This monthly sustainability report does not include any of the salaried income. The basis for this monthly financial review is to gauge the sustainability status of my financial independence based on the total amount of passive income received.
This month passive income got a nice boast from dividend income totaling an amount of $4,317.96. However, the DBS Multiplier account has revised the interest rate due to covid19 crisis, its much lower than before. Rental income remains stable. This brings the total amount of passive income to $6,152.99. Household expenses maintained around $2,000.....with around 10% of it spend on medical bills. Well...eh.... not much I can do about it.
Based on the projection, the amount of dividend received is much lesser. The covid19 crisis has impacted many of the businesses, most of the companies has to cut down dividend payout to stay competitive. Some however, still managed to grow despite this challenging times. Overall, I would expected dividend income to be lessen by around 20-25% for this year. But as usual I am not alarm as I am not heavily dependent on one source of passive income, and I constantly believed in staying sustainable by moving in two directions -
1) increase/maintain passive income
2) reduce/maintain expenses
This will maintain the ratio gap between income-expense and enable us to remain sustainable for long term.
Portfolio once again remains unchanged. Funds were generally diverted and placed in war chest which grew slowly to 4% allocation. I see no immediate recovery in the market, in fact I do not think there would be any. As long as border remains closed with limited international trades, the economy will not see any drastic changes.
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