$500-$900/month passive income (May - Sep 2020) and $50k pumped in stocks since Aug 2020

I've previously shared about my 8 sources to get a decent passive income here.

Broadly, it's due to:

  • Stock dividends
  • Savings accounts such as Etiqa and Singlife
  • Surveys
  • Selling items
I shall not repeat my sharing as you can head over to my link 😉

Since May till Sep, I've been getting $500-$900 passive income. Though I must add that it has been long since I cash out my survey (check out milieu app - see point 6) as I need a sizeable point + I dont have much to sell on carousell now.

Given the current economic situation, interest rates have been dropping. On one side, it's good news for my housing loan as I've changed to a bank loan; but on the other hand, as I'm cash-heavy, I don't have much platforms to park my cash.

So earlier, I've only park $10k in Singlife to earn 2.5% interest. I decided to up it to $100k to enjoy 1% on the next $90k. Unfortunately, even the 2.5% will now be nerfed to 2%.

Sigh

This is the last month where I'd see 2.5% interest for Singlife first 10k.

While I am still looking out for platforms to park my cash, I've been investing more, especially since I opened my Tiger Brokers account in August and dabbled into HKEX and NYSE. Thus far, I've pumped:

Despite a $100k stock portfolio value, my projected yield is at 4.8% for the next 12 months. It is definitely not enough to get by if I want to #firemyboss

I am now regretting not starting the investment journey earlier and can only look with envy on peers with a $500k-600k portfolio 😢

I was too focused on saving CASH and had saved  $300k cash and it gave me a strong sense of security. But I guess this war chest gave me huge flexibility to pump $50k within 2 months into the market. No doubt the market is volatile now with no end in sight, but I shall believe in this quote:

PS: if you are keen to explore Tiger Brokers and you'd like to receive stock vouchers to offset your stocks purchases, kindly use my referral link, code (SBSL8) or scan the QR code to sign up😊 You can refer to step 5 here on how to receive the stock voucher. Thanks in advance for your support!


Comments

Post a Comment

No rude messages please. Unkind messages and spams will be blocked and deleted.

Popular posts from this blog

End 2024 review - achieving $1.04m networth

Image
  Another end to a year. For the nth time, I dread reflecting on the year because I did not receive positive outputs from the pain I've endured. But here goes.  Here's a recap of my finances over the years: 2016 -  Unexpected review of 2016: hitting $200k in net worth 2017 -  End 2017 review - net worth at $287k 2018 -  End 2018 review - net worth at $372k  2019 -  End 2019 Review - inching close to $500k net worth  (~$440k) 2020 -  End 2020 Review - net worth at $550k 2021 -  End 2021 Review - closing in to $700k net worth 2022 -  End 2022 Review - failing financial goal for the first time, $660k net worth 2023:  End 2023 review: $819k net worth 2024 Review Borrowing my past year statement: This year, so much has happened, but not much have changed. Since I don't blog every month, here's a recap of what I've done across the past 12 months: Jan Did CPF MA topup of $3k Spoke about feeling depressed and signing up for counse...
Read more

SGD$1,000,000 networth unlocked 🎉

Image
As of 8 Dec 2024, I have officially unlocked the milestone of $1m networth 🎉 This is all thanks to the increased in value of my crypto holdings as well as my US stocks. My HK/CN stocks are still in bad shape. On stocks front, truthfully, my overall investments is still in the red. I had made mistakes in stock picking and has not taken the opportunity to cut losses. I had the view to hold and pray those stocks in deep red would go up - after all, I told myself I don't need the money right now. On crypto, given that BTC has bounced back, I'm sitting on decent profits. I've been cashing out bit by bit. The last I spoke in Mar , I cashed out a rather sizeable amount of BTC at 50% profit. On hindsight, if I had waited till now, I could have cash out 3000 SGD more. Anyway, this time round in Nov, I cashed out 2 times, at a 70%-80% profit. Not bad considering the rest of my investments. As long as there are no major global events impacting the markets negatively, I believe I woul...
Read more

🤞On track to hitting $950k networth by end 2024🤞

Another blink, another year ending soon. How have you guys been? I wonder who else is still monitoring my blog despite my lack of updates. Again, so much has happened, but not much have changed. I travelled well, continued with a 3rd round of IVF egg retrieval (result was extremely poor), and went through uncertainty at work due to restructuring but was thankfully able to keep my job. I still haven't fulfil my dream of being a mother. Though honestly, it now feels more like a checkbox to be unchecked than the actual fulfilment of wanting to nurture and grow a child. I think the weariness is getting too much. I will embark on my final transfer within these few months. This would be my 7th transfer. If it fails, I'm likely going to stop further treatments. I have already done the best at my "peak".  I am telling myself that my life is still amazing despite these hiccups. Anyway, onto my financial goals. Back on 31 Dec 2024, I posted my goal to achieve $950k networth by ...
Read more