Passive Income for Sept 08

This is a breakdown of my passive income for Sept 08

1. Growth Dividends : $225
2. Pac Andes Dividends: $765
3. Kingboard Dividends: $141

Total passive income for Sept 08 = $1131

Of course, the growth dividends is just a one time payout.

Dividends Recieved from Pac Andes

Received a total of $765.90 of dividends from holding Pac Andes last week.

Will be looking to invest this money to boost my passive income stocks portfolio.

The following are the stocks which I can choose to buy from to increase my passive income:
1. MacArthur Cook PSF
2. SingFood
3. First REIT
4. Ascott REIT
5. K1 Ventures

Which one should I buy? With $765.90, it does not provide me with a lot of options.

Should I Quit My Job

Been working for more than 3 years already.

Have been thinking about tendering my resignation later due to little job satisfaction even though the job pays well.

Am I financially stable enough to quit my job?
Will I be able to find a better job?
How long will it take me to find a job that I really like?
Will the economy (and job market) get worse?
Should I sell my car to decrease my monthly expenditure?

My adsense earnings have not been good enough for me to consider blogging as a full time career. I am still not sure how bloggers like Xiaxue manage to draw so much traffic to their blogs. Until now, I have still not achieved my target of earning more than $2 in a single day. But I will keep pressing on..

Will I ever earn enough passive income to be totally financially free?

Only time will tell...

Investments in this Bear Market

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

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.

Adsense increasing my Monthly passive income

Recently, I have been exploring using Adsense to earn some extra "passive" income. "Passive" because earning money from blogs is not exactly passive. Work has to be done to drive traffic to your blogs etc..

Anyway, looking at my daily adsense earnings, I should be able to add adsense as another source of my passive income soon. But perhaps I will not be too quick to count it in just yet. I will give it another 3 months and if it is able to give me a stable monthly earnings, then I might consider including it into my current monthly passive income.

Networth for Sep 08

Updated my networth amidst the stock market bloodbath last week.

Networth is currently $449,443. The consolation is that I have increased my monthly passive income. Think I will not focus too much on my networth but rather work at increasing my monthly passive income. Too often, a wrong focus will cause me to make investment decisions that are not too wise..

Discovered this cool website that helps to me to track my networth. You can follow it at the button which shows my networth at the bottom right of my site (scroll down pls).