Passive income thread

[Dividends Warrior]

His last paragraph justifies the figures.

Yup, in Singapore die die must buy property
Going to start climbing the property ladder in 2019

 

[doggmeister]

How you manage UK property from Singapore?

Actually not difficult, I just use agents to find tenants and when tenants have any problems I just ask them to contact local contractors to get quotes and I get the tenants to pay to fix the problem and I give them the money back through bank transfer

 

[hwmook]

Yup, in Singapore die die must buy property
Going to start climbing the property ladder in 2019

Getting how many rooms HDB in tengah? It's going to take very long before you can see profits.

 

[trevallyo]

$59k per year from property rented out in UK

43, single, no future plans to do anything, bought a unit in Kl and last week I paid off the mortgage, this is to retire in via MM2H later in life.

What made you decide to pay off the kl mortgage?

 

[TabascoSauce]

hope i will at where y'all at over the next 7 years

 

[hachi]

Nope. Definitely not here yet. This month is jus a minor dip compared to a real full blown crisis.

A real crisis will probably only come about 2-3 times in our working life. I believe those are the times to double or even triple ur networth. I’m 70% in cash waiting for such opportunities.

I am also waiting. Have few x more fund than in 2008. Never stop saving after smrt delisted and liquid it.

How not to let the emotion do the thinking during the crsis
After than let the thinking manage the emotion? My current passive is from FD and some share. Around 4k per year.

 

[hachi]

I never stop saving..just stop investing..

Never stop saving. But stop investing after 7th years of the last crsis.
Smrt used to a big part of my portfolio.

 

[talkonly]

Orhh iccc thank you!

DW will likely use the dividends paid to purchase more of the stock, or alternate high dividend paying stocks.

 

[doggmeister]

What made you decide to pay off the kl mortgage?

So that if I really need to I can quit/retire tomorrow without any debts to worry about paying off

 

[focus1974]

Do you have link for this?

Actually I doubt retired at 2008 able to fetch so much by just investing in Singapore market.

bluff one lah..
he made his gains thru' Properties.

 

[havetheveryfun]

bluff one lah..
he made his gains thru' Properties.

he did say he made 2-3x from stocks

 

[alalakam]

I am a fresh grad earning 3k per month. Really not enough money after putting money into joint saving acc with fiancée, giving parents money and personal expenses.

Can I know how to increase my money? Passive income how? Which stock to take dividend? I have low capital only..

 

[TabascoSauce]

I am a fresh grad earning 3k per month. Really not enough money after putting money into joint saving acc with fiancée, giving parents money and personal expenses.

Can I know how to increase my money? Passive income how? Which stock to take dividend? I have low capital only..

best way to increase ur money is to increase ur income.

and its okay to start slow, so dont rush into things. the last thing u wan is to get lured into some get-rich-quick scheme and end up losing all ur hard earned money.

if u r keen to invest, then u need to spend time and effort to build up ur financial knowledge. go pick up a few books. nvr depend on hearsay, not even from the so called professionals/advisers/financial bloggers.

and while accumulating capital important, protecting it is even more impt. so make sure u have adequate insurance for u and ur loved ones. get hospitalisation and surgical insurance for u and ur family if u havnt alr done so. term death is next. never ever buy Investment linked policy from insurer.

next, set up high interest saving acc like dbs multiplier acc.

lastly, take advantage of all the promotions by banks, apps etc. if u look hard enough, many companies, especially banks are throwing out free money. if u think out of the box abit, there are also many loopholes out there which u can take advantage of that could potentially help u rake in substantial amount.

 

[tangent314]

I am a fresh grad earning 3k per month. Really not enough money after putting money into joint saving acc with fiancée, giving parents money and personal expenses.

Can I know how to increase my money? Passive income how? Which stock to take dividend? I have low capital only..

Dividends and passive income is overrated. You would only really be interested in them in retirement, or for some reason your expenses is higher than your working income which is a bad situation to be in. As long as your expenses is lower than your working income, you have absolutely no need for passive income.

Secondly, if you have "really not enough money", then investing is not going to fix your problem. You need savings in order to invest. To fix this problem you need to increase your income or reduce your expenses.

I understand you probably have an agreement with your fiancée to put aside a fixed sum of money each month into the joint account to set aside for your wedding and housing plans. This is a nice idea but one problem is that money sitting in a bank joint account is not earning a lot of interest, and that would be a slight drag on your finances. Investing out of a joint account can be quite tricky as well. See if you can work something out with her to have an agreement to put a certain sum of money every 3 months into SSBs instead using your own individual CDP accounts.

IMO the fast and easy way to get started with savings is to create a DBS Multiplier account. Get your salary credited into a DBS account, get a DBS/POSB credit card and make at least one spending per month on it (easiest way is to charge your mobile phone bill to that), and set up a minimum $100/month POSB InvestSaver RSP into Nikko AM STI ETF. Move most of your money into the DBS Multiplier account. This will immediately set you up with 2% interest credited monthly. Once this stabilizes, then you can come back in here and look into intermediate forms of investing.

 

[alalakam]

hi tangent314 and TabascoSauce,

thanks for your valuable advice.

 

[Parka]

I am a fresh grad earning 3k per month. Really not enough money after putting money into joint saving acc with fiancée, giving parents money and personal expenses.

Can I know how to increase my money? Passive income how? Which stock to take dividend? I have low capital only..

tangent314 and TabascoSauce mentioned good points.

I would like to elaborate.

Say you want to earn $100 passive income monthly, that's $1,200 a year. To earn that passively, you have to find an investment that gives you at least 1.2% for $100K invested.

You can do the math to change the variables. To invest $50K to earn the same amount, you need to find an investment that returns 2.4%. (Eg nowadays Singapore Savings Bonds return 2%+).

Anyway, the key point I want to make is, you need to invest a large sum of money. And before you can invest that large sum of money, you have to earn that money.

So the question is, how long do you think you can earn that amount versus you finding some other way to earn the extra $100 a month. Eg. You could excel at you work and get a promotion. You could start a small side business to earn the $100/monthly.

For investing, it's for the long run, you only get to see your substantial returns many years later.

If you can find some way to increase your income by $100 per month, it's no different from investing 50K or 100K into some 1.2 or 2.4% investment, EXCEPT, you don't have to put in 50K or 100K.

It's just something to think about.

 

[blackvice]

tangent314 and TabascoSauce mentioned good points.

I would like to elaborate.

Say you want to earn $100 passive income monthly, that's $1,200 a year. To earn that passively, you have to find an investment that gives you at least 1.2% for $100K invested.

You can do the math to change the variables. To invest $50K to earn the same amount, you need to find an investment that returns 2.4%. (Eg nowadays Singapore Savings Bonds return 2%+).

Anyway, the key point I want to make is, you need to invest a large sum of money. And before you can invest that large sum of money, you have to earn that money.

So the question is, how long do you think you can earn that amount versus you finding some other way to earn the extra $100 a month. Eg. You could excel at you work and get a promotion. You could start a small side business to earn the $100/monthly.

For investing, it's for the long run, you only get to see your substantial returns many years later.

If you can find some way to increase your income by $100 per month, it's no different from investing 50K or 100K into some 1.2 or 2.4% investment, EXCEPT, you don't have to put in 50K or 100K.

It's just something to think about.

that's really the best advice out there, focus on building your human capital.

 

[havetheveryfun]

that's really the best advice out there, focus on building your human capital.

yes and no. as building your human capital defeats the purpose of wanting passive income in the first place.

 

[DukeCS33]

yes and no. as building your human capital defeats the purpose of wanting passive income in the first place.

It really depends on opportunities. If one has the opportunity to get into a high income job, and can save and accumulate income quickly, then one is better placed to earn a stream of passive income as and when his / her wealth gets build up. If you do not have capital, there is no need to talk about investment. There are many ways to building wealth - excelling in one's job and consistently scoring big bonuses that then get invested, investing effort into building a side line business or getting skilled in trading and investment. Building human capital and sowing the seeds to invest for passive income can go hand in hand and are not mutually exclusive events.

 

[5408854088]

My dividend collection record since I started my investing journey 9 years ago.
Aiming for $25k next year.

Received $328 from bonds and interests from savings.
In total, I achieved around $2k per month in 2018.

Would you consider REITs ETF instead? Since you are vested in so many counters. No need to stock pick.