As today is the last day of January, I will do a consolidation of my aims and target in this post.
For the OCBC 360, I have met all the target for getting 3.05% interest for the month of January. Thus, I will be receiving my interest probably on the 10th of Feb (Since they would require 7 working days to process). I am quite happy with the results for this and able to achieve the maximum interest rate also gives me satisfaction :)
Next stop is stocks, as you have seen in my previous blog posts, I have post my latest portfolio and also my expected dividends for this year. I am quite happy with the return of at least 3.4% for this year. Certainly, I am expecting more to come as I invest more.
However, due to the late investment and late action, I am unable to hit the target of having $120 of passive income for this month. It is truly sad that I only got $21++ but nonetheless, next month I will be able to achieve this target and probably even more!
So do check out my blog post in the month of Feb as I will share with you my progress and some tips that you can work on to earn extra vouchers!!!
Hi,
ReplyDeleteI think it's better to see it on a yearly basis rather than monthly. You're still working, so you probably won't need the passive income streaming in. Neither do you need the monthly income to come in equally, so why see it on a monthly basis? Don't ever be compelled to invest because you want to increase your passive income for this month by xx dollars...it's going to encourage short term thinking.
Just my suggestion :)
Hi JYKL,
ReplyDeleteYup i agree with LP. Look on a yearly basis. Use that total dividends u get this year and divide by 12mths, that would be your average monthly dividends.
Its okay to not hit your target this month only, look at the long term. U already made profit the time u started your investments. Instead of putting it inside your savings account or spend it on unnecessary stuffs.
Cheers
Jfree
Hi James,
ReplyDeleteIt is OK lah. You should review it on a yearly basis. January is slow or just for warm-up, as not many companies paying dividends. Your dividend streams will pick up steam, starting right from February.
Cheers,
Farmer.
Hi James,
ReplyDeleteI agree with all those seasoned investors above. If a year is too long, try semi annual since there're some companies that pay dividend semi annually.
Hi James,
ReplyDeleteI agree with all those seasoned investors above. If a year is too long, try semi annual since there're some companies that pay dividend semi annually.
Thanks guys for the suggestion and encouragement. The reason why I took it at a monthly review is because I want to see the progress that I have made so that I can keep myself updated and also encourage myself to save and invest more to ensure that I have a strong portfolio in the future.
ReplyDelete