are giving out dividends for the months of Sep, Oct and Nov.
Updated Passive Income for 2008
Updated the current sources of my passive income. Maybank deposit is now giving me $13 per month instead of $12 per month which I estimated.
1. 11,000 x Ascott REITs (DPU = 4.52 per half) = $82.87 per month
2. 15,000 x First REITs (DPU = 1.91 per qtr) = $95.50 per month
3. Maybank iSavvy Deposit = $13 per month
Total passive income per month now stands at = $191.37
I will also wait for the distribution from First REITs and Ascott in end August to buy some more passive income generating stocks or REITs.
1. 11,000 x Ascott REITs (DPU = 4.52 per half) = $82.87 per month
2. 15,000 x First REITs (DPU = 1.91 per qtr) = $95.50 per month
3. Maybank iSavvy Deposit = $13 per month
Total passive income per month now stands at = $191.37
I will also wait for the distribution from First REITs and Ascott in end August to buy some more passive income generating stocks or REITs.
To buy Ascott REIT?
Should I buy into a 1 x lot of Ascott REIT at the current price of $1.00?
It has a DPU that is around 9%. This would help me roughly hit my desired passive income of $200 per month for this year.
Or are there better options around. Thinking of diversifying as I do not want to be too heavily invested in only 2 different REITs
It has a DPU that is around 9%. This would help me roughly hit my desired passive income of $200 per month for this year.
Or are there better options around. Thinking of diversifying as I do not want to be too heavily invested in only 2 different REITs
Searching for that additional S$10 per month
Dear Reader,
I am looking for that additional S$10 per month passive income to hit my $200 per month goal for year 2008.
With current liquid cash of slightly over $20000, that leaves me with a roughly $1500 to $2000 (after setting aside 6 months of emergency funds) to invest to get that additional S$10 per month.
Any advice?
I am looking for that additional S$10 per month passive income to hit my $200 per month goal for year 2008.
With current liquid cash of slightly over $20000, that leaves me with a roughly $1500 to $2000 (after setting aside 6 months of emergency funds) to invest to get that additional S$10 per month.
Any advice?
Current Sources of Passive Income
These are the sources of my current passive income:
1. 11,000 x Ascott REITs (DPU = 4.52 per half) = $82.87 per month
2. 15,000 x First REITs (DPU = 1.91 per qtr) = $95.50 per month
3. Maybank iSavvy Deposit = $12 per month
Total passive income per month = $190.37
It is quite amazing. I am nearly on target to achieving my $200 per month passive income for this year. $200 per month passive income however is only 4 percent of my current earned income.
My goal for the remaining months in 2008 will be to look for buying opportunities to enter into REITs or stocks with regular dividend payouts.
An additional goal would be to explore the use of Google's Adsense as an additional source of passive income.
1. 11,000 x Ascott REITs (DPU = 4.52 per half) = $82.87 per month
2. 15,000 x First REITs (DPU = 1.91 per qtr) = $95.50 per month
3. Maybank iSavvy Deposit = $12 per month
Total passive income per month = $190.37
It is quite amazing. I am nearly on target to achieving my $200 per month passive income for this year. $200 per month passive income however is only 4 percent of my current earned income.
My goal for the remaining months in 2008 will be to look for buying opportunities to enter into REITs or stocks with regular dividend payouts.
An additional goal would be to explore the use of Google's Adsense as an additional source of passive income.
Sources of Passive Income
The following are sources of passive income that I have identified as being suited for my current situation:1. Dividend paying stocks
2. Distribution from real estate investment trusts (REITS)
3. Fixed Deposit interests
4. Revenue from Adsense
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