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Sunday, June 28, 2020

Passive Income in 2Q 2020 and 1H 2020

Half the calamitous year of 2020 has passed and it is time to stocktake the dividends collected as passive income from my investments.

I collected the interests from Singapore Savings Bonds (SSB) from Apr to Jun, and dividends from the companies and Reits in my CDP and SRS portfolios.

The total amount of passive income in Q2 2020 is $4,151.49.


Together with the $3,192.33 passive income in Q1, my passive income in the first half 2020 is $7,343.82, which is actually lesser than my monthly active income, but able to cover all my basic necessities and essential expenditure for 6 months, except for my monthly insurance premiums.

I would be able to declare myself being financially free if not for the hefty whole life insurance premiums which was not a savvy decision made some years back.

The following are the streams of CDs, interests and contra trade profits.
$98 Savings Bond (1 Apr)
$165.54 Mapletree Ind Trade Profit (30 Apr) 
$97.50 Savings Bond (4 May)
$60.49 Frasers Centrepoint Trust Trade Profit (18 May)
$88 Suntec Reit (28 May)
$144.92 Keppel Reit (29 May) SRS
$100.10 Mapletree Com (29 May)
$470 ST Eng (29 May) SRS
$109.50 SSB (1 Jun)
$126.50 Netlink Trust (3 Jun)
$72 Sembcorp Ind (3 Jun)
$59.22 Mapletree Log Trade Profit (4 Jun)
$66.30 Capmall Trust (5 Jun)
$657.72 OCBC (5 Jun) SRS
$264.60 Comfortdelgro (9 Jun) SRS
$210 OUE (10 Jun)
$112.50 Starhub (12 Jun)
$447.60 Frasers L&I Trust (26 Jun)
$576 Aims Apac Reit (29 Jun)
$225 UOB (29 Jun) 

I hope to collect more passive income in 2H 2020 and wish that the economy starts to crank up again. 

The effects of recession caused by this health crisis have not been fully effected yet. We should continue to save for more rainy days and thunderstorms ahead. Build up war chest for investment opportunities. Grow our emergency funds to be ready for stocking up food supplies or unforseen spending needs as we do not know what lies ahead in the future. 

I still believe in proper portfolio allocation to stay invested in the stock markets instead of having 100% cash waiting to time another big market crash. Unless we are traders who only speculate in index or stock price movements and do own any long term positions of income producing assets, we should avoid being overly smart or accurate. 

While there are immense challenges ahead, I am still optimistic that the long term future will be great for mankind. There is no obstacle that man cannot overcome.

Thanks for reading!

Love and Peace,
Qiongster

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