Saturday, December 23, 2023

Passive Income in 2023 Exceed Expectations!

In Q4 2023, the following dividends streamed into my bank account.

$148.86 Savings Bond (2 Oct)
$56.08 Ascott Reit (11 Oct)
$428.35 Savings Bond (1 Nov)
$270.00 Guocoland (16 Nov)
$192.00 DBS (27 Nov)
$187.15 Astrea 7 A-1 PE Bond (27 Nov)
$481.60 Frasers Centrepoint Trust (29 Nov)
$89.65 Suntec Reit (29 Nov)
$296.00 Savings Bond (1 Dec)
$132.50 Netlink Trust (1 Dec)
$188.00 ST Engineering (1 Dec) SRS
$498.83 Mapletree Ind Trust (5 Dec)
$336.00 MPACT (8 Dec)
$880.00 Frasers L&C Trust (14 Dec)
$459.13 Mapletree Log Trust (19 Dec) 318 shares under DRP
$819.00 Aims Apac Reit (22 Dec)

They amount to $5,463.15.

My passive income for the first 9 months of 2023 is $21,841.72.

In total, my passive income for 2023 is


This is 27% higher than the $21,380.96 of passive income for year 2022.

My target for 2023 was $24k and I am glad that my actual passive income exceeded expectations.

We are near the pivot of high interest rates and the impact of rising interest rates eroding into the bottom line of businesses and Reits have already been felt in the past year. Nonetheless, I feel comfortable and confident holding a financial portfolio containing heavily Reits and safe havens such as risk-free Singapore Savings Bonds and fixed deposits in local banks.

2023 has been a fruitful and rewarding year despite being clouded by immense noises and fears about inflation, recession, war and so on.

I am optimistic and believe that 2024 will be a greater year despite the looming recession and global economic slowdown which could potentially present more opportunities for investors.

Let the Federal Reserve continue to be hawkish towards interest rates hikes to curb inflation or cuts to mitigate economic slowdown. Embrace the fact that GST will rise to 9% in Singapore from 1 Jan 2024, Reits to increase rentals and continue paying dividends. The world will go round no matter what happens.

As investors, we shall continue to acquire income-producing businesses and assets for more passive income in future. Let us also look forward to the interests from CPF in Jan 2024 soon.

Thanks for reading. Stay focused and remain steadfast as always!

With love & peace,

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