Sunday, September 26, 2021

Passive Income in 3Q 2021 and first 9 months of 2021

With a blink of an eye, almost 9 months of 2021 have passed by. 

In third quarter of 2021 from July to Sep, I have collected the following streams of interests from savings bonds and dividends.

$112.50 Savings Bonds (1 Jul)
$163.95 Far East Orchard 151 shares@$1.085 (5 Jul)
$235.80 Frasers L&C Trust (24 Aug)
$48.00 Sembcorp Ind (24 Aug)
$607.25 OCBC (26 Aug) SRS
$163.60 Ascott Reit (27 Aug)
$207.02 Keppel Reit (27 Aug) SRS
$105.45 Suntec Reit (27 Aug)
$235.00 ST Eng (31 Aug) SRS
$111.00 SSB (1 Sep)
$105.00 Comfortdelgro (2 Sep) SRS
$203.00 Ascendas Reit (3 Sep)
$74.10 Mapletree Ind Trust (3 Sep)
$393.92 Keppel DC Reit (6 Sep) SRS
$172.88 Mapletree Log Trust (7 Sep)
$828.80 Capitaland Int Com Trust (9 Sep)
$720.00 Aims Apac Reit (22 Sep)
$42.00 OUE Limited (23 Sep)
$211.50 Capitaland China Trust (27 Sep) 154 shares @ $1.366

The total amount of passive income in Q3 2021 is $4,740.77, a 68% YoY increase from Q2 2020's $2,816.40.

Together with the $7,601.65 passive income in the first half of 2021, my passive income in the first 9 months of 2021 is


Time in the market beats timing the market. I am happy to remain invested in the stock market, while selling put options to collect premiums for fun in the US stock market.

My ultimate goal is to own investment portfolios valued at one million dollars yielding at least $50k of passive income annually. Currently, I am around one-third in the journey as my SGX income portfolio and SRS ultra long-term portfolios are valued at around $300+K and dividends are projected to be around $15k for this year.

My motto is to live frugally, save up, invest in any bear or bull market conditions, slowly and steadily build up my investments.

I look forward to collecting more dividends as passive income in the final quarter of Year 2021.

Thanks for reading. Stay calm and remain strong as always! Huat ah!

With love and peace, 

Thursday, September 23, 2021

This blog has yielded dividends. Thank you for your support.


I received a payment of $156.16 from Google Adsense for ads revenue from this Live Rich Life Free blog.

I kickstarted this blog on 31 Dec 2019, with the aim of sharing and journaling my journey towards financial freedom through frugality, stoicism, perserverance and reframing of mindset.

The topics I intended to share span across anything in the world ranging from investments in Reits, SGX stocks, bonds, life hacks and philosophy, politics, science and travels hopefully. In the end, I did not really touch on politics, science and travels.

21 months later, this blog has generated close to 200k page views and even yielded dividends.

While the main purpose of blogging is not to profit from writing, earning some incentives do help to encourage me to create more financial related articles for sharing to the community and world.

I believe we should try to pursue our own dreams and passion. Even if we fail, at least we tried.

Last but not least, I would like to thank all readers of this blog for your continued support and wish everyone the best of health and wealth in such unprecedented endemic times.

As always, stay safe and remain strong.

With love & peace, 

Monday, September 20, 2021

Nibbling CICT at no brokerage cost


Due to the restructure of Capitaland, currently there is a zero brokerage promotion for trading CICT odd lots and CLI odd lots on Phillips Capital. POEMs platform.

I am a cheapo and enjoy such good deals.

As the share price of CICT languishes at an attractive level now, I hope to make good use of this promotion to add on to CICT in the next few weeks by adding 99 shares every day.

I currently own 16,000 shares of CICT and hope to add on another 2,000 shares through this promo without incurring any brokerage fee, though other small transaction fees still apply.

I started this nibbling spree since last Friday, 17 Sep.

Though the odd lots counter is illiquid, I am happy to get my orders filled.

May the nibbling spree continues.

Thanks for reading. As always, stay safe and remain strong.

With love & peace, 


Saturday, September 18, 2021

Net Worth Update Sep 2021


My net worth inches up $2k from mid Aug 2021 to S$1.133m now.

This is after the latest round of salary income, dividends passive income and CPF contributions.

Net worth growth is stagnated due to correction in the stock market which wiped out close to $7k of my stock equity value.

I continued to make voluntary housing refunds using cash back to my CPF OA, which has been used for down-payment of a HDB BTO flat in Jun 2021.

On the investment front, I have done little to add on to my portfolio, other than waiting for my put options in the US stock market expire.

The pandemic situation seems to really evolve into an endemic and opportunities for retail Reits have started to emerge. I am targeting to add shares of CICT and FCT.

Thanks for reading. As always, stay safe and remain strong.

With love & peace, 


Sunday, September 12, 2021

Subscribed to Sembcorp Marine Rights Shares


I had some "free" shares of Sembcorp Marine from the demerger with Sembcorp Industries in 2020.

Earlier, I have shared my strategy for this Sembcorp Marine Rights exercise.

I had also given 5 reasons on why I decided to subscribe to this sinking boat. 

I saw this letter lying on the table and knew that the dateline is on 14 Sep 2021, 9.30pm.

There it goes. Now I have subscribed to my small entitlement of 17,700 shares and 300 shares. 

It is the first time I use Paynow to participate in corporate actions. The benefits of using Paynow instead of ATM are saving $2 and time. 

The Rights Shares will be credited to CDP and commence trading on 22 Sep 2021, 9am.

I would expect the share price of SMM to remain weak and maybe plunge below $0.08. This will be a small long-term speculative play for me so I am not bothered.

Meanwhile, I am conserving war chest, waiting for the next correction in the US stock market and hope to accumulate some growth stocks.

On the local SGX front, I hope that Reits in my portfolio will continue to buy income producing assets and involve retail investors through preferential offering.

Thanks for reading. As usual, stay safe and remain strong.

With love and peace,

Making voluntary housing refund to CPF OA

I have made another voluntary housing refund to my CPF OA account today.

I decided to refund cash into my CPF OA account as I do not like the idea of accrued interests incurred on withdrawn savings from CPF OA account for property payments. 

The accrued interests are rightfully money supposedly to be paid by the government to our own savings for retirement. Just because we gave ourselves a personal loan from retirement funds, the interests are forgone, accrued and will be deducted from the proceeds of property sale in future.

I like to borrow money from myself, and pay back myself whenever and however I feel like it, at maximal levels of freedom and flexibility. This voluntary housing refund is a great scheme which aligns with my interests.

Below shows the current amount used for property down-payment in my CPF OA account.

There it goes after I cleared the disposable cash in my OCBC savings account. The good thing is I can refund any amount I like, up to the maximum of amount withdrawn for property, including accrued interest.

See my earlier posts on booking and paying down-payment for a HDB BTO property.

Refer to the step-by-step guides from CPFB for more details on how to make voluntary housing refund to your own CPF OA account:

• Make a Housing Refund with Cash (eNETS)
• Make a Housing Refund with Cash (PayNow QR)

Thanks for reading, As always, stay safe and remain strong,

With love and peace,

Saturday, September 11, 2021

Took my IPPT today

I attempted my Individual Physical Proficiency Test (IPPT) today.

I failed marginally. This is a great wake up call that my fitness level is not up to par.

For fit Singaporean sons, this is either an annual national service liability to attempt and pass it or rather an opportunity to reap some monetary rewards from acing it.

Nothing to feel ashamed of for a mid 30s young uncle whose legs have been used to shaking while sitting on chair during WFH instead of running on the ground.

I am able to do some standard push-ups and sit-ups slowly but have no stamina to sustain the 2.4km run. I still manage to complete the run though. 

I feel like a turtle on the track while running with young men at least a decade younger.

Below are my results. 

Nevertheless, I should still receive some NS allowance as a consolation for attendance.

I should repent by starting to train running and build up my stamina.

It is important to have great health, wealth and fitness. We cannot enjoy life if we lack either.

Thanks for reading. Stay safe and remain strong,

With love & peace,