Monthly Review of my Passive Income [April 2017]

Another month had just passed.

Without realizing, we had entered the month of May, almost half year were gone again.

Anyway, time for my "Report Card Review"!

Please click on the Picture to enlarge.

Comment:

1. So far so good. Under Stock portfolio, there are two categories of incomes namely, Dividend and Capital Gain. Both are doing pretty good as compare to previous year. As for Unit Trust Portfolio, nothing special in the house. Result is comparable to previous year's result. :(

2. Average monthly passive income. Apart from my active income, I m please to receive $1583.88 from my passive income. There is a limit to how many hours we can work a day. We cant be working 24-7 everyday; Even if we want, our physical body can't as we aged (try playing overnight majong when you are 31). Therefore one should start building his/her own passive income portfolio as soon as possible. Remember, Passive income is not for retiree. 

3. Going ahead. Will be focusing on Dividend Income for long term planning. Financial Freedom is something i always want to achieve ASAP. Feeling ashamed, I m still far from achieving it. Indeed, it is easy say than done. Well... So long i didn't surrender, I am still in the game!

Keep playing and one day i will clear the stage!

-----

Below are my earlier posts for your viewing.

For Monthly Review of my Passive Income for March 2017:

Monthly Review of my Passive Income [March 2017]

For Review of my Passive Income for 2016:

Review of Passive Income for 2016

Start Young, Start Now!

Monthly Review of my Passive Income [March 2017]

Last year, i made a goal to see how much Passive Income i can generate from Stock Market and Unit Trust, be it from Dividend Income or Capital Growth. 

i had then shared the data collected in the earlier post.

below is the link if you had missed it earlier.

http://myfinancedepartment.blogspot.sg/2017/01/review-of-passive-income-for-2016-draft.html

this year, i thought i can made full use of the data i collected last year as a baseline to do a comparison for me to improve further. i always believe by comparing, makes you a better person.  

the post came abit late for March 2017 due to my work commitment and house shifting lately.

nevertheless, i present to you my kid's play.

Please click on the Picture to enlarge.

phew....

glad that i m still on the right path.

with this, i would like to end off the post with the picture below.

Continue to believe,

Eric Khoo

Jan 2017 Monthly Update

(click on the picture to enlarge)

For the month of Jan, capital gain had increase slightly from $800+ to $1100+,

however dividend income from Unit Trust dropped from $280+ to $240+ due to the divestment of certain funds for capital gain during last year.

好的开始是成功的一半 !

Review of Passive Income for 2016

Mindset and goal, they are interlink.

Hello world,

I m back in action (during my free time)
: )

To start of, I would like to share something i just read from rich dad poor dad's email.

"After achieving my goal of making my first $1 million, I began thinking about setting the next goal. I knew I could go on to make $10 million doing things much the same way. However, $1 billion would require new skills and a whole new way of thinking.

That is why I set the goal of $1 billion, despite much personal doubt. Once I had the nerve to set the goal, I began to learn how others had made it. If I had not set the goal, I would not have embarked on the journey of learning. Once I committed to the goal, my mindset changed, and that alone was extremely valuable.

Even if I do not achieve my goal of making $1 billion, I will have gained much more from the change in mindset it required than if I had never set the goal in the first place."
-From Robert Kiyosaki

Even if you don't achieve 10/10, don't be dishearted because if you didn't take up any action, the result will be 1/10. So even if you achieve 5/10, it is way better than 1/10. Believe in yourself and keep taking action. One day, You will get there!
-Eric Khoo

Update for May 2016

went to check on the meaning of harvest and this is the answer i got from 
http://www.merriam-webster.com/dictionary/harvest

Definition of Harvest: the season when crops are gathered from the fields or the activity of gathering crops.

and for me, month of May is the season when my crops (money) are gathered. haha

crops collected for the month of May

Kepcorp $286

Starhub $100

ARA $70.20

ST Engg $200

Breadtalk $45

Sembmar $200

SPH Reit $84

Comfortdelgro $50

Sembcorp $60

QAF $120

Secura $30

Suntec Reit $71.13

ThaiBev $48.16

Sheng Siong $87.50

Starhub $100

Cache Log Trust $61.17

Frasers Centerpoint Trust $60.78

FEHT $54

Viva i Trust $137.59

Stock Portfolio $1865.53

Unit Trust Portfolio $229.09

Interest/Caurosell/Rebate $101.86

Total for the month of May: $2196.48

with this, i would like to leave you guys with one of my favourite quotes

“The best time to plant a tree was 20 years ago.
The second best time is now.”
– Chinese Proverb

for me...

sit back, relax and wait for the next harvest.

What next? wait for the "pivot point" where my passive income > expenses which mean I had achieve my financial freedom!!!

looking forward. = )

Continue to believe,

Eric

Update for April 2016 *Late Post*

Hi all,

sorry for the late post.
actually I wanted to skip this month update as this month is the month of dryness,
nothing much to update
i.e. no dividends was collected from my Stock Portfolio. ;(

however my Unit Trust Portfolio continue to provide some small rain drops during dry period like April, June, July etc. =)

and so for the month of April 2016
Dividend collected from Unit Trust: S$310.21

stay tune for May 2016
one of the month where "Golden Flowers, 金花" bloom
haha.

Determine to success,
Eric Khoo

Update for March 2016

Update For March 2016

Didnt do much for this month (March).

Received some passive income as follow. 

1. Unit Trust $214.95

2. Singpost $60

3. Mapletree Com Trust $62.40

4. Far East Hospitality Trust $58.50

5. Rebate/Interest $82.58

Recently I read an article online and i really get very annoyed by it. Especially for pointer one.

Dont get me wrong, I think the article is really good.

N i highly recommend u to go read it too. 

Jus spend around 15 minutes, go through it.

You won't regret. Haha

=)

http://www.businessinsider.com/i-became-a-millionaire-at-24-here-are-my-7-best-pieces-of-advice-to-create-massive-wealth-2016-4?IR=T&r=US&IR=T

The article doesn't tell u what to do,

But it helps u to open your mind and makes u reflect about yourself. *at least for myself. 

So.....

Question: How to create explosive income? 

I m finding my ans too. 

Hmmmmm.....

To our success,
Eric

How to Filter Good from Bad?

How to Filter good company from bad companies?
Below are some of the pointers I use.

1. Has Competitive advantage
2. Owner is Major Shareholder
3. Constantly finding new product(s)/business to sustain growth.

Old Chang Kee is one such example.
Constantly bringing in new products and promotions. Curry Times is one of their successsful stories.

Below are some of their latest products and promotions.
Do try it if you passsby their stores the next time.
:)

-Eric

Caption of the day.

Constant reminder for ourselves

We are not average.

; )

Want and Don't Want.

Went for a buddy's Wedding dinner last night. Had a good catch up with my long lost friends. Glad to see all my friends are moving on (better) in life.

After the wedding, few of us (those staying in the same area) went back together via Mrt. Otw back, we had some chats about life. I couldnt remember what topic we are in but one of friend suddenly pop-up this sentence "just keep working lo" and got me very worry.

I quickly ask her what do u mean by this? Because to me, this sound like she got no aim, 一天过一天 (everyday is just another day) which lead us to the topic of investing. In short, she mention she doesn't have spare cash to do investing. She don't know anything therefore never bother to start doing investing. She doesn't trust investment. Too high risk. In fact, she ended stating she is not interested.

Well, after listening, I feel sad. I just want to add on some points here.

Firstly, not enough cash. I need to clarify on this. Many youngsters thought that investing require a large sum of money which is totally not true. In fact, a sum of $1000 can keep u started. For example, you can buy a Unit Trust like "NIKKO Singapore Dividend Equity Fund" whereby it buys into a basket of Singapore listed companies. Moreover you also get monthly Dividend payout to your bank account. Or u can choose to buy into 500 shares of "Frasers Centerpoint Trust" whereby it pay 4x Dividend in a year and a possibility of capital appreciation. There are many other stocks and funds in the market. Above are just 2 exmaples to illustrate my point, not a recommendation to buy.

Secondly don't know anything about investing. I wish to clarify who started off with knowing everything? We go to school to learn from teacher. After which we go back home, we practice and do ten year series, past year papers jus to ensure we master the module and score in exam right? So what is the different? Basically, it comes down to  1 question, "你要不要而已(how dying you want to learn)”. Just like studying in school, the teacher can give u 100 times extra classes but if you got no heart to learn, end up you will still fail the exam.

Lastly, too high risk. By putting money in your bank, why not you buy into the bank? You see if u say investing is risky but if you put your money in the bank, if the bank doesn't do good, the bank will evetually close down and gone is your money. Isnt it high risk too? I always believe one rule and it goes like this "knowing what u are doing reduces the risk" chim right? Let me explain further with Riding a bicycle example. So if you know how to ride( respresent knowledge) a bicycle, the probability of you falling(risk) is lower, I m not saying you won't fall, you will still fall if there is a hole on the ground (bad event like terrorism attack) but at least we know that on normal road we wont fall thus reducing the risk significantly.

I would like to end the post with this.
The question I ask is, “What is holding you back from achieving your dreams?”
Is it just your mindset of not believing or simply no action from you? I can say alot of things and reasoning (input) but output really has to depend on yourself. I can't possibly go out there to Force you. 加油！

To our success,
Eric Khoo