Monday 2 October 2023

Slow Sep $9,206 ... YTD $112,770 ... 2024 estimate $95,648

I have been moving slowly forward in life for the past 1.5 yrs 😎 Is this something that I really want? Or is there much more I can achieve? There are really 2 sides of me, that are constantly fighting/reasoning ... The current situation is what it is ... There are pros and cons to every lifestyle and no one can really determine what is truly right or wrong ... Should I trade more Time vs Money? Let me know your thoughts in the comments below ...


The past month of Sep has been quite lacking in investment activities. Besides completing my sale of Yangzijiang and building my SGS T-bill ladder, there is probably nothing much done ... haha ... Dividends collected are Comfort Delgro and Reits (ESR, Kreit, MIT, MLT) ... oh I did nimble some S&P500 ETF VUSD.L for the long term. Also looking to divest my ST Engineering and invest more into UOB, to streamline my entire portfolio. I seem to be getting lazier  😂  Doing some further projections to my passive portfolio in 2024 would amount to $95,648 ... Hmm ... should be quite comfortable to not work another year right?!


5 comments:

  1. 76803+ 25825=102629. 103180-102628=552. Why?

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    1. haha ... slight adjustments as money is coming in across different months... Example 31 Aug (Thu) or 1 Sep (Fri)

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    2. I also use Standard Chartered trading account ... so sometimes Dividends come in 1-2 days later than CDP linked bank account

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  2. Hi Coven,

    Congrats on your respectable passive income. $112K, $94K are both good.

    Whether to trade time for money? Let me share my thoughts/experience.

    1. You achieved your current situation of having your PI > annual expenses (ie Financial Independence) because of your work income. So at FI, continuing to work should enable you to save 100% and more of your salary each subsequent years. I called this period the golden period of savings - where your savings rate accelerates. I am into the 7th year of this golden period, having attained FI in 2016. In this 7 years we saw rapid growth in our net worth.

    2. You must have something to retire to. Retiring to "escape" work without having something meaningful to occupy your time usually doesnt end well. If you have a hobby or something you are passionate about would be good.

    3. To retire well (& with great peace of mind), our passive income must have the following qualities:

    a. Substantial enough to cover annual expenses as well as unexpected (& big) expenditure.

    b. Must be able to keep pace with rising cost (inflation)

    c. Must be reliable and stable. This is to ensure we can plan our retired lifestyle better and not be disrupted by sudden stoppage or sudden drastic reduction in passive income.

    d. Must have redundancies in your passive income source.

    We (wife and I) have the following six passive income sources (taps) and have ranked them based on the above criteria :

    Gold taps (ranked most stable and reliable)
    1. CPF interests (from our OA &SA) - $68K pa
    2. CPF Life payout (to start at 70) - $72K pa

    Silver Taps (2nd most stable & reliable)
    1. SRS drawdown over 10 years - $40K pa
    2. Medisave - use when needed for medical expenses.

    Bonus taps (least reliable and least stable)
    1. Dividends - $88K pa
    2. Rental - $42K pa

    We planned our retirement lifestyle around the gold and silver taps income. The income from the bonus taps are bonus for us to pamper ourselves like buying a car, long holidays, gifting and reinvestment.

    My point is - dont rush to retire, not when the going is good.

    All the best.

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    1. Great and thanks for your comments and advise! Much appreciated :)

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