This month is going to be a very busy one for me.
I recently shared this with my YouTube community and if you are wondering how to be a part of it, here is the link:
https://www.youtube.com/@A.Singaporean.Stocks.Investor./community
So, before I get too busy, I decided that I should get this quarterly update out pronto.
Many hobbies and not enough time.
I suppose this is how retirement should be like.
Doing things not because we have to and not because we depend on them to make a living.
I mean if I were churning out blogs and YouTube videos daily because I need the money, it isn’t retirement or at least it isn’t a retirement I would want.
Oops.
I have to step on the brakes or this would be turn into a blog about F.I.R.E. instead.
Before I go off track, how much passive income did my portfolio generate for me in 2Q 2024?
$81,339.05
This is more or less the same as 2Q 2023 which saw $79,774.61.
Some investments such as AIMS APAC REIT, Frasers Logistics Trust, VICOM and Raffles Medical Group generated less income for me.
So, although I received more income from my investments in DBS, OCBC and UOB, the uplift is less noticeable.
As the title of this blog suggests, I am quite happy to be a captain of a steady boat.
Not seeking greater growth but a steady stream of meaningful passive income.
As revealed in my last blog post, I have been socking away more money in SSBs and T-bills, growing the risk free bond component of my portfolio.
This will contribute to my passive income, although not by much.
Even as interest rates gradually reduce into next year, I see our local banks as better investments than most for investors for income like me.
With DBS, OCBC and UOB accounting for more than 45% of my portfolio, I expect a steady stream of passive income, barring the unthinkable.
The question is what if something were to go wrong?
Well, I have already gotten a taste of it during the pandemic years.
I blogged about how I was worried back then when passive income reduced as dividends were slashed or suspended.
The takeaway was the importance of having a buffer.
This is so that even with reduced passive income, we can still be quite comfortable.
In 3Q 2024, I suspect my passive income would reduce, year on year.
I would be quite surprised if there isn’t a reduction.
This is because I reduced my investment in Sabana REIT significantly and I mentioned this in my last blog post too.
Sabana REIT was formerly one of my smallest largest investments.
So, there should be some impact.
Of course, one quarter does not make a year.
I would just have to wait and see.
I would be quite happy if full year passive income comes in more or less unchanged, year on year.
Don’t believe investing for income works?
If AK can do it, so can you!
Reference:1Q 2024 passive income.
