Passive Income in Q3 and 9 months of 2024

 

Sep 2024 is ending soon and here is an update on my passive income for 3Q and the first 9 months of 2024.

From 1 Jul to 30 Sep 2024, I collected the following dividends.

$147.50 SSB (1 Jul) SRS

$320.73 SSB (1 Jul)

$239.88 Far East Orchard as 239 shares DRP (5 Jul)

$128.70 SSB (1 Aug)

$2,200.00 OCBC (23 Aug) SRS

$880.00 UOB (23 Aug)

$540.54 DBS (26 Aug)

$162.00 DBS (26 Aug) SRS

$303.97 IREIT (28 Aug)

$254.70 Ascott Reit (29 Aug)

$76.55 Suntec Reit (29 Aug)

$176.00 Comfortdelgro (29 Aug) SRS

$90.00 Wilmar (29 Aug) SRS

$150.80 Plife Reit (30 Aug) SRS

$138.00 SSB (2 Sep) SRS

$150.50 SSB (2 Sep)

$149.05 SSB (2 Sep)

$752.40 Ascendas Reit (2 Sep)

$418.00 MPACT (12 Sep)

$515.35 Mapletree Ind Trust (12 Sep) DRP

$289.83 Keppel Reit (13 Sep) SRS

$438.66 Mapletree Log Trust (18 Sep) DRP

$363.92 Keppel DC Reit (23 Sep) SRS

$794.50 Aims Apac Reit (25 Sep)

$321.68 Capitaland China Trust (25 Sep)

$1,004.87 CICT (26 Sep)

$42.00 OUE (26 Sep)

The total amount collected in Q3 2024 is $11,050.13, a 32% YoY increase from Q3 2023's $8,375.53.

Together with the $13,466.19 passive income in the first half of 2024, my passive income in the first 9 months of 2024 is

$24,516.32

On track of achieving my revised target of $28k passive income for 2024.

Time in the market beats timing the market. In the long-term, I am happy to remain primarily invested locally in SGX for passive income, while having a little exposure to US tech stocks for some growth. I may sell of my existing small holdings of HK shares after their recent resurgence.

My ultimate goal is to own an investment portfolio valued at one million dollars yielding at least $50k of passive income annually. Currently, I am at about half of the journey as my SGX income portfolio and SRS ultra long-term portfolios are valued at around $500K and dividends are projected to be around $25k or more 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 in stocks, Reits and risk-free government bonds.

I look forward to collecting more dividends as passive income in the last quarter of 2024.

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

With love and peace, 

Qiongster