Passive income thread

[limster]

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

they resolved the tax issue which is good.

I am holding 12 REITs, long before the ETF came along. Many REIT investors like to apply for excess rights, something you can't do if you hold an ETF

 

[madtari]

For a roof over ur head, yes. For investment, I think ur doing very well with ur portfolio! Would u really want to venture off with property if it means to sell off a huge portion of ur portfolio and a new mortgage for a new condo?

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

 

[hwmook]

For a roof over ur head, yes. For investment, I think ur doing very well with ur portfolio! Would u really want to venture off with property if it means to sell off a huge portion of ur portfolio and a new mortgage for a new condo?

He is using whatever is inside OA. Good enough for a HDB.

 

[archcherub]

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.

wah 70% cash.
but what if the real crisis is 10 yrs away? then 10 yrs of cash not growing

 

[archcherub]

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

im surprised. i thought after a first property (HDB, EC or just condo) you will invest in REITS for liquidity and consistent dividends.

 

[Sinkie]

im surprised. i thought after a first property (HDB, EC or just condo) you will invest in REITS for liquidity and consistent dividends.

After your first property, I doubt most will still have money for reit investment for at least 2-3 year later

 

[TabascoSauce]

wah 70% cash.
but what if the real crisis is 10 yrs away? then 10 yrs of cash not growing

growing lar, jus growing more slowly at about 2.1% per year.

 

[Dividends Warrior]

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

Probably not. The REITs ETF is full of REITs I dun wish to own.
Prefer to pick my own REITs.

 

[Dividends Warrior]

For a roof over ur head, yes. For investment, I think ur doing very well with ur portfolio! Would u really want to venture off with property if it means to sell off a huge portion of ur portfolio and a new mortgage for a new condo?

Dun need to sell off any part of my portfolio.
Not eyeing condo. Gonna use my CPF OA for bto purchase. More than enough actually.

 

[Dividends Warrior]

im surprised. i thought after a first property (HDB, EC or just condo) you will invest in REITS for liquidity and consistent dividends.

I think u misunderstood. I haven't even got on the ladder yet.
The 1st step on the ladder is to get a BTO first. That's what I am doing.
As for what happens next, well, I am still thinking. No fixed plan yet.

 

[Sinkie]

I think u misunderstood. I haven't even got on the ladder yet.
The 1st step on the ladder is to get a BTO first. That's what I am doing.
As for what happens next, well, I am still thinking. No fixed plan yet.

Your income can get bto?

 

[SBC]

Dun need to sell off any part of my portfolio.
Not eyeing condo. Gonna use my CPF OA for bto purchase. More than enough actually.

DW is so conservative. Gaga hoot meh.

V surprised too that you can quality for Bto.

 

[archcherub]

I think u misunderstood. I haven't even got on the ladder yet.
The 1st step on the ladder is to get a BTO first. That's what I am doing.
As for what happens next, well, I am still thinking. No fixed plan yet.

Heh I’m guessing once you got your first property to stay in, you will probably stick to REITs. 2nd property bank loan limit of 50% and an extra tax of 18% ABSD on 2nd property is so harsh
Can’t wait for property to be so cool that ABSD is abolished.

 

[Midlifecrisis]

Before marriage, income earners can invest in the longer term investments

Use the dollar average strategy, start small and as we earn we slowly increase.

That grows the money a bit and later can be used for a bigger lump sum investment.


Then BTO always an investment opp, but with SG housing market in current state, who knows if it will be a good bet.

BTO is always a good investment. I don't know who has ever lost money after buying a BTO. No matter what you still to start out with first property as a home, and what can be cheaper than BTO. Living in JB or forever renting?.

 

[Lasogette]

Projected in 2019 : $1600 - Based on stocks cafe projection.

Mostly dividends from SG stocks + US Stocks

 

[chopra]

Projected 2019: 36k this year for me n my spouse combine. Early 30s

 

[chopra]

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.

Mod, ur bottomline is still generate passive income wor.

There are few options:

1. Fix dep
2. Ssb
3. Via dbs multiplier/ ocbc 360 / uob 1 / boc ssv / maybank saveup / scb bonussaver / citi maxigain.
4. Other bonds
5. Equities


I disagree w ur first two para. I need to balance here tho im thinking perhaps u were trying to provide a perspective to a fresh grad. Passive income is v impt in all stages of life starting frm child dev acct 2%.

Econs 101. Make ur money work hard for u.

 

[tangent314]

You are still not getting it. People should be focusing more on capital growth than passive income.

 

[Summer78]

You are still not getting it. People should be focusing more on capital growth than passive income.

i agree. hard to keep track of passive income from dividends and interest cos most are either reinvested or lump together in the bank balance.

of course rental income can keep track.

 

[TabascoSauce]

i agree. hard to keep track of passive income from dividends and interest cos most are either reinvested or lump together in the bank balance.

of course rental income can keep track.

Y is it hard to keep track? U can see all ur transactions in ibanking. Jus look for the relevant codes?