This month will be very busy for me.
I recently shared this with my YouTube community, and if you’re wondering how to join in, here’s the link:
https://www.youtube.com/@A.Singaporean.Stocks.Investor./community
So, before I get too busy, I decided I needed to get this quarterly update out quickly.
Too many hobbies and not enough time.
I suppose this is what retirement should be like.
We do things not because we have to and not because we depend on it to make a living.
I mean if I’m making blogs and YouTube videos every day because I need money, that’s not a retirement or at least not a retirement I want.
Ooops.
I have to pump the brakes or this will turn into a blog about FIRE instead.
Before I get off track, how much passive income will my portfolio generate for me in Q2 2024?
$81,339.05
This is roughly the same as the second quarter of 2023 which saw $79,774.61.
Some investments like AIMS APAC REIT, Frasers Logistics Trust, VICOM and Raffles Medical Group have generated less income for me.
So, although I received more income from my investments in DBS, OCBC and UOB, the upside was less pronounced.
As the title of this blog suggests, I am very happy to be a fixed-boat captain.
You’re not seeking greater growth but rather a steady stream of meaningful passive income.
As I revealed in my last blog post, I have accumulated more money in SSBs and T-Bills, increasing the risk-free bond component of my portfolio.
This will contribute to my passive income, but not much.
Even with interest rates gradually lower next year, I see our local banks as better investments than most income investors like me.
With DBS, OCBC and UOB representing over 45% of my portfolio, I expect a steady stream of passive income, barring the unthinkable.
The question is what if something goes wrong?
Well, I actually tasted it during the pandemic years.
I’ve blogged about how worried I was at the time when passive income declined due to dividends being cut or suspended.
The takeaway was the importance of having a buffer.
So even with lower passive income, we can still be quite comfortable.
In the third quarter of 2024, I suspect my passive income will decrease year over year.
I’d be very surprised if there wasn’t a discount.
This is because I reduced my investment in Sabana REIT significantly and I mentioned that in my last blog post as well.
Sabana REIT was previously one of my smaller major investments.
So, there must be some effect.
Of course, a quarter does not make a year.
I would just wait and see.
I would be very happy if for a whole year passive income remained almost unchanged year on year.
Don’t believe that investing for income works?
If AK can do it, so can you!