Saturday 3 October 2020

Monthly Financial Updates

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.

The 3rd quarter of the year closed with a passive income of $3,817.22, this brought the total amount of passive income for the 3rd quarter to $12,036.61, an average of $4000 per month. Not bad. The interest rate of DBS Multiplier has been cut really low, but still it doesn't cost me any effort to earn that small pocket money. 

Dividend income however is certainly much lower than before, the Covid-19 impacts on the business is still pretty much evident. Some of the companies has delayed the payout date til much later, overall I am still getting paid for all those soldiers parked inside the companies. Household expenses continued to be maintained around $2000.


Portfolio adjusted, with some funds diverted to pay off the housing loan. This weakened the amount of war chest, but still maintained around 3% allocation. Other than that, nothing much change.


 

Friday 2 October 2020

Accordia Golf Trust completes divestment

 Well, while the world still reeling from the impact of the Covid-19. Business still as usual for companies.

And this.....company is finally on the move. Link

 

 

This has been going on for a long time, finally its going to be divested. I been holding this for almost 5 years, and the offer price is .....well just somewhat better than my purchased price. So, one less company from my portfolio. 

Based on the news, there will be a second tranche of payment before delisting from SGX. Although it has not been a gold mine investment, it has been steady and paying me for the past 5 years. In other words, it has served its purpose in my portfolio as part of diversification. Thank you, Accordia.