Monthly Financial Updates and Year 2019 reviews

This monthly sustainability report does not include any of the salaried income. The basis for this monthly financial review is to gauge the sustainability of the status of my financial independence based on the total amount of passive income received.

The month of December was a last harvest month for dividend collection in 2019. Total dividend collected for the period between January-December amounted to $30,285.89, while the rental income was revised down to $1,500 due to moving out of one occupant.

Review for Year 2019

I managed to attain my goal 30k dividend collection for this year. This average to an amount of $2.5k passive income per month from this war machine. (This does not include any profit gains from trading)

This goal was achieved mainly due to the boast from banking sector. As for Reit sector, the industrial Reit did not perform well compare to last year, certain counters saw some cut in dividend payout, but the Reit portfolio was overall compensated by the growth of large caps counters like Mapletree. There was no addition of counter. Only one counter was sold for ESR Reit to reduce my exposure in industrial Reit.

I had just received the payout from the merger between A-HTrust and Ascott Reit in December. Because I had acquired A-HTrust during the period of oil crisis in year 2016, the merger price turns out to be much higher than my entry price. As such, I managed to lock some profits from this merger event. Details can be viewed below:

Merging of A-HTrust with Ascott Reit

Basically I only managed to hold A-HTrust for about 3 years before its value went up and allow me to obtain profit gains. As I mentioned in my investment lore, I look to hold an investment for long term in generating consistent income, at the same time I look to enter the market when the entry price is attractive to acquire. This require a long term deployment of a war chest ready to enter the market when an opportunity comes. 

The growth of war chest for year 2019 was slow due to the divert of resources to pay down housing loan. Nevertheless, I strive to maintain at least 15-20% of war chest ready to grab any window of opportunity offered by the market. 

Rental income for year 2019 overall has been stable. The quality of the tenants were excellent who had given us no trouble and always input the monthly rental without fail. There has been no damage cost incurred, apart from some maintenance cost on the property itself.

Household expenses remained consistent, and for year 2019 there has been surplus of passive income for every month. We are now considering acquiring a 4th Fixed Deposit to divert the surplus income. However, the year 2019 saw a dramatic increase in wellness expenses due to re-occurring illness and overall poor health. For the year 2020, the state of wellness would remain the highest priority.

Moving forward, I will continue to wait for opportunity from market to grow my portfolio and also pay off the housing loan to reduce the debt level. Ahem, and above all!! Try my best not to fall sick more than 3 times this year.  Ok! Ok! I know! No oily food, no fry food, no red meat, lots of water and plenty of rest. I try.😆